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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Utility plant:    
Land $ 38,339 $ 36,845
Depreciable plant and equipment 3,223,736 3,198,060
Construction in progress 126,678 109,976
Intangible assets 35,167 35,167
Property, plant, and equipment, gross 3,423,920 3,380,048
Less accumulated depreciation and amortization 1,068,852 1,045,136
Public utilities, property, plant and equipment, net 2,355,068 2,334,912
Real estate investments 58,280 58,129
Less accumulated depreciation and amortization 15,072 14,783
Real estate investments, net 43,208 43,346
Cash and cash equivalents:    
Cash 11,406 5,269
Restricted cash 3,104 4,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $3,614 and $3,891 on March 31, 2021 and December 31, 2020, respectively 45,583 46,832
Income tax 4,671 7,041
Other 5,455 4,269
Accrued unbilled utility revenue 37,288 44,950
Prepaid expenses 10,634 8,097
Current regulatory assets, net 226 1,748
Other current assets 5,100 5,125
Total current assets 123,467 127,331
OTHER ASSETS:    
Net regulatory assets, less current portion 161,392 156,482
Investments 15,161 14,367
Goodwill 628,144 628,144
Other 5,702 6,883
Total other assets 810,399 805,876
Total assets 3,332,142 3,311,465
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 29,789,887 on March 31, 2021 and 28,556,605 on December 31, 2020 30 29
Additional paid-in capital 578,395 510,158
Retained earnings 400,897 408,037
Accumulated other comprehensive income (1,026) (1,064)
Total stockholders’ equity 978,296 917,160
Long-term debt, less current portion 1,303,028 1,287,580
Capitalization, long-term debt and equity 2,281,324 2,204,740
CURRENT LIABILITIES:    
Line of credit 121,509 175,094
Current portion of long-term debt 76,285 76,241
Accrued groundwater extraction charges, purchased water and power 18,144 19,184
Accounts payable 25,636 34,200
Accrued interest 17,102 12,861
Accrued payroll 11,911 14,012
Other current liabilities 19,148 19,203
Total current liabilities 289,735 350,795
DEFERRED INCOME TAXES 189,531 191,415
ADVANCES FOR CONSTRUCTION 125,967 125,027
CONTRIBUTIONS IN AID OF CONSTRUCTION 297,390 296,105
POSTRETIREMENT BENEFIT PLANS 124,265 121,597
OTHER NONCURRENT LIABILITIES 23,930 21,786
COMMITMENTS AND CONTINGENCIES 0 0
CAPITALIZATION AND LIABILITIES $ 3,332,142 $ 3,311,465