American States Water (AWR) Financials

$78.42 -0.90 (-1.13%)

Closing price 05/21/2025 03:59 PM Eastern

Extended Trading

$78.44 +0.02 (+0.03%)

As of 04:43 AM Eastern

Annual Income Statements for American States Water

This table shows American States Water's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	119	125	78	94	86	84	64	69	60	60
Consolidated Net Income / (Loss)	119	125	78	94	86	84	64	69	60	60
Net Income / (Loss) Continuing Operations	119	125	78	94	86	84	64	69	60	60
Total Pre-Tax Income	149	167	102	125	115	109	82	108	94	98
Total Operating Income	184	197	127	141	130	127	101	127	114	118
Total Gross Profit	521	437	425	407	325	319	287	365	409	431
Total Revenue	595	596	492	499	488	474	437	441	436	459
Operating Revenue	595	596	492	499	488	474	437	441	436	459
Total Cost of Revenue	75	158	67	92	163	155	150	76	27	27
Operating Cost of Revenue	75	158	67	92	163	155	150	76	27	27
Total Operating Expenses	336	241	298	266	195	192	186	238	295	313
Selling, General & Admin Expense	142	129	124	118	117	116	114	112	110	108
Marketing Expense	24	21	19	19	20	19	19	19	15	14
Depreciation Expense	44	42	41	40	37	35	40	39	39	42
Other Operating Expenses / (Income)	126	49	114	89	21	22	12	77	78	96
Impairment Charge	0.00	-0.10	-0.08	-0.47	0.03	-0.25	-0.09	-8.32	0.00	0.00
Total Other Income / (Expense), net	-35	-30	-25	-16	-16	-18	-19	-19	-20	-20
Interest Expense	50	43	27	23	23	25	23	23	22	21
Interest & Investment Income	7.87	7.42	2.33	1.49	1.80	3.25	3.58	1.79	0.76	0.46
Other Income / (Expense), net	7.47	5.13	0.13	5.13	4.85	3.28	0.76	2.04	1.52	0.36
Income Tax Expense	30	42	24	30	28	25	18	39	35	38
Basic Earnings per Share	$3.17	$3.37	$2.12	$2.55	$2.34	$2.28	$1.73	$1.88	$1.63	$1.61
Weighted Average Basic Shares Outstanding	37.46M	36.98M	36.96M	36.92M	36.88M	36.81M	36.73M	36.64M	36.55M	37.39M
Diluted Earnings per Share	$3.17	$3.36	$2.11	$2.55	$2.33	$2.28	$1.72	$1.88	$1.62	$1.60
Weighted Average Diluted Shares Outstanding	37.58M	37.08M	37.04M	37.01M	37.00M	36.96M	36.94M	36.84M	36.75M	37.61M
Weighted Average Basic & Diluted Shares Outstanding	38.16M	36.99M	36.97M	36.95M	36.90M	36.86M	36.90M	36.90M	36.70M	37.60M
Cash Dividends to Common per Share	$1.79	$1.66	$1.53	$1.40	$1.28	$1.16	$1.06	$0.99	$0.91	$0.87

This table shows American States Water's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	27	28	36	32	23	20	32	39	34	19	26
Consolidated Net Income / (Loss)	27	28	36	32	23	20	32	39	34	19	26
Net Income / (Loss) Continuing Operations	27	28	36	32	23	20	32	39	34	19	26
Total Pre-Tax Income	35	31	46	42	31	29	41	52	45	23	34
Total Operating Income	46	39	55	52	39	35	52	59	51	28	40
Total Gross Profit	144	81	156	152	132	-15	148	151	153	69	132
Total Revenue	148	143	162	155	135	125	152	157	161	125	135
Operating Revenue	148	143	162	155	135	125	152	157	161	125	135
Total Cost of Revenue	4.15	62	6.19	3.54	3.23	140	4.10	6.25	8.14	56	3.41
Operating Cost of Revenue	4.15	62	6.19	3.54	3.23	140	4.10	6.25	8.14	56	3.41
Total Operating Expenses	98	43	101	100	93	-49	96	92	102	41	91
Selling, General & Admin Expense	37	38	35	34	35	32	31	31	34	31	31
Marketing Expense	5.68	6.50	6.97	5.82	4.85	5.66	5.99	5.37	3.83	4.35	5.65
Depreciation Expense	12	11	11	11	11	11	10	10	11	11	10
Other Operating Expenses / (Income)	44	-13	47	49	43	-98	48	45	53	-5.10	44
Total Other Income / (Expense), net	-10	-7.90	-9.18	-9.53	-8.44	-6.36	-11	-7.22	-6.01	-4.35	-6.33
Interest Expense	12	11	13	13	13	11	12	11	9.48	7.78	7.33
Interest & Investment Income	2.01	1.97	1.74	2.09	2.07	1.62	2.13	1.80	1.86	0.94	0.67
Other Income / (Expense), net	-0.17	1.30	2.31	1.52	2.34	2.88	-1.07	1.71	1.61	2.50	0.34
Income Tax Expense	8.46	2.36	10	10	7.40	8.10	9.55	13	11	4.64	8.36
Basic Earnings per Share	$0.70	$0.75	$0.95	$0.85	$0.62	$0.55	$0.85	$1.04	$0.93	$0.51	$0.69
Weighted Average Basic Shares Outstanding	38.25M	37.46M	37.56M	37.31M	37.03M	36.98M	36.98M	36.98M	36.97M	36.96M	36.96M
Diluted Earnings per Share	$0.70	$0.75	$0.95	$0.85	$0.62	$0.54	$0.85	$1.04	$0.93	$0.50	$0.69
Weighted Average Diluted Shares Outstanding	38.35M	37.58M	37.68M	37.42M	37.11M	37.08M	37.07M	37.07M	37.05M	37.04M	37.04M
Weighted Average Basic & Diluted Shares Outstanding	38.51M	38.16M	37.80M	37.46M	37.23M	36.99M	36.98M	36.98M	36.98M	36.97M	36.96M
Cash Dividends to Common per Share	$0.47	$0.47	$0.47	$0.43	$0.43	$0.43	$0.43	$0.40	$0.40	$0.40	$0.40

