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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Utility plant:    
Land $ 45,047 $ 45,672
Depreciable plant and equipment 3,899,629 3,645,770
Construction work in progress 222,713 171,414
Intangible assets 29,955 27,567
Total utility plant 4,197,344 3,890,423
Less accumulated depreciation and amortization (1,350,482) (1,239,865)
Net utility plant 2,846,862 2,650,558
Current assets:    
Cash and cash equivalents 78,380 44,555
Receivables:    
Customers, net 60,785 44,025
Regulatory balancing accounts 78,597 96,241
Other, net 18,452 20,331
Unbilled revenue, net 32,760 34,069
Materials and supplies at weighted average cost 9,511 8,831
Taxes, prepaid expenses, and other assets 21,973 17,964
Total current assets 300,458 266,016
Other assets:    
Regulatory assets 285,692 325,376
Goodwill 36,814 31,842
Other 153,445 120,456
Total other assets 475,951 477,674
TOTAL ASSETS 3,623,271 3,394,248
Capitalization:    
Common stock, $0.01 par value; 68,000 shares authorized, 53,716 and 50,334 outstanding in 2021 and 2020, respectively 537 503
Additional paid-in capital 651,121 448,632
Retained earnings 525,936 472,209
Noncontrolling interests 5,386 0
Total equity 1,182,980 921,344
Long-term debt, net 1,055,794 781,100
Total capitalization 2,238,774 1,702,444
Current liabilities:    
Current maturities of long-term debt, net 5,192 5,127
Short-term borrowings 35,000 370,000
Accounts payable 144,369 131,725
Regulatory balancing accounts 17,547 34,636
Accrued other taxes 5,379 4,477
Accrued interest 6,542 6,178
Other accrued liabilities 42,547 36,563
Total current liabilities 256,576 588,706
Deferred income taxes 298,945 276,032
Regulatory liabilities 180,428 180,718
Pension 92,287 115,581
Total refunds 198,086 195,625
Contributions in aid of construction 285,665 268,050
Other long-term liabilities 72,510 67,092
Commitments and contingencies (Note 15)
TOTAL CAPITALIZATION AND LIABILITIES $ 3,623,271 $ 3,394,248