Annual report pursuant to Section 13 and 15(d)

Business Segment Reporting (Tables)

v3.22.4
Business Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
Segment financial results were as follows (in thousands):
  Years Ended December 31,
  2022 2021 2020
Revenues:      
Land and resource management $ 506,975  $ 320,387  $ 195,142 
Water services and operations 160,447  130,571  107,422 
Total consolidated revenues $ 667,422  $ 450,958  $ 302,564 
Net income:      
Land and resource management $ 365,041  $ 208,897  $ 127,977 
Water services and operations 81,321  61,083  48,072 
Total consolidated net income $ 446,362  $ 269,980  $ 176,049 
Capital Expenditures:      
Land and resource management $ 393  $ 4,688  $ 152 
Water services and operations 18,574  11,727  4,934 
Total capital expenditures $ 18,967  $ 16,415  $ 5,086 
Depreciation, depletion and amortization:      
Land and resource management $ 2,234  $ 2,397  $ 1,514 
Water services and operations
 13,142  13,860  12,881 
Total depreciation, depletion and amortization $ 15,376  $ 16,257  $ 14,395 
Schedule of Total Assets And Property, Plant and Equipment
The following table presents total assets and property, plant and equipment, net by segment (in thousands):

  December 31, 2022 December 31, 2021
Assets:    
Land and resource management $ 735,193  $ 635,338 
Water services and operations 142,234  128,726 
Total consolidated assets $ 877,427  $ 764,064 
Property, plant and equipment, net:    
Land and resource management $ 5,998  $ 6,639 
Water services and operations 79,480  73,083 
Total consolidated property, plant and equipment, net $ 85,478  $ 79,722