| Schedule of Segment Financial Results |
The following table presents segment financial results for the three and nine months ended SeptemberÌý30, 2024 and 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
| Revenues: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
106,648Ìý |
|
|
$ |
109,933Ìý |
|
|
$ |
322,165Ìý |
|
|
$ |
315,276Ìý |
|
| Water services and operations |
|
66,915Ìý |
|
|
48,034Ìý |
|
|
197,874Ìý |
|
|
149,662Ìý |
|
| Total consolidated revenues |
|
$ |
173,563Ìý |
|
|
$ |
157,967Ìý |
|
|
$ |
520,039Ìý |
|
|
$ |
464,938Ìý |
|
|
|
|
|
|
|
|
|
|
| Net income: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
71,870Ìý |
|
|
$ |
82,884Ìý |
|
|
$ |
232,970Ìý |
|
|
$ |
217,860Ìý |
|
| Water services and operations |
|
34,724Ìý |
|
|
22,690Ìý |
|
|
102,630Ìý |
|
|
74,675Ìý |
|
| Total consolidated net income |
|
$ |
106,594Ìý |
|
|
$ |
105,574Ìý |
|
|
$ |
335,600Ìý |
|
|
$ |
292,535Ìý |
|
|
|
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
66Ìý |
|
|
$ |
47Ìý |
|
|
$ |
210Ìý |
|
|
$ |
191Ìý |
|
| Water services and operations |
|
9,767Ìý |
|
|
5,196Ìý |
|
|
21,784Ìý |
|
|
10,196Ìý |
|
| Total capital expenditures |
|
$ |
9,833Ìý |
|
|
$ |
5,243Ìý |
|
|
$ |
21,994Ìý |
|
|
$ |
10,387Ìý |
|
|
|
|
|
|
|
|
|
|
| Depreciation, depletion and amortization: |
|
|
|
|
|
|
|
|
| Land and resource management |
|
$ |
2,135Ìý |
|
|
$ |
703Ìý |
|
|
$ |
3,641Ìý |
|
|
$ |
2,233Ìý |
|
| Water services and operations |
|
3,627Ìý |
|
|
2,881Ìý |
|
|
10,054Ìý |
|
|
8,648Ìý |
|
| Total depreciation, depletion and amortization |
|
$ |
5,762Ìý |
|
|
$ |
3,584Ìý |
|
|
$ |
13,695Ìý |
|
|
$ |
10,881Ìý |
|
|
| 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, 2024 and December 31, 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
|
September 30,
2024 |
|
December 31,
2023 |
| Assets: |
|
Ìý |
|
Ìý |
| Land and resource management |
|
$ |
954,411Ìý |
|
|
$ |
975,136Ìý |
|
| Water services and operations |
|
221,158Ìý |
|
|
181,262Ìý |
|
| Total consolidated assets |
|
$ |
1,175,569Ìý |
|
|
$ |
1,156,398Ìý |
|
|
|
|
|
|
| Property, plant and equipment, net: |
|
Ìý |
|
Ìý |
| Land and resource management |
|
$ |
4,937Ìý |
|
|
$ |
5,322Ìý |
|
| Water services and operations |
|
114,171Ìý |
|
|
84,265Ìý |
|
| Total consolidated property, plant and equipment, net |
|
$ |
119,108Ìý |
|
|
$ |
89,587Ìý |
|
|