| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and nine months ended September 30, 2020 and 2019 (in thousands):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
| Revenues: |
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Land and resource management |
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$ |
49,896Ìý |
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$ |
65,076Ìý |
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$ |
142,140Ìý |
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$ |
284,223Ìý |
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Water services and operations |
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24,487Ìý |
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33,454Ìý |
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86,110Ìý |
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92,941Ìý |
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| Total consolidated revenues |
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$ |
74,383Ìý |
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$ |
98,530Ìý |
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$ |
228,250Ìý |
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$ |
377,164Ìý |
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| Net income: |
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Land and resource management |
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$ |
34,359Ìý |
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$ |
43,911Ìý |
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$ |
92,197Ìý |
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$ |
204,222Ìý |
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Water services and operations |
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11,916Ìý |
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16,111Ìý |
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39,061Ìý |
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45,384Ìý |
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| Total consolidated net income |
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$ |
46,275Ìý |
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$ |
60,022Ìý |
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$ |
131,258Ìý |
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$ |
249,606Ìý |
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| Capital expenditures: |
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| Land and resource management |
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$ |
—Ìý |
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$ |
29Ìý |
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$ |
121Ìý |
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$ |
1,445Ìý |
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| Water services and operations |
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353Ìý |
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4,949Ìý |
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4,205Ìý |
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26,134Ìý |
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| Total capital expenditures |
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$ |
353Ìý |
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$ |
4,978Ìý |
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$ |
4,326Ìý |
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$ |
27,579Ìý |
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| Depreciation, depletion and amortization: |
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Land and resource management |
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$ |
505Ìý |
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$ |
257Ìý |
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$ |
1,192Ìý |
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$ |
695Ìý |
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Water services and operations |
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3,255Ìý |
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2,374Ìý |
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9,581Ìý |
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4,591Ìý |
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| Total depreciation, depletion and amortization |
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$ |
3,760Ìý |
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$ |
2,631Ìý |
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$ |
10,773Ìý |
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$ |
5,286Ìý |
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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, 2020 and December 31, 2019 (in thousands):
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September 30, 2020 |
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December 31, 2019 |
| Assets: |
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Land and resource management |
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$ |
490,026Ìý |
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$ |
467,758Ìý |
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Water services and operations |
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111,155Ìý |
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130,418Ìý |
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| Total consolidated assets |
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$ |
601,181Ìý |
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$ |
598,176Ìý |
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| Property, plant and equipment, net: |
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Land and resource management |
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$ |
3,736Ìý |
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$ |
4,359Ìý |
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Water services and operations |
|
78,594Ìý |
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|
83,964Ìý |
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| Total consolidated property, plant and equipment, net |
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$ |
82,330Ìý |
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$ |
88,323Ìý |
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