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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
UTILITY PLANT:    
Water Production $ 161,971 $ 160,870
Transmission and Distribution 617,276 556,517
General 82,916 83,043
Construction Work in Progress 61,566 75,520
TOTAL 923,729 875,950
Less Accumulated Depreciation 177,568 170,220
UTILITY PLANT - NET 746,161 705,730
CURRENT ASSETS:    
Cash and Cash Equivalents 13,196 2,230
Accounts Receivable, net 12,619 11,908
Unbilled Revenues 8,939 7,183
Materials and Supplies (at average cost) 5,274 5,445
Prepayments 3,961 2,367
TOTAL CURRENT ASSETS 43,989 29,133
DEFERRED CHARGES AND OTHER ASSETS:    
Operating Lease Right of Use Asset 5,573 5,944
Preliminary Survey and Investigation Charges 2,670 2,054
Regulatory Assets 111,494 110,479
Restricted Cash 28,936 44,269
Non-utility Assets - Net 10,639 10,370
Other 1,408 1,899
TOTAL DEFERRED CHARGES AND OTHER ASSETS 160,720 175,015
TOTAL ASSETS 950,870 909,878
CAPITALIZATION:    
Common Stock, No Par Value 216,365 215,125
Retained Earnings 117,008 108,667
TOTAL COMMON EQUITY 333,373 323,792
Preferred Stock 2,084 2,084
Long-term Debt 237,939 230,777
TOTAL CAPITALIZATION 573,396 556,653
CURRENT LIABILITIES:    
Current Portion of Long-term Debt 7,340 7,178
Notes Payable 37,500 20,000
Accounts Payable 22,803 23,306
Accrued Taxes 10,106 7,635
Accrued Interest 2,092 2,031
Unearned Revenues and Advanced Service Fees 1,329 1,211
Other 3,124 3,620
TOTAL CURRENT LIABILITIES 84,294 64,981
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
DEFERRED CREDITS AND OTHER LIABILITIES:    
Customer Advances for Construction 24,342 23,905
Lease Obligations 5,329 5,732
Accumulated Deferred Income Taxes 57,350 54,408
Employee Benefit Plans 33,731 34,671
Regulatory Liabilities 64,998 69,152
Other 2,480 2,546
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 188,230 190,414
CONTRIBUTIONS IN AID OF CONSTRUCTION 104,950 97,830
TOTAL CAPITALIZATION AND LIABILITIES $ 950,870 $ 909,878