Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 9,113	$ 15,908
Marketable securities - available-for-sale	47,423	63,749
Accounts receivable	4,091	10,876
Inventories	5,790	2,618
Prepaid expenses and other current assets	3,558	3,348
Total current assets	69,975	96,499
Real estate and improvements - held for lease, net	18,771	18,953
Real estate development (includes $103,527 at September 30, 2019 and $100,311 at December 31, 2018, attributable to Centennial Founders, LLC, Note 15)	297,879	283,385
Property and equipment, net	46,424	46,086
Investments in unconsolidated joint ventures	42,177	28,602
Net investment in water assets	54,363	51,832
Deferred tax assets	1,952	1,229
Other assets	2,219	2,462
TOTAL ASSETS	533,760	529,048
Current Liabilities:
Trade accounts payable	3,744	6,037
Accrued liabilities and other	4,498	3,575
Deferred income	1,922	2,863
Revolving line of credit	5,000	0
Current maturities of long-term debt	4,137	4,018
Total current liabilities	19,301	16,493
Long-term debt, less current portion	58,625	61,780
Long-term deferred gains	5,185	3,405
Other liabilities	16,223	12,698
Total liabilities	99,334	94,376
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,041,530 at September 30, 2019 and 25,972,080 at December 31, 2018	13,021	12,986
Additional paid-in capital	338,091	336,520
Accumulated other comprehensive loss	(7,579)	(4,857)
Retained earnings	75,520	74,647
Total Tejon Ranch Co. Stockholders’ Equity	419,053	419,296
Non-controlling interest	15,373	15,376
Total equity	434,426	434,672
TOTAL LIABILITIES AND EQUITY	$ 533,760	$ 529,048