California Water Service Group Annual Report 2005

Consolidated Balance Sheets
California Water Service Group

CUSTOMERS

Capitalization and Liabilities			2005	2004
Capitalization:
	Common stock, $0.01 par value; 25,000 shares authorized,		$184	$184
		18,390 and 18,367, outstanding in 2005 and 2004, respectively
	Additional pain-in capital		131,991	131,271
	Retained earnings		162,968	156,851
	Accumulated other comprehensive loss		(1,202)	(701)
		Total common stockholders' equity	293,941	287,605
	Preferred stock without mandatory redemption provision, $25 par value;
		380 shares authorized, 139 shares outstanding	3,475	3,475
	Long-term debt, less current maturities		274,142	274,821
		Total capitalization	571,558	565,901
Current liabilities:
	Current maturities of long-term debt		1,133	1,100
	Accounts payable		36,120	19,745
	Accrued taxes		1,791	1,912
	Accrued interest		2,715	2,676
	Other accrued liabilities		35,057	31,779
		Total current liabilities	76,816	57,212
Unamortized investment tax credits			2,615	2,721
Deferred income taxes			63,920	54,826
Regulatory liabilities			18,782	18,811
Advances for Construction			141,842	131,292
Contributions in Aid of construction			99,958	94,915
Other long-term liabilities			21,454	17,175
Commitments and contingencies			--	--
			$996,945	$942,853

See accompanying Notes to Consolidated Financial Statements
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