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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Utility plant:    
Land $ 39,900 $ 39,004
Depreciable plant and equipment 3,468,240 3,381,908
Construction in progress 192,580 176,427
Intangible assets 36,220 36,276
Property, plant, and equipment, gross 3,736,940 3,633,615
Less accumulated depreciation and amortization 1,183,159 1,136,116
Public utilities, property, plant and equipment, net 2,553,781 2,497,499
Real estate investments and nonutility properties 58,234 57,632
Less accumulated depreciation and amortization 16,553 15,951
Real estate investment property, total 41,681 41,681
Cash and cash equivalents:    
Cash 12,049 10,908
Restricted cash 602 1,211
Accounts receivable:    
Customers, net of allowances for uncollectible accounts of $5,222 and $4,600 on June 30, 2022 and December 31, 2021, respectively 58,815 53,699
Income tax 0 2,308
Other 4,079 4,735
Accrued unbilled utility revenue 47,824 44,026
Prepaid expenses 8,106 9,667
Current regulatory assets, net 2,841 2,629
Other current assets 4,476 4,902
Total current assets 138,792 134,085
OTHER ASSETS:    
Net regulatory assets, less current portion 139,312 151,992
Investments 15,011 15,784
Goodwill 640,311 640,471
Other 12,159 10,883
Total other assets 806,793 819,130
Total assets 3,541,047 3,492,395
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 70,000,000 shares; issued and outstanding shares 30,247,674 on June 30, 2022 and 30,181,348 on December 31, 2021 30 30
Additional paid-in capital 608,666 606,392
Retained earnings 421,741 428,260
Accumulated other comprehensive income (592) (163)
Total stockholders’ equity 1,029,845 1,034,519
Long-term debt, less current portion 1,455,709 1,492,935
Capitalization, long-term debt and equity 2,485,554 2,527,454
CURRENT LIABILITIES:    
Line of credit 141,336 62,996
Current portion of long-term debt 38,966 39,106
Accrued groundwater extraction charges, purchased water and power 24,798 17,200
Accounts payable 26,580 30,391
Accrued interest 14,615 14,174
Accrued payroll 9,814 11,583
Income tax payable 1,087 0
Other current liabilities 20,633 27,821
Total current liabilities 277,829 203,271
DEFERRED INCOME TAXES 203,561 200,451
ADVANCES FOR CONSTRUCTION 138,430 130,693
CONTRIBUTIONS IN AID OF CONSTRUCTION 319,564 316,479
POSTRETIREMENT BENEFIT PLANS 92,060 89,998
OTHER NONCURRENT LIABILITIES 24,049 24,049
COMMITMENTS AND CONTINGENCIES
Total capitalization and liabilities $ 3,541,047 $ 3,492,395