XML 14 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Utility plant:    
Land $ 18,296 $ 18,296
Depreciable plant and equipment 1,848,768 1,833,051
Construction in progress 80,262 68,765
Intangible assets 15,799 15,799
Utility plant, gross 1,963,125 1,935,911
Less accumulated depreciation and amortization 620,288 607,090
Utility plant, net 1,342,837 1,328,821
Real estate investments 56,336 56,336
Less accumulated depreciation and amortization 12,626 12,327
Total 43,710 44,009
Cash and cash equivalents:    
Cash 7,663 8,722
Money market fund 412,000 412,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts 17,894 19,154
Income tax 0 1,888
Other 2,040 1,203
Accrued unbilled utility revenue 22,304 27,974
Current regulatory assets, net 21,625 26,910
Other current assets 4,930 4,871
Current assets 488,456 502,722
OTHER ASSETS:    
Net regulatory assets, less current portion 79,185 76,715
Other 4,619 4,122
Other assets 83,804 80,837
Assets 1,958,807 1,956,389
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 36,000,000 shares; issued and outstanding shares 28,434,560 on March 31, 2019 and 28,404,316 on December 31, 2018 28 28
Additional paid-in capital 496,921 495,366
Retained earnings 391,344 393,918
Total stockholders’ equity 888,293 889,312
Long-term debt, less current portion 510,903 431,424
Capitalization, Long-term Debt and Equity 1,399,196 1,320,736
CURRENT LIABILITIES:    
Line of credit 32,000 100,000
Accrued groundwater extraction charges, purchased water and power 6,971 13,694
Accounts payable 22,819 24,937
Accrued interest 7,380 7,132
Accrued property taxes and other non-income taxes 3,179 1,926
Accrued payroll 3,652 7,181
Income tax payable 1,476 0
Other current liabilities 9,211 9,115
Current liabilities 86,688 163,985
DEFERRED INCOME TAXES 78,426 79,651
ADVANCES FOR CONSTRUCTION 83,686 80,610
CONTRIBUTIONS IN AID OF CONSTRUCTION 167,668 168,243
POSTRETIREMENT BENEFIT PLANS 72,213 70,490
REGULATORY LIABILITY 58,793 59,149
OTHER NONCURRENT LIABILITIES 12,137 13,525
COMMITMENTS AND CONTINGENCIES 0 0
Capitalization and liabilities $ 1,958,807 $ 1,956,389