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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Utility plant:    
Land $ 34,697 $ 34,395
Depreciable plant and equipment 3,014,589 2,988,454
Construction in progress 126,365 112,232
Intangible assets 32,775 33,424
Utility plant, gross 3,208,426 3,168,505
Less accumulated depreciation and amortization 983,481 962,019
Utility plant, net 2,224,945 2,206,486
Real estate investments 57,954 57,699
Less accumulated depreciation and amortization 13,899 13,597
Total 44,055 44,102
Cash and cash equivalents:    
Cash 28,273 12,944
Restricted cash 0 5,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts 34,710 36,305
Income tax 7,097 8,837
Other 2,036 2,833
Accrued unbilled utility revenue 36,996 40,102
Current regulatory assets, net 6,129 6,472
Other current assets 13,577 9,553
Current assets 128,818 122,046
OTHER ASSETS:    
Net regulatory assets, less current portion 126,149 113,945
Investments 13,400 12,928
Goodwill 628,287 628,287
Other 8,644 4,676
Other assets 776,480 759,836
Assets 3,174,298 3,132,470
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 28,497,841 on March 31, 2020 and 28,456,508 on December 31, 2019 28 28
Additional paid-in capital 507,075 506,639
Retained earnings 376,447 383,191
Accumulated other comprehensive (loss) income (9) 126
Total stockholders’ equity 883,541 889,984
Long-term debt, less current portion 1,316,996 1,283,597
Capitalization, Long-term Debt and Equity 2,200,537 2,173,581
CURRENT LIABILITIES:    
Line of credit 131,402 117,209
Current portion of long-term debt 22,311 22,272
Accrued groundwater extraction charges, purchased water and power 12,919 17,211
Accounts payable 25,214 34,886
Accrued interest 18,516 13,140
Accrued property taxes and other non-income taxes 3,545 2,039
Accrued payroll 9,105 11,570
Other current liabilities 15,392 16,240
Current liabilities 238,404 234,567
DEFERRED INCOME TAXES 194,823 195,598
ADVANCES FOR CONSTRUCTION 117,596 112,339
CONTRIBUTIONS IN AID OF CONSTRUCTION 287,802 286,035
POSTRETIREMENT BENEFIT PLANS 111,272 108,044
OTHER NONCURRENT LIABILITIES 23,864 22,306
COMMITMENTS AND CONTINGENCIES 0 0
Capitalization and liabilities $ 3,174,298 $ 3,132,470