v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Utility plant:    
Utility plant $ 5,022,535 $ 4,925,483
Less accumulated depreciation and amortization (1,174,013) (1,152,228)
Net utility plant 3,848,522 3,773,255
Current assets:    
Cash and cash equivalents 42,814 39,591
Restricted cash 45,449 45,375
Receivables:    
Customers, net 51,346 59,349
Regulatory balancing accounts 56,125 64,240
Other, net 18,074 16,431
Unbilled revenue, net 28,769 36,999
Materials and supplies 16,934 16,170
Taxes, prepaid expenses, and other assets 23,615 18,130
Total current assets 283,126 296,285
Other assets:    
Regulatory assets 384,501 257,621
Goodwill 37,039 37,039
Other 227,646 231,333
Total other assets 649,186 525,993
TOTAL ASSETS 4,780,834 4,595,533
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 57,754 and 57,724 outstanding on March 31, 2024 and December 31, 2023, respectively 578 577
Additional paid-in capital 876,894 876,583
Retained earnings 603,326 549,573
Accumulated other comprehensive loss (13,366) 0
Noncontrolling interests 3,405 3,579
Total equity 1,470,837 1,430,312
Long-term debt, net 1,052,099 1,052,768
Total capitalization 2,522,936 2,483,080
Current liabilities:    
Current maturities of long-term debt, net 1,176 672
Short-term borrowings 280,000 180,000
Accounts payable 119,839 157,305
Regulatory balancing accounts 16,644 21,540
Accrued interest 18,332 6,625
Accrued expenses and other liabilities 71,892 64,197
Total current liabilities 507,883 430,339
Deferred income taxes 369,600 352,762
Regulatory liabilities and other 809,165 760,493
Pension 83,252 82,920
Advances for construction 197,955 199,448
Contributions in aid of construction 290,043 286,491
Commitments and contingencies (Note 9)
TOTAL CAPITALIZATION AND LIABILITIES $ 4,780,834 $ 4,595,533

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