This table details how cash moves in and out of American States Water's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	13	8.08	1.03	-32	35	-5.81	6.93	-0.22	-3.93	-72
Net Cash From Operating Activities	199	68	118	116	122	117	137	145	97	95
Net Cash From Continuing Operating Activities	199	68	118	116	120	117	137	145	97	95
Net Income / (Loss) Continuing Operations	119	125	78	94	86	84	64	69	60	60
Consolidated Net Income / (Loss)	119	125	78	94	86	84	64	69	60	60
Depreciation Expense	44	43	42	40	37	36	41	39	39	43
Non-Cash Adjustments To Reconcile Net Income	4.56	-7.20	7.50	-6.50	-11	-0.57	-6.95	-1.23	0.15	5.31
Changes in Operating Assets and Liabilities, net	31	-93	-9.79	-12	7.79	-2.62	39	37	-2.06	-13
Net Cash From Investing Activities	-233	-189	-167	-145	-132	-153	-128	-80	-131	-90
Net Cash From Continuing Investing Activities	-233	-189	-167	-145	-133	-153	-128	-80	-131	-90
Purchase of Property, Plant & Equipment	-232	-189	-166	-145	-130	-152	-127	-113	-130	-87
Other Investing Activities, net	-0.82	-0.22	-0.86	-0.58	-1.28	-1.42	-1.55	-1.23	-	0.00
Net Cash From Financing Activities	47	129	50	-2.27	45	31	-1.81	-65	30	-77
Net Cash From Continuing Financing Activities	47	129	50	-2.27	-77	31	-1.81	-65	30	-77
Repayment of Debt	-50	50	66	38	-77	-45	-4.21	-4.22	-5.72	-4.85
Payment of Dividends	-67	-61	-56	-52	-70	-43	-39	-36	-33	-33
Issuance of Debt	65	130	35	0.00	159	110	37	-31	0.00	0.00
Issuance of Common Equity	89	-	-	-	60	0.52	0.55	0.91	0.24	1.20
Other Financing Activities, net	10	11	5.60	11	-151	8.54	4.30	5.98	69	33

This table details how cash moves in and out of American States Water's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-31	10	13	2.66	-13	5.47	7.58	-1.10	-3.87	3.74	-8.57
Net Cash From Operating Activities	45	65	64	25	46	11	39	11	6.96	28	33
Net Cash From Continuing Operating Activities	45	64	64	25	46	11	39	11	6.96	28	33
Net Income / (Loss) Continuing Operations	27	28	36	32	23	20	32	39	34	19	26
Consolidated Net Income / (Loss)	27	28	36	32	23	20	32	39	34	19	26
Depreciation Expense	12	11	11	11	11	11	10	10	12	11	10
Non-Cash Adjustments To Reconcile Net Income	-0.17	4.61	2.72	-8.23	5.46	3.19	1.75	-5.70	-6.44	-8.22	1.62
Changes in Operating Assets and Liabilities, net	6.54	20	15	-9.99	6.33	-23	-4.90	-32	-33	6.45	-4.46
Net Cash From Investing Activities	-67	-60	-64	-61	-47	-54	-47	-39	-49	-45	-45
Net Cash From Continuing Investing Activities	-67	-60	-64	-61	-47	-54	-47	-39	-49	-45	-45
Purchase of Property, Plant & Equipment	-68	-58	-64	-62	-48	-52	-47	-39	-49	-44	-46
Other Investing Activities, net	0.19	-1.44	0.22	0.27	0.14	-1.18	0.13	0.66	0.17	-1.18	0.19
Net Cash From Financing Activities	17	5.60	13	23	4.54	48	16	27	38	21	3.72
Net Cash From Continuing Financing Activities	-8.84	5.60	13	39	-12	48	16	27	38	21	3.72
Repayment of Debt	-42	-9.00	0.96	-41	-0.87	59	29	-38	-0.82	71	-0.94
Payment of Dividends	-18	-18	-17	-16	-16	-16	-16	-15	-15	-15	-15
Issuance of Debt	50	-	-0.05	61	4.00	-	-	77	53	-36	18
Other Financing Activities, net	0.67	2.72	2.80	3.31	1.22	4.68	2.59	2.53	1.18	1.35	1.35

This table presents American States Water's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,500	2,246	2,034	1,901	1,792	1,641	1,501	1,417	1,470	1,344
Total Current Assets	233	206	151	138	157	122	131	155	167	133
Cash & Equivalents	27	14	6.00	4.96	37	1.33	7.14	0.21	0.44	4.36
Accounts Receivable	114	113	86	96	84	67	72	106	97	79
Inventories, net	15	18	15	12	8.62	6.43	5.78	4.80	4.29	5.42
Prepaid Expenses	7.29	5.77	5.45	5.32	5.56	5.41	6.06	5.60	3.74	3.23
Current Deferred & Refundable Income Taxes	0.07	0.05	3.90	0.24	0.10	5.69	2.16	4.74	18	11
Other Current Assets	71	55	35	19	22	36	39	34	43	30
Plant, Property, & Equipment, net	2,100	1,892	1,754	1,626	1,512	1,416	1,296	1,205	1,151	1,061
Plant, Property & Equipment, gross	2,748	2,517	2,360	2,220	2,080	1,959	1,858	1,738	1,684	1,590
Accumulated Depreciation	648	624	606	594	568	543	562	533	533	530
Total Noncurrent Assets	167	148	129	137	122	103	74	56	153	150
Long-Term Investments	50	43	37	41	35	30	25	24	21	19
Other Noncurrent Operating Assets	117	105	91	95	86	72	47	31	131	131
Total Liabilities & Shareholders' Equity	2,500	2,246	2,034	1,901	1,792	1,641	1,501	1,417	1,470	1,344
Total Liabilities	1,580	1,470	1,325	1,215	1,150	1,040	943	890	1,038	890
Total Current Liabilities	286	167	397	156	119	116	147	157	240	136
Short-Term Debt	124	42	256	31	0.36	5.34	40	59	90	28
Accounts Payable	89	69	85	66	64	56	60	51	105	63
Accrued Expenses	17	15	16	-	-	11	-	-	3.86	3.63
Current Deferred Revenue	5.66	1.35	0.90	-	-	11	7.53	3.91	2.26	3.76
Current Deferred & Payable Income Tax Liabilities	0.48	0.49	1.85	4.66	6.78	0.10	0.36	0.23	0.15	0.07
Current Employee Benefit Liabilities	16	15	14	16	15	14	14	13	12	12
Other Current Liabilities	26	16	17	33	28	15	11	18	16	17
Other Current Nonoperating Liabilities	8.13	8.61	5.31	4.55	4.83	3.05	3.87	3.86	-	-
Total Noncurrent Liabilities	1,295	1,303	928	1,059	1,031	924	797	733	798	755
Long-Term Debt	805	867	469	587	575	481	377	321	321	321
Asset Retirement Reserve & Litigation Obligation	23	1.22	41	33	0.00	23	45	32	0.00	-
Noncurrent Deferred Revenue	70	67	64	67	63	64	66	67	190	186
Noncurrent Deferred & Payable Income Tax Liabilities	181	163	151	141	132	127	116	117	226	194
Noncurrent Employee Benefit Liabilities	34	33	34	61	96	68	58	58	61	53
Other Noncurrent Operating Liabilities	182	172	170	170	165	160	136	138	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	920	776	710	686	642	602	558	530	494	466
Total Preferred & Common Equity	920	776	710	686	642	602	558	530	494	466
Total Common Equity	920	776	710	686	642	602	558	530	494	466
Common Stock	920	776	710	686	642	602	558	530	494	466

