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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Utility plant:    
Land $ 34,395,000 $ 18,296,000
Depreciable plant and equipment 2,988,454,000 1,833,051,000
Construction in progress 112,232,000 68,765,000
Intangible assets 33,424,000 15,799,000
Property, Plant and Equipment, Gross 3,168,505,000 1,935,911,000
Less accumulated depreciation and amortization 962,019,000 607,090,000
Public Utilities, Property, Plant and Equipment, Net 2,206,486,000 1,328,821,000
Real estate investments 57,699,000 56,336,000
Less accumulated depreciation and amortization 13,597,000 12,327,000
Property, Plant and Equipment, Net 44,102,000 44,009,000
Current assets:    
Cash 12,944,000 8,722,000
Restricted fund 5,000,000 0
Money market fund 0 412,000,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $1,512 and $272 in 2019 and 2018, respectively 36,305,000 19,154,000
Income tax 8,837,000 1,888,000
Other 2,833,000 1,203,000
Accrued unbilled utility revenue 40,102,000 27,974,000
Current regulatory assets, net 6,472,000 26,910,000
Other current assets 9,553,000 4,871,000
Assets, Current 122,046,000 502,722,000
Other assets:    
Net regulatory assets, less current portion 113,945,000 76,715,000
Investments 12,928,000 0
Goodwill 628,287,000 1,680,000
Other 4,676,000 2,442,000
Assets, Noncurrent 759,836,000 80,837,000
Assets 3,132,470,000 1,956,389,000
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares in 2019 and 36,000,000 shares in 2018; issued and outstanding 28,456,508 shares in 2019 and 28,404,316 shares in 2018 28,000 28,000
Additional paid-in capital 506,639,000 495,366,000
Retained earnings 383,191,000 393,918,000
Accumulated other comprehensive income 126,000 0
Total stockholders’ equity 889,984,000 889,312,000
Long-term debt, less current portion 1,283,597,000 431,424,000
Capitalization, Long-term Debt and Equity 2,173,581,000 1,320,736,000
Current liabilities:    
Lines of credit 117,209,000 100,000,000
Current portion of long-term debt 22,272,000 0
Accrued groundwater extraction charges, purchased water and power 17,211,000 13,694,000
Accounts payable 34,886,000 24,937,000
Accrued interest 13,140,000 7,132,000
Accrued property taxes and other non-income taxes 2,039,000 1,926,000
Accrued payroll 11,570,000 7,181,000
Other current liabilities 16,240,000 9,115,000
Liabilities, Current 234,567,000 163,985,000
Deferred income taxes 195,598,000 79,651,000
Advances for construction 112,339,000 80,610,000
Contributions in aid of construction 286,035,000 168,243,000
Postretirement benefit plans 108,044,000 70,490,000
Regulatory liabilities, net 0 59,149,000
Other noncurrent liabilities 22,306,000 13,525,000
Commitments and contingencies 0 0
Liabilities and Equity $ 3,132,470,000 $ 1,956,389,000