v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Utility plant:    
Land $ 56,621 $ 47,002
Depreciable plant and equipment 4,977,217 4,557,964
Construction work in progress 329,439 287,596
Intangible assets 37,212 32,921
Total utility plant 5,400,489 4,925,483
Less accumulated depreciation and amortization (1,241,785) (1,152,228)
Net utility plant 4,158,704 3,773,255
Current assets:    
Cash and cash equivalents 50,121 39,591
Restricted cash 45,566 45,375
Receivables:    
Customers, net 58,585 59,349
Regulatory balancing accounts 55,917 64,240
Other, net 33,976 16,431
Accrued and unbilled revenue, net 39,718 36,999
Materials and supplies 20,511 16,170
Taxes, prepaid expenses, and other assets 19,742 18,130
Total current assets 324,136 296,285
Other assets:    
Regulatory assets 357,406 257,621
Goodwill 37,063 37,039
Other 302,974 231,333
Total other assets 697,443 525,993
TOTAL ASSETS 5,180,283 4,595,533
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 59,484 and 57,724 outstanding in 2024 and 2023, respectively 595 577
Additional paid-in capital 966,975 876,583
Retained earnings 674,918 549,573
Accumulated other comprehensive loss (7,217) 0
Noncontrolling interest 3,015 3,579
Total equity 1,638,286 1,430,312
Long-term debt, net 1,104,571 1,052,768
Total capitalization 2,742,857 2,483,080
Current liabilities:    
Long-term debt, net 72,422 672
Short-term borrowings 205,000 180,000
Accounts payable 167,533 157,305
Regulatory balancing accounts 22,648 21,540
Accrued other taxes 6,084 4,591
Accrued interest 8,406 6,625
Other accrued liabilities 56,271 59,606
Total current liabilities 538,364 430,339
Deferred income taxes 411,083 352,762
Regulatory Liabilities 814,551 683,717
Pension 81,665 82,920
Advances for construction 202,614 199,448
Contributions in aid of construction 294,970 286,491
Other long-term liabilities 94,179 76,776
Contingencies and commitments (Note 15)
TOTAL CAPITALIZATION AND LIABILITIES $ 5,180,283 $ 4,595,533

Source

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