| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and six months ended JuneÌý30, 2023 and 2022 (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Revenues: |
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| Land and resource management |
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$ |
101,320Ìý |
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$ |
133,385Ìý |
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$ |
205,343Ìý |
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$ |
246,732Ìý |
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| Water services and operations |
|
59,289Ìý |
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|
42,885Ìý |
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|
101,628Ìý |
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|
76,873Ìý |
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| Total consolidated revenues |
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$ |
160,609Ìý |
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$ |
176,270Ìý |
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$ |
306,971Ìý |
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$ |
323,605Ìý |
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| Net income: |
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| Land and resource management |
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$ |
69,633Ìý |
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$ |
96,074Ìý |
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$ |
134,976Ìý |
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$ |
177,230Ìý |
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| Water services and operations |
|
30,760Ìý |
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|
22,820Ìý |
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|
51,985Ìý |
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39,564Ìý |
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| Total consolidated net income |
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$ |
100,393Ìý |
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$ |
118,894Ìý |
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$ |
186,961Ìý |
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$ |
216,794Ìý |
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| Capital expenditures: |
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| Land and resource management |
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$ |
(31) |
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$ |
103Ìý |
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$ |
144Ìý |
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$ |
225Ìý |
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| Water services and operations |
|
1,402Ìý |
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|
7,239Ìý |
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|
5,000Ìý |
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|
10,122Ìý |
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| Total capital expenditures |
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$ |
1,371Ìý |
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$ |
7,342Ìý |
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$ |
5,144Ìý |
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$ |
10,347Ìý |
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| Depreciation, depletion and amortization: |
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| Land and resource management |
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$ |
912Ìý |
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$ |
529Ìý |
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$ |
1,530Ìý |
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$ |
1,065Ìý |
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| Water services and operations |
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2,981Ìý |
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|
3,651Ìý |
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|
5,767Ìý |
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|
7,241Ìý |
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| Total depreciation, depletion and amortization |
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$ |
3,893Ìý |
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$ |
4,180Ìý |
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$ |
7,297Ìý |
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$ |
8,306Ìý |
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| 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 JuneÌý30, 2023 and December 31, 2022 (in thousands):
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| Ìý |
June 30,
2023 |
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December 31,
2022 |
| Assets: |
Ìý |
|
Ìý |
| Land and resource management |
$ |
845,847Ìý |
|
|
$ |
735,193Ìý |
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| Water services and operations |
155,477Ìý |
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|
142,234Ìý |
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| Total consolidated assets |
$ |
1,001,324Ìý |
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|
$ |
877,427Ìý |
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| Property, plant and equipment, net: |
Ìý |
|
Ìý |
| Land and resource management |
$ |
5,607Ìý |
|
|
$ |
5,998Ìý |
|
| Water services and operations |
78,717Ìý |
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|
79,480Ìý |
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| Total consolidated property, plant and equipment, net |
$ |
84,324Ìý |
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|
$ |
85,478Ìý |
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