XML 15 R3.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
UTILITY PLANT: Water Production $ 310,661 $ 303,791
Transmission and Distribution 837,233 809,862
General 104,103 100,593
Construction Work in Progress 34,995 19,636
TOTAL 1,286,992 1,233,882
Less Accumulated Depreciation 249,266 235,540
UTILITY PLANT - NET 1,037,726 998,342
CURRENT ASSETS: Cash and Cash Equivalents 6,344 2,390
Accounts Receivable, net of allowance for credit losses of $2,424 and $2,137, respectively in 2024 and 2023 22,703 18,172
Litigation Settlement Receivable 69,872
Unbilled Revenues 13,418 9,297
Materials and Supplies (at average cost) 6,550 6,972
Prepayments 3,131 1,833
TOTAL CURRENT ASSETS 52,146 108,536
OTHER ASSETS: Operating Lease Right of Use Asset 2,718 3,185
Preliminary Survey and Investigation Charges 2,018 1,932
Regulatory Assets 96,302 90,694
Non-utility Assets - Net 11,854 11,584
Employee Benefit Plans 26,851 21,779
TOTAL OTHER ASSETS 139,743 129,174
TOTAL ASSETS 1,229,615 1,236,052
CAPITALIZATION AND LIABILITIES    
CAPITALIZATION: Common Stock, No Par Value 247,576 246,764
Retained Earnings 194,359 176,227
TOTAL COMMON EQUITY 441,935 422,991
Preferred Stock 1,889 2,084
Long-term Debt 352,282 358,153
TOTAL CAPITALIZATION 796,106 783,228
CURRENT Current Portion of Long-term Debt 7,745 7,740
LIABILITIES: Notes Payable 17,500 42,750
Accounts Payable 32,355 27,618
Litigation Settlement Payable 6,237
Accrued Taxes 13,408 10,535
Accrued Interest 2,396 3,138
Unearned Revenues and Advanced Service Fees 1,555 1,390
Other 4,953 4,421
TOTAL CURRENT LIABILITIES 79,912 103,829
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
OTHER LIABILITIES: Customer Advances for Construction 21,542 21,313
Lease Obligations 2,589 3,063
Accumulated Deferred Income Taxes 95,413 88,736
Regulatory Liabilities 53,920 113,021
Other 437 592
TOTAL OTHER LIABILITIES 173,901 226,725
CONTRIBUTIONS IN AID OF CONSTRUCTION 179,696 122,270
TOTAL CAPITALIZATION AND LIABILITIES $ 1,229,615 $ 1,236,052