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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Utility plant:    
Land $ 45,047 $ 44,019
Depreciable plant and equipment 3,235,415 2,950,424
Construction work in progress 245,169 210,260
Intangible assets 24,854 24,743
Total utility plant 3,550,485 3,229,446
Less accumulated depreciation and amortization (1,144,115) (996,723)
Net utility plant 2,406,370 2,232,723
Current assets:    
Cash and cash equivalents 42,653 47,176
Receivables: net of allowance for doubtful accounts of $771 and $757 in 2019 and 2018, respectively    
Customers 32,058 30,037
Regulatory balancing accounts 38,225 42,394
Other 14,187 17,101
Unbilled revenue 34,879 33,427
Materials and supplies at weighted average cost 7,745 6,586
Taxes, prepaid expenses, and other assets 14,965 11,981
Total current assets 184,712 188,702
Other assets:    
Regulatory assets 433,322 353,569
Goodwill 2,615 2,615
Other 84,289 60,095
Total other assets 520,226 416,279
TOTAL ASSETS 3,111,308 2,837,704
Capitalization:    
Common stock, $0.01 par value; 68,000 shares authorized, 48,532 and 48,065 outstanding in 2019 and 2018, respectively 485 481
Additional paid-in capital 362,275 337,623
Retained earnings 417,146 392,053
Total common stockholders' equity 779,906 730,157
Long-term debt, net 786,754 710,027
Total capitalization 1,566,660 1,440,184
Current liabilities:    
Current maturities of long-term debt, net 21,868 104,911
Short-term borrowings 175,100 65,100
Accounts payable 108,463 95,580
Regulatory balancing accounts 4,462 12,213
Accrued other taxes 4,445 4,182
Accrued interest 5,810 5,674
Other accrued liabilities 38,573 33,506
Total current liabilities 358,721 321,166
Unamortized investment tax credits 1,575 1,649
Deferred income taxes 222,590 213,033
Regulatory liabilities 211,413 211,275
Pension and postretirement benefits other than pensions 258,907 193,538
Advances for construction 191,062 186,342
Contributions in aid of construction 241,537 225,270
Other long-term liabilities 58,843 45,247
Commitments and contingencies
TOTAL CAPITALIZATION AND LIABILITIES $ 3,111,308 $ 2,837,704