Water balance of a region (a column) [per unit area] Storage terms W: atmospheric Water vapor content ("precipitatble water") S:terrestrial water Storage (surface water+snow+soil moisture+groundwater) Flux terms C: Convergence of water vapor transport; P: Precipitation; E: Evaporation; R: Runoff (divergence of net freshwater transport) For steady state (long-term mean), C = R.