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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Utility plant:    
Land $ 39,982 $ 39,004
Depreciable plant and equipment 3,661,285 3,381,908
Construction in progress 116,851 176,427
Intangible assets 35,959 36,276
Property, plant, and equipment, gross 3,854,077 3,633,615
Less accumulated depreciation and amortization 1,223,760 1,136,116
Public utilities, property, plant and equipment, net 2,630,317 2,497,499
Real estate investments and nonutility properties 58,033 57,632
Less accumulated depreciation and amortization 17,158 15,951
Real estate investments, net 40,875 41,681
Cash and cash equivalents:    
Cash 12,344 10,908
Restricted cash 0 1,211
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $5,753 and $4,600 in 2022 and 2021, respectively 59,172 53,699
Income tax 0 2,308
Other 5,560 4,735
Accrued unbilled utility revenue 45,722 44,026
Current regulatory assets, net 16,068 2,629
Prepaid expenses 9,753 9,667
Other current assets 6,095 4,902
Total current assets 154,714 134,085
Other assets:    
Net regulatory assets, less current portion 127,275 151,992
Investments 14,819 15,784
Goodwill 640,311 640,471
Other 24,313 10,883
Total other assets 806,718 819,130
Total assets 3,632,624 3,492,395
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares in 2022 and 2021; issued and outstanding 30,801,912 shares in 2022 and 30,181,348 shares in 2021 31 30
Additional paid-in capital 651,004 606,392
Retained earnings 458,356 428,260
Accumulated other comprehensive income (loss) 1,477 (163)
Total stockholders’ equity 1,110,868 1,034,519
Long-term debt, less current portion 1,491,965 1,492,935
Capitalization, long-term debt and equity 2,602,833 2,527,454
Current liabilities:    
Lines of credit 159,578 62,996
Current portion of long-term debt 4,360 39,106
Accrued groundwater extraction charges, purchased water and power 19,707 17,200
Accounts payable 29,581 30,391
Accrued interest 13,907 14,174
Accrued payroll 11,908 11,583
Income tax payable 2,696 0
Other current liabilities 22,913 27,821
Total current liabilities 264,650 203,271
Deferred income taxes 218,155 200,451
Advances for construction 137,696 130,693
Contributions in aid of construction 323,668 316,479
Postretirement benefit plans 59,738 89,998
Other noncurrent liabilities 25,884 24,049
Commitments and contingencies
Total equity and liabilities $ 3,632,624 $ 3,492,395