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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
UTILITY PLANT, at original cost $ 457,196 $ 438,670
Plant acquisition adjustments (3,673) (3,707)
Accumulated depreciation (94,377) (91,340)
Net utility plant 359,146 343,623
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $471 in 2021 and $458 in 2020 729 742
CURRENT ASSETS:    
Cash and cash equivalents 6 2
Restricted cash 0 5,000
Accounts receivable, net of reserves of $792 in 2021 and $655 in 2020 4,206 5,184
Unbilled revenues 3,179 2,847
Recoverable income taxes 653 721
Materials and supplies inventories, at cost 1,033 1,010
Prepaid expenses 1,808 1,526
Total current assets 10,885 16,290
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 3,802 2,209
Note receivable 255 255
Deferred regulatory assets 41,996 39,893
Other assets 4,163 3,945
Total other long-term assets 50,216 46,302
Total Assets 420,976 406,957
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 13,090,055 shares in 2021 and 13,060,817 shares in 2020 87,100 85,935
Retained earnings 60,606 57,317
Total common stockholders' equity 147,706 143,252
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 126,996 123,573
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 8,359 6,540
Dividends payable 2,193 2,192
Accrued compensation and benefits 1,469 1,417
Accrued interest 958 959
Deferred regulatory liabilities 581 525
Other accrued expenses 358 360
Total current liabilities 13,918 11,993
DEFERRED CREDITS:    
Customers' advances for construction 10,907 10,326
Deferred income taxes 45,787 43,538
Deferred employee benefits 4,821 4,793
Deferred regulatory liabilities 27,059 25,444
Other deferred credits 2,328 2,731
Total deferred credits 90,902 86,832
Contributions in aid of construction 41,454 41,307
Total Stockholders' Equity and Liabilities $ 420,976 $ 406,957