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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Utility plant:    
Utility plant $ 4,047,282 $ 3,890,423
Less accumulated depreciation and amortization (1,300,676) (1,239,865)
Net utility plant 2,746,606 2,650,558
Current assets:    
Cash and cash equivalents 66,483 44,555
Receivables:    
Customers, net 52,237 44,025
Regulatory balancing accounts 84,585 96,241
Other, net 19,469 20,331
Unbilled revenue, net 52,954 34,069
Materials and supplies at weighted average cost 9,589 8,831
Taxes, prepaid expenses, and other assets 20,269 17,964
Total current assets 305,586 266,016
Other assets:    
Regulatory assets 337,132 325,376
Goodwill 36,841 31,842
Other assets 122,588 120,456
Total other assets 496,561 477,674
TOTAL ASSETS 3,548,753 3,394,248
Capitalization:    
Common stock, $0.01 par value; 68,000 shares authorized, 51,535 and 50,334 outstanding in 2021 and 2020, respectively 515 503
Additional paid-in capital 512,484 448,632
Retained earnings 484,119 472,209
Noncontrolling interests 5,145 0
Total equity 1,002,263 921,344
Long-term debt, net 1,059,936 781,100
Total capitalization 2,062,199 1,702,444
Current liabilities:    
Current maturities of long-term debt, net 5,173 5,127
Short-term borrowings 145,000 370,000
Accounts payable 132,972 131,725
Regulatory balancing accounts 24,839 34,636
Accrued interest 6,853 6,178
Accrued expenses and other liabilities 47,542 41,040
Total current liabilities 362,379 588,706
Deferred income taxes 278,957 276,032
Pension and postretirement benefits other than pensions 112,893 115,581
Regulatory liabilities and other 255,017 247,810
Advances for construction 197,687 195,625
Contributions in aid of construction 279,621 268,050
Commitments and contingencies (Note 10)
TOTAL CAPITALIZATION AND LIABILITIES $ 3,548,753 $ 3,394,248