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Property, Plant and Equipment
Property, plant and equipment, net consisted of the following as of June 30, 2019 and December 31, 2018 (in thousands):
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June 30, 2019 |
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December 31, 2018 |
Property, plant and equipment: |
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Water service-related assets (1)
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$ |
83,955 |
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$ |
62,919 |
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Furniture, fixtures and equipment |
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5,814 |
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|
4,297 |
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Other |
|
598 |
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|
598 |
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Property, plant and equipment at cost |
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90,367 |
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|
67,814 |
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Less: accumulated depreciation |
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(5,575 |
) |
|
(3,012 |
) |
Property, plant and equipment, net |
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$ |
84,792 |
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$ |
64,802 |
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(1) Water service-related assets reflect assets related to water sourcing and water re-use projects.
Depreciation expense was $1.4 million and $0.5 million for the three months ended June 30, 2019 and 2018, respectively. Depreciation expense was $2.6 million and $0.8 million for the six months ended June 30, 2019 and 2018, respectively.
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