XML 15 R3.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
UTILITY PLANT: Water Production $ 323,691 $ 314,924
Transmission and Distribution 890,445 855,497
General 106,949 105,167
Construction Work in Progress 43,615 34,209
TOTAL 1,364,700 1,309,797
Less Accumulated Depreciation 264,521 254,425
UTILITY PLANT - NET 1,100,179 1,055,372
CURRENT ASSETS: Cash and Cash Equivalents 2,560 4,226
Accounts Receivable, net of allowance for credit losses of $2,101 and $2,695 in 2025 and 2024, respectively 20,888 18,842
Unbilled Revenues 13,101 10,764
Materials and Supplies (at average cost) 6,923 6,719
Prepayments 6,038 2,422
TOTAL CURRENT ASSETS 49,510 42,973
OTHER ASSETS: Operating Lease Right of Use Asset 2,268 2,567
Restricted Cash 1,675
Regulatory Assets 105,448 101,783
Non-utility Assets - Net 12,061 11,760
Employee Benefit Plans 39,274 36,856
Other 5,475 3,863
TOTAL OTHER ASSETS 166,201 156,829
TOTAL ASSETS 1,315,890 1,255,174
CAPITALIZATION AND LIABILITIES    
CAPITALIZATION: Common Stock, No Par Value, authorized 40,000, issued 18,016 and 17,887 in 2025 and 2024, respectively 252,688 248,202
Retained Earnings 205,095 197,061
TOTAL COMMON EQUITY 457,783 445,263
Preferred Stock, No Par Value; authorized 120; issued 13 1,352 1,635
Long-term Debt 351,084 352,822
TOTAL CAPITALIZATION 810,219 799,720
CURRENT Current Portion of Long-term Debt 7,633 7,711
LIABILITIES: Notes Payable 55,200 23,000
Accounts Payable 30,779 28,050
Accrued Taxes 15,371 11,976
Accrued Interest 3,070 2,916
Unearned Revenues and Advanced Service Fees 1,841 1,476
Other 7,588 7,759
TOTAL CURRENT LIABILITIES 121,482 82,888
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
OTHER LIABILITIES: Advances for Construction 23,447 22,629
Lease Obligations 2,116 2,432
Accumulated Deferred Income Taxes 107,321 101,235
Regulatory Liabilities 63,836 64,557
Other 286 344
TOTAL OTHER LIABILITIES 197,006 191,197
CONTRIBUTIONS IN AID OF CONSTRUCTION 187,183 181,369
TOTAL CAPITALIZATION AND LIABILITIES $ 1,315,890 $ 1,255,174