Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 55,320	$ 27,106
Marketable securities - available-for-sale	2,771	39,084
Accounts receivable	4,592	9,950
Inventories	2,990	2,792
Prepaid expenses and other current assets	2,842	3,252
Total current assets	68,515	82,184
Real estate and improvements - held for lease, net	17,660	18,674
Real estate development (includes $108,600 at December 31, 2020 and $104,491 at December 31, 2019, attributable to Centennial Founders, LLC, Note 17)	310,439	297,581
Property and equipment, net	46,246	45,072
Investments in unconsolidated joint ventures	33,524	38,240
Net investment in water assets	56,698	54,155
Deferred tax assets	0	713
Other assets	3,267	2,803
TOTAL ASSETS	536,349	539,422
Current Liabilities:
Trade accounts payable	3,367	6,145
Accrued liabilities and other	3,305	3,463
Deferred income	1,972	1,346
Current maturities of long-term debt	4,295	4,182
Total current liabilities	12,939	15,136
Long-term debt, less current portion	52,587	57,476
Long-term deferred gains	5,550	5,731
Deferred tax liability	925	0
Other liabilities	19,017	15,455
Total liabilities	91,018	93,798
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,276,830 at December 31, 2020 and 26,096,797 at December 31, 2019	13,137	13,048
Additional paid-in capital	342,059	338,745
Accumulated other comprehensive loss	(9,720)	(6,771)
Retained earnings	84,487	85,227
Total Tejon Ranch Co. Stockholders’ Equity	429,963	430,249
Non-controlling interest	15,368	15,375
Total equity	445,331	445,624
TOTAL LIABILITIES AND EQUITY	$ 536,349	$ 539,422