| Schedule of Segment Financial Results |
Segment financial results were as follows for the three and six months ended JuneÌý30, 2022 and 2021 (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2022 |
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2021 |
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2022 |
|
2021 |
| Revenues: |
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| Land and resource management |
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$ |
133,385Ìý |
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$ |
67,241Ìý |
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$ |
246,732Ìý |
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|
$ |
125,031Ìý |
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| Water services and operations |
|
42,885Ìý |
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|
28,691Ìý |
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|
76,873Ìý |
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|
55,056Ìý |
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| Total consolidated revenues |
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$ |
176,270Ìý |
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$ |
95,932Ìý |
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$ |
323,605Ìý |
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$ |
180,087Ìý |
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| Net income: |
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| Land and resource management |
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$ |
96,074Ìý |
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$ |
45,443Ìý |
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$ |
177,230Ìý |
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$ |
84,956Ìý |
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| Water services and operations |
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22,820Ìý |
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|
11,603Ìý |
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|
39,564Ìý |
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22,142Ìý |
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| Total consolidated net income |
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$ |
118,894Ìý |
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$ |
57,046Ìý |
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$ |
216,794Ìý |
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$ |
107,098Ìý |
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| Capital expenditures: |
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| Land and resource management |
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$ |
103Ìý |
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$ |
13Ìý |
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$ |
225Ìý |
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$ |
13Ìý |
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| Water services and operations |
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7,239Ìý |
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|
2,161Ìý |
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|
10,122Ìý |
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|
4,899Ìý |
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| Total capital expenditures |
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$ |
7,342Ìý |
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$ |
2,174Ìý |
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$ |
10,347Ìý |
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$ |
4,912Ìý |
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| Depreciation, depletion and amortization: |
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| Land and resource management |
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$ |
529Ìý |
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$ |
442Ìý |
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$ |
1,065Ìý |
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$ |
936Ìý |
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| Water services and operations |
|
3,651Ìý |
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|
3,416Ìý |
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|
7,241Ìý |
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|
6,760Ìý |
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| Total depreciation, depletion and amortization |
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$ |
4,180Ìý |
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$ |
3,858Ìý |
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$ |
8,306Ìý |
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$ |
7,696Ìý |
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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 JuneÌý30, 2022 and December 31, 2021 (in thousands):
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| Ìý |
June 30,
2022 |
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December 31,
2021 |
| Assets: |
Ìý |
|
Ìý |
| Land and resource management |
$ |
618,716Ìý |
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|
$ |
635,338Ìý |
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| Water services and operations |
145,992Ìý |
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|
128,726Ìý |
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| Total consolidated assets |
$ |
764,708Ìý |
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|
$ |
764,064Ìý |
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| Property, plant and equipment, net: |
Ìý |
|
Ìý |
| Land and resource management |
$ |
6,355Ìý |
|
|
$ |
6,639Ìý |
|
| Water services and operations |
77,089Ìý |
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|
73,083Ìý |
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| Total consolidated property, plant and equipment, net |
$ |
83,444Ìý |
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|
$ |
79,722Ìý |
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