2011 Q2 Form 10-Q Financial Statement

#000076682911000036 Filed on August 08, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $59.00M $54.10M
YoY Change 9.06% -7.04%
Cost Of Revenue $6.700M $7.800M
YoY Change -14.1% -30.97%
Gross Profit $52.30M $46.30M
YoY Change 12.96% -1.28%
Gross Profit Margin 88.64% 85.58%
Selling, General & Admin $9.700M $8.600M
YoY Change 12.79% 24.64%
% of Gross Profit 18.55% 18.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.100M $7.100M
YoY Change 14.08% 14.52%
% of Gross Profit 15.49% 15.33%
Operating Expenses $38.50M $35.00M
YoY Change 10.0% -2.51%
Operating Profit $13.78M $11.35M
YoY Change 21.5% 3.14%
Interest Expense $4.682M -$3.900M
YoY Change -220.05% 5.41%
% of Operating Profit 33.97% -34.38%
Other Income/Expense, Net $106.0K $150.0K
YoY Change -29.33% 50.0%
Pretax Income $9.268M $7.617M
YoY Change 21.68% 2.93%
Income Tax $3.817M $3.101M
% Of Pretax Income 41.18% 40.71%
Net Earnings $5.451M $4.516M
YoY Change 20.7% 2.64%
Net Earnings / Revenue 9.24% 8.35%
Basic Earnings Per Share $0.29 $0.24
Diluted Earnings Per Share $0.29 $0.24
COMMON SHARES
Basic Shares Outstanding 18.58M shares 18.53B shares
Diluted Shares Outstanding 18.78M shares 18.74B shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.40M $3.500M
YoY Change 1197.14% -27.08%
Cash & Equivalents $45.36M $3.495M
Short-Term Investments
Other Short-Term Assets $19.10M $45.60M
YoY Change -58.11% 151.93%
Inventory $1.000M $1.000M
Prepaid Expenses $1.381M
Receivables $15.37M $13.80M
Other Receivables $3.000M $500.0K
Total Short-Term Assets $83.81M $64.40M
YoY Change 30.15% 55.18%
LONG-TERM ASSETS
Property, Plant & Equipment $79.36M $750.0M
YoY Change -89.42% 7.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.200M $39.30M
YoY Change -81.68% -2.96%
Other Assets $3.657M $86.20M
YoY Change -95.76% 8.98%
Total Long-Term Assets $103.5M $888.6M
YoY Change -88.36% 7.2%
TOTAL ASSETS
Total Short-Term Assets $83.81M $64.40M
Total Long-Term Assets $103.5M $888.6M
Total Assets $1.000B $953.0M
YoY Change 4.96% 9.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.765M $18.00M
YoY Change -45.75% 73.08%
Accrued Expenses $16.80M $17.00M
YoY Change -1.18% -3.95%
Deferred Revenue
YoY Change
Short-Term Debt $6.800M $11.90M
YoY Change -42.86% 296.67%
Long-Term Debt Due $1.119M $1.100M
YoY Change 1.73% 57.14%
Total Short-Term Liabilities $39.36M $55.00M
YoY Change -28.43% 48.65%
LONG-TERM LIABILITIES
Long-Term Debt $344.8M $296.3M
YoY Change 16.37% 20.35%
Other Long-Term Liabilities $6.176M $247.2M
YoY Change -97.5% 2.62%
Total Long-Term Liabilities $351.0M $543.5M
YoY Change -35.42% 11.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.36M $55.00M
Total Long-Term Liabilities $351.0M $543.5M
Total Liabilities $390.4M $701.2M
YoY Change -44.33% 12.59%
SHAREHOLDERS EQUITY
Retained Earnings $219.2M
YoY Change
Common Stock $33.62M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $255.1M $251.8M
YoY Change
Total Liabilities & Shareholders Equity $1.000B $953.0M
YoY Change 4.96% 9.49%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $5.451M $4.516M
YoY Change 20.7% 2.64%
Depreciation, Depletion And Amortization $8.100M $7.100M
YoY Change 14.08% 14.52%
Cash From Operating Activities $18.20M $11.20M
YoY Change 62.5% -11.11%
INVESTING ACTIVITIES
Capital Expenditures -$17.30M -$23.70M
YoY Change -27.0% 74.26%
Acquisitions
YoY Change
Other Investing Activities -$1.700M -$2.000M
YoY Change -15.0%
Cash From Investing Activities -$18.80M -$25.70M
YoY Change -26.85% 87.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 43.70M 16.20M
YoY Change 169.75% 390.91%
NET CHANGE
Cash From Operating Activities 18.20M 11.20M
Cash From Investing Activities -18.80M -25.70M
Cash From Financing Activities 43.70M 16.20M
Net Change In Cash 43.10M 1.700M
YoY Change 2435.29% -22.73%
FREE CASH FLOW
Cash From Operating Activities $18.20M $11.20M
Capital Expenditures -$17.30M -$23.70M
Free Cash Flow $35.50M $34.90M
YoY Change 1.72% 33.21%

