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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Utility plant:    
Land $ 39,004 $ 36,845
Depreciable plant and equipment 3,381,908 3,198,060
Construction in progress 176,427 109,976
Intangible assets 36,276 35,167
Property, plant, and equipment, gross 3,633,615 3,380,048
Less accumulated depreciation and amortization 1,136,116 1,045,136
Public utilities, property, plant and equipment, net 2,497,499 2,334,912
Real estate investments and nonutilty properties 57,632 58,129
Less accumulated depreciation and amortization 15,951 14,783
Real estate investments, net 41,681 43,346
Cash and cash equivalents:    
Cash 10,908 5,269
Restricted cash 1,211 4,000
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $4,600 and $3,891 in 2021 and 2020, respectively 53,699 46,832
Income tax 2,308 7,041
Other 4,735 4,269
Accrued unbilled utility revenue 44,026 44,950
Current regulatory assets, net 2,629 1,748
Prepaid expenses 9,667 8,097
Other current assets 4,902 5,125
Total current assets 134,085 127,331
Other assets:    
Net regulatory assets, less current portion 151,992 156,482
Investments 15,784 14,367
Goodwill 640,471 628,144
Other 10,883 6,883
Total other assets 819,130 805,876
Total assets 3,492,395 3,311,465
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares in 2021 and 2020; issued and outstanding 30,181,348 shares in 2021 and 28,556,605 shares in 2020 30 29
Additional paid-in capital 606,392 510,158
Retained earnings 428,260 408,037
Accumulated other comprehensive (loss) (163) (1,064)
Total stockholders’ equity 1,034,519 917,160
Long-term debt, less current portion 1,492,935 1,287,580
Capitalization, long-term debt and equity 2,527,454 2,204,740
Current liabilities:    
Lines of credit 62,996 175,094
Current portion of long-term debt 39,106 76,241
Accrued groundwater extraction charges, purchased water and power 17,200 19,184
Accounts payable 30,391 34,200
Accrued interest 14,174 12,861
Accrued payroll 11,583 14,012
Other current liabilities 27,821 19,203
Total current liabilities 203,271 350,795
Deferred income taxes 200,451 191,415
Advances for construction 130,693 125,027
Contributions in aid of construction 316,479 296,105
Postretirement benefit plans 89,998 121,597
Other noncurrent liabilities 24,049 21,786
Total equity and liabilities $ 3,492,395 $ 3,311,465