v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Utility plant:    
Land $ 45,861 $ 45,047
Depreciable plant and equipment 4,215,619 3,899,629
Construction work in progress 247,013 222,713
Intangible assets 27,779 29,955
Total utility plant 4,536,272 4,197,344
Less accumulated depreciation and amortization (1,477,402) (1,350,482)
Net utility plant 3,058,870 2,846,862
Current assets:    
Cash and cash equivalents 62,100 78,380
Restricted cash 22,925 2,273
Receivables:    
Customers, net 55,079 60,785
Regulatory balancing accounts 66,826 78,597
Other, net 20,932 18,452
Unbilled revenue, net 33,140 32,760
Materials and supplies at weighted average cost 12,564 9,511
Taxes, prepaid expenses, and other assets 21,969 19,700
Total current assets 295,535 300,458
Other assets:    
Regulatory assets 283,620 285,692
Goodwill 36,814 36,814
Other 175,913 153,445
Total other assets 496,347 475,951
TOTAL ASSETS 3,850,752 3,623,271
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 55,598 and 53,716 outstanding in 2022 and 2021, respectively 556 537
Additional paid-in capital 760,336 651,121
Retained earnings 556,698 514,873
Noncontrolling interests 4,804 5,386
Total equity 1,322,394 1,171,917
Long-term debt, net 1,052,487 1,055,794
Total capitalization 2,374,881 2,227,711
Current liabilities:    
Current maturities of long-term debt, net 3,310 5,192
Short-term borrowings 70,000 35,000
Accounts payable 140,986 144,369
Regulatory balancing accounts 12,240 32,908
Accrued other taxes 8,607 5,379
Accrued interest 6,490 6,542
Other accrued liabilities 53,017 42,547
Total current liabilities 294,650 271,937
Deferred income taxes 330,251 294,647
Regulatory Liabilities 213,679 180,428
Pension 78,443 92,287
Advances for construction 199,832 198,086
Contributions in aid of construction 285,401 285,665
Other long-term liabilities 73,615 72,510
Commitments and contingencies (Note 14)
TOTAL CAPITALIZATION AND LIABILITIES $ 3,850,752 $ 3,623,271

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