AMERICAN STATES WATER CO
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
AWR$89.90-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Capitalization - December 31, 2025 and 2024
CONSOLIDATED STATEMENTS OF CAPITALIZATION
| December 31, | ||
|---|---|---|
| (in thousands, except number of shares) | 2025 | 2024 |
| Common Shareholders’ Equity: | ||
| Common Shares, no par value: | ||
| Authorized: 60,000,000 shares | ||
| Outstanding: 39,082,470 shares in 2025 and 38,151,027 shares in 2024 | $425,153 | $355,143 |
| Retained earnings | 620,428 | 564,908 |
| 1,045,581 | 920,051 | |
| Long-Term Debt | ||
| Notes/Debentures: | ||
| 6.81% notes due 2028 | 15,000 | 15,000 |
| 6.59% notes due 2029 | 40,000 | 40,000 |
| 7.875% notes due 2030 | 20,000 | 20,000 |
| 7.23% notes due 2031 | 50,000 | 50,000 |
| 6.00% notes due 2041 | 62,000 | 62,000 |
| Private Placement Notes: | ||
| 3.45% notes due 2029 | 15,000 | 15,000 |
| 5.87% notes due 2028 | 40,000 | 40,000 |
| 2.17% notes due 2030 | 85,000 | 85,000 |
| 2.90% notes due 2040 | 75,000 | 75,000 |
| 4.548% notes due 2032 | 17,500 | 17,500 |
| 4.949% notes due 2037 | 17,500 | 17,500 |
| 5.12% notes due 2033 | 100,000 | 100,000 |
| 5.22% notes due 2038 | 30,000 | 30,000 |
| 5.50% notes due 2027 | 65,000 | 65,000 |
| 6.12% notes due 2030 | 50,000 | — |
| 5.30% notes due 2032 | 75,000 | — |
| 5.65% notes due 2037 | 25,000 | — |
| Tax-Exempt Obligations: | ||
| 5.50% notes due 2026 | 7,730 | 7,730 |
| State Water Project due 2035 | 2,466 | 1,807 |
| Other Debt Instruments: | ||
| American Recovery and Reinvestment Act Obligation due 2033 | 2,114 | 2,356 |
| 794,310 | 643,893 | |
| Less: Current maturities | (8,209) | (385) |
| Debt issuance costs | (3,401) | (3,126) |
| 782,700 | 640,382 | |
| Total Capitalization | $1,828,281 | $1,560,433 |
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