Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 27,106	$ 15,908
Marketable securities - available-for-sale	39,084	63,749
Accounts receivable	9,950	10,876
Inventories	2,792	2,618
Prepaid expenses and other current assets	3,252	3,348
Total current assets	82,184	96,499
Real estate and improvements - held for lease, net	18,674	18,953
Real estate development (includes $104,491 at December 31, 2019 and $100,311 at December 31, 2018, attributable to Centennial Founders, LLC, Note 17)	297,581	283,385
Property and equipment, net	45,072	46,086
Investments in unconsolidated joint ventures	38,240	28,602
Net investment in water assets	54,155	51,832
Deferred tax assets	713	1,229
Other assets	2,803	2,462
TOTAL ASSETS	539,422	529,048
Current Liabilities:
Trade accounts payable	6,145	6,037
Accrued liabilities and other	3,463	3,575
Deferred income	1,346	2,863
Current maturities of long-term debt	4,182	4,018
Total current liabilities	15,136	16,493
Long-term debt, less current portion	57,476	61,780
Long-term deferred gains	5,731	3,405
Other liabilities	15,455	12,698
Total liabilities	93,798	94,376
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,096,797 at December 31, 2019 and 25,972,080 at December 31, 2018	13,048	12,986
Additional paid-in capital	338,745	336,520
Accumulated other comprehensive loss	(6,771)	(4,857)
Retained earnings	85,227	74,647
Total Tejon Ranch Co. Stockholders’ Equity	430,249	419,296
Non-controlling interest	15,375	15,376
Total equity	445,624	434,672
TOTAL LIABILITIES AND EQUITY	$ 539,422	$ 529,048