Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $436M | $441M | $437M | $474M | $488M | $499M | $492M | $596M | $595M | $658M |
| Revenue growth | — | 1.0% | -0.9% | 8.5% | 3.0% | 2.2% | -1.5% | 21.2% | -0.0% | 10.5% |
| Operating income | $114M | $127M | $101M | $127M | $130M | $141M | $127M | $197M | $184M | $203M |
| Operating margin | 26.2% | 28.8% | 23.1% | 26.8% | 26.7% | 28.3% | 25.8% | 33.0% | 31.0% | 30.9% |
| Net income | $59.7M | $69.4M | $63.9M | $84.3M | $86.4M | $94.3M | $78.4M | $125M | $119M | $130M |
| Net margin | 13.7% | 15.7% | 14.6% | 17.8% | 17.7% | 18.9% | 15.9% | 21.0% | 20.0% | 19.8% |
| EPS (diluted) | $1.62 | $1.88 | $1.72 | $2.28 | $2.33 | $2.55 | $2.11 | $3.36 | $3.17 | $3.37 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $96.9M | $145M | $137M | $117M | $122M | $116M | $118M | $67.7M | $199M | $230M |
| Capital expenditures | $130M | $113M | $127M | $152M | $130M | $145M | $166M | $189M | $232M | $237M |
| Free cash flow | -$32.9M | $31.4M | $10.2M | -$35.1M | -$8.25M | -$28.9M | -$48.4M | -$121M | -$33.2M | -$7.09M |
| Share buybacks | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Dividends paid | $33.4M | $36.4M | $38.9M | $42.7M | $47.2M | $51.7M | $56.4M | $61.2M | $67.0M | $74.7M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $436K | $214K | $7.14M | $1.33M | $36.7M | $4.96M | $6.00M | $14.1M | $26.7M | $18.8M |
| Total assets | $1.47B | $1.42B | $1.50B | $1.64B | $1.79B | $1.90B | $2.03B | $2.25B | $2.50B | $2.72B |
| Long-term debt | $321M | $321M | $281M | $281M | $440M | $412M | $447M | $576M | $640M | $783M |
| Shareholders' equity | $494M | $530M | $558M | $602M | $642M | $686M | $710M | $776M | $920M | $1.05B |
| Retained earnings | $247M | $280M | $305M | $346M | $385M | $428M | $449M | $513M | $565M | $620M |
| Shares (wtd avg diluted) | 36.8M | 36.8M | 36.9M | 37.0M | 37.0M | 37.0M | 37.0M | 37.1M | 37.6M | 38.7M |
Every figure is extracted from AMERICAN STATES WATER CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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