ºÚÁϳԹÏÍø

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract] Ìý
Schedule of Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows (in thousands):
December 31, 2019 December 31, 2018
Cash and cash equivalents $ 303,645Ìý Ìý $ 119,647Ìý Ìý
Tax like-kind exchange escrow —Ìý Ìý 3,799Ìý Ìý
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 303,645Ìý Ìý $ 123,446Ìý Ìý
Schedule of Property, Plant and Equipment Depreciable lives by category are as follows:
Range of Estimated Useful Lives (in years)
Water wells and other water-related assets 3 to 30
Furniture, fixtures and equipment 5 to 7
Property, plant and equipment, net consisted of the following at December 31, 2019 and 2018 (in thousands):

Ìý December 31, 2019 December 31, 2018
Property, plant and equipment, at cost: Ìý Ìý
Water service-related assets (1)
$ 93,097Ìý Ìý $ 62,919Ìý Ìý
Furniture, fixtures and equipment
 5,941Ìý Ìý 4,297Ìý Ìý
Other
 598Ìý Ìý 598Ìý Ìý
Total property, plant and equipment, at cost 99,636Ìý Ìý 67,814Ìý Ìý
Less: accumulated depreciation (11,313) Ìý (3,012) Ìý
Property, plant and equipment, net $ 88,323Ìý Ìý $ 64,802Ìý Ìý
Ìý Ìý Ìý Ìý Ìý Ìý ÌýÌý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý ÌýÌý Ìý Ìý Ìý ÌýÌý Ìý Ìý Ìý ÌýÌýÌý
(1)Water service-related assets reflect assets related to water sourcing and water treatment projects.
Schedule of future minimum lease payments
Future minimum lease payments were as follows at December 31, 2019 (in thousands):

Year ending December 31, Amount
2020 $ 696Ìý Ìý
2021 796Ìý Ìý
2022 697Ìý Ìý
2023 537Ìý Ìý
2024 551Ìý Ìý
Thereafter 516Ìý Ìý
Total lease payments 3,793Ìý Ìý
Less: imputed interest (426) Ìý
Total operating lease liabilities $ 3,367Ìý Ìý