Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 25,048	$ 27,106
Marketable securities - available-for-sale	34,228	39,084
Accounts receivable	4,085	9,950
Inventories	5,227	2,792
Prepaid expenses and other current assets	3,685	3,252
Total current assets	72,273	82,184
Real estate and improvements - held for lease, net	18,578	18,674
Real estate development (includes $105,391 at March 31, 2020 and $104,491 at December 31, 2019, attributable to Centennial Founders, LLC, Note 15)	301,072	297,581
Property and equipment, net	45,150	45,072
Investments in unconsolidated joint ventures	39,554	38,240
Net investment in water assets	56,799	54,155
Deferred tax assets	1,251	713
Other assets	2,778	2,803
TOTAL ASSETS	537,455	539,422
Current Liabilities:
Trade accounts payable	4,875	6,145
Accrued liabilities and other	3,448	3,463
Deferred income	2,085	1,346
Current maturities of long-term debt	4,258	4,182
Total current liabilities	14,666	15,136
Long-term debt, less current portion	55,686	57,476
Long-term deferred gains	5,734	5,731
Other liabilities	19,236	15,455
Total liabilities	95,322	93,798
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,212,484 at March 31, 2020 and 26,096,797 at December 31, 2019	13,106	13,048
Additional paid-in capital	338,710	338,745
Accumulated other comprehensive loss	(9,601)	(6,771)
Retained earnings	84,545	85,227
Total Tejon Ranch Co. Stockholders’ Equity	426,760	430,249
Non-controlling interest	15,373	15,375
Total equity	442,133	445,624
TOTAL LIABILITIES AND EQUITY	$ 537,455	$ 539,422