FILED

7-14-15
04:59 PM

A1507019

APPENDIX A

California-American Water Company

(a wholly-owned subsidiary of
American Water Works Company, Inc.)
Financial Statements
May 31, 2015
(Unaudited)

CALIFORNIA-AMERICAN WATER COMPANY

Statement of Operation (Unaudited)
Five Months ended May 31, 2015 and 2014
(Dollars in thousands)

Five Months Ended

May 31
2015
2014
Actual
Actual
Operating revenues

73,736

75,479

Operating expenses
Operation and maintenance
Depreciation
Amortization
General taxes
Gain on disposition of property
Total operating expenses

41,845
7,032
(1,780)
2,757
(419)
49,435

49,883
7,585
1,026
2,808
23
61,325

Operating income

24,301

14,154

Other deductions(income)
Interest on long-term debt
Interest on short-term debt to affiliate
Other interest, net
AFUDC
Amortization of debt expense
Other (income)/deductions, net
Total other net deductions

6,105
89
47
(1,323)
82
(1,280)
3,721

5,942
62
(301)
(291)
75
3,197
8,682

Income(loss) before income taxes

20,580

5,472

8,520

2,221

Income tax benefit (provision)

Net income(loss)

12,060

3,251

CALIFORNIA-AMERICAN WATER COMPANY

Balance Sheets (Unaudited)
As of May 31, 2015 and December 31, 2014
(Dollars in thousands)

Assets

Utility Plant in Service

Construction Work in Progress
Utility Plant Accumulated Depreciation/Amortization
Total Utility Plant Adjustments
Utility property net of accumulatd depreciation
Nonutility property net of accumulatd depreciation
Total Property Plant and Equipment
Cash and Cash Equivalents
Restricted funds-current
Accounts receivable net
Unbilled Revenues
Materials and supplies
Prepaid other
Assets of discontinued operations
Other Current Assets
Total Current Assets
Regulatory assets
Other investments
Restricted Funds - Long-term
Goodwill
Intangible assets
Other Long Term Assets
Total Regulatory & Other L/T Assets

Total Assets

Actuals

Dec 2014

841,330
65,017
(257,826)
1,843
650,364
1,784
652,148

818,108
60,292
(252,515)
1,888
627,773
1,743
629,516

(3,143)
0
12,838
8,641
806
0
0
1,576
20,718

(3,300)
0
12,966
8,338
734
0
0
1,364
20,102

210,394
0
13
260
0
6,859
217,526

205,683
0
12
260
0
7,791
213,747

890,393

863,365

CALIFORNIA-AMERICAN WATER COMPANY

Balance Sheets (Unaudited)
As of May 31, 2015 and December 31, 2014
(Dollars in thousands)

Actuals

Capital & Liabilities

Common Stock
Paid in Capital
Retained Earnings
Accumulated other comprehensive income
Treasury stock
Total Stockholders' equity
Preferred Stock without mandatory redemption requirements
Noncontrolling Interest
Total Equity
Long term debt
Redeemable preferred stock at redemption value
Total Long-term debt
Total Capitalization
Short Term Debt
Current Portion of Long-term Debt
Current portion of redeemable stock at redemption v
Accounts Payable
Accrued purchased water
Taxes Accrued
Interest Accrued
Liabilities of Discontinued Operations
Other current liabilities
Total Current Liabilities
Customer Advances for Construction
Deferred Income Taxes
Deferred Investment tax credits
Regulatory liability
Accrued Pension
Accrued postretirement benefit expense
Other Deferred Credits
Regulatory & Other Long Term Liabilities
Contributions in aid of construction

Total Capital and Liabilities

Dec 2014

92,478
167,667
64,229
0
0
324,374
0
0
324,374
269,018
0
269,018
593,391

92,478
167,548
55,720
0
0
315,746
0
0
315,746
269,014
0
269,014
584,760

45,764
1
0
12,492
0
2,704
5,847
0
14,994
81,801

28,025
1
0
18,942
0
1,743
1,713
0
22,716
73,140

15,322
98,243
571
36,342
(6,028)
863
3,095
148,409

15,164
91,217
605
34,389
(6,308)
917
3,637
139,620

66,792

65,844

890,393

863,365

CALIFORNIA-AMERICAN WATER
MONTEREY COUNTY DISTRICT
SUMMARY OF EARNINGS - DOLLARS IN THOUSANDS
2015
'13 GRC
D.15-04-007

Line
No.

Operating Revenues
Water Service

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Operating Expenses
Payroll
Purchased Water
Purchased Power
Chemicals
Uncollectibles
Other Operating Expense
T&D Reservoirs & Tanks
Other Maintenance Expense
Insurance
Pensions & Benefits
Regulatory Expense
Outside Services
Rents
Misc General Expense
Other Admin & General
Allocated General Office Expense
Earnings Test Adjustment
Acquisition Premium
Depreciation
Ad Valorem Taxes
Franchise Fees
Payroll Taxes
State Income Taxes
Federal Income Taxes

26
27
28
29
30

Total Expenses
Net Operating Revenue
Adjusted Net Operating Revenue
Rate Base
Rate of Return

53,205.4

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

5,541.0
56.7
2,302.8
515.7
3,500.6
1,221.1
468.5
2,549.2
15.4
240.3
0.8
523.9
500.8
1,930.5
80.5
8,705.4

$
$
$
$
$
$
$

788.4
6,548.2
1,483.4
382.6
1,026.3
3,308.2

$
$

41,690.3
11,515.1

$ 136,896.9
8.41%