This table presents American States Water's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,545	2,421	2,348	2,293	2,205	2,140	2,060	1,983
Total Current Assets	238	222	210	205	192	169	140	139
Cash & Equivalents	21	16	3.58	17	8.60	1.03	2.13	2.26
Accounts Receivable	110	119	119	102	116	100	88	86
Inventories, net	16	16	17	16	16	17	16	13
Prepaid Expenses	14	6.95	9.04	12	6.53	9.17	12	7.29
Current Deferred & Refundable Income Taxes	0.03	2.13	0.00	0.00	0.06	0.07	0.04	0.09
Other Current Assets	78	62	62	59	45	42	21	30
Plant, Property, & Equipment, net	2,137	2,041	1,982	1,934	1,850	1,814	1,780	1,718
Plant, Property & Equipment, gross	2,791	2,682	2,621	2,566	2,473	2,431	2,397	2,322
Accumulated Depreciation	654	641	639	633	623	617	616	604
Total Noncurrent Assets	170	158	157	154	163	157	140	126
Long-Term Investments	50	48	46	45	38	40	38	34
Noncurrent Note & Lease Receivables	2.80	4.21	5.30	5.93	5.85	6.82	7.79	7.26
Other Noncurrent Operating Assets	117	104	105	102	118	109	93	83
Total Liabilities & Shareholders' Equity	2,545	2,421	2,348	2,293	2,205	2,140	2,060	1,983
Total Liabilities	1,589	1,541	1,515	1,492	1,434	1,373	1,330	1,277
Total Current Liabilities	294	321	299	179	195	141	308	373
Short-Term Debt	143	177	167	43	37	0.41	176	239
Accounts Payable	68	77	72	70	72	71	66	70
Accrued Expenses	11	12	12	12	11	-	8.41	7.23
Current Deferred & Payable Income Tax Liabilities	6.76	0.16	4.25	5.11	29	19	11	5.46
Current Employee Benefit Liabilities	19	16	13	18	15	13	17	16
Other Taxes Payable	14	16	13	13	17	15	14	16
Other Current Liabilities	23	14	8.73	8.61	4.75	4.09	15	20
Other Current Nonoperating Liabilities	9.80	9.62	8.35	9.00	8.95	7.80	-	-
Total Noncurrent Liabilities	1,295	1,220	1,216	1,314	1,239	1,244	1,022	904
Long-Term Debt	796	760	768	870	812	819	601	450
Asset Retirement Reserve & Litigation Obligation	27	3.90	0.75	1.12	0.00	0.00	1.78	18
Noncurrent Deferred Revenue	70	70	69	69	64	64	64	65
Noncurrent Deferred & Payable Income Tax Liabilities	185	177	169	167	157	154	149	144
Noncurrent Employee Benefit Liabilities	34	32	34	34	34	36	35	59
Other Noncurrent Operating Liabilities	182	176	175	173	171	170	171	169
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	956	879	833	800	771	755	731	706
Total Preferred & Common Equity	956	879	833	800	771	755	731	706
Total Common Equity	956	879	833	800	771	755	731	706
Common Stock	382	325	298	280	263	262	262	260
Retained Earnings	574	554	536	520	508	493	469	445

