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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
UTILITY PLANT:    
Water Production $ 247,286 $ 168,080
Transmission and Distribution 697,200 648,763
General 95,658 85,056
Construction Work in Progress 24,947 80,055
TOTAL 1,065,091 981,954
Less Accumulated Depreciation 199,723 185,356
UTILITY PLANT - NET 865,368 796,598
CURRENT ASSETS:    
Cash and Cash Equivalents 3,533 4,491
Accounts Receivable, net of allowance for uncollectible accounts of $2,574 and $2,053, respectively 15,311 14,569
Unbilled Revenues 7,273 7,065
Materials and Supplies (at average cost) 5,358 5,112
Prepayments 2,880 2,886
TOTAL CURRENT ASSETS 34,355 34,123
Operating Lease Right of Use Asset 4,503 5,209
Preliminary Survey and Investigation Charges 3,540 5,192
Regulatory Assets 100,738 118,144
Restricted Cash 5,913
Non-utility Assets - Net 11,428 11,207
Other 83 84
TOTAL OTHER ASSETS 120,292 145,749
TOTAL ASSETS 1,020,015 976,470
CAPITALIZATION:    
Common Stock, No Par Value 221,919 217,451
Retained Earnings 145,807 128,757
TOTAL COMMON EQUITY 367,726 346,208
Preferred Stock 2,084 2,084
Long-term Debt 306,520 273,244
TOTAL CAPITALIZATION 676,330 621,536
CURRENT LIABILITIES:    
Current Portion of Long-term Debt 6,731 7,255
Notes Payable 13,000 2,000
Accounts Payable 21,125 30,443
Accrued Taxes 8,621 10,138
Accrued Interest 1,986 2,137
Unearned Revenues and Advanced Service Fees 1,330 1,255
Other 3,826 3,620
TOTAL CURRENT LIABILITIES 56,619 56,848
COMMITMENTS AND CONTINGENT LIABILITIES (Note 4)
OTHER LIABILITIES:    
Customer Advances for Construction 23,529 23,404
Lease Obligations 4,367 5,042
Accumulated Deferred Income Taxes 69,500 61,297
Employee Benefit Plans 11,290 34,426
Regulatory Liabilities 49,431 60,792
Other 1,086 1,135
TOTAL OTHER LIABILITIES 159,203 186,096
CONTRIBUTIONS IN AID OF CONSTRUCTION 127,863 111,990
TOTAL CAPITALIZATION AND LIABILITIES $ 1,020,015 $ 976,470