v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
UTILITY PLANT: Water Production $ 320,230 $ 314,924
Transmission and Distribution 872,447 855,497
General 106,395 105,167
Construction Work in Progress 32,196 34,209
TOTAL 1,331,268 1,309,797
Less Accumulated Depreciation 259,278 254,425
UTILITY PLANT - NET 1,071,990 1,055,372
CURRENT ASSETS: Cash and Cash Equivalents 2,657 4,226
Accounts Receivable, net of allowance for credit losses of $2,163 and $2,695 in 2025 and 2024, respectively 20,121 18,842
Unbilled Revenues 10,284 10,764
Materials and Supplies (at average cost) 7,031 6,719
Prepayments 6,405 2,422
TOTAL CURRENT ASSETS 46,498 42,973
OTHER ASSETS: Operating Lease Right of Use Asset 2,417 2,567
Regulatory Assets 102,688 101,783
Non-utility Assets - Net 11,872 11,760
Employee Benefit Plans 38,039 36,856
Other 5,457 3,863
TOTAL OTHER ASSETS 160,473 156,829
TOTAL ASSETS 1,278,961 1,255,174
CAPITALIZATION: Common Stock, value 248,611 248,202
Retained Earnings 200,437 197,061
TOTAL COMMON EQUITY 449,048 445,263
Preferred Stock, value 1,614 1,635
Long-term Debt 351,258 352,822
TOTAL CAPITALIZATION 801,920 799,720
CURRENT Current Portion of Long-term Debt 7,720 7,711
LIABILITIES: Notes Payable 34,000 23,000
Accounts Payable 31,500 28,050
Accrued Taxes 17,444 11,976
Accrued Interest 2,455 2,916
Unearned Revenues and Advanced Service Fees 1,535 1,476
Other 6,566 7,759
TOTAL CURRENT LIABILITIES 101,220 82,888
COMMITMENTS AND CONTINGENT LIABILITIES
OTHER LIABILITIES: Advances for Construction 22,679 22,629
Lease Obligations 2,270 2,432
Accumulated Deferred Income Taxes 103,632 101,235
Regulatory Liabilities 63,884 64,557
Other 308 344
TOTAL OTHER LIABILITIES 192,773 191,197
CONTRIBUTIONS IN AID OF CONSTRUCTION 183,048 181,369
TOTAL CAPITALIZATION AND LIABILITIES $ 1,278,961 $ 1,255,174