This table displays calculated financial ratios and metrics derived from American States Water's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.04%	21.19%	-1.47%	2.17%	3.03%	8.48%	-0.86%	1.04%	-4.92%	-1.54%
EBITDA Growth	-3.65%	45.51%	-9.47%	7.84%	3.91%	16.61%	-15.44%	8.77%	-4.15%	-0.02%
EBIT Growth	-4.91%	59.25%	-13.24%	7.95%	3.84%	28.12%	-21.21%	11.60%	-2.64%	-0.79%
NOPAT Growth	-0.24%	51.73%	-8.75%	8.34%	0.08%	24.82%	-3.21%	12.69%	-1.04%	-0.51%
Net Income Growth	-4.53%	59.35%	-16.91%	9.17%	2.47%	32.05%	-7.92%	16.11%	-1.23%	-0.94%
EPS Growth	-5.65%	59.24%	-17.25%	9.44%	2.19%	32.56%	-8.51%	16.05%	1.25%	1.91%
Operating Cash Flow Growth	193.62%	-42.54%	1.92%	-5.39%	4.54%	-14.56%	-5.38%	49.10%	1.90%	-41.73%
Free Cash Flow Firm Growth	103.74%	-156.20%	-433.15%	-181.81%	157.55%	-175.37%	12.74%	-42.59%	106.68%	-540.60%
Invested Capital Growth	8.78%	17.24%	10.58%	9.87%	8.50%	11.92%	6.71%	7.82%	5.45%	197.01%
Revenue Q/Q Growth	3.10%	-0.03%	1.81%	-1.50%	2.35%	0.42%	1.59%	-0.59%	0.00%	0.00%
EBITDA Q/Q Growth	1.15%	3.19%	-0.92%	0.64%	3.97%	1.56%	-0.08%	0.13%	290.53%	288.65%
EBIT Q/Q Growth	1.17%	3.94%	-1.59%	0.28%	4.49%	3.38%	-0.87%	0.26%	0.00%	0.00%
NOPAT Q/Q Growth	7.79%	2.03%	0.03%	0.40%	2.01%	2.40%	2.58%	2.00%	0.00%	0.00%
Net Income Q/Q Growth	7.20%	1.46%	-2.15%	0.15%	4.23%	3.57%	1.46%	2.45%	0.00%	0.00%
EPS Q/Q Growth	7.09%	1.20%	-2.31%	0.39%	4.02%	3.64%	1.18%	2.73%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	36.70%	-19.79%	-4.69%	-0.57%	1.47%	3.72%	3.05%	3.50%	12.01%	-26.41%
Free Cash Flow Firm Q/Q Growth	108.33%	-14.62%	-53.84%	-82.54%	160.26%	29.98%	-15.52%	-79.29%	129.61%	-3,244.38%
Invested Capital Q/Q Growth	1.06%	3.37%	2.84%	2.09%	1.98%	2.46%	3.20%	2.76%	-4.96%	1.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	87.44%	73.43%	86.46%	81.55%	66.60%	67.24%	65.64%	82.81%	93.84%	94.05%
EBITDA Margin	39.66%	41.15%	34.27%	37.30%	35.34%	35.04%	32.60%	38.22%	35.50%	35.22%
Operating Margin	30.98%	33.03%	25.76%	28.26%	26.73%	26.82%	23.12%	28.85%	26.19%	25.83%
EBIT Margin	32.24%	33.89%	25.79%	29.29%	27.72%	27.51%	23.29%	29.31%	26.53%	25.91%
Profit (Net Income) Margin	20.03%	20.97%	15.95%	18.91%	17.70%	17.80%	14.62%	15.74%	13.70%	13.19%
Tax Burden Percent	79.81%	75.02%	76.81%	75.62%	75.40%	77.37%	78.00%	64.03%	63.23%	61.58%
Interest Burden Percent	77.85%	82.49%	80.51%	85.39%	84.68%	83.63%	80.49%	83.90%	81.65%	82.64%
Effective Tax Rate	20.19%	24.98%	23.19%	24.38%	24.60%	22.63%	22.00%	35.97%	36.77%	38.42%
Return on Invested Capital (ROIC)	8.62%	9.73%	7.32%	8.84%	8.91%	9.80%	8.59%	9.52%	9.01%	14.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.37%	6.80%	4.33%	6.58%	6.43%	6.50%	4.60%	6.02%	5.13%	9.67%
Return on Net Nonoperating Assets (RNNOA)	5.45%	7.09%	3.92%	5.37%	4.99%	4.74%	3.15%	4.03%	3.43%	11.97%
Return on Equity (ROE)	14.06%	16.82%	11.24%	14.21%	13.90%	14.54%	11.74%	13.55%	12.44%	25.96%
Cash Return on Invested Capital (CROIC)	0.20%	-6.14%	-2.73%	-0.57%	0.75%	-1.44%	2.10%	1.99%	3.70%	-85.25%
Operating Return on Assets (OROA)	8.09%	9.43%	6.44%	7.91%	7.89%	8.30%	6.97%	8.95%	8.22%	8.73%
Return on Assets (ROA)	5.03%	5.84%	3.98%	5.11%	5.04%	5.37%	4.38%	4.81%	4.25%	4.44%
Return on Common Equity (ROCE)	14.06%	16.82%	11.24%	14.21%	13.90%	14.54%	11.74%	13.55%	12.44%	25.96%
Return on Equity Simple (ROE_SIMPLE)	12.96%	16.10%	11.05%	13.75%	13.47%	14.02%	11.44%	13.09%	12.09%	12.98%
Net Operating Profit after Tax (NOPAT)	147	148	97	107	98	98	79	81	72	73
NOPAT Margin	24.73%	24.78%	19.79%	21.37%	20.15%	20.75%	18.03%	18.47%	16.56%	15.91%
Net Nonoperating Expense Percent (NNEP)	3.25%	2.93%	2.99%	2.26%	2.48%	3.30%	4.00%	3.50%	3.88%	4.33%
Return On Investment Capital (ROIC_SIMPLE)	7.96%	8.76%	6.78%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	12.56%	26.57%	13.54%	18.45%	33.40%	32.76%	34.36%	17.19%	6.16%	5.95%
SG&A Expenses to Revenue	23.89%	21.58%	25.29%	23.71%	23.93%	24.44%	26.15%	25.34%	25.17%	23.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.32%	11.51%
Operating Expenses to Revenue	56.46%	40.40%	60.69%	53.29%	39.87%	40.43%	42.52%	53.97%	67.66%	68.22%
Earnings before Interest and Taxes (EBIT)	192	202	127	146	135	130	102	129	116	119
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	236	245	168	186	173	166	142	168	155	162
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.17	3.72	4.60	5.28	4.26	4.87	3.99	3.56	2.93	2.81
Price to Tangible Book Value (P/TBV)	3.17	3.72	4.60	5.29	4.27	4.88	4.00	3.56	2.94	2.82
Price to Revenue (P/Rev)	4.90	4.85	6.64	7.26	5.60	6.18	5.10	4.28	3.32	2.86
Price to Earnings (P/E)	24.48	23.14	41.60	38.38	31.64	34.72	34.86	27.18	24.25	21.67
Dividend Yield	2.32%	2.12%	1.73%	1.43%	1.73%	1.46%	1.75%	1.93%	2.31%	2.45%
Earnings Yield	4.09%	4.32%	2.40%	2.61%	3.16%	2.88%	2.87%	3.68%	4.12%	4.62%
Enterprise Value to Invested Capital (EV/IC)	2.12	2.29	2.82	3.32	2.82	3.19	2.76	2.53	2.24	2.10
Enterprise Value to Revenue (EV/Rev)	6.33	6.28	8.02	8.41	6.63	7.14	5.98	5.09	4.22	3.57
Enterprise Value to EBITDA (EV/EBITDA)	15.97	15.27	23.41	22.54	18.76	20.37	18.34	13.31	11.88	10.13
Enterprise Value to EBIT (EV/EBIT)	19.65	18.54	31.11	28.70	23.92	25.96	25.66	17.36	15.89	13.77
Enterprise Value to NOPAT (EV/NOPAT)	25.62	25.36	40.54	39.34	32.90	34.41	33.15	27.54	25.46	22.43
Enterprise Value to Operating Cash Flow (EV/OCF)	18.98	55.30	33.47	36.28	26.50	28.95	19.09	15.50	18.96	17.20
Enterprise Value to Free Cash Flow (EV/FCFF)	1,083.29	0.00	0.00	0.00	388.51	0.00	135.92	131.52	61.94	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.01	1.17	1.02	0.90	0.90	0.81	0.75	0.72	0.83	0.75
Long-Term Debt to Equity	0.88	1.12	0.66	0.86	0.90	0.80	0.67	0.61	0.65	0.69
