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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Utility plant:    
Land $ 41,415 $ 41,415
Depreciable plant and equipment 4,077,009 3,967,911
Construction work in progress 159,084 106,980
Intangible assets 35,986 35,946
Total utility plant 4,313,494 4,152,252
Less accumulated depreciation and amortization 1,030,065 981,598
Net utility plant 3,283,429 3,170,654
Nonutility properties and real estate investments 13,376 13,350
Less accumulated depreciation and amortization 96 194
Net nonutility properties and real estate investments 13,280 13,156
Current assets:    
Cash and cash equivalents 22,804 9,723
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $802 and $6,551 on June 30, 2024 and December 31, 2023, respectively 70,238 67,870
Income tax 0 5,187
Other 5,584 3,684
Accrued unbilled utility revenue 57,822 49,543
Assets held for sale 0 40,850
Prepaid expenses 9,856 11,110
Current regulatory assets 1,057 4,276
Other current assets 5,818 6,146
Total current assets 173,179 198,389
Other assets:    
Regulatory assets, less current portion 238,963 235,910
Investments 17,368 16,411
Postretirement benefit plans 36,816 33,794
Other intangible asset 28,386 28,386
Goodwill 640,311 640,311
Other 7,695 8,056
Total other assets 969,539 962,868
Total assets 4,439,427 4,345,067
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 32,668,904 on June 30, 2024 and 32,023,004 on December 31, 2023 33 32
Additional paid-in capital 771,189 736,191
Retained earnings 502,037 495,383
Accumulated other comprehensive income 1,349 1,791
Total stockholders’ equity 1,274,608 1,233,397
Long-term debt, less current portion 1,549,587 1,526,699
Total capitalization 2,824,195 2,760,096
Current liabilities:    
Lines of credit 217,495 171,500
Current portion of long-term debt 9,023 48,975
Accrued groundwater extraction charges, purchased water and power 32,581 24,479
Accounts payable 37,932 46,121
Accrued interest 15,582 15,816
Accrued payroll 10,683 12,229
Income tax payable 2,059 0
Current regulatory liabilities 1,930 3,059
Other current liabilities 22,848 20,795
Total current liabilities 350,133 342,974
Deferred income taxes 240,903 238,528
Advances for construction 144,087 146,582
Contributions in aid of construction 333,611 326,451
Postretirement benefit plans 47,516 46,836
Regulatory liabilities, less current portion 475,293 461,108
Other noncurrent liabilities 23,689 22,492
Commitments and contingencies
Total capitalization and liabilities $ 4,439,427 $ 4,345,067