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