| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and nine months ended September 30, 2018 and 2017 (in thousands):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2018 |
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2017 |
|
2018 |
|
2017 |
Revenues: |
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|
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|
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Land and resource management |
|
$ |
47,513 |
|
|
$ |
42,343 |
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|
$ |
142,642 |
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|
$ |
93,209 |
|
Water service and operations |
|
25,655 |
|
|
9,634 |
|
|
64,377 |
|
|
21,468 |
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Total consolidated revenues |
|
$ |
73,168 |
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|
$ |
51,977 |
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|
$ |
207,019 |
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|
$ |
114,677 |
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|
|
|
|
|
|
|
|
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Net income: |
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Land and resource management |
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$ |
36,385 |
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|
$ |
27,424 |
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|
$ |
109,700 |
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|
$ |
59,535 |
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Water service and operations |
|
14,377 |
|
|
5,578 |
|
|
37,356 |
|
|
13,076 |
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Total consolidated net income |
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$ |
50,762 |
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|
$ |
33,002 |
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|
$ |
147,056 |
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|
$ |
72,611 |
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Capital expenditures |
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Land and resource management |
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$ |
909 |
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|
$ |
1,682 |
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|
$ |
2,464 |
|
|
$ |
2,188 |
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Water service and operations |
|
7,533 |
|
|
2,678 |
|
|
37,542 |
|
|
5,782 |
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Total capital expenditures |
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$ |
8,442 |
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|
$ |
4,360 |
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|
$ |
40,006 |
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|
$ |
7,970 |
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Depreciation and amortization: |
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Land and resource management |
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$ |
160 |
|
|
$ |
104 |
|
|
$ |
330 |
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|
$ |
123 |
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Water service and operations |
|
546 |
|
|
105 |
|
|
1,189 |
|
|
190 |
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Total depreciation and amortization |
|
$ |
706 |
|
|
$ |
209 |
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$ |
1,519 |
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|
$ |
313 |
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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, 2018 and December 31, 2017 (in thousands):
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September 30, 2018 |
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December 31, 2017 |
Assets: |
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Land and resource management |
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$ |
141,934 |
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$ |
97,549 |
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Water service and operations |
|
77,767 |
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|
22,486 |
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Total consolidated assets |
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$ |
219,701 |
|
|
$ |
120,035 |
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Property, plant and equipment, net |
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Land and resource management |
|
$ |
3,567 |
|
|
$ |
1,449 |
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Water service and operations |
|
54,422 |
|
|
18,067 |
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Total consolidated property, plant and equipment, net |
|
$ |
57,989 |
|
|
$ |
19,516 |
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