Financial Leverage	1.02	1.04	0.91	0.82	0.78	0.73	0.68	0.67	0.67	1.24
Leverage Ratio	2.80	2.88	2.82	2.78	2.76	2.71	2.68	2.82	2.93	5.84
Compound Leverage Factor	2.18	2.38	2.27	2.38	2.34	2.27	2.16	2.37	2.39	4.83
Debt to Total Capital	50.26%	53.95%	50.52%	47.40%	47.26%	44.71%	42.75%	41.78%	45.42%	42.84%
Short-Term Debt to Total Capital	6.72%	2.51%	17.85%	2.41%	0.03%	0.49%	4.13%	6.52%	9.97%	3.47%
Long-Term Debt to Total Capital	43.54%	51.44%	32.67%	44.99%	47.23%	44.21%	38.62%	35.27%	35.44%	39.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.74%	46.05%	49.48%	52.60%	52.74%	55.29%	57.25%	58.22%	54.58%	57.16%
Debt to EBITDA	3.94	3.71	4.30	3.32	3.33	2.93	2.93	2.26	2.66	2.16
Net Debt to EBITDA	3.61	3.48	4.05	3.08	2.91	2.74	2.70	2.11	2.52	2.02
Long-Term Debt to EBITDA	3.41	3.54	2.78	3.15	3.33	2.90	2.64	1.91	2.07	1.99
Debt to NOPAT	6.31	6.16	7.45	5.80	5.84	4.95	5.29	4.67	5.70	4.79
Net Debt to NOPAT	5.79	5.78	7.01	5.37	5.11	4.63	4.88	4.38	5.40	4.47
Long-Term Debt to NOPAT	5.47	5.87	4.82	5.50	5.84	4.89	4.78	3.95	4.45	4.40
Altman Z-Score	1.57	1.76	1.78	2.29	1.97	2.25	1.92	1.88	1.33	1.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.82	1.24	0.38	0.89	1.33	1.06	0.90	0.99	0.70	0.98
Quick Ratio	0.49	0.77	0.23	0.65	1.02	0.59	0.54	0.68	0.41	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3.48	-93	-36	-6.82	8.33	-14	19	17	30	-444
Operating Cash Flow to CapEx	85.68%	35.90%	70.86%	79.98%	93.74%	77.00%	108.13%	183.44%	74.65%	109.03%
Free Cash Flow to Firm to Interest Expense	0.07	-2.18	-1.34	-0.30	0.37	-0.59	0.82	0.75	1.35	-21.08
Operating Cash Flow to Interest Expense	3.94	1.58	4.36	5.06	5.42	4.75	5.84	6.40	4.41	4.51
Operating Cash Flow Less CapEx to Interest Expense	-0.66	-2.83	-1.79	-1.27	-0.36	-1.42	0.44	2.91	-1.50	0.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.28	0.25	0.27	0.28	0.30	0.30	0.31	0.31	0.34
Accounts Receivable Turnover	5.25	5.97	5.40	5.54	6.46	6.83	4.92	4.34	4.96	5.54
Inventory Turnover	4.57	9.83	4.97	8.86	21.68	25.44	28.40	16.67	5.53	6.06
Fixed Asset Turnover	0.30	0.33	0.29	0.32	0.33	0.35	0.35	0.37	0.39	0.44
Accounts Payable Turnover	0.95	2.06	0.88	1.42	2.73	2.70	2.72	0.97	0.32	0.52
Days Sales Outstanding (DSO)	69.56	61.11	67.56	65.87	56.53	53.43	74.17	84.14	73.66	65.89
Days Inventory Outstanding (DIO)	79.82	37.13	73.44	41.21	16.84	14.35	12.85	21.90	65.98	60.23
Days Payable Outstanding (DPO)	383.78	177.06	413.32	257.17	133.61	135.38	134.38	376.95	1,141.84	698.69
Cash Conversion Cycle (CCC)	-234.40	-78.83	-272.32	-150.10	-60.24	-67.61	-47.36	-270.91	-1,002.21	-572.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,781	1,637	1,396	1,263	1,149	1,059	946	887	823	780
Invested Capital Turnover	0.35	0.39	0.37	0.41	0.44	0.47	0.48	0.52	0.54	0.88
Increase / (Decrease) in Invested Capital	144	241	134	113	90	113	60	64	43	517
Enterprise Value (EV)	3,772	3,743	3,943	4,194	3,238	3,383	2,611	2,241	1,839	1,637
Market Capitalization	2,919	2,890	3,262	3,621	2,735	2,929	2,227	1,885	1,448	1,311
Book Value per Share	$24.34	$20.99	$19.20	$18.57	$17.39	$16.33	$15.19	$14.45	$13.52	$12.69
Tangible Book Value per Share	$24.34	$20.99	$19.17	$18.54	$17.36	$16.30	$15.16	$14.42	$13.49	$12.66
Total Capital	1,850	1,686	1,434	1,304	1,217	1,088	975	910	906	815
Total Debt	930	909	724	618	575	486	417	380	411	349
Total Long-Term Debt	805	867	469	587	575	481	377	321	321	321
Net Debt	853	852	682	572	503	455	384	356	390	326
Capital Expenditures (CapEx)	232	189	166	145	130	152	126	79	130	87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	46	68	4.67	8.89	2.16	10	18	58	17	21
Debt-free Net Working Capital (DFNWC)	72	82	11	14	39	12	25	58	18	26
Net Working Capital (NWC)	-52	39	-245	-18	39	6.46	-15	-1.20	-73	-2.81
Net Nonoperating Expense (NNE)	28	23	19	12	12	14	15	12	12	12
Net Nonoperating Obligations (NNO)	861	861	687	577	508	458	388	357	328	314
Total Depreciation and Amortization (D&A)	44	43	42	40	37	36	41	39	39	43
Debt-free, Cash-free Net Working Capital to Revenue	7.65%	11.35%	0.95%	1.78%	0.44%	2.21%	4.13%	13.14%	3.92%	4.61%
Debt-free Net Working Capital to Revenue	12.13%	13.72%	2.17%	2.78%	7.97%	2.49%	5.77%	13.19%	4.02%	5.56%
Net Working Capital to Revenue	-8.76%	6.61%	-49.89%	-3.51%	7.89%	1.36%	-3.46%	-0.27%	-16.69%	-0.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.17	$3.37	$2.12	$2.55	$2.34	$2.28	$1.73	$1.88	$1.63	$1.61
Adjusted Weighted Average Basic Shares Outstanding	37.46M	36.98M	36.96M	36.92M	36.88M	36.81M	36.73M	36.64M	36.55M	37.39M
Adjusted Diluted Earnings per Share	$3.17	$3.36	$2.11	$2.55	$2.33	$2.28	$1.72	$1.88	$1.62	$1.60
Adjusted Weighted Average Diluted Shares Outstanding	37.58M	37.08M	37.04M	37.01M	37.00M	36.96M	36.94M	36.84M	36.75M	37.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.16M	36.99M	36.97M	36.95M	36.90M	36.86M	36.77M	36.72M	36.59M	36.52M
Normalized Net Operating Profit after Tax (NOPAT)	147	148	97	106	98	98	79	76	72	73
Normalized NOPAT Margin	24.73%	24.76%	19.78%	21.30%	20.16%	20.71%	18.02%	17.26%	16.56%	15.91%
Pre Tax Income Margin	25.10%	27.95%	20.76%	25.01%	23.48%	23.00%	18.75%	24.59%	21.66%	21.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.81	4.72	4.69	6.40	6.01	5.30	4.34	5.72	5.26	5.64
NOPAT to Interest Expense	2.92	3.45	3.60	4.67	4.37	4.00	3.36	3.60	3.28	3.46
EBIT Less CapEx to Interest Expense	-0.79	0.31	-1.46	0.07	0.22	-0.87	-1.06	2.23	-0.64	1.50
NOPAT Less CapEx to Interest Expense	-1.68	-0.96	-2.55	-1.66	-1.42	-2.17	-2.04	0.11	-2.62	-0.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.19%	48.99%	71.89%	54.79%	80.65%	50.63%	60.96%	52.50%	55.92%	54.05%
Augmented Payout Ratio	56.19%	48.99%	71.89%	54.79%	80.65%	50.63%	60.96%	52.50%	55.92%	174.56%

