Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.25.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
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 consolidated balance sheets that correspond to the same such amounts shown in the consolidated statements of cash flows (in thousands):
December 31,
2024		 December 31,
2023
Cash and cash equivalents $ 369,835  $ 725,169 
Tax like-kind exchange escrow 1,546  5,380 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 371,381  $ 730,549 
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 20
Furniture, fixtures and equipment 3 to 15
Property, plant and equipment, net consisted of the following as of December 31, 2024 and 2023 (in thousands):
  December 31,
2024		 December 31,
2023
Property, plant and equipment, at cost:    
Water service-related assets (1)
$ 167,855  $ 136,340 
Furniture, fixtures and equipment 9,932  9,801 
Other 598  598 
Total property, plant and equipment, at cost 178,385  146,739 
Less: accumulated depreciation (55,807) (57,152)
Property, plant and equipment, net $ 122,578  $ 89,587 
(1)Includes $17.2 million of assets acquired in a business combination. For further information, see Note 3, “Assets Acquired in a Business Combination.”