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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Utility plant:    
Land $ 41,415 $ 41,415
Depreciable plant and equipment 4,005,195 3,967,911
Construction work in progress 133,369 106,980
Intangible assets 35,946 35,946
Total utility plant 4,215,925 4,152,252
Less accumulated depreciation and amortization 1,007,078 981,598
Net utility plant 3,208,847 3,170,654
Nonutility properties and real estate investments 13,377 13,350
Less accumulated depreciation and amortization 195 194
Net nonutility properties and real estate investments 13,182 13,156
Current assets:    
Cash and cash equivalents 4,542 9,723
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $6,198 and $6,551 on March 31, 2024 and December 31, 2023, respectively 62,649 67,870
Income tax 2,911 5,187
Other 2,199 3,684
Accrued unbilled utility revenue 44,345 49,543
Assets held for sale 40,850 40,850
Prepaid expenses 12,822 11,110
Current regulatory assets 1,850 4,276
Other current assets 5,914 6,146
Total current assets 178,082 198,389
Other assets:    
Regulatory assets, less current portion 238,842 235,910
Investments 17,435 16,411
Postretirement benefit plans 34,244 33,794
Other intangible asset 28,386 28,386
Goodwill 640,311 640,311
Other 8,183 8,056
Total other assets 967,401 962,868
Total assets 4,367,512 4,345,067
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 32,201,216 on March 31, 2024 and 32,023,004 on December 31, 2023 32 32
Additional paid-in capital 744,621 736,191
Retained earnings 494,249 495,383
Accumulated other comprehensive income 1,349 1,791
Total stockholders’ equity 1,240,251 1,233,397
Long-term debt, less current portion 1,550,298 1,526,699
Total capitalization 2,790,549 2,760,096
Current liabilities:    
Lines of credit 210,748 171,500
Current portion of long-term debt 9,002 48,975
Accrued groundwater extraction charges, purchased water and power 17,205 24,479
Accounts payable 34,397 46,121
Accrued interest 19,056 15,816
Accrued payroll 8,818 12,229
Current regulatory liabilities 2,480 3,059
Other current liabilities 21,554 20,795
Total current liabilities 323,260 342,974
Deferred income taxes 239,960 238,528
Advances for construction 141,431 146,582
Contributions in aid of construction 331,869 326,451
Postretirement benefit plans 47,323 46,836
Regulatory liabilities, less current portion 469,953 461,108
Other noncurrent liabilities 23,167 22,492
Commitments and contingencies
Total capitalization and liabilities $ 4,367,512 $ 4,345,067