CALIFORNIA WATER SERVICE GROUP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $963.7M | $905.6M | $790.3M | $772.6M | $765.7M | $697.6M | $664.4M | $674.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $141.6M | $139.5M | $142.2M | $132.7M | $126.7M | $117.1M | $108.6M | $100.8M |
| Operating Income | $170.4M | $225.1M | $77.1M | $127.7M | $126.8M | $136.7M | $99.4M | $110.5M |
| Operating Margin | 17.7% | 24.9% | 9.8% | 16.5% | 16.6% | 19.6% | 15.0% | 16.4% |
| Interest Expense | — | — | $52.8M | $46.7M | $45.0M | $45.0M | $44.9M | $39.9M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $19.1M | $42.5M | $-6.8M | $6.4M | $4.1M | $12.0M | $17.7M | $15.9M |
| Net Income | $128.2M | $190.8M | $51.9M | $96.0M | $101.1M | $96.8M | $63.1M | $65.6M |
| Net Margin | 13.3% | 21.1% | 6.6% | 12.4% | 13.2% | 13.9% | 9.5% | 9.7% |
| EPS (Basic) | $2.15 | $3.26 | $0.91 | $1.77 | $1.96 | $1.97 | $1.31 | $1.36 |
| EPS (Diluted) | $2.15 | $3.25 | $0.91 | $1.77 | $1.96 | $1.97 | $1.31 | $1.36 |
| Shares Outstanding (Basic) | 59.6M | 58.6M | 57.0M | 54.3M | 51.6M | 49.3M | 48.2M | 48.1M |
| Shares Outstanding (Diluted) | 59.6M | 58.6M | 57.0M | 54.4M | 51.6M | 49.3M | 48.2M | 48.1M |
| Dividends Per Share | $1.24 | $1.12 | $1.04 | $1.00 | $0.92 | $0.85 | $0.79 | $0.75 |