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Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.25.0.1
Property, Plant and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Property, Plant and Equipment
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听 $ 136,340听
Furniture, fixtures and equipment 9,932听 9,801听
Other 598听 598听
Total property, plant and equipment, at cost 178,385听 146,739听
Less: accumulated depreciation (55,807) (57,152)
Property, plant and equipment, net $ 122,578听 $ 89,587听
(1)Includes $17.2 million of assets acquired in a business combination. For further information, see Note 3, 鈥淎ssets Acquired in a Business Combination.鈥
Depreciation expense was $13.6 million, $12.2 million and $14.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.