37 CALIFORNIA WATER SERVICE GROUP See accompanying Notes to Consolidated Financial Statements. 2002 2001 CAPITALIZATION AND LIABILITIES Capitalization: Common stock, $0.01 par value; 25,000 shares authorized, 15,182 $ 152 $ 152 outstanding in 2002 and 2001 Additional paid-in capital 49,984 49,984 Retained earnings 149,215 147,299 Accumulated other comprehensive loss (134) (816) Total common stockholders’ equity 199,217 196,619 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 250,365 202,600 Total capitalization 453,057 402,694 Current liabilities: Current maturities of long-term debt 1,000 5,381 Short-term borrowings 36,379 22,000 Accounts payable 23,706 24,032 Accrued taxes 3,742 3,813 Accrued interest 2,873 2,535 Other accrued liabilities 23,841 21,228 Total current liabilities 91,541 78,989 Unamortized investment tax credits 2,774 2,882 Deferred income taxes 31,371 28,816 Regulatory and other liabilities 28,804 20,680 Advances for construction 115,459 106,657 Contributions in aid of construction 77,576 69,496 Commitments and contingencies $800,582 $710,214