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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Utility plant:    
Land $ 38,352 $ 36,845
Depreciable plant and equipment 3,269,984 3,198,060
Construction in progress 145,039 109,976
Intangible assets 35,357 35,167
Property, plant, and equipment, gross 3,488,732 3,380,048
Less accumulated depreciation and amortization 1,092,337 1,045,136
Public utilities, property, plant and equipment, net 2,396,395 2,334,912
Real estate investments 58,389 58,129
Less accumulated depreciation and amortization 15,363 14,783
Real estate investments, net 43,026 43,346
Cash and cash equivalents:    
Cash 25,442 5,269
Restricted cash 2,659 4,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $3,866 and $3,891 on June 30, 2021 and December 31, 2020, respectively 50,825 46,832
Income tax 0 7,041
Other 4,054 4,269
Accrued unbilled utility revenue 48,984 44,950
Prepaid expenses 8,471 8,097
Current regulatory assets, net 1,075 1,748
Other current assets 5,348 5,125
Total current assets 146,858 127,331
OTHER ASSETS:    
Net regulatory assets, less current portion 172,312 156,482
Investments 15,163 14,367
Goodwill 628,144 628,144
Other 7,624 6,883
Total other assets 823,243 805,876
Total assets 3,409,522 3,311,465
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 29,804,927 on June 30, 2021 and 28,556,605 on December 31, 2020 30 29
Additional paid-in capital 579,057 510,158
Retained earnings 411,511 408,037
Accumulated other comprehensive income (919) (1,064)
Total stockholders’ equity 989,679 917,160
Long-term debt, less current portion 1,372,126 1,287,580
Capitalization, long-term debt and equity 2,361,805 2,204,740
CURRENT LIABILITIES:    
Line of credit 138,541 175,094
Current portion of long-term debt 26,270 76,241
Accrued groundwater extraction charges, purchased water and power 26,290 19,184
Accounts payable 39,546 34,200
Accrued interest 13,035 12,861
Accrued payroll 13,895 14,012
Income tax payable 246 0
Other current liabilities 16,608 19,203
Total current liabilities 274,431 350,795
DEFERRED INCOME TAXES 191,376 191,415
ADVANCES FOR CONSTRUCTION 128,855 125,027
CONTRIBUTIONS IN AID OF CONSTRUCTION 302,503 296,105
POSTRETIREMENT BENEFIT PLANS 125,594 121,597
REGULATORY LIABILITIES 0 0
OTHER NONCURRENT LIABILITIES 24,958 21,786
COMMITMENTS AND CONTINGENCIES (See Note 12)
Total capitalization and liabilities $ 3,409,522 $ 3,311,465