This table displays calculated financial ratios and metrics derived from American States Water's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.44%	14.31%	6.65%	-1.32%	-16.21%	-0.15%	12.38%	28.38%	48.68%	7.50%	-1.30%
EBITDA Growth	9.61%	5.52%	12.08%	-9.65%	-18.88%	18.41%	19.91%	68.02%	88.41%	-3.68%	-4.29%
EBIT Growth	9.82%	5.90%	13.22%	-12.17%	-21.71%	25.42%	24.58%	89.37%	120.40%	-6.36%	-5.95%
NOPAT Growth	17.26%	43.02%	8.22%	-11.04%	-24.24%	12.98%	30.59%	67.70%	110.39%	-0.40%	-3.94%
Net Income Growth	16.03%	39.20%	13.52%	-17.28%	-32.76%	9.66%	23.04%	93.08%	142.95%	-8.46%	-8.88%
EPS Growth	12.90%	38.89%	11.76%	-18.27%	-33.33%	8.00%	23.19%	92.59%	144.74%	-9.09%	-9.21%
Operating Cash Flow Growth	-1.64%	477.84%	64.37%	128.74%	557.83%	-59.93%	17.34%	-42.79%	-81.69%	-17.22%	-19.01%
Free Cash Flow Firm Growth	15.82%	49.93%	27.28%	28.44%	-5.54%	-93.47%	-105.84%	-170.19%	-138.84%	-22.24%	-15.61%
Invested Capital Growth	10.44%	8.78%	11.26%	11.29%	13.26%	17.24%	16.64%	17.76%	15.35%	10.58%	9.77%
Revenue Q/Q Growth	3.43%	-11.55%	4.16%	14.84%	8.05%	-17.48%	-3.62%	-2.49%	28.76%	-7.12%	10.09%
EBITDA Q/Q Growth	11.38%	-24.88%	6.53%	22.99%	7.21%	-20.21%	-14.13%	10.43%	56.50%	-19.20%	20.32%
EBIT Q/Q Growth	13.47%	-30.30%	7.71%	28.93%	9.41%	-25.49%	-16.44%	14.92%	75.28%	-25.98%	27.01%
NOPAT Q/Q Growth	-3.07%	-16.92%	10.11%	32.23%	18.23%	-37.13%	-9.49%	12.61%	76.32%	-27.33%	16.23%
Net Income Q/Q Growth	-5.60%	-20.65%	12.46%	37.73%	13.25%	-35.28%	-18.06%	11.96%	84.70%	-27.38%	28.59%
EPS Q/Q Growth	-6.67%	-21.05%	11.76%	37.10%	14.81%	-36.47%	-18.27%	11.83%	86.00%	-27.54%	27.78%
Operating Cash Flow Q/Q Growth	-30.16%	1.28%	157.86%	-46.07%	310.31%	-71.19%	258.83%	55.08%	-75.01%	-15.63%	74.95%
Free Cash Flow Firm Q/Q Growth	-28.60%	20.21%	0.61%	17.46%	23.64%	-15.88%	2.19%	-21.74%	-40.21%	-23.29%	-28.39%
Invested Capital Q/Q Growth	3.08%	1.06%	1.96%	3.97%	1.51%	3.37%	1.98%	5.81%	5.10%	2.84%	2.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	97.20%	56.78%	96.18%	97.72%	97.62%	-11.67%	97.30%	96.03%	94.96%	54.98%	97.48%
EBITDA Margin	38.66%	35.90%	42.28%	41.33%	38.60%	38.90%	40.23%	45.15%	39.86%	32.80%	37.70%
Operating Margin	30.77%	27.04%	34.04%	33.32%	28.82%	27.86%	34.11%	37.45%	31.70%	22.03%	29.89%
EBIT Margin	30.66%	27.95%	35.47%	34.29%	30.55%	30.17%	33.41%	38.53%	32.69%	24.02%	30.14%
Profit (Net Income) Margin	18.14%	19.87%	22.15%	20.51%	17.11%	16.32%	20.81%	24.47%	21.31%	14.86%	19.01%
Tax Burden Percent	76.03%	92.33%	78.09%	75.47%	75.78%	71.62%	76.78%	74.47%	76.19%	80.07%	75.42%
Interest Burden Percent	77.81%	77.01%	79.98%	79.27%	73.90%	75.54%	81.12%	85.28%	85.57%	77.28%	83.62%
Effective Tax Rate	23.97%	7.67%	21.91%	24.53%	24.22%	28.38%	23.22%	25.53%	23.81%	19.93%	24.58%
Return on Invested Capital (ROIC)	8.14%	8.70%	9.18%	8.70%	7.95%	7.84%	10.61%	11.25%	9.60%	6.52%	8.39%
ROIC Less NNEP Spread (ROIC-NNEP)	7.24%	7.85%	8.33%	7.85%	7.15%	7.25%	9.50%	10.49%	8.90%	5.97%	7.60%
Return on Net Nonoperating Assets (RNNOA)	7.18%	7.97%	8.55%	8.36%	7.46%	7.55%	9.42%	10.30%	8.30%	5.41%	6.64%
Return on Equity (ROE)	15.31%	16.67%	17.73%	17.06%	15.41%	15.39%	20.03%	21.55%	17.89%	11.92%	15.03%
Cash Return on Invested Capital (CROIC)	-1.21%	0.20%	-2.50%	-2.56%	-3.61%	-6.14%	-5.52%	-6.89%	-5.67%	-2.73%	-1.82%
Operating Return on Assets (OROA)	7.71%	7.01%	8.86%	8.67%	7.99%	8.40%	9.51%	10.91%	8.96%	6.00%	7.54%
Return on Assets (ROA)	4.56%	4.99%	5.53%	5.19%	4.48%	4.54%	5.92%	6.93%	5.84%	3.71%	4.76%
Return on Common Equity (ROCE)	15.31%	16.67%	17.73%	17.06%	15.41%	15.39%	20.03%	21.55%	17.89%	11.92%	15.03%
Return on Equity Simple (ROE_SIMPLE)	12.86%	0.00%	12.65%	12.84%	14.20%	0.00%	15.96%	15.52%	13.50%	0.00%	11.36%
Net Operating Profit after Tax (NOPAT)	35	36	43	39	30	25	40	44	39	22	30
NOPAT Margin	23.40%	24.97%	26.58%	25.14%	21.84%	19.95%	26.19%	27.89%	24.15%	17.64%	22.54%
Net Nonoperating Expense Percent (NNEP)	0.89%	0.85%	0.85%	0.85%	0.80%	0.59%	1.12%	0.76%	0.69%	0.55%	0.79%
Return On Investment Capital (ROIC_SIMPLE)	1.83%	1.93%	-	-	-	1.48%	-	-	-	1.54%	-
Cost of Revenue to Revenue	2.80%	43.22%	3.82%	2.28%	2.38%	111.67%	2.70%	3.97%	5.04%	45.02%	2.52%
SG&A Expenses to Revenue	25.24%	26.45%	21.77%	22.03%	25.86%	25.76%	20.71%	19.83%	20.85%	24.91%	23.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	66.43%	29.74%	62.14%	64.41%	68.80%	-39.53%	63.18%	58.58%	63.26%	32.95%	67.59%
Earnings before Interest and Taxes (EBIT)	45	40	57	53	41	38	51	61	53	30	41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	57	51	68	64	52	49	61	71	64	41	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.14	3.17	3.55	3.22	3.30	3.72	3.69	4.15	4.36	4.60	3.92
Price to Tangible Book Value (P/TBV)	3.14	3.17	3.55	3.23	3.31	3.72	3.69	4.15	4.36	4.60	3.93
Price to Revenue (P/Rev)	4.94	4.90	5.40	4.73	4.64	4.85	4.77	5.41	5.85	6.64	5.73
Price to Earnings (P/E)	24.41	24.48	28.04	25.11	23.25	23.14	23.11	26.71	32.28	41.60	34.54
Dividend Yield	2.32%	2.32%	2.11%	2.38%	2.36%	2.12%	2.11%	1.88%	1.81%	1.73%	1.99%
Earnings Yield	4.10%	4.09%	3.57%	3.98%	4.30%	4.32%	4.33%	3.74%	3.10%	2.40%	2.89%
Enterprise Value to Invested Capital (EV/IC)	2.11	2.12	2.27	2.07	2.10	2.29	2.30	2.52	2.67	2.82	2.52
Enterprise Value to Revenue (EV/Rev)	6.36	6.33	6.91	6.30	6.13	6.28	6.12	6.75	7.20	8.02	7.08
Enterprise Value to EBITDA (EV/EBITDA)	16.05	15.97	17.10	15.80	14.99	15.27	15.36	17.19	19.74	23.41	20.11
Enterprise Value to EBIT (EV/EBIT)	19.75	19.65	21.05	19.52	18.35	18.54	18.78	21.22	25.20	31.11	26.55
Enterprise Value to NOPAT (EV/NOPAT)	25.41	25.62	29.23	26.81	25.30	25.36	25.22	28.88	33.32	40.54	35.17
Enterprise Value to Operating Cash Flow (EV/OCF)	19.55	18.98	27.47	29.66	32.79	55.30	43.23	49.71	45.21	33.47	27.67
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1,083.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.98	1.01	1.07	1.12	1.14	1.17	1.10	1.09	1.06	1.02	0.98
Long-Term Debt to Equity	0.83	0.88	0.86	0.92	1.09	1.12	1.05	1.09	0.82	0.66	0.64
Financial Leverage	0.99	1.02	1.03	1.07	1.04	1.04	0.99	0.98	0.93	0.91	0.87
