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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Utility plant:    
Land $ 41,415 $ 39,982
Depreciable plant and equipment 3,967,911 3,661,285
Construction work in progress 106,980 116,851
Intangible assets 35,946 35,959
Total utility plant 4,152,252 3,854,077
Less accumulated depreciation and amortization 981,598 1,223,760
Net utility plant 3,170,654 2,630,317
Nonutility properties and real estate investments 13,350 58,033
Less accumulated depreciation and amortization 194 17,158
Net nonutility properties and real estate investments 13,156 40,875
Current assets:    
Cash and cash equivalents 9,723 12,344
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $6,551 and $5,753 in 2023 and 2022, respectively 67,870 59,172
Income tax 5,187 0
Other 3,684 5,560
Accrued unbilled revenue 49,543 45,722
Assets held for sale 40,850 0
Prepaid expenses 11,110 9,753
Current regulatory assets 4,276 19,740
Other current assets 6,146 6,095
Total current assets 198,389 158,386
Other assets:    
Regulatory assets, less current portion 235,910 246,035
Investments 16,411 14,819
Postretirement benefit plans 33,794 16,990
Other intangible asset 28,386 0
Goodwill 640,311 640,311
Other 8,056 7,323
Total other assets 962,868 925,478
Total assets 4,345,067 3,755,056
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares in 2023 and 2022; issued and outstanding 32,023,004 shares in 2023 and 30,801,912 shares in 2022 32 31
Additional paid-in capital 736,191 651,004
Retained earnings 495,383 458,356
Accumulated other comprehensive income 1,791 1,477
Total stockholders’ equity 1,233,397 1,110,868
Long-term debt, less current portion 1,526,699 1,491,965
Total capitalization 2,760,096 2,602,833
Current liabilities:    
Lines of credit 171,500 159,578
Current portion of long-term debt 48,975 4,360
Accrued groundwater extraction charges, purchased water and power 24,479 19,707
Accounts payable 46,121 29,581
Accrued interest 15,816 13,907
Accrued payroll 12,229 11,908
Income tax payable 0 2,696
Current regulatory liabilities 3,059 3,672
Other current liabilities 20,795 22,913
Total current liabilities 342,974 268,322
Deferred income taxes 238,528 218,155
Advances for construction 146,582 137,696
Contributions in aid of construction 326,451 323,668
Postretirement benefit plans 46,836 59,738
Regulatory liabilities, less current portion 461,108 118,760
Other noncurrent liabilities 22,492 25,884
Commitments and contingencies
Total equity and liabilities $ 4,345,067 $ 3,755,056