v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Utility plant:    
Land $ 47,002 $ 45,861
Depreciable plant and equipment 4,557,964 4,215,619
Construction work in progress 287,596 247,013
Intangible assets 32,921 27,779
Total utility plant 4,925,483 4,536,272
Less accumulated depreciation and amortization (1,152,228) (1,063,341)
Net utility plant 3,773,255 3,472,931
Current assets:    
Cash and cash equivalents 39,591 62,100
Restricted cash 45,375 22,925
Receivables:    
Customers, net 59,349 55,079
Regulatory balancing accounts 64,240 66,826
Other, net 16,431 20,932
Unbilled revenue, net 36,999 33,140
Materials and supplies at weighted average cost 16,170 12,564
Taxes, prepaid expenses, and other assets 18,130 21,969
Total current assets 296,285 295,535
Other assets:    
Regulatory assets 257,621 283,620
Goodwill 37,039 36,814
Other 231,333 175,913
Total other assets 525,993 496,347
TOTAL ASSETS 4,595,533 4,264,813
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 57,724 and 55,598 outstanding in 2023 and 2022, respectively 577 556
Additional paid-in capital 876,583 760,336
Retained earnings 549,573 556,698
Noncontrolling interests 3,579 4,804
Total equity 1,430,312 1,322,394
Long-term debt, net 1,052,768 1,052,487
Total capitalization 2,483,080 2,374,881
Current liabilities:    
Current maturities of long-term debt, net 672 3,310
Short-term borrowings 180,000 70,000
Accounts payable 157,305 140,986
Regulatory balancing accounts 21,540 12,240
Accrued other taxes 4,591 8,607
Accrued interest 6,625 6,490
Other accrued liabilities 59,606 53,017
Total current liabilities 430,339 294,650
Deferred income taxes 352,762 330,251
Regulatory Liabilities 683,717 627,740
Pension 82,920 78,443
Advances for construction 199,448 199,832
Contributions in aid of construction 286,491 285,401
Other long-term liabilities 76,776 73,615
Commitments and contingencies (Note 14)
TOTAL CAPITALIZATION AND LIABILITIES $ 4,595,533 $ 4,264,813

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