| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and six months ended JuneÌý30, 2019 and 2018 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý |
Ìý |
Three Months Ended
June 30, |
Ìý |
Six Months Ended
June 30, |
Ìý |
Ìý |
2019 |
Ìý |
2018 |
Ìý |
2019 |
Ìý |
2018 |
Revenues: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Land and resource management |
Ìý |
$ |
58,688 |
|
Ìý |
$ |
52,376 |
|
Ìý |
$ |
219,147 |
|
Ìý |
$ |
95,129 |
|
Water services and operations |
Ìý |
28,622 |
|
Ìý |
21,468 |
|
Ìý |
59,487 |
|
Ìý |
38,722 |
|
Total consolidated revenues |
Ìý |
$ |
87,310 |
|
Ìý |
$ |
73,844 |
|
Ìý |
$ |
278,634 |
|
Ìý |
$ |
133,851 |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Net income: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Land and resource management |
Ìý |
$ |
37,194 |
|
Ìý |
$ |
40,505 |
|
Ìý |
$ |
160,311 |
|
Ìý |
$ |
73,315 |
|
Water services and operations |
Ìý |
12,392 |
|
Ìý |
11,998 |
|
Ìý |
29,273 |
|
Ìý |
22,979 |
|
Total consolidated net income |
Ìý |
$ |
49,586 |
|
Ìý |
$ |
52,503 |
|
Ìý |
$ |
189,584 |
|
Ìý |
$ |
96,294 |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Capital expenditures: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Land and resource management |
Ìý |
$ |
881 |
|
Ìý |
$ |
303 |
|
Ìý |
$ |
1,415 |
|
Ìý |
$ |
1,555 |
|
Water services and operations |
Ìý |
12,472 |
|
Ìý |
19,420 |
|
Ìý |
21,185 |
|
Ìý |
30,009 |
|
Total capital expenditures |
Ìý |
$ |
13,353 |
|
Ìý |
$ |
19,723 |
|
Ìý |
$ |
22,600 |
|
Ìý |
$ |
31,564 |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Depreciation and amortization: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Land and resource management |
Ìý |
$ |
261 |
|
Ìý |
$ |
100 |
|
Ìý |
$ |
438 |
|
Ìý |
$ |
170 |
|
Water services and operations |
Ìý |
1,190 |
|
Ìý |
383 |
|
Ìý |
2,217 |
|
Ìý |
643 |
|
Total depreciation and amortization |
Ìý |
$ |
1,451 |
|
Ìý |
$ |
483 |
|
Ìý |
$ |
2,655 |
|
Ìý |
$ |
813 |
|
|
| 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, 2019 and DecemberÌý31, 2018 (in thousands):
|
|
|
|
|
|
|
|
|
|
Ìý |
Ìý |
JuneÌý30, 2019 |
Ìý |
DecemberÌý31, 2018 |
Assets: |
Ìý |
Ìý |
Ìý |
Ìý |
Land and resource management |
Ìý |
$ |
337,941 |
|
Ìý |
$ |
198,922 |
|
Water services and operations |
Ìý |
125,671 |
|
Ìý |
86,153 |
|
Total consolidated assets |
Ìý |
$ |
463,612 |
|
Ìý |
$ |
285,075 |
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Property, plant and equipment, net: |
Ìý |
Ìý |
Ìý |
Ìý |
Land and resource management |
Ìý |
$ |
4,739 |
|
Ìý |
$ |
3,720 |
|
Water services and operations |
Ìý |
80,053 |
|
Ìý |
61,082 |
|
Total consolidated property, plant and equipment, net |
Ìý |
$ |
84,792 |
|
Ìý |
$ |
64,802 |
|
|