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Annual report pursuant to Section 13 and 15(d)

Business Segment Reporting (Tables)

v3.22.4
Business Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract] Ìý
Schedule of Segment Financial Results
Segment financial results were as follows (in thousands):
Ìý Years Ended December 31,
Ìý 2022 2021 2020
Revenues: Ìý Ìý Ìý
Land and resource management $ 506,975Ìý $ 320,387Ìý $ 195,142Ìý
Water services and operations 160,447Ìý 130,571Ìý 107,422Ìý
Total consolidated revenues $ 667,422Ìý $ 450,958Ìý $ 302,564Ìý
Net income: Ìý Ìý Ìý
Land and resource management $ 365,041Ìý $ 208,897Ìý $ 127,977Ìý
Water services and operations 81,321Ìý 61,083Ìý 48,072Ìý
Total consolidated net income $ 446,362Ìý $ 269,980Ìý $ 176,049Ìý
Capital Expenditures: Ìý Ìý Ìý
Land and resource management $ 393Ìý $ 4,688Ìý $ 152Ìý
Water services and operations 18,574Ìý 11,727Ìý 4,934Ìý
Total capital expenditures $ 18,967Ìý $ 16,415Ìý $ 5,086Ìý
Depreciation, depletion and amortization: Ìý Ìý Ìý
Land and resource management $ 2,234Ìý $ 2,397Ìý $ 1,514Ìý
Water services and operations
13,142Ìý 13,860Ìý 12,881Ìý
Total depreciation, depletion and amortization $ 15,376Ìý $ 16,257Ìý $ 14,395Ìý
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, 2022 December 31, 2021
Assets: Ìý Ìý
Land and resource management $ 735,193Ìý $ 635,338Ìý
Water services and operations 142,234Ìý 128,726Ìý
Total consolidated assets $ 877,427Ìý $ 764,064Ìý
Property, plant and equipment, net: Ìý Ìý
Land and resource management $ 5,998Ìý $ 6,639Ìý
Water services and operations 79,480Ìý 73,083Ìý
Total consolidated property, plant and equipment, net $ 85,478Ìý $ 79,722Ìý