Leverage Ratio	2.75	2.80	2.80	2.83	2.84	2.88	2.84	2.82	2.80	2.82	2.79
Compound Leverage Factor	2.14	2.16	2.24	2.24	2.10	2.18	2.30	2.41	2.40	2.18	2.33
Debt to Total Capital	49.56%	50.26%	51.60%	52.88%	53.29%	53.95%	52.41%	52.05%	51.54%	50.52%	49.40%
Short-Term Debt to Total Capital	7.56%	6.72%	9.76%	9.46%	2.53%	2.51%	2.30%	0.03%	11.66%	17.85%	17.14%
Long-Term Debt to Total Capital	41.99%	43.54%	41.84%	43.42%	50.76%	51.44%	50.10%	52.03%	39.88%	32.67%	32.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.44%	49.74%	48.40%	47.12%	46.71%	46.05%	47.59%	47.95%	48.46%	49.48%	50.60%
Debt to EBITDA	3.90	3.94	4.02	4.14	3.92	3.71	3.58	3.60	3.91	4.30	4.05
Net Debt to EBITDA	3.60	3.61	3.74	3.92	3.65	3.48	3.38	3.42	3.71	4.05	3.84
Long-Term Debt to EBITDA	3.30	3.41	3.26	3.40	3.73	3.54	3.42	3.60	3.03	2.78	2.65
Debt to NOPAT	6.17	6.31	6.86	7.02	6.61	6.16	5.87	6.06	6.60	7.45	7.08
Net Debt to NOPAT	5.70	5.79	6.39	6.65	6.17	5.78	5.55	5.75	6.26	7.01	6.71
Long-Term Debt to NOPAT	5.23	5.47	5.57	5.76	6.30	5.87	5.61	6.05	5.11	4.82	4.63
Altman Z-Score	1.72	1.37	1.80	1.65	1.70	1.52	1.86	2.07	2.01	1.62	1.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.81	0.82	0.69	0.70	1.15	1.24	0.98	1.20	0.45	0.38	0.37
Quick Ratio	0.45	0.49	0.42	0.41	0.67	0.77	0.64	0.72	0.29	0.23	0.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-139	-108	-135	-136	-165	-216	-186	-190	-156	-112	-90
Operating Cash Flow to CapEx	66.69%	110.32%	99.26%	40.01%	96.34%	21.30%	81.62%	27.47%	14.12%	63.07%	72.58%
Free Cash Flow to Firm to Interest Expense	-11.50	-9.68	-10.24	-10.37	-12.84	-19.86	-15.92	-17.74	-16.49	-14.33	-12.34
Operating Cash Flow to Interest Expense	3.73	5.78	4.82	1.88	3.56	1.03	3.31	1.01	0.73	3.58	4.51
Operating Cash Flow Less CapEx to Interest Expense	-1.86	0.54	-0.04	-2.82	-0.14	-3.80	-0.75	-2.66	-4.47	-2.10	-1.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.25	0.25	0.25	0.26	0.28	0.28	0.28	0.27	0.25	0.25
Accounts Receivable Turnover	5.72	5.25	4.93	5.19	5.97	5.97	5.91	6.46	6.72	5.40	5.41
Inventory Turnover	4.77	4.57	4.08	3.82	4.14	9.83	5.05	4.95	5.07	4.97	7.69
Fixed Asset Turnover	0.30	0.30	0.30	0.30	0.31	0.33	0.33	0.33	0.32	0.29	0.29
Accounts Payable Turnover	1.10	0.95	0.90	0.90	0.99	2.06	1.06	1.04	1.07	0.88	1.32
Days Sales Outstanding (DSO)	63.84	69.56	74.08	70.34	61.11	61.11	61.73	56.46	54.29	67.56	67.52
Days Inventory Outstanding (DIO)	76.50	79.82	89.45	95.60	88.26	37.13	72.25	73.69	71.98	73.44	47.44
Days Payable Outstanding (DPO)	331.05	383.78	407.04	403.60	367.31	177.06	345.42	350.59	339.69	413.32	276.28
Cash Conversion Cycle (CCC)	-190.70	-234.40	-243.51	-237.67	-217.94	-78.83	-211.44	-220.44	-213.42	-272.32	-161.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,836	1,781	1,762	1,728	1,662	1,637	1,584	1,553	1,468	1,396	1,358
Invested Capital Turnover	0.35	0.35	0.35	0.35	0.36	0.39	0.41	0.40	0.40	0.37	0.37
Increase / (Decrease) in Invested Capital	174	144	178	175	195	241	226	234	195	134	121
Enterprise Value (EV)	3,871	3,772	3,993	3,572	3,493	3,743	3,648	3,910	3,921	3,943	3,420
Market Capitalization	3,002	2,919	3,120	2,686	2,642	2,890	2,845	3,131	3,184	3,262	2,768
Book Value per Share	$25.07	$24.34	$23.48	$22.39	$21.62	$20.99	$20.86	$20.42	$19.77	$19.20	$19.09
Tangible Book Value per Share	$25.07	$24.34	$23.45	$22.36	$21.59	$20.99	$20.83	$20.39	$19.74	$19.17	$19.06
Total Capital	1,896	1,850	1,817	1,769	1,714	1,686	1,621	1,575	1,508	1,434	1,394
Total Debt	940	930	938	935	913	909	849	820	777	724	689
Total Long-Term Debt	796	805	760	768	870	867	812	819	601	469	450
Net Debt	869	853	873	886	851	852	803	779	737	682	652
Capital Expenditures (CapEx)	68	58	64	62	48	52	47	39	49	44	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	46	62	74	53	68	25	27	5.78	4.67	2.25
Debt-free Net Working Capital (DFNWC)	87	72	78	78	70	82	34	28	7.90	11	4.51
Net Working Capital (NWC)	-56	-52	-99	-90	27	39	-3.32	28	-168	-245	-234
Net Nonoperating Expense (NNE)	7.79	7.29	7.17	7.19	6.40	4.55	8.17	5.38	4.58	3.48	4.77
Net Nonoperating Obligations (NNO)	879	861	883	895	862	861	812	798	737	687	652
Total Depreciation and Amortization (D&A)	12	11	11	11	11	11	10	10	12	11	10
Debt-free, Cash-free Net Working Capital to Revenue	10.87%	7.65%	10.71%	13.07%	9.28%	11.35%	4.27%	4.73%	1.06%	0.95%	0.47%
Debt-free Net Working Capital to Revenue	14.36%	12.13%	13.56%	13.71%	12.27%	13.72%	5.71%	4.90%	1.45%	2.17%	0.93%
Net Working Capital to Revenue	-9.22%	-8.76%	-17.15%	-15.79%	4.66%	6.61%	-0.56%	4.83%	-30.86%	-49.89%	-48.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.70	$0.75	$0.95	$0.85	$0.62	$0.55	$0.85	$1.04	$0.93	$0.51	$0.69
Adjusted Weighted Average Basic Shares Outstanding	38.25M	37.46M	37.56M	37.31M	37.03M	36.98M	36.98M	36.98M	36.97M	36.96M	36.96M
Adjusted Diluted Earnings per Share	$0.70	$0.75	$0.95	$0.85	$0.62	$0.54	$0.85	$1.04	$0.93	$0.50	$0.69
Adjusted Weighted Average Diluted Shares Outstanding	38.35M	37.58M	37.68M	37.42M	37.11M	37.08M	37.07M	37.07M	37.05M	37.04M	37.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.51M	38.16M	37.80M	37.46M	37.23M	36.99M	36.98M	36.98M	36.98M	36.97M	36.96M
Normalized Net Operating Profit after Tax (NOPAT)	35	36	43	39	30	25	40	44	39	22	30
Normalized NOPAT Margin	23.40%	24.97%	26.58%	25.14%	21.84%	19.95%	26.19%	27.89%	24.15%	17.64%	22.54%
Pre Tax Income Margin	23.85%	21.52%	28.37%	27.18%	22.57%	22.79%	27.10%	32.86%	27.98%	18.56%	25.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.76	3.58	4.34	4.05	3.21	3.48	4.33	5.65	5.57	3.87	5.55
NOPAT to Interest Expense	2.87	3.20	3.25	2.97	2.30	2.30	3.40	4.09	4.11	2.84	4.15
EBIT Less CapEx to Interest Expense	-1.84	-1.66	-0.51	-0.65	-0.48	-1.35	0.27	1.99	0.36	-1.81	-0.66
NOPAT Less CapEx to Interest Expense	-2.73	-2.04	-1.60	-1.73	-1.40	-2.53	-0.66	0.43	-1.09	-2.84	-2.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.01%	56.19%	58.68%	59.57%	54.91%	48.99%	48.72%	50.15%	58.36%	71.89%	68.83%
Augmented Payout Ratio	56.01%	56.19%	58.68%	59.57%	54.91%	48.99%	48.72%	50.15%	58.36%	71.89%	68.83%

