v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Utility plant:    
Utility plant $ 4,715,310 $ 4,536,272
Less accumulated depreciation and amortization (1,537,580) (1,477,402)
Net utility plant 3,177,730 3,058,870
Current assets:    
Cash and cash equivalents 55,595 62,100
Restricted cash 34,069 22,925
Receivables:    
Customers, net 62,978 55,079
Regulatory balancing accounts 61,333 66,826
Other, net 22,664 20,932
Unbilled revenue, net 39,171 33,140
Materials and supplies 13,862 12,564
Taxes, prepaid expenses, and other assets 22,184 21,969
Total current assets 311,856 295,535
Other assets:    
Regulatory assets 276,592 283,620
Goodwill 36,814 36,814
Other assets 187,209 175,913
Total other assets 500,615 496,347
TOTAL ASSETS 3,990,201 3,850,752
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 57,702 and 55,598 outstanding in 2023 and 2022, respectively 577 556
Additional paid-in capital 873,923 760,336
Retained earnings 515,016 556,698
Noncontrolling interests 4,451 4,804
Total equity 1,393,967 1,322,394
Long-term debt, net 1,052,070 1,052,487
Total capitalization 2,446,037 2,374,881
Current liabilities:    
Current maturities of long-term debt, net 1,825 3,310
Short-term borrowings 130,000 70,000
Accounts payable 138,272 140,986
Regulatory balancing accounts 29,277 12,240
Accrued interest 7,164 6,490
Accrued expenses and other liabilities 56,119 61,624
Total current liabilities 362,657 294,650
Deferred income taxes 327,856 330,251
Pension 80,008 78,443
Regulatory liabilities and other 283,496 287,294
Advances for construction 200,213 199,832
Contributions in aid of construction 289,934 285,401
Commitments and contingencies (Note 10)
TOTAL CAPITALIZATION AND LIABILITIES $ 3,990,201 $ 3,850,752

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