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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Utility plant:    
Land $ 44,657 $ 44,657
Depreciable plant and equipment 4,311,934 4,249,314
Construction work in progress 199,039 179,486
Intangible assets 51,604 51,604
Total utility plant 4,607,234 4,525,061
Less: accumulated depreciation and amortization 1,058,985 1,036,450
Net utility plant 3,548,249 3,488,611
Nonutility properties 1,314 1,314
Less: accumulated depreciation 99 98
Net nonutility properties 1,215 1,216
Current assets:    
Cash and cash equivalents 23,696 11,114
Accounts receivable:    
Customers, net of allowances for credit losses of $1,149 and $1,172 on March 31, 2025 and December 31, 2024, respectively 65,854 68,679
Income tax 4,507 5,953
Other 6,775 7,059
Accrued unbilled revenue 58,616 60,847
Prepaid expenses 13,336 10,297
Current regulatory assets 16,572 18,172
Other current assets 7,916 8,593
Total current assets 197,272 190,714
Other assets:    
Regulatory assets, less current portion 226,602 224,055
Investments 18,622 18,087
Postretirement benefit plans 67,848 66,422
Goodwill 640,311 640,311
Other 28,691 28,893
Total other assets 982,074 977,768
Total assets 4,728,810 4,658,309
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 34,182,785 on March 31, 2025 and 33,629,169 on December 31, 2024 34 34
Additional paid-in capital 855,759 827,796
Retained earnings 539,584 537,184
Accumulated other comprehensive income 1,960 1,960
Total stockholders’ equity 1,397,337 1,366,974
Long-term debt, less current portion 1,691,475 1,706,904
Total capitalization 3,088,812 3,073,878
Current liabilities:    
Lines of credit 152,590 119,124
Current portion of long-term debt 18,665 3,648
Accrued groundwater extraction charges, purchased water and power 23,312 25,118
Accounts payable 46,654 56,256
Accrued interest 20,230 17,476
Accrued payroll 9,817 15,193
Current regulatory liabilities 573 1,122
Other current liabilities 24,838 23,236
Total current liabilities 296,679 261,173
Deferred income taxes 280,132 276,043
Advances for construction 162,334 155,397
Contributions in aid of construction 340,395 340,738
Postretirement benefit plans 43,613 45,063
Regulatory liabilities, less current portion 493,957 483,719
Other noncurrent liabilities 22,888 22,298
Commitments and contingencies
Total capitalization and liabilities $ 4,728,810 $ 4,658,309