| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and six months ended June 30, 2022 and 2021 (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2022 |
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2021 |
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2022 |
|
2021 |
| Revenues: |
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| Land and resource management |
|
$ |
133,385 |
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|
$ |
67,241 |
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|
$ |
246,732 |
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|
$ |
125,031 |
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| Water services and operations |
|
42,885 |
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|
28,691 |
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|
76,873 |
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|
55,056 |
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| Total consolidated revenues |
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$ |
176,270 |
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|
$ |
95,932 |
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|
$ |
323,605 |
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|
$ |
180,087 |
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| Net income: |
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| Land and resource management |
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$ |
96,074 |
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$ |
45,443 |
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|
$ |
177,230 |
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|
$ |
84,956 |
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| Water services and operations |
|
22,820 |
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|
11,603 |
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|
39,564 |
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|
22,142 |
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| Total consolidated net income |
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$ |
118,894 |
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|
$ |
57,046 |
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$ |
216,794 |
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$ |
107,098 |
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| Capital expenditures: |
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| Land and resource management |
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$ |
103 |
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$ |
13 |
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$ |
225 |
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|
$ |
13 |
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| Water services and operations |
|
7,239 |
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|
2,161 |
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|
10,122 |
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|
4,899 |
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| Total capital expenditures |
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$ |
7,342 |
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$ |
2,174 |
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$ |
10,347 |
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$ |
4,912 |
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| Depreciation, depletion and amortization: |
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| Land and resource management |
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$ |
529 |
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$ |
442 |
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$ |
1,065 |
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$ |
936 |
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| Water services and operations |
|
3,651 |
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|
3,416 |
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|
7,241 |
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|
6,760 |
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| Total depreciation, depletion and amortization |
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$ |
4,180 |
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$ |
3,858 |
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$ |
8,306 |
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$ |
7,696 |
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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 June 30, 2022 and December 31, 2021 (in thousands):
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June 30,
2022 |
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December 31,
2021 |
| Assets: |
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| Land and resource management |
$ |
618,716 |
|
|
$ |
635,338 |
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| Water services and operations |
145,992 |
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|
128,726 |
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| Total consolidated assets |
$ |
764,708 |
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|
$ |
764,064 |
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| Property, plant and equipment, net: |
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| Land and resource management |
$ |
6,355 |
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|
$ |
6,639 |
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| Water services and operations |
77,089 |
|
|
73,083 |
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| Total consolidated property, plant and equipment, net |
$ |
83,444 |
|
|
$ |
79,722 |
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