CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 18,364	$ 36,195
Marketable securities - available-for-sale	27,185	10,983
Accounts receivable	2,751	6,473
Inventories	9,435	5,702
Prepaid expenses and other current assets	4,323	3,619
Total current assets	62,058	62,972
Real estate and improvements - held for lease, net	17,117	17,301
Real estate development (includes $113,627 at June 30, 2022 and $112,063 at December 31, 2021, attributable to Centennial Founders, LLC, Note 15)	326,835	319,030
Property and equipment, net	52,794	50,699
Investments in unconsolidated joint ventures	38,632	43,418
Net investment in water assets	49,295	50,997
Other assets	1,574	1,619
TOTAL ASSETS	548,305	546,036
Current Liabilities:
Trade accounts payable	4,437	4,545
Accrued liabilities and other	2,228	3,451
Deferred income	1,657	1,907
Income Taxes Payable	2,176	1,217
Current maturities of long-term debt	1,619	4,475
Total current liabilities	12,117	15,595
Long-term debt, less current portion	49,055	48,155
Long-term deferred gains	7,839	8,409
Deferred tax liability	4,029	2,898
Other liabilities	10,956	14,468
Total liabilities	83,996	89,525
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,484,947 at June 30, 2022 and 26,400,921 at December 31, 2021	13,242	13,200
Additional paid-in capital	346,137	344,936
Accumulated other comprehensive loss	(3,919)	(6,822)
Retained earnings	93,475	89,835
Total Tejon Ranch Co. Stockholders’ Equity	448,935	441,149
Non-controlling interest	15,374	15,362
Total equity	464,309	456,511
TOTAL LIABILITIES AND EQUITY	$ 548,305	$ 546,036