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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Utility plant:    
Land $ 41,427 $ 39,982
Depreciable plant and equipment 3,879,507 3,661,285
Construction in progress 113,204 116,851
Intangible assets 35,946 35,959
Total utility plant 4,070,084 3,854,077
Less accumulated depreciation and amortization 1,305,134 1,223,760
Net utility plant 2,764,950 2,630,317
Nonutility properties and real estate investments 13,072 58,033
Less accumulated depreciation and amortization 192 17,158
Net nonutility properties and real estate investments 12,880 40,875
CURRENT ASSETS:    
Cash and cash equivalents 21,067 12,344
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $6,661 and $5,753 on September 30, 2023 and December 31, 2022, respectively 70,374 59,172
Other 4,381 5,560
Accrued unbilled utility revenue 62,253 45,722
Assets held for sale 40,850 0
Prepaid expenses 14,996 9,753
Current regulatory assets, net 8,573 16,068
Other current assets 6,277 6,095
Total current assets 228,771 154,714
OTHER ASSETS:    
Net regulatory assets, less current portion 131,420 127,275
Investments 15,901 14,819
Other intangible asset 28,386 0
Goodwill 640,311 640,311
Other 20,809 24,313
Total other assets 836,827 806,718
Total assets 3,843,428 3,632,624
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 31,933,003 on September 30, 2023 and 30,801,912 on December 31, 2022 32 31
Additional paid-in capital 729,740 651,004
Retained earnings 488,585 458,356
Accumulated other comprehensive income 1,896 1,477
Total stockholders’ equity 1,220,253 1,110,868
Long-term debt, less current portion 1,533,769 1,491,965
Capitalization, long-term debt and equity 2,754,022 2,602,833
CURRENT LIABILITIES:    
Lines of credit 128,433 159,578
Current portion of long-term debt 43,464 4,360
Accrued groundwater extraction charges, purchased water and power 33,170 19,707
Accounts payable 35,926 29,581
Accrued interest 19,165 13,907
Accrued payroll 11,264 11,908
Income tax payable 11,809 2,696
Other current liabilities 24,885 22,913
Total current liabilities 308,116 264,650
DEFERRED INCOME TAXES 234,558 218,155
ADVANCES FOR CONSTRUCTION 143,810 137,696
CONTRIBUTIONS IN AID OF CONSTRUCTION 328,633 323,668
POSTRETIREMENT BENEFIT PLANS 51,150 59,738
OTHER NONCURRENT LIABILITIES 23,139 25,884
COMMITMENTS AND CONTINGENCIES
Total capitalization and liabilities $ 3,843,428 $ 3,632,624