| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and nine months ended September 30, 2021 and 2020 (in thousands):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
| Revenues: |
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Land and resource management |
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$ |
86,792Ìý |
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$ |
49,896Ìý |
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$ |
211,823Ìý |
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$ |
142,150Ìý |
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Water services and operations |
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36,901Ìý |
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24,487Ìý |
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|
91,957Ìý |
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|
86,110Ìý |
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| Total consolidated revenues |
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$ |
123,693Ìý |
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$ |
74,383Ìý |
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$ |
303,780Ìý |
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$ |
228,260Ìý |
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| Net income: |
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Land and resource management |
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$ |
65,292Ìý |
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$ |
34,359Ìý |
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$ |
150,248Ìý |
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$ |
92,197Ìý |
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Water services and operations |
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18,545Ìý |
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11,916Ìý |
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40,687Ìý |
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39,061Ìý |
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| Total consolidated net income |
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$ |
83,837Ìý |
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$ |
46,275Ìý |
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$ |
190,935Ìý |
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$ |
131,258Ìý |
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| Capital expenditures: |
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| Land and resource management |
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$ |
4,528Ìý |
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$ |
—Ìý |
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$ |
4,541Ìý |
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$ |
121Ìý |
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| Water services and operations |
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2,059Ìý |
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353Ìý |
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6,958Ìý |
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4,205Ìý |
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| Total capital expenditures |
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$ |
6,587Ìý |
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$ |
353Ìý |
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$ |
11,499Ìý |
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$ |
4,326Ìý |
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| Depreciation, depletion and amortization: |
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Land and resource management |
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$ |
363Ìý |
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$ |
505Ìý |
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$ |
1,299Ìý |
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$ |
1,192Ìý |
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Water services and operations |
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3,503Ìý |
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3,255Ìý |
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10,263Ìý |
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9,581Ìý |
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| Total depreciation, depletion and amortization |
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$ |
3,866Ìý |
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$ |
3,760Ìý |
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$ |
11,562Ìý |
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$ |
10,773Ìý |
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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, 2021 and December 31, 2020 (in thousands):
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September 30, 2021 |
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December 31, 2020 |
| Assets: |
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Land and resource management |
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$ |
570,800Ìý |
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$ |
460,053Ìý |
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Water services and operations |
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124,817Ìý |
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|
111,582Ìý |
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| Total consolidated assets |
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$ |
695,617Ìý |
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$ |
571,635Ìý |
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| Property, plant and equipment, net: |
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Land and resource management |
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$ |
6,786Ìý |
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$ |
3,527Ìý |
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Water services and operations |
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72,418Ìý |
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|
75,740Ìý |
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| Total consolidated property, plant and equipment, net |
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$ |
79,204Ìý |
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$ |
79,267Ìý |
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