Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 7,904	$ 15,908
Marketable securities - available-for-sale	60,270	63,749
Accounts receivable	9,655	10,876
Inventories	5,179	2,618
Prepaid expenses and other current assets	3,654	3,348
Total current assets	86,662	96,499
Real estate and improvements - held for lease, net	18,859	18,953
Real estate development (includes $101,331 at March 31, 2019 and $100,311 at December 31, 2018, attributable to Centennial Founders, LLC, Note 15)	287,444	283,385
Property and equipment, net	46,915	46,086
Investments in unconsolidated joint ventures	29,503	28,602
Net investment in water assets	54,993	51,832
Deferred tax assets	1,341	1,229
Other assets	2,249	2,462
TOTAL ASSETS	527,966	529,048
Current Liabilities:
Trade accounts payable	6,610	6,037
Accrued liabilities and other	3,218	3,575
Deferred income	1,997	2,863
Current maturities of long-term debt	4,048	4,018
Total current liabilities	15,873	16,493
Long-term debt, less current portion	60,749	61,780
Long-term deferred gains	3,405	3,405
Other liabilities	13,245	12,698
Total liabilities	93,272	94,376
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,020,953 at March 31, 2019 and 25,972,080 at December 31, 2018	13,010	12,986
Additional paid-in capital	336,813	336,520
Accumulated other comprehensive loss	(5,276)	(4,857)
Retained earnings	74,766	74,647
Total Tejon Ranch Co. Stockholders’ Equity	419,313	419,296
Non-controlling interest	15,381	15,376
Total equity	434,694	434,672
TOTAL LIABILITIES AND EQUITY	$ 527,966	$ 529,048