CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 27,342	$ 39,119
Marketable securities - available-for-sale	39,651	33,444
Accounts receivable	2,414	4,453
Inventories	7,558	3,369
Prepaid expenses and other current assets	4,324	2,660
Total current assets	81,289	83,045
Real estate and improvements - held for lease, net	16,887	16,940
Real estate development (includes $116,781 at June 30, 2023 and $115,221 at December 31, 2022, attributable to CFL, Note 15)	327,521	321,293
Property and equipment, net	54,520	52,980
Investments in unconsolidated joint ventures	38,350	41,891
Net investment in water assets	51,157	47,045
Other assets	3,220	3,597
TOTAL ASSETS	572,944	566,791
Current Liabilities:
Trade accounts payable	5,362	5,117
Accrued liabilities and other	2,424	3,602
Deferred income	1,884	1,531
Income taxes payable	873	0
Current maturities of long-term debt	1,822	1,779
Total current liabilities	12,365	12,029
Long-term debt, less current portion	47,258	48,161
Long-term deferred gains	11,447	11,447
Deferred tax liability	7,177	7,180
Other liabilities	15,620	10,380
Total liabilities	93,867	89,197
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,718,773 at June 30, 2023 and 26,541,553 at December 31, 2022	13,359	13,271
Additional paid-in capital	344,434	345,344
Accumulated other comprehensive loss	(1,767)	(2,028)
Retained earnings	107,684	105,643
Total Tejon Ranch Co. Stockholders’ Equity	463,710	462,230
Noncontrolling interest	15,367	15,364
Total equity	479,077	477,594
TOTAL LIABILITIES AND EQUITY	$ 572,944	$ 566,791