Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 1,930	$ 5,638
Marketable securities - available-for-sale	32,815	42,140
Accounts receivable	6,511	8,506
Inventories	3,517	4,098
Prepaid expenses and other current assets	4,120	4,456
Total current assets	48,893	64,838
Real estate and improvements - held for lease, net	21,942	20,226
Real estate development (includes $84,194 at December 31, 2015 and $77,131 at December 31, 2014, attributable to Centennial Founders, LLC)	235,466	219,654
Property and equipment, net	44,469	43,094
Investments in unconsolidated joint ventures	30,680	32,604
Long-term water assets	43,806	45,349
Deferred tax assets	4,659	4,576
Other assets	2,004	1,582
TOTAL ASSETS	431,919	431,923
Current Liabilities:
Trade accounts payable	3,252	3,347
Accrued liabilities and other	3,492	2,774
Income taxes payable	1,237	1,703
Deferred income	1,525	1,164
Revolving line of credit	0	6,850
Current maturities of long-term debt	815	244
Total current liabilities	10,321	16,082
Long-term debt, less current portion	73,223	74,023
Long-term deferred gains	3,816	3,683
Other liabilities	13,251	13,802
Total liabilities	$ 100,611	$ 107,590
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Common stock, $.50 par value per share: Authorized shares - 30,000,000, Issued and outstanding shares - 20,688,154 at December 31, 2015 and 20,636,478 at December 31, 2014	$ 10,344	$ 10,318
Additional paid-in capital	216,803	212,763
Accumulated other comprehensive loss	(6,902)	(6,899)
Retained earnings	71,389	68,439
Total Tejon Ranch Co. Stockholders’ Equity	291,634	284,621
Non-controlling interest	39,674	39,712
Total equity	331,308	324,333
TOTAL LIABILITIES AND EQUITY	$ 431,919	$ 431,923