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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Utility plant:    
Land $ 44,646 $ 41,415
Depreciable plant and equipment 4,141,490 3,967,911
Construction work in progress 203,040 106,980
Intangible assets 64,372 35,946
Total utility plant 4,453,548 4,152,252
Less: accumulated depreciation and amortization 1,047,631 981,598
Net utility plant 3,405,917 3,170,654
Nonutility properties and real estate investments 1,352 13,350
Less: accumulated depreciation and amortization 97 194
Net nonutility properties and real estate investments 1,255 13,156
Current assets:    
Cash and cash equivalents 3,967 9,723
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $848 and $6,551 on September 30, 2024 and December 31, 2023, respectively 75,849 67,870
Income tax 11,262 5,187
Other 6,286 3,684
Accrued unbilled utility revenue 68,342 49,543
Assets held for sale 0 40,850
Prepaid expenses 15,411 11,110
Current regulatory assets 828 4,276
Other current assets 5,331 6,146
Total current assets 187,276 198,389
Other assets:    
Regulatory assets, less current portion 253,162 235,910
Investments 18,213 16,411
Postretirement benefit plans 39,387 33,794
Other intangible asset 0 28,386
Goodwill 640,311 640,311
Other 6,781 8,056
Total other assets 957,854 962,868
Total assets 4,552,302 4,345,067
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 33,226,735 on September 30, 2024 and 32,023,004 on December 31, 2023 33 32
Additional paid-in capital 804,848 736,191
Retained earnings 527,575 495,383
Accumulated other comprehensive income 1,349 1,791
Total stockholders’ equity 1,333,805 1,233,397
Long-term debt, less current portion 1,673,715 1,526,699
Total capitalization 3,007,520 2,760,096
Current liabilities:    
Lines of credit 93,235 171,500
Current portion of long-term debt 8,088 48,975
Accrued groundwater extraction charges, purchased water and power 38,433 24,479
Accounts payable 44,480 46,121
Accrued interest 19,549 15,816
Accrued payroll 12,180 12,229
Current regulatory liabilities 1,770 3,059
Other current liabilities 26,314 20,795
Total current liabilities 244,049 342,974
Deferred income taxes 268,370 238,528
Advances for construction 150,546 146,582
Contributions in aid of construction 336,559 326,451
Postretirement benefit plans 48,158 46,836
Regulatory liabilities, less current portion 473,899 461,108
Other noncurrent liabilities 23,201 22,492
Commitments and contingencies
Total capitalization and liabilities $ 4,552,302 $ 4,345,067