Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 20,107	$ 1,258
Marketable securities - available-for-sale	70,868	26,675
Accounts receivable	7,608	8,740
Inventories	2,469	3,084
Prepaid expenses and other current assets	2,849	3,107
Total current assets	103,901	42,864
Real estate and improvements - held for lease, net	19,115	20,026
Real estate development (includes $94,271 at December 31, 2017 and $89,381 at December 31, 2016, attributable to Centennial Founders, LLC, Note 17)	267,336	248,265
Property and equipment, net	45,332	46,034
Investments in unconsolidated joint ventures	30,031	33,803
Net investment in water assets	47,130	43,764
Deferred tax assets	1,562	2,282
Other assets	3,792	2,663
TOTAL ASSETS	518,199	439,701
Current Liabilities:
Trade accounts payable	3,545	2,415
Accrued liabilities and other	1,810	3,188
Deferred income	1,118	1,529
Revolving line-of-credit	0	7,700
Current maturities of long-term debt	4,004	3,853
Total current liabilities	10,477	18,685
Long-term debt, less current portion	65,816	69,853
Long-term deferred gains	3,405	3,662
Other liabilities	11,691	13,034
Total liabilities	91,389	105,234
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Common stock, $.50 par value per share: Authorized shares - 30,000,000, Issued and outstanding shares - 25,894,773 at December 31, 2017 and 20,810,301 at December 31, 2016	12,947	10,405
Additional paid-in capital	320,167	229,762
Accumulated other comprehensive loss	(5,264)	(6,239)
Retained earnings	70,392	71,947
Total Tejon Ranch Co. Stockholders’ Equity	398,242	305,875
Non-controlling interest	28,568	28,592
Total equity	426,810	334,467
TOTAL LIABILITIES AND EQUITY	$ 518,199	$ 439,701