Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 39,119	$ 36,195
Marketable securities - available-for-sale	33,444	10,983
Accounts receivable	4,453	6,473
Inventories	3,369	5,702
Prepaid expenses and other current assets	2,660	3,619
Total current assets	83,045	62,972
Real estate and improvements - held for lease, net	16,940	17,301
Real estate development (includes $115,221 at December 31, 2022 and $112,063 at December 31, 2021, attributable to Centennial Founders, LLC, Note 17)	321,293	319,030
Property and equipment, net	52,980	50,699
Investments in unconsolidated joint ventures	41,891	43,418
Net investment in water assets	47,045	50,997
Other assets	3,597	1,619
TOTAL ASSETS	566,791	546,036
Current Liabilities:
Trade accounts payable	5,117	4,545
Accrued liabilities and other	3,602	3,451
Income taxes payable	0	1,217
Deferred income	1,531	1,907
Current maturities of long-term debt	1,779	4,475
Total current liabilities	12,029	15,595
Long-term debt, less current portion	48,161	48,155
Long-term deferred gains	11,447	8,409
Deferred tax liability	7,180	2,898
Other liabilities	10,380	14,468
Total liabilities	89,197	89,525
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,541,553 at December 31, 2022 and 26,400,921 at December 31, 2021	13,271	13,200
Additional paid-in capital	345,344	344,936
Accumulated other comprehensive loss	(2,028)	(6,822)
Retained earnings	105,643	89,835
Total Tejon Ranch Co. Stockholders’ Equity	462,230	441,149
Non-controlling interest	15,364	15,362
Total equity	477,594	456,511
TOTAL LIABILITIES AND EQUITY	$ 566,791	$ 546,036