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American States Water AWR Advances for construction

Advances for construction at other companies

AWK
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$435M+13.6%
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$285M
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$1.1M

Other financials

Income statement

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Revenue$181.3M+11.2%
Gross profit$149.4M+10.5%
Operating income$64.0M+25.5%
Net income$43.3M+28.4%
EPS (diluted)$1.09+25.3%

Balance sheet

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Cash & equivalents$21.7M+7.0%
Total debt$725.3M-9.0%
Total equity$1.1B+15.3%
Total assets$2.8B+6.3%

Cash flow

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Operating cash flow$44.9M-30.4%
CapEx$48.5M-4.7%
Free cash flow$22.6M+200%

Valuation

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Market cap$3.4B+18.6%
Enterprise value$4.1B+12.6%
P/E23.7×+0.8×
P/S4.9×+0.2×

Profitability

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Gross margin90.8%0.0pp
Operating margin31.8%+1.0pp
Net margin20.5%+0.3pp
FCF margin-13.9%-1.6pp

Returns & leverage

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Return on equity13.7%-0.2pp
Debt / equity0.6×-0.2×
Current ratio-0.6×

Where this comes from

Reported directly by American States Water in its filing.

Tagged under the XBRL concept awr:AdvancesForConstruction.

The source filing: American States Water’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:26 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053401
(in thousands, except number of shares)June 30,2026December 31,2025
Total current liabilities231,106174,612
Other Credits
Notes payable to banks119,000141,000
Advances for construction80,92677,976
Contributions in aid of construction – net182,369179,277
Deferred income taxes199,215194,121
Regulatory liabilities61,91960,205
Unamortized investment tax credits839873

Item 1. Financial Statements

FAQ

What is American States Water's advances for construction?
American States Water (AWR) reported advances for construction of $80.93M in Q2 2026.
How has American States Water's advances for construction changed year-over-year?
American States Water's advances for construction increased by 8.6% year-over-year, from $74.54M to $80.93M.
What is the long-term trend for American States Water's advances for construction?
Over 5 years (2020 to 2025), American States Water's advances for construction has grown at a 4.2% compound annual growth rate (CAGR), from $63.37M to $77.98M.
What does advances for construction mean?
Represents funds received from developers or customers to cover the cost of extending utility infrastructure to new service areas. These advances are typically refundable over time based on the revenue generated by the new connections or are credited against future service costs. This metric serves as a proxy for future growth in the customer base and infrastructure expansion activity.

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