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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
783000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Payments To Acquire Water Systems
PaymentsToAcquireWaterSystems
28289000 USD
us-gaap Payments To Acquire Water Systems
PaymentsToAcquireWaterSystems
38507000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2010Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
50213000 USD
CY2011Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
51923000 USD
CY2011Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1381000 USD
CY2010Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1473000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
2769000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
2746000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
22267000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
290000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
262000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
30850000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10600000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
27733000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
0 USD
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
43000 USD
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
0 USD
CY2010Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1036909000 USD
CY2011Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1070526000 USD
CY2011Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
79363000 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80089000 USD
CY2010Q4 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
989000 USD
CY2011Q2 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
972000 USD
CY2011Q2 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
336866000 USD
CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
322102000 USD
CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
10103000 USD
CY2011Q2 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
17912000 USD
CY2011Q2 us-gaap Public Utilities Property Plant And Equipment Land
PublicUtilitiesPropertyPlantAndEquipmentLand
8579000 USD
CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Land
PublicUtilitiesPropertyPlantAndEquipmentLand
8579000 USD
CY2011Q2 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
733660000 USD
CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
714807000 USD
CY2011Q2 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
1029305000 USD
CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
1004689000 USD
CY2011Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
9692000 USD
CY2010Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
8854000 USD
CY2010Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
88943000 USD
CY2011Q2 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
17718000 USD
CY2010Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
12717000 USD
us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
94539000 USD
CY2010Q2 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
54128000 USD
CY2011Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
89055000 USD
us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
102703000 USD
CY2011Q2 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
59007000 USD
CY2011Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
87721000 USD
CY2010Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
87721000 USD
us-gaap Repayments Of Advances For Construction
RepaymentsOfAdvancesForConstruction
1010000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
24800000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
391000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
736000 USD
CY2011Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
219155000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
219568000 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
255148000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
255032000 USD
CY2010Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
42783000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
83318000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
77857000 USD
CY2011Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
45223000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
15586000 USD
CY2010Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
7070000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
14181000 USD
CY2011Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
7792000 USD
CY2011Q2 us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
3476000 USD
us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
6524000 USD
CY2010Q2 us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
3289000 USD
us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
6065000 USD
CY2010Q2 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
2568000 USD
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
5106000 USD
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
5412000 USD
CY2011Q2 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
2820000 USD
CY2010Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
1584000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
2728000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
2387000 USD
CY2011Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
1373000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
3763000 USD
CY2010Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
2060000 USD
CY2011Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
2123000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
4210000 USD
us-gaap Water Production Costs
WaterProductionCosts
36221000 USD
us-gaap Water Production Costs
WaterProductionCosts
37704000 USD
CY2011Q2 us-gaap Water Production Costs
WaterProductionCosts
22174000 USD
CY2010Q2 us-gaap Water Production Costs
WaterProductionCosts
21725000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18731104000 shares
CY2010Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18740662000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18780058000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18784694000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18573701000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18523794000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18577226000 shares
CY2010Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18528497000 shares
CY2010Q4 sjw Accrued Groundwater Extraction Charges And Purchased Water
AccruedGroundwaterExtractionChargesAndPurchasedWater
4359000 USD
CY2011Q2 sjw Accrued Groundwater Extraction Charges And Purchased Water
AccruedGroundwaterExtractionChargesAndPurchasedWater
7002000 USD
CY2011Q2 sjw Groundwater Extraction Charges
GroundwaterExtractionCharges
5300000 USD
sjw Groundwater Extraction Charges
GroundwaterExtractionCharges
11233000 USD
CY2010Q2 sjw Groundwater Extraction Charges
GroundwaterExtractionCharges
6238000 USD
sjw Groundwater Extraction Charges
GroundwaterExtractionCharges
9808000 USD
CY2011Q2 sjw Purchased Power
PurchasedPower
609000 USD
CY2010Q4 sjw Purchased Power
PurchasedPower
495000 USD
sjw Increase Decrease In Accrued Groundwater Extraction Charges And Purchased Water
IncreaseDecreaseInAccruedGroundwaterExtractionChargesAndPurchasedWater
2643000 USD
CY2011Q2 sjw Unamortized Debt Issuance Expense And Broker Fees
UnamortizedDebtIssuanceExpenseAndBrokerFees
4893000 USD
CY2010Q4 sjw Unamortized Debt Issuance Expense And Broker Fees
UnamortizedDebtIssuanceExpenseAndBrokerFees
4308000 USD
sjw Utility Property Installed By Developer
UtilityPropertyInstalledByDeveloper
0 USD
sjw Increase Decrease In Accrued Groundwater Extraction Charges And Purchased Water
IncreaseDecreaseInAccruedGroundwaterExtractionChargesAndPurchasedWater
3138000 USD
sjw Payments To Acquire Businesses And Water Rights
PaymentsToAcquireBusinessesAndWaterRights
2577000 USD
dei Document Period End Date
DocumentPeriodEndDate
2011-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000766829
CY2011Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18577630 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SJW CORP

Files In Submission

Name View Source Status
0000766829-11-000036-index-headers.html Edgar Link pending
0000766829-11-000036-index.html Edgar Link pending
0000766829-11-000036.txt Edgar Link pending
0000766829-11-000036-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sjw-20110630.xml Edgar Link completed
sjw-20110630.xsd Edgar Link pending
sjw-20110630_cal.xml Edgar Link unprocessable
sjw-20110630_def.xml Edgar Link unprocessable
sjw-20110630_lab.xml Edgar Link unprocessable
sjw-20110630_pre.xml Edgar Link unprocessable
sjw-63011x10q.htm Edgar Link pending
sjw-63011xex311.htm Edgar Link pending
sjw-63011xex312.htm Edgar Link pending
sjw-63011xex321.htm Edgar Link pending
sjw-63011xex322.htm Edgar Link pending