Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Tables)

v3.20.1
Business Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
Segment financial results were as follows for the three months ended March 31, 2020 and 2019 (in thousands):
Three Months Ended
March 31,
2020 2019
Revenues:
Land and resource management
 $ 56,658    $ 160,459   
Water services and operations
 39,936    30,865   
Total consolidated revenues $ 96,594    $ 191,324   
Net income:
Land and resource management
 $ 39,118    $ 123,117   
Water services and operations
 18,283    16,881   
Total consolidated net income $ 57,401    $ 139,998   
Capital expenditures:
Land and resource management
 $ 88    $ 534   
Water services and operations
 3,529    8,713   
Total capital expenditures $ 3,617    $ 9,247   
Depreciation, depletion and amortization:
Land and resource management
 $ 337    $ 177   
Water services and operations
 2,998    1,027   
Total depreciation, depletion and amortization $ 3,335    $ 1,204   
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 March 31, 2020 and December 31, 2019 (in thousands):
March 31, 2020 December 31, 2019
Assets:
Land and resource management
 $ 396,004    $ 467,758   
Water services and operations
 148,645    130,418   
Total consolidated assets $ 544,649    $ 598,176   
Property, plant and equipment, net:
Land and resource management
 $ 4,211    $ 4,359   
Water services and operations
 84,498    83,964   
Total consolidated property, plant and equipment, net $ 88,709    $ 88,323