| Schedule of Segment Financial Results |
The following table presents segment financial results for the three and nine months ended SeptemberÌý30, 2023 and 2022 (in thousands):
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Three Months Ended
September 30, |
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Nine Months Ended
September 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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$ |
109,933Ìý |
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$ |
147,215Ìý |
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$ |
315,276Ìý |
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$ |
393,947Ìý |
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| Water services and operations |
|
48,034Ìý |
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|
43,896Ìý |
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|
149,662Ìý |
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|
120,769Ìý |
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| Total consolidated revenues |
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$ |
157,967Ìý |
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$ |
191,111Ìý |
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$ |
464,938Ìý |
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$ |
514,716Ìý |
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| Net income: |
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| Land and resource management |
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$ |
82,884Ìý |
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$ |
108,188Ìý |
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$ |
217,860Ìý |
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$ |
285,418Ìý |
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| Water services and operations |
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22,690Ìý |
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21,649Ìý |
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|
74,675Ìý |
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61,213Ìý |
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| Total consolidated net income |
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$ |
105,574Ìý |
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$ |
129,837Ìý |
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$ |
292,535Ìý |
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$ |
346,631Ìý |
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| Capital expenditures: |
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| Land and resource management |
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$ |
47Ìý |
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$ |
114Ìý |
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$ |
191Ìý |
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$ |
339Ìý |
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| Water services and operations |
|
5,196Ìý |
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|
1,694Ìý |
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|
10,196Ìý |
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|
11,816Ìý |
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| Total capital expenditures |
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$ |
5,243Ìý |
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$ |
1,808Ìý |
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$ |
10,387Ìý |
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$ |
12,155Ìý |
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| Depreciation, depletion and amortization: |
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| Land and resource management |
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$ |
703Ìý |
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$ |
567Ìý |
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$ |
2,233Ìý |
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$ |
1,632Ìý |
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| Water services and operations |
|
2,881Ìý |
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|
3,350Ìý |
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|
8,648Ìý |
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|
10,591Ìý |
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| Total depreciation, depletion and amortization |
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$ |
3,584Ìý |
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$ |
3,917Ìý |
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$ |
10,881Ìý |
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$ |
12,223Ìý |
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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 SeptemberÌý30, 2023 and December 31, 2022 (in thousands):
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| Ìý |
September 30,
2023 |
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December 31,
2022 |
| Assets: |
Ìý |
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Ìý |
| Land and resource management |
$ |
900,508Ìý |
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|
$ |
735,193Ìý |
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| Water services and operations |
178,810Ìý |
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|
142,234Ìý |
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| Total consolidated assets |
$ |
1,079,318Ìý |
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|
$ |
877,427Ìý |
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| Property, plant and equipment, net: |
Ìý |
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Ìý |
| Land and resource management |
$ |
5,464Ìý |
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|
$ |
5,998Ìý |
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| Water services and operations |
81,136Ìý |
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|
79,480Ìý |
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| Total consolidated property, plant and equipment, net |
$ |
86,600Ìý |
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$ |
85,478Ìý |
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