Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 3,505	$ 15,908
Marketable securities - available-for-sale	56,501	63,749
Accounts receivable	2,590	10,876
Inventories	8,140	2,618
Prepaid expenses and other current assets	3,757	3,348
Total current assets	74,493	96,499
Real estate and improvements - held for lease, net	18,864	18,953
Real estate development (includes $102,415 at June 30, 2019 and $100,311 at December 31, 2018, attributable to Centennial Founders, LLC, Note 15)	291,429	283,385
Property and equipment, net	46,995	46,086
Investments in unconsolidated joint ventures	37,151	28,602
Net investment in water assets	54,710	51,832
Deferred tax assets	1,714	1,229
Other assets	3,594	2,462
TOTAL ASSETS	528,950	529,048
Current Liabilities:
Trade accounts payable	5,660	6,037
Accrued liabilities and other	2,719	3,575
Deferred income	1,616	2,863
Current maturities of long-term debt	4,093	4,018
Total current liabilities	14,088	16,493
Long-term debt, less current portion	59,658	61,780
Long-term deferred gains	5,097	3,405
Other liabilities	15,046	12,698
Total liabilities	93,889	94,376
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,033,402 at June 30, 2019 and 25,972,080 at December 31, 2018	13,017	12,986
Additional paid-in capital	337,870	336,520
Accumulated other comprehensive loss	(6,682)	(4,857)
Retained earnings	75,473	74,647
Total Tejon Ranch Co. Stockholders’ Equity	419,678	419,296
Non-controlling interest	15,383	15,376
Total equity	435,061	434,672
TOTAL LIABILITIES AND EQUITY	$ 528,950	$ 529,048