California Water Service(CWT) - 2023 Q3 - Quarterly Report

Administrative and general expenses increased $5.8 million, or 5.8$105.2 million in the first nine months of 2023, as compared to $99.4 million in the first nine months of 2022. The increase was primarily due to higher labor costs of$4.9 million primarily driven by annual increases in employee wages. Income tax expense decreased $7.3 million to a$1.4 million income tax benefit in the first nine months of 2023, as compared to income tax expense of $5.9 million in the first nine months of 2022. The de ...