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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Utility plant:    
Land $ 41,386 $ 39,982
Depreciable plant and equipment 3,761,749 3,661,285
Construction in progress 141,179 116,851
Intangible assets 35,947 35,959
Total utility plant 3,980,261 3,854,077
Less accumulated depreciation and amortization 1,277,102 1,223,760
Net utility plant 2,703,159 2,630,317
Real estate investments and nonutility properties 1,388 58,033
Less accumulated depreciation and amortization 191 17,158
Net real estate investments and nonutility properties 1,197 40,875
CURRENT ASSETS:    
Cash and cash equivalents 25,474 12,344
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $6,414 and $5,753 on June 30, 2023 and December 31, 2022, respectively 58,545 59,172
Other 4,814 5,560
Accrued unbilled utility revenue 50,555 45,722
Assets held for sale 40,850 0
Prepaid expenses 9,152 9,753
Current regulatory assets, net 5,968 16,068
Other current assets 6,075 6,095
Total current assets 201,433 154,714
OTHER ASSETS:    
Net regulatory assets, less current portion 130,009 127,275
Investments 16,136 14,819
Goodwill 640,311 640,311
Other 19,913 24,313
Total other assets 806,369 806,718
Total assets 3,712,158 3,632,624
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 31,731,030 on June 30, 2023 and 30,801,912 on December 31, 2022 32 31
Additional paid-in capital 716,642 651,004
Retained earnings 464,464 458,356
Accumulated other comprehensive income 1,578 1,477
Total stockholders’ equity 1,182,716 1,110,868
Long-term debt, less current portion 1,519,281 1,491,965
Capitalization, long-term debt and equity 2,701,997 2,602,833
CURRENT LIABILITIES:    
Lines of credit 83,310 159,578
Current portion of long-term debt 44,328 4,360
Accrued groundwater extraction charges, purchased water and power 23,006 19,707
Accounts payable 36,446 29,581
Accrued interest 15,680 13,907
Accrued payroll 10,011 11,908
Income tax payable 4,604 2,696
Other current liabilities 20,569 22,913
Total current liabilities 237,954 264,650
DEFERRED INCOME TAXES 228,976 218,155
ADVANCES FOR CONSTRUCTION 140,005 137,696
CONTRIBUTIONS IN AID OF CONSTRUCTION 327,280 323,668
POSTRETIREMENT BENEFIT PLANS 53,001 59,738
OTHER NONCURRENT LIABILITIES 22,945 25,884
COMMITMENTS AND CONTINGENCIES
Total capitalization and liabilities $ 3,712,158 $ 3,632,624