Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Tables)

v3.19.3
Business Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
Segment financial results were as follows for the three and nine months ended September 30, 2019 and 2018 (in thousands):
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2019 2018    2019 2018
Revenues:
Land and resource management
 $ 65,076    $ 47,513    $ 284,223    $ 142,642   
Water services and operations
 33,454    25,655    92,941    64,377   
Total consolidated revenues $ 98,530    $ 73,168    $ 377,164    $ 207,019   
Net income:
Land and resource management
 $ 43,911    $ 36,385    $ 204,222    $ 109,700   
Water services and operations
 16,111    14,377    45,384    37,356   
Total consolidated net income $ 60,022    $ 50,762    $ 249,606    $ 147,056   
Capital expenditures:
Land and resource management
 $ 29    $ 909    $ 1,445    $ 2,464   
Water services and operations
 4,949    7,533    26,134    37,542   
Total capital expenditures $ 4,978    $ 8,442    $ 27,579    $ 40,006   
Depreciation and amortization:
Land and resource management
 $ 257    $ 160    $ 695    $ 330   
Water services and operations
 2,374    546    4,591    1,189   
Total depreciation and amortization $ 2,631    $ 706    $ 5,286    $ 1,519   
Schedule of Total Assets And Property, Plant, and Equipment
The following table presents total assets and property, plant and equipment, net by segment as of September 30, 2019 and December 31, 2018 (in thousands):
September 30, 2019 December 31, 2018
Assets:
Land and resource management
 $ 398,120    $ 198,922   
Water services and operations
 123,874    86,153   
Total consolidated assets $ 521,994    $ 285,075   
Property, plant and equipment, net:
Land and resource management
 $ 4,470    $ 3,720   
Water services and operations
 82,602    61,082   
Total consolidated property, plant and equipment, net $ 87,072    $ 64,802