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Property, Plant and Equipment
Property, plant and equipment, net consisted of the following as of June听30, 2019 and December听31, 2018 (in thousands):
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听 |
听 |
June听30, 2019 |
听 |
December听31, 2018 |
Property, plant and equipment: |
听 |
听 |
听 |
听 |
Water service-related assets (1)
|
听 |
$ |
83,955 |
|
听 |
$ |
62,919 |
|
Furniture, fixtures and equipment |
听 |
5,814 |
|
听 |
4,297 |
|
Other |
听 |
598 |
|
听 |
598 |
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Property, plant and equipment at cost |
听 |
90,367 |
|
听 |
67,814 |
|
Less: accumulated depreciation |
听 |
(5,575 |
) |
听 |
(3,012 |
) |
Property, plant and equipment, net |
听 |
$ |
84,792 |
|
听 |
$ |
64,802 |
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(1)听听听听Water service-related assets reflect assets related to water sourcing and water re-use projects.
Depreciation expense was $1.4 million and $0.5 million for the three months ended June听30, 2019 and 2018, respectively. Depreciation expense was $2.6 million and $0.8 million for the six months ended June听30, 2019 and 2018, respectively.
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