v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Utility plant:    
Utility plant $ 5,263,692 $ 4,925,483
Less accumulated depreciation and amortization (1,222,808) (1,152,228)
Net utility plant 4,040,884 3,773,255
Current assets:    
Cash and cash equivalents 59,556 39,591
Restricted cash 45,641 45,375
Receivables:    
Customers, net 81,075 59,349
Regulatory balancing accounts 59,095 64,240
Other, net 20,254 16,431
Accrued and unbilled revenue, net 55,971 36,999
Materials and supplies 19,872 16,170
Taxes, prepaid expenses, and other assets 21,487 18,130
Total current assets 362,951 296,285
Other assets:    
Regulatory assets 340,419 257,621
Goodwill 37,039 37,039
Other 233,615 231,333
Total other assets 611,073 525,993
TOTAL ASSETS 5,014,908 4,595,533
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 59,473 and 57,724 outstanding on September 30, 2024 and December 31, 2023, respectively 595 577
Additional paid-in capital 965,278 876,583
Retained earnings 671,913 549,573
Accumulated other comprehensive loss (9,197) 0
Noncontrolling interests 3,043 3,579
Total equity 1,631,632 1,430,312
Long-term debt, net 1,051,585 1,052,768
Total capitalization 2,683,217 2,483,080
Current liabilities:    
Current maturities of long-term debt, net 890 672
Short-term borrowings 260,000 180,000
Accounts payable 171,501 157,305
Regulatory balancing accounts 24,133 21,540
Accrued interest 17,131 6,625
Accrued expenses and other liabilities 97,074 64,197
Total current liabilities 570,729 430,339
Deferred income taxes 365,598 352,762
Regulatory liabilities 734,925 683,717
Pension 83,412 82,920
Advances for construction 201,417 199,448
Contributions in aid of construction 292,540 286,491
Other 83,070 76,776
Commitments and contingencies (Note 9)
TOTAL CAPITALIZATION AND LIABILITIES $ 5,014,908 $ 4,595,533

Source

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