Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 21,975	$ 27,106
Marketable securities - available-for-sale	27,323	39,084
Accounts receivable	2,860	9,950
Inventories	7,452	2,792
Prepaid expenses and other current assets	4,831	3,252
Total current assets	64,441	82,184
Real estate and improvements - held for lease, net	17,841	18,674
Real estate development (includes $106,494 at June 30, 2020 and $104,491 at December 31, 2019, attributable to Centennial Founders, LLC, Note 15)	305,558	297,581
Property and equipment, net	45,776	45,072
Investments in unconsolidated joint ventures	41,246	38,240
Net investment in water assets	56,457	54,155
Deferred tax assets	1,351	713
Other assets	2,500	2,803
TOTAL ASSETS	535,170	539,422
Current Liabilities:
Trade accounts payable	4,031	6,145
Accrued liabilities and other	2,714	3,463
Deferred income	1,453	1,346
Current maturities of long-term debt	4,205	4,182
Total current liabilities	12,403	15,136
Long-term debt, less current portion	54,728	57,476
Long-term deferred gains	5,738	5,731
Other liabilities	19,324	15,455
Total liabilities	92,193	93,798
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,221,862 at June 30, 2020 and 26,096,797 at December 31, 2019	13,110	13,048
Additional paid-in capital	340,147	338,745
Accumulated other comprehensive loss	(9,872)	(6,771)
Retained earnings	84,212	85,227
Total Tejon Ranch Co. Stockholders’ Equity	427,597	430,249
Non-controlling interest	15,380	15,375
Total equity	442,977	445,624
TOTAL LIABILITIES AND EQUITY	$ 535,170	$ 539,422