Filing Flows

Filing Flows › Companies › American States Water › Cash flow

American States Water cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$3.6M in Q2 2026 · $20.7M over twelve months

Operating cash flow$44.9M
Capital spending−$48.5M
Free cash flow−$3.6M
Cash / net income1.0×
Cash conversion cycle-411 days

Analysis

In Q2 2026, American States Water generated $44.9M of operating cash flow and spent $48.5M on capital projects, leaving free cash flow of −$3.6M. That is $17.3M less than in Q2 2025 ($13.7M).

Over the twelve months to Jun 30, 2026, operating cash flow was $237M; the largest uses were capital spending ($216M), dividends ($78.5M), other financing ($20.3M); besides operations, cash came from shares issued ($81.3M), other investing ($3K); the cash balance rose by $1.4M.

Operating cash flow was $44.9M against net income of $43.3M — 1.0× profit, roughly in line with earnings. The largest differences: income taxes payable −$13.5M, depreciation & amortization +$13.1M, payables −$3.1M.

Its cash conversion cycle was -411 days (receivables 20 + inventory 0 − payables 432): suppliers fund its working capital.

Free cash flow

American States Water: free cash flow by quarterAmerican States Water: free cash flow by quarter−$478KQ3 2024$6.0MQ4 2024−$22.5MQ1 2025$13.7MQ2 2025$37.7MQ3 2025−$36.0MQ4 2025$22.6MQ1 2026−$3.6MQ2 2026
Operating cash flow less capital spending.
American States Water: operating cash flow against capital spendingAmerican States Water: operating cash flow against capital spendingOperating cash flowCapital spending$63.7M$64.2MQ3 2024$64.5M$58.5MQ4 2024$45.1M$67.6MQ1 2025$64.6M$50.9MQ2 2025$92.4M$54.6MQ3 2025$27.7M$63.7MQ4 2025$71.6M$49.1MQ1 2026$44.9M$48.5MQ2 2026
Latest (Q2 2026): Operating cash flow $44.9M, Capital spending $48.5M.

Capital allocation, year by year

American States Water: where the cash came from (up) and went (down), by fiscal yearAmerican States Water: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingDividendsFY2021: Operating cash flow $116MFY2021: Net borrowing −$28.4MFY2021: Asset sales $565KFY2021: Capital spending −$145MFY2021: Dividends −$51.7M$116MFY2021FY2022: Operating cash flow $118MFY2022: Net borrowing $34.4MFY2022: Asset sales $59KFY2022: Capital spending −$166MFY2022: Dividends −$56.4M$152MFY2022FY2023: Operating cash flow $67.7MFY2023: Net borrowing $129MFY2023: Capital spending −$189MFY2023: Dividends −$61.2M$197MFY2023FY2024: Operating cash flow $199MFY2024: Net borrowing $64.2MFY2024: Shares issued $88.8MFY2024: Capital spending −$232MFY2024: Dividends −$67.0M$352MFY2024FY2025: Operating cash flow $230MFY2025: Net borrowing $149MFY2025: Shares issued $67.1MFY2025: Capital spending −$237MFY2025: Dividends −$74.7M$446MFY2025
Over these 5 years operating cash flow totalled $730M; the largest uses were capital spending ($968M) and dividends ($311M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$21.7M
Debt$726M
Net debt$704M
Due within a year$8.2M

American States Water funds itself: free cash flow was $20.7M over the last twelve months, and $21.7M of cash and investments stands against $726M of debt ($8.2M due within a year, 2.6× covered by cash).

Where the cash came from and went

American States Water: sources (+) and uses (−) of cash, Q2 2026American States Water: sources (+) and uses (−) of cash, Q2 2026Capital spending−$48.5MOperating cash flow$44.9MShares issued$33.6MDividends−$19.8MOther financing−$11.3MOther investing$674KCash drawn (+) / kept (−)$498KNet borrowing (+) / repaid (−)−$161KTaxes on employees’ shares−$3K
American States Water: sources (+) and uses (−) of cash, TTM to Q2 2026American States Water: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$237MCapital spending−$216MShares issued$81.3MDividends−$78.5MOther financing−$20.3MCash drawn (+) / kept (−)−$1.4MTaxes on employees’ shares−$1.4MNet borrowing (+) / repaid (−)−$502KOther investing$3K

From profit to cash

American States Water: net income to operating cash flow, Q2 2026American States Water: net income to operating cash flow, Q2 2026Net income$43.3MDepreciation & amortization$13.1MStock-based pay$321KDeferred taxes$1.8MOther non-cash$159KReceivables−$2.6MPayables−$3.1MDeferred revenue−$939KContract assets$2.9MPrepaid and other assets$2.8MOther liabilities−$2.4MIncome taxes payable−$13.5MOperating cash flow$44.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202620—432-411
Q1 202621—429-409
Q4 202524—422-398
Q3 202522—439-417
Q2 202521—508-486
Q1 202522—544-522
Q4 202426—698-671
Q3 202424—582-558

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$44.9M−$48.5M−$19.8M−$161K$33.6M$498K−$3.6M
Q1 2026$71.6M−$49.1M−$19.7M−$124K$6.2M−$3.3M$22.6M
Q4 2025$27.7M−$63.7M−$19.6M—$26.8M$7.2M−$36.0M
Q3 2025$92.4M−$54.6M−$19.4M−$217K$14.6M−$5.8M$37.7M
Q2 2025$64.6M−$50.9M−$17.9M$99.3M−$125K$982K$13.7M
Q1 2025$45.1M−$67.6M−$17.8M$49.7M$25.7M$5.4M−$22.5M
Q4 2024$64.5M−$58.5M−$17.6M—$29.5M−$10.2M$6.0M
Q3 2024$63.7M−$64.2M−$17.5M−$163K$26.9M−$12.9M−$478K

American States Water: income statement and cash flow

American States Water, Q3 2026: revenue $193M (+5% year over year), operating margin 35.0%. The chart follows the revenue to costs, profit and cash.

American States Water: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.