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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Utility plant:    
Land $ 18,303 $ 18,296
Depreciable plant and equipment 1,870,156 1,833,051
Construction in progress 100,350 68,765
Intangible assets 15,799 15,799
Utility plant, gross 2,004,608 1,935,911
Less accumulated depreciation and amortization 635,005 607,090
Utility plant, net 1,369,603 1,328,821
Real estate investments 56,473 56,336
Less accumulated depreciation and amortization 12,925 12,327
Total 43,548 44,009
Cash and cash equivalents:    
Cash 9,849 8,722
Money market fund 412,000 412,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts 24,350 19,154
Income tax 1,397 1,888
Other 2,456 1,203
Accrued unbilled utility revenue 32,800 27,974
Current regulatory assets, net 15,904 26,910
Other current assets 5,163 4,871
Current assets 503,919 502,722
OTHER ASSETS:    
Net regulatory assets, less current portion 81,746 76,715
Other 4,834 4,122
Other assets 86,580 80,837
Assets 2,003,650 1,956,389
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 36,000,000 shares; issued and outstanding shares 28,442,139 on June 30, 2019 and 28,404,316 on December 31, 2018 28 28
Additional paid-in capital 497,633 495,366
Retained earnings 396,334 393,918
Total stockholders’ equity 893,995 889,312
Long-term debt, less current portion 510,859 431,424
Capitalization, Long-term Debt and Equity 1,404,854 1,320,736
CURRENT LIABILITIES:    
Line of credit 55,000 100,000
Accrued groundwater extraction charges, purchased water and power 17,625 13,694
Accounts payable 28,253 24,937
Accrued interest 7,972 7,132
Accrued property taxes and other non-income taxes 1,042 1,926
Accrued payroll 5,573 7,181
Other current liabilities 11,593 9,115
Current liabilities 127,058 163,985
DEFERRED INCOME TAXES 76,983 79,651
ADVANCES FOR CONSTRUCTION 83,454 80,610
CONTRIBUTIONS IN AID OF CONSTRUCTION 168,515 168,243
POSTRETIREMENT BENEFIT PLANS 72,432 70,490
REGULATORY LIABILITY 57,901 59,149
OTHER NONCURRENT LIABILITIES 12,453 13,525
COMMITMENTS AND CONTINGENCIES 0 0
Capitalization and liabilities $ 2,003,650 $ 1,956,389