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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Water Production $ 306,884 $ 303,791
Transmission and Distribution 816,933 809,862
General 101,047 100,593
Construction Work in Progress 24,056 19,636
TOTAL 1,248,920 1,233,882
Less Accumulated Depreciation 239,630 235,540
UTILITY PLANT - NET 1,009,290 998,342
Cash and Cash Equivalents 2,855 2,390
Accounts Receivable, net of allowance for credit losses of $2,134 and $2,137, respectively 15,732 18,172
Litigation Settlement Receivable 69,872 69,872
Unbilled Revenues 11,312 9,297
Materials and Supplies (at average cost) 7,072 6,972
Prepayments 4,371 1,833
TOTAL CURRENT ASSETS 111,214 108,536
Operating Lease Right of Use Asset 3,027 3,185
Preliminary Survey and Investigation Charges 1,952 1,932
Regulatory Assets 90,046 90,694
Non-utility Assets - Net 11,780 11,522
Employee Benefit Plans 22,757 21,779
Other 39 62
TOTAL OTHER ASSETS 129,601 129,174
TOTAL ASSETS 1,250,105 1,236,052
CAPITALIZATION AND LIABILITIES    
Common Stock, No Par Value 246,551 246,764
Retained Earnings 181,141 176,227
TOTAL COMMON EQUITY 427,692 422,991
Preferred Stock 2,084 2,084
Long-term Debt 356,960 358,153
TOTAL CAPITALIZATION 786,736 783,228
Current Portion of Long-term Debt 7,831 7,740
Notes Payable 58,000 42,750
Accounts Payable 23,243 27,618
Litigation Settlement Payable 6,237 6,237
Accrued Taxes 14,719 10,535
Accrued Interest 2,650 3,138
Unearned Revenues and Advanced Service Fees 1,365 1,390
Other 3,111 4,421
TOTAL CURRENT LIABILITIES 117,156 103,829
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
Customer Advances for Construction 21,091 21,313
Lease Obligations 2,904 3,063
Accumulated Deferred Income Taxes 89,693 88,736
Regulatory Liabilities 57,818 113,021
Other 498 592
TOTAL OTHER LIABILITIES 172,004 226,725
CONTRIBUTIONS IN AID OF CONSTRUCTION 174,209 122,270
TOTAL CAPITALIZATION AND LIABILITIES $ 1,250,105 $ 1,236,052