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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
UTILITY PLANT, at original cost $ 423,676 $ 401,383
Plant acquisition adjustments (2,973) (3,318)
Accumulated depreciation (90,217) (84,841)
Net utility plant 330,486 313,224
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $452 in 2020 and $435 in 2019 748 769
CURRENT ASSETS:    
Cash and cash equivalents 10,901 2
Accounts receivable, net of reserves of $477 in 2020 and $305 in 2019 5,193 4,421
Unbilled revenues 2,801 2,276
Recoverable income taxes 50 547
Materials and supplies inventories, at cost 1,158 1,007
Prepaid expenses 1,679 1,131
Total current assets 21,782 9,384
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 3,878 1,819
Note receivable 255 255
Deferred regulatory assets 37,314 34,189
Other assets 3,954 3,889
Total other long-term assets 45,401 40,152
Total Assets 398,417 363,529
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 13,049,237 shares in 2020 and 13,014,898 shares in 2019 85,375 83,976
Retained earnings 56,053 50,209
Total common stockholders' equity 141,428 134,185
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 116,829 94,535
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 0 6,500
Accounts payable 6,770 3,452
Dividends payable 2,102 2,096
Accrued compensation and benefits 1,175 1,247
Accrued interest 1,068 914
Deferred regulatory liabilities 453 609
Other accrued expenses 352 338
Total current liabilities 11,920 15,156
DEFERRED CREDITS:    
Customers' advances for construction 10,291 7,844
Deferred income taxes 42,195 40,426
Deferred employee benefits 4,545 4,317
Deferred regulatory liabilities 27,149 24,790
Other deferred credits 2,919 2,247
Total deferred credits 87,099 79,624
Contributions in aid of construction 41,141 40,029
Total Stockholders' Equity and Liabilities $ 398,417 $ 363,529