v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Utility plant:    
Utility plant $ 5,141,580 $ 4,925,483
Less accumulated depreciation and amortization (1,199,399) (1,152,228)
Net utility plant 3,942,181 3,773,255
Current assets:    
Cash and cash equivalents 37,272 39,591
Restricted cash 45,403 45,375
Receivables:    
Customers, net 71,125 59,349
Regulatory balancing accounts 5,495 64,240
Other, net 17,110 16,431
Accrued unbilled revenue, net 48,812 36,999
Materials and supplies 17,645 16,170
Taxes, prepaid expenses, and other assets 23,948 18,130
Total current assets 266,810 296,285
Other assets:    
Regulatory assets 397,498 257,621
Goodwill 37,039 37,039
Other 227,714 231,333
Total other assets 662,251 525,993
TOTAL ASSETS 4,871,242 4,595,533
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 58,825 and 57,724 outstanding on June 30, 2024 and December 31, 2023, respectively 588 577
Additional paid-in capital 929,376 876,583
Retained earnings 627,705 549,573
Accumulated other comprehensive loss (13,068) 0
Noncontrolling interests 3,090 3,579
Total equity 1,547,691 1,430,312
Long-term debt, net 1,051,792 1,052,768
Total capitalization 2,599,483 2,483,080
Current liabilities:    
Current maturities of long-term debt, net 1,183 672
Short-term borrowings 245,000 180,000
Accounts payable 143,533 157,305
Regulatory balancing accounts 12,754 21,540
Accrued interest 6,666 6,625
Accrued expenses and other liabilities 103,364 64,197
Total current liabilities 512,500 430,339
Deferred income taxes 363,597 352,762
Regulatory liabilities 742,842 683,717
Pension 83,266 82,920
Advances for construction 199,640 199,448
Contributions in aid of construction 289,820 286,491
Other 80,094 76,776
Commitments and contingencies (Note 9)
TOTAL CAPITALIZATION AND LIABILITIES $ 4,871,242 $ 4,595,533

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