Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 36,155	$ 27,106
Marketable securities - available-for-sale	14,199	39,084
Accounts receivable	9,731	9,950
Inventories	4,563	2,792
Prepaid expenses and other current assets	2,329	3,252
Total current assets	66,977	82,184
Real estate and improvements - held for lease, net	17,751	18,674
Real estate development (includes $107,528 at September 30, 2020 and $104,491 at December 31, 2019, attributable to Centennial Founders, LLC, Note 15)	309,917	297,581
Property and equipment, net	45,812	45,072
Investments in unconsolidated joint ventures	37,163	38,240
Net investment in water assets	56,104	54,155
Deferred tax assets	1,272	713
Other assets	2,068	2,803
TOTAL ASSETS	537,064	539,422
Current Liabilities:
Trade accounts payable	3,530	6,145
Accrued liabilities and other	4,395	3,463
Deferred income	2,168	1,346
Current maturities of long-term debt	4,251	4,182
Total current liabilities	14,344	15,136
Long-term debt, less current portion	53,672	57,476
Long-term deferred gains	5,550	5,731
Other liabilities	18,491	15,455
Total liabilities	92,057	93,798
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,229,307 at September 30, 2020 and 26,096,797 at December 31, 2019	13,114	13,048
Additional paid-in capital	341,587	338,745
Accumulated other comprehensive loss	(9,670)	(6,771)
Retained earnings	84,610	85,227
Total Tejon Ranch Co. Stockholders’ Equity	429,641	430,249
Non-controlling interest	15,366	15,375
Total equity	445,007	445,624
TOTAL LIABILITIES AND EQUITY	$ 537,064	$ 539,422