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Annual report pursuant to Section 13 and 15(d)

Business Segment Reporting (Tables)

v3.19.3.a.u2
Business Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract] Ìý
Schedule of Segment Financial Results
Segment financial results were as follows (in thousands):
Ìý Years Ended December 31,
Ìý 2019 2018 2017
Revenues: Ìý Ìý Ìý
Land and resource management $ 363,328Ìý Ìý $ 211,476Ìý Ìý $ 123,340Ìý Ìý
Water services and operations 127,168Ìý Ìý 88,744Ìý Ìý 31,294Ìý Ìý
Total consolidated revenues $ 490,496Ìý Ìý $ 300,220Ìý Ìý $ 154,634Ìý Ìý
Net income: Ìý Ìý Ìý
Land and resource management $ 258,366Ìý Ìý $ 159,611Ìý Ìý $ 78,468Ìý Ìý
Water services and operations 60,362Ìý Ìý 50,125Ìý Ìý 18,763Ìý Ìý
Total consolidated net income $ 318,728Ìý Ìý $ 209,736Ìý Ìý $ 97,231Ìý Ìý
Capital Expenditures: Ìý Ìý Ìý
Land and resource management $ 1,603Ìý Ìý $ 2,790Ìý Ìý $ 920Ìý Ìý
Water services and operations 30,606Ìý Ìý 45,088Ìý Ìý 17,827Ìý Ìý
Total capital expenditures $ 32,209Ìý Ìý $ 47,878Ìý Ìý $ 18,747Ìý Ìý
Depreciation, depletion and amortization: Ìý Ìý Ìý
Land and resource management $ 1,201Ìý Ìý $ 506Ìý Ìý $ 136Ìý Ìý
Water services and operations
 7,705Ìý Ìý 2,077Ìý Ìý 240Ìý Ìý
Total depreciation, depletion and amortization $ 8,906Ìý Ìý $ 2,583Ìý Ìý $ 376Ìý Ìý
Schedule of Total Assets And Property, Plant and Equipment
The following table presents total assets and property, plant and equipment, net by segment (in thousands):

Ìý December 31, 2019 December 31, 2018
Assets: Ìý Ìý
Land and resource management $ 467,758Ìý Ìý $ 198,922Ìý Ìý
Water services and operations 130,418Ìý Ìý 86,153Ìý Ìý
Total consolidated assets $ 598,176Ìý Ìý $ 285,075Ìý Ìý
Property, plant and equipment, net: Ìý Ìý
Land and resource management $ 4,359Ìý Ìý $ 3,720Ìý Ìý
Water services and operations 83,964Ìý Ìý 61,082Ìý Ìý
Total consolidated property, plant and equipment, net $ 88,323Ìý Ìý $ 64,802Ìý Ìý