Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 36,195	$ 55,320
Marketable securities - available-for-sale	10,983	2,771
Accounts receivable	6,473	4,592
Inventories	5,702	2,990
Prepaid expenses and other current assets	3,619	2,842
Total current assets	62,972	68,515
Real estate and improvements - held for lease, net	17,301	17,660
Real estate development (includes $112,063 at December 31, 2021 and $108,600 at December 31, 2020, attributable to Centennial Founders, LLC, Note 17)	319,030	310,439
Property and equipment, net	50,699	46,246
Investments in unconsolidated joint ventures	43,418	33,524
Net investment in water assets	50,997	56,698
Other assets	1,619	3,267
TOTAL ASSETS	546,036	536,349
Current Liabilities:
Trade accounts payable	4,545	3,367
Accrued liabilities and other	3,451	3,305
Income taxes payable	1,217	0
Deferred income	1,907	1,972
Current maturities of long-term debt	4,475	4,295
Total current liabilities	15,595	12,939
Long-term debt, less current portion	48,155	52,587
Long-term deferred gains	8,409	5,550
Deferred tax liability	2,898	925
Other liabilities	14,468	19,017
Total liabilities	89,525	91,018
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,400,921 at December 31, 2021 and 26,276,830 at December 31, 2020	13,200	13,137
Additional paid-in capital	344,936	342,059
Accumulated other comprehensive loss	(6,822)	(9,720)
Retained earnings	89,835	84,487
Total Tejon Ranch Co. Stockholders’ Equity	441,149	429,963
Non-controlling interest	15,362	15,368
Total equity	456,511	445,331
TOTAL LIABILITIES AND EQUITY	$ 546,036	$ 536,349