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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Utility plant:    
Land $ 18,286 $ 18,296
Depreciable plant and equipment 1,897,117 1,833,051
Construction in progress 109,245 68,765
Intangible assets 15,799 15,799
Utility plant, gross 2,040,447 1,935,911
Less accumulated depreciation and amortization 647,841 607,090
Utility plant, net 1,392,606 1,328,821
Real estate investments 56,473 56,336
Less accumulated depreciation and amortization 13,224 12,327
Total 43,249 44,009
Cash and cash equivalents:    
Cash 12,702 8,722
Money market fund 412,000 412,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts 27,965 19,154
Income tax 63 1,888
Other 2,719 1,203
Accrued unbilled utility revenue 38,200 27,974
Current regulatory assets, net 7,493 26,910
Other current assets 6,672 4,871
Current assets 507,814 502,722
OTHER ASSETS:    
Net regulatory assets, less current portion 73,780 76,715
Other 4,933 4,122
Other assets 78,713 80,837
Assets 2,022,382 1,956,389
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 36,000,000 shares; issued and outstanding shares 28,456,490 on September 30, 2019 and 28,404,316 on December 31, 2018 28 28
Additional paid-in capital 499,377 495,366
Retained earnings 397,259 393,918
Total stockholders’ equity 896,664 889,312
Long-term debt, less current portion 511,076 431,424
Capitalization, Long-term Debt and Equity 1,407,740 1,320,736
CURRENT LIABILITIES:    
Line of credit 62,000 100,000
Accrued groundwater extraction charges, purchased water and power 22,749 13,694
Accounts payable 28,193 24,937
Accrued interest 9,220 7,132
Accrued property taxes and other non-income taxes 4,220 1,926
Accrued payroll 5,011 7,181
Other current liabilities 12,914 9,115
Current liabilities 144,307 163,985
DEFERRED INCOME TAXES 72,798 79,651
ADVANCES FOR CONSTRUCTION 84,564 80,610
CONTRIBUTIONS IN AID OF CONSTRUCTION 170,390 168,243
POSTRETIREMENT BENEFIT PLANS 73,004 70,490
REGULATORY LIABILITY 56,936 59,149
OTHER NONCURRENT LIABILITIES 12,643 13,525
COMMITMENTS AND CONTINGENCIES 0 0
Capitalization and liabilities $ 2,022,382 $ 1,956,389