Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 15,908	$ 20,107
Marketable securities - available-for-sale	63,749	70,868
Accounts receivable	10,876	7,608
Inventories	2,618	2,469
Prepaid expenses and other current assets	3,348	2,849
Total current assets	96,499	103,901
Real estate and improvements - held for lease, net	18,953	19,115
Real estate development (includes $100,311 at December 31, 2018 and $94,271 at December 31, 2017, attributable to Centennial Founders, LLC, Note 17)	283,385	267,336
Property and equipment, net	46,086	45,332
Investments in unconsolidated joint ventures	28,602	30,031
Net investment in water assets	51,832	47,130
Deferred tax assets	1,229	1,562
Other assets	2,462	3,792
TOTAL ASSETS	529,048	518,199
Current Liabilities:
Trade accounts payable	6,037	3,545
Accrued liabilities and other	3,575	1,810
Deferred income	2,863	1,118
Current maturities of long-term debt	4,018	4,004
Total current liabilities	16,493	10,477
Long-term debt, less current portion	61,780	65,816
Long-term deferred gains	3,405	3,405
Other liabilities	12,698	11,691
Total liabilities	94,376	91,389
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 25,972,080 at December 31, 2018 and 25,894,773 at December 31, 2017	12,986	12,947
Additional paid-in capital	336,520	320,167
Accumulated other comprehensive loss	(4,857)	(5,264)
Retained earnings	74,647	70,392
Total Tejon Ranch Co. Stockholders’ Equity	419,296	398,242
Non-controlling interest	15,376	28,568
Total equity	434,672	426,810
TOTAL LIABILITIES AND EQUITY	$ 529,048	$ 518,199