CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 30,308	$ 36,195
Marketable securities - available-for-sale	31,242	10,983
Accounts receivable	4,668	6,473
Inventories	5,532	5,702
Prepaid expenses and other current assets	3,919	3,619
Total current assets	75,669	62,972
Real estate and improvements - held for lease, net	17,028	17,301
Real estate development (includes $114,284 at September 30, 2022 and $112,063 at December 31, 2021, attributable to Centennial Founders, LLC, Note 15)	325,931	319,030
Property and equipment, net	53,468	50,699
Investments in unconsolidated joint ventures	38,605	43,418
Net investment in water assets	48,024	50,997
Other assets	3,160	1,619
TOTAL ASSETS	561,885	546,036
Current Liabilities:
Trade accounts payable	4,143	4,545
Accrued liabilities and other	4,415	3,451
Deferred income	2,071	1,907
Income Taxes Payable	843	1,217
Current maturities of long-term debt	1,758	4,475
Total current liabilities	13,230	15,595
Long-term debt, less current portion	48,612	48,155
Long-term deferred gains	8,435	8,409
Deferred tax liability	4,136	2,898
Other liabilities	11,943	14,468
Total liabilities	86,356	89,525
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,491,770 at September 30, 2022 and 26,400,921 at December 31, 2021	13,246	13,200
Additional paid-in capital	346,095	344,936
Accumulated other comprehensive loss	(2,834)	(6,822)
Retained earnings	103,659	89,835
Total Tejon Ranch Co. Stockholders’ Equity	460,166	441,149
Non-controlling interest	15,363	15,362
Total equity	475,529	456,511
TOTAL LIABILITIES AND EQUITY	$ 561,885	$ 546,036