| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and nine months ended SeptemberÌý30, 2022 and 2021 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Revenues: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
147,215Ìý |
|
|
$ |
86,792Ìý |
|
|
$ |
393,947Ìý |
|
|
$ |
211,823Ìý |
|
| Water services and operations |
|
43,896Ìý |
|
|
36,901Ìý |
|
|
120,769Ìý |
|
|
91,957Ìý |
|
| Total consolidated revenues |
|
$ |
191,111Ìý |
|
|
$ |
123,693Ìý |
|
|
$ |
514,716Ìý |
|
|
$ |
303,780Ìý |
|
|
|
|
|
|
|
|
|
|
| Net income: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
108,188Ìý |
|
|
$ |
65,292Ìý |
|
|
$ |
285,418Ìý |
|
|
$ |
150,248Ìý |
|
| Water services and operations |
|
21,649Ìý |
|
|
18,545Ìý |
|
|
61,213Ìý |
|
|
40,687Ìý |
|
| Total consolidated net income |
|
$ |
129,837Ìý |
|
|
$ |
83,837Ìý |
|
|
$ |
346,631Ìý |
|
|
$ |
190,935Ìý |
|
|
|
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
114Ìý |
|
|
$ |
4,528Ìý |
|
|
$ |
339Ìý |
|
|
$ |
4,541Ìý |
|
| Water services and operations |
|
1,694Ìý |
|
|
2,059Ìý |
|
|
11,816Ìý |
|
|
6,958Ìý |
|
| Total capital expenditures |
|
$ |
1,808Ìý |
|
|
$ |
6,587Ìý |
|
|
$ |
12,155Ìý |
|
|
$ |
11,499Ìý |
|
|
|
|
|
|
|
|
|
|
| Depreciation, depletion and amortization: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
567Ìý |
|
|
$ |
363Ìý |
|
|
$ |
1,632Ìý |
|
|
$ |
1,299Ìý |
|
| Water services and operations |
|
3,350Ìý |
|
|
3,503Ìý |
|
|
10,591Ìý |
|
|
10,263Ìý |
|
| Total depreciation, depletion and amortization |
|
$ |
3,917Ìý |
|
|
$ |
3,866Ìý |
|
|
$ |
12,223Ìý |
|
|
$ |
11,562Ìý |
|
|
| 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 SeptemberÌý30, 2022 and December 31, 2021 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
September 30,
2022 |
|
December 31,
2021 |
| Assets: |
Ìý |
|
Ìý |
| Land and resource management |
$ |
676,205Ìý |
|
|
$ |
635,338Ìý |
|
| Water services and operations |
152,769Ìý |
|
|
128,726Ìý |
|
| Total consolidated assets |
$ |
828,974Ìý |
|
|
$ |
764,064Ìý |
|
|
|
|
|
| Property, plant and equipment, net: |
Ìý |
|
Ìý |
| Land and resource management |
$ |
6,197Ìý |
|
|
$ |
6,639Ìý |
|
| Water services and operations |
75,359Ìý |
|
|
73,083Ìý |
|
| Total consolidated property, plant and equipment, net |
$ |
81,556Ìý |
|
|
$ |
79,722Ìý |
|
|