Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows (in thousands):
December 31, 2019 December 31, 2018
Cash and cash equivalents $ 303,645    $ 119,647   
Tax like-kind exchange escrow —    3,799   
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 303,645    $ 123,446   
Schedule of Property, Plant and Equipment Depreciable lives by category are as follows:
Range of Estimated Useful Lives (in years)
Water wells and other water-related assets 3 to 30
Furniture, fixtures and equipment 5 to 7
Property, plant and equipment, net consisted of the following at December 31, 2019 and 2018 (in thousands):

  December 31, 2019 December 31, 2018
Property, plant and equipment, at cost:    
Water service-related assets (1)
$ 93,097    $ 62,919   
Furniture, fixtures and equipment
 5,941    4,297   
Other
 598    598   
Total property, plant and equipment, at cost 99,636    67,814   
Less: accumulated depreciation (11,313)   (3,012)  
Property, plant and equipment, net $ 88,323    $ 64,802   
                                                      
(1)Water service-related assets reflect assets related to water sourcing and water treatment projects.
Schedule of future minimum lease payments
Future minimum lease payments were as follows at December 31, 2019 (in thousands):

Year ending December 31, Amount
2020 $ 696   
2021 796   
2022 697   
2023 537   
2024 551   
Thereafter 516   
Total lease payments 3,793   
Less: imputed interest (426)  
Total operating lease liabilities $ 3,367