Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 10,174	$ 20,107
Marketable securities - available-for-sale	69,381	70,868
Accounts receivable	10,897	7,608
Inventories	5,598	2,469
Prepaid expenses and other current assets	3,915	2,849
Total current assets	99,965	103,901
Real estate and improvements - held for lease, net	18,841	19,115
Real estate development (includes $98,203 at September 30, 2018 and $94,271 at December 31, 2017, attributable to Centennial Founders, LLC, Note 15)	280,355	267,336
Property and equipment, net	45,712	45,332
Investments in unconsolidated joint ventures	27,660	30,031
Net investment in water assets	48,717	47,130
Deferred tax assets	1,145	1,562
Other assets	3,616	3,792
TOTAL ASSETS	526,011	518,199
Current Liabilities:
Trade accounts payable	2,976	3,545
Accrued liabilities and other	4,419	1,810
Deferred income	1,855	1,118
Current maturities of long-term debt	4,081	4,004
Total current liabilities	13,331	10,477
Long-term debt, less current portion	62,737	65,816
Long-term deferred gains	3,405	3,405
Other liabilities	12,048	11,691
Total liabilities	91,521	91,389
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 25,960,262 at September 30, 2018 and 25,894,773 at December 31, 2017	12,980	12,947
Additional paid-in capital	322,319	320,167
Accumulated other comprehensive loss	(3,698)	(5,264)
Retained earnings	74,340	70,392
Total Tejon Ranch Co. Stockholders’ Equity	405,941	398,242
Non-controlling interest	28,549	28,568
Total equity	434,490	426,810
TOTAL LIABILITIES AND EQUITY	$ 526,011	$ 518,199