| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and nine months ended September 30, 2022 and 2021 (in thousands):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2022 |
|
2021 |
|
2022 |
|
2021 |
| Revenues: |
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| Land and resource management |
|
$ |
147,215 |
|
|
$ |
86,792 |
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|
$ |
393,947 |
|
|
$ |
211,823 |
|
| Water services and operations |
|
43,896 |
|
|
36,901 |
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|
120,769 |
|
|
91,957 |
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| Total consolidated revenues |
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$ |
191,111 |
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|
$ |
123,693 |
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|
$ |
514,716 |
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|
$ |
303,780 |
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| Net income: |
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| Land and resource management |
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$ |
108,188 |
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$ |
65,292 |
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|
$ |
285,418 |
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|
$ |
150,248 |
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| Water services and operations |
|
21,649 |
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|
18,545 |
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|
61,213 |
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|
40,687 |
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| Total consolidated net income |
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$ |
129,837 |
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|
$ |
83,837 |
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$ |
346,631 |
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$ |
190,935 |
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| Capital expenditures: |
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| Land and resource management |
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$ |
114 |
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$ |
4,528 |
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|
$ |
339 |
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|
$ |
4,541 |
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| Water services and operations |
|
1,694 |
|
|
2,059 |
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|
11,816 |
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|
6,958 |
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| Total capital expenditures |
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$ |
1,808 |
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$ |
6,587 |
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$ |
12,155 |
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$ |
11,499 |
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| Depreciation, depletion and amortization: |
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| Land and resource management |
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$ |
567 |
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|
$ |
363 |
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$ |
1,632 |
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|
$ |
1,299 |
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| Water services and operations |
|
3,350 |
|
|
3,503 |
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|
10,591 |
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|
10,263 |
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| Total depreciation, depletion and amortization |
|
$ |
3,917 |
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$ |
3,866 |
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|
$ |
12,223 |
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|
$ |
11,562 |
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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, 2022 and December 31, 2021 (in thousands):
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September 30,
2022 |
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December 31,
2021 |
| Assets: |
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| Land and resource management |
$ |
676,205 |
|
|
$ |
635,338 |
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| Water services and operations |
152,769 |
|
|
128,726 |
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| Total consolidated assets |
$ |
828,974 |
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|
$ |
764,064 |
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| Property, plant and equipment, net: |
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| Land and resource management |
$ |
6,197 |
|
|
$ |
6,639 |
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| Water services and operations |
75,359 |
|
|
73,083 |
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| Total consolidated property, plant and equipment, net |
$ |
81,556 |
|
|
$ |
79,722 |
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