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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Utility plant:    
Land $ 40,820 $ 39,982
Depreciable plant and equipment 3,706,176 3,661,285
Construction in progress 121,309 116,851
Intangible assets 35,947 35,959
Total utility plant 3,904,252 3,854,077
Less accumulated depreciation and amortization 1,250,101 1,223,760
Net utility plant 2,654,151 2,630,317
Real estate investments and nonutility properties 1,388 58,033
Less accumulated depreciation and amortization 190 17,158
Net real estate investments and nonutility properties 1,198 40,875
Cash and cash equivalents:    
Cash 23,333 12,344
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $5,851 and $5,753 on March 31, 2023 and December 31, 2022, respectively 56,468 59,172
Other 5,145 5,560
Accrued unbilled utility revenue 40,437 45,722
Assets held for sale 40,850 0
Prepaid expenses 11,380 9,753
Current regulatory assets, net 10,019 16,068
Other current assets 6,216 6,095
Total current assets 193,848 154,714
OTHER ASSETS:    
Net regulatory assets, less current portion 127,339 127,275
Investments 15,923 14,819
Goodwill 640,311 640,311
Other 19,728 24,313
Total other assets 803,301 806,718
Total assets 3,652,498 3,632,624
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 31,427,124 on March 31, 2023 and 30,801,912 on December 31, 2022 31 31
Additional paid-in capital 692,742 651,004
Retained earnings 458,142 458,356
Accumulated other comprehensive income 1,570 1,477
Total stockholders’ equity 1,152,485 1,110,868
Long-term debt, less current portion 1,520,362 1,491,965
Capitalization, long-term debt and equity 2,672,847 2,602,833
CURRENT LIABILITIES:    
Lines of credit 72,433 159,578
Current portion of long-term debt 44,274 4,360
Accrued groundwater extraction charges, purchased water and power 11,739 19,707
Accounts payable 25,974 29,581
Accrued interest 19,071 13,907
Accrued payroll 9,076 11,908
Income tax payable 4,608 2,696
Other current liabilities 25,790 22,913
Total current liabilities 212,965 264,650
DEFERRED INCOME TAXES 220,111 218,155
ADVANCES FOR CONSTRUCTION 137,668 137,696
CONTRIBUTIONS IN AID OF CONSTRUCTION 327,016 323,668
POSTRETIREMENT BENEFIT PLANS 55,914 59,738
OTHER NONCURRENT LIABILITIES 25,977 25,884
COMMITMENTS AND CONTINGENCIES
Total capitalization and liabilities $ 3,652,498 $ 3,632,624