Frequently Asked Questions About American States Water's Financials

When does American States Water's fiscal year end?

According to the most recent income statement we have on file, American States Water's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has American States Water's net income changed over the last 9 years?

American States Water's net income appears to be on an upward trend, with a most recent value of $119.27 million in 2024, rising from $60.48 million in 2015. The previous period was $124.92 million in 2023. Find out what analysts predict for American States Water in the coming months.

What is American States Water's operating income?

American States Water's total operating income in 2024 was $184.48 million, based on the following breakdown:

Total Gross Profit: $520.66 million
Total Operating Expenses: $336.18 million

How has American States Water revenue changed over the last 9 years?

Over the last 9 years, American States Water's total revenue changed from $458.64 million in 2015 to $595.46 million in 2024, a change of 29.8%.

How much debt does American States Water have?

American States Water's total liabilities were at $1.58 billion at the end of 2024, a 7.5% increase from 2023, and a 77.5% increase since 2015.

How much cash does American States Water have?

In the past 9 years, American States Water's cash and equivalents has ranged from $214 thousand in 2017 to $36.74 million in 2020, and is currently $26.66 million as of their latest financial filing in 2024.

How has American States Water's book value per share changed over the last 9 years?

Over the last 9 years, American States Water's book value per share changed from 12.69 in 2015 to 24.34 in 2024, a change of 91.9%.

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This page (NYSE:AWR) was last updated on 5/22/2025 by MarketBeat.com Staff

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American States Water (AWR) Financials

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American States Water (AWR) Financials

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