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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Utility plant:    
Land $ 38,885 $ 36,845
Depreciable plant and equipment 3,318,451 3,198,060
Construction in progress 163,262 109,976
Intangible assets 37,347 35,167
Property, plant, and equipment, gross 3,557,945 3,380,048
Less accumulated depreciation and amortization 1,114,123 1,045,136
Public utilities, property, plant and equipment, net 2,443,822 2,334,912
Real estate investments 58,765 58,129
Less accumulated depreciation and amortization 15,655 14,783
Real estate investments, net 43,110 43,346
Cash and cash equivalents:    
Cash 14,019 5,269
Restricted cash 2,202 4,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $4,272 and $3,891 on September 30, 2021 and December 31, 2020, respectively 58,725 46,832
Income tax 2,148 7,041
Other 4,342 4,269
Accrued unbilled utility revenue 52,631 44,950
Prepaid expenses 13,048 8,097
Current regulatory assets, net 3,249 1,748
Other current assets 5,149 5,125
Total current assets 155,513 127,331
OTHER ASSETS:    
Net regulatory assets, less current portion 178,861 156,482
Investments 15,289 14,367
Goodwill 628,144 628,144
Other 5,002 6,883
Total other assets 827,296 805,876
Total assets 3,469,741 3,311,465
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 29,822,182 on September 30, 2021 and 28,556,605 on December 31, 2020 30 29
Additional paid-in capital 581,201 510,158
Retained earnings 420,411 408,037
Accumulated other comprehensive income (931) (1,064)
Total stockholders’ equity 1,000,711 917,160
Long-term debt, less current portion 1,420,032 1,287,580
Capitalization, long-term debt and equity 2,420,743 2,204,740
CURRENT LIABILITIES:    
Line of credit 122,072 175,094
Current portion of long-term debt 26,288 76,241
Accrued groundwater extraction charges, purchased water and power 29,030 19,184
Accounts payable 37,410 34,200
Accrued interest 17,642 12,861
Accrued payroll 13,231 14,012
Other current liabilities 21,612 19,203
Total current liabilities 267,285 350,795
DEFERRED INCOME TAXES 193,366 191,415
ADVANCES FOR CONSTRUCTION 132,228 125,027
CONTRIBUTIONS IN AID OF CONSTRUCTION 305,487 296,105
POSTRETIREMENT BENEFIT PLANS 125,005 121,597
OTHER NONCURRENT LIABILITIES 25,627 21,786
COMMITMENTS AND CONTINGENCIES (See Note 12)
Total capitalization and liabilities $ 3,469,741 $ 3,311,465