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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
UTILITY PLANT:    
Water Production $ 325,756 $ 314,924
Transmission and Distribution 918,455 855,497
General 108,142 105,167
Construction Work in Progress 37,444 34,209
TOTAL 1,389,797 1,309,797
Less Accumulated Depreciation 270,445 254,425
UTILITY PLANT - NET 1,119,352 1,055,372
CURRENT ASSETS:    
Cash and Cash Equivalents 3,384 4,226
Accounts Receivable, net of allowance for uncollectible accounts of $2,055and $2,326, respectively 22,738 18,842
Unbilled Revenues 10,987 10,764
Materials and Supplies (at average cost) 7,309 6,719
Prepayments 5,184 2,422
TOTAL CURRENT ASSETS 49,602 42,973
OTHER ASSETS:    
Operating Lease Right of Use Asset 2,117 2,567
Restricted Cash 1,675 0
Regulatory Assets 109,951 101,783
Non-utility Assets - Net 12,195 11,760
Employee Benefit Plans 40,468 36,856
Other 6,599 3,863
TOTAL OTHER ASSETS 173,005 156,829
TOTAL ASSETS 1,341,959 1,255,174
CAPITALIZATION:    
Common Stock, No Par Value, authorized 40,000, issued 18,338 and 17,887 in 2025 and 2024, respectively 269,636 248,202
Retained Earnings 212,910 197,061
TOTAL COMMON EQUITY 482,546 445,263
Preferred Stock, No Par Value; authorized 120; issued 13 1,352 1,635
Long-term Debt 350,151 352,822
TOTAL CAPITALIZATION 834,049 799,720
CURRENT LIABILITIES:    
Current Portion of Long-term Debt 7,645 7,711
Notes Payable 55,000 23,000
Accounts Payable 28,143 28,050
Accrued Taxes 15,540 11,976
Accrued Interest 2,554 2,916
Unearned Revenues and Advanced Service Fees 1,497 1,476
Other 7,902 7,759
TOTAL CURRENT LIABILITIES 118,281 82,888
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
OTHER LIABILITIES:    
Advances for Construction 24,116 22,629
Lease Obligations 1,959 2,432
Accumulated Deferred Income Taxes 110,627 101,235
Regulatory Liabilities 63,063 64,557
Other 261 344
TOTAL OTHER LIABILITIES 200,026 191,197
CONTRIBUTIONS IN AID OF CONSTRUCTION 189,603 181,369
TOTAL CAPITALIZATION AND LIABILITIES $ 1,341,959 $ 1,255,174