Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 19,479	$ 20,107
Marketable securities - available-for-sale	71,109	70,868
Accounts receivable	4,175	7,608
Inventories	4,750	2,469
Prepaid expenses and other current assets	2,475	2,849
Total current assets	101,988	103,901
Real estate and improvements - held for lease, net	19,022	19,115
Real estate development (includes $92,194 at March 31, 2018 and $94,271 at December 31, 2017, attributable to Centennial Founders, LLC, Note 15)	270,064	267,336
Property and equipment, net	45,383	45,332
Investments in unconsolidated joint ventures	30,098	30,031
Net investment in water assets	49,478	47,130
Deferred tax assets	1,346	1,562
Other assets	3,230	3,792
TOTAL ASSETS	520,609	518,199
Current Liabilities:
Trade accounts payable	4,274	3,545
Accrued liabilities and other	3,261	1,810
Deferred income	1,617	1,118
Revolving line of credit	0	0
Current maturities of long-term debt	3,990	4,004
Total current liabilities	13,142	10,477
Long-term debt, less current portion	64,849	65,816
Long-term deferred gains	3,405	3,405
Other liabilities	10,006	11,691
Total liabilities	91,402	91,389
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 25,949,822 at March 31, 2018 and 25,894,773 at December 31, 2017	12,971	12,947
Additional paid-in capital	320,275	320,167
Accumulated other comprehensive loss	(4,454)	(5,264)
Retained earnings	71,849	70,392
Total Tejon Ranch Co. Stockholders’ Equity	400,641	398,242
Non-controlling interest	28,566	28,568
Total equity	429,207	426,810
TOTAL LIABILITIES AND EQUITY	$ 520,609	$ 518,199