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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Utility plant:    
Land $ 34,929 $ 34,395
Depreciable plant and equipment 3,031,451 2,988,454
Construction in progress 144,429 112,232
Intangible assets 32,826 33,424
Utility plant, gross 3,243,635 3,168,505
Less accumulated depreciation and amortization 1,004,776 962,019
Utility plant, net 2,238,859 2,206,486
Real estate investments 58,023 57,699
Less accumulated depreciation and amortization 14,197 13,597
Total 43,826 44,102
Cash and cash equivalents:    
Cash 23,317 12,944
Restricted cash 0 5,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts 44,880 36,305
Income tax 2,783 8,837
Other 2,043 2,833
Accrued unbilled utility revenue 55,398 40,102
Current regulatory assets, net 5,691 6,472
Other current assets 11,431 9,553
Current assets 145,543 122,046
OTHER ASSETS:    
Net regulatory assets, less current portion 132,539 113,945
Investments 13,493 12,928
Goodwill 628,343 628,287
Other 7,374 4,676
Other assets 781,749 759,836
Assets 3,209,977 3,132,470
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 28,516,705 on June 30, 2020 and 28,456,508 on December 31, 2019 29 28
Additional paid-in capital 508,098 506,639
Retained earnings 387,003 383,191
Accumulated other comprehensive income 1 126
Total stockholders’ equity 895,131 889,984
Long-term debt, less current portion 1,315,979 1,283,597
Capitalization, Long-term Debt and Equity 2,211,110 2,173,581
CURRENT LIABILITIES:    
Line of credit 146,671 117,209
Current portion of long-term debt 22,354 22,272
Accrued groundwater extraction charges, purchased water and power 26,614 17,211
Accounts payable 24,295 34,886
Accrued interest 12,390 13,140
Accrued payroll 12,064 11,570
Other current liabilities 13,578 18,279
Current liabilities 257,966 234,567
DEFERRED INCOME TAXES 195,116 195,598
ADVANCES FOR CONSTRUCTION 120,808 112,339
CONTRIBUTIONS IN AID OF CONSTRUCTION 288,317 286,035
POSTRETIREMENT BENEFIT PLANS 113,983 108,044
OTHER NONCURRENT LIABILITIES 22,677 22,306
COMMITMENTS AND CONTINGENCIES 0 0
Capitalization and liabilities $ 3,209,977 $ 3,132,470