On Feb. 28, California Water Service
- Revenues increased by 3.6%, primarily driven by increased rates and sales to new customers.
- The company paid a quarterly dividend of $0.29 per common share on Feb. 16.
- Net profits increased by 10%, boosted by higher revenues and lower tax rates.
- EPS fell by 3.1% to $0.31. The rise in net profit was more than offset by the 10.9% rise in diluted share count to 20.4 million.
- The company expects that the regulatory climate in California will continue to improve as the California Public Utilities Commission implements its Water Action Plan.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$80,644.0 |
$77,840.0 |
3.6% |
Net Profit |
$6,419.0 |
$5,837.0 |
10.0% |
EPS |
$0.31 |
$0.32 |
(3.1%) |
Diluted Shares |
20,408.0 |
18,409.0 |
10.9% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
No Data |
No Data |
No Data |
Operating Margin |
12.0% |
11.4% |
0.6 |
Net Margin |
8.0% |
7.5% |
0.5 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$60,312.0 |
$9,533.0 |
532.7% |
Accounts Rec. |
$19,526.0 |
$16,061.0 |
21.6% |
Inventory |
No Data |
No Data |
No Data |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$33,130.0 |
$36,120.0 |
(8.3%) |
Long-Term Debt |
$291,814.0 |
$274,142.0 |
6.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Data not available. Lame.
Find out why Fools always follow the money.
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Related Foolishness:
California Water Service is a Motley Fool Income Investor recommendation. Find more dividend superstars with a free 30-day trial of James Early's low-risk, high-reward newsletter service.
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