CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 43,149	$ 39,119
Marketable securities - available-for-sale	29,456	33,444
Accounts receivable	3,980	4,453
Inventories	8,925	3,369
Prepaid expenses and other current assets	3,520	2,660
Total current assets	89,030	83,045
Real estate and improvements - held for lease, net	16,780	16,940
Real estate development (includes $117,518 at September 30, 2023 and $115,221 at December 31, 2022, attributable to CFL, Note 15)	330,566	321,293
Property and equipment, net	54,941	52,980
Investments in unconsolidated joint ventures	31,345	41,891
Net investment in water assets	52,507	47,045
Other assets	5,104	3,597
TOTAL ASSETS	580,273	566,791
Current Liabilities:
Trade accounts payable	6,393	5,117
Accrued liabilities and other	4,504	3,602
Deferred income	2,326	1,531
Income taxes payable	3,088	0
Current maturities of long-term debt	1,844	1,779
Total current liabilities	18,155	12,029
Long-term debt, less current portion	46,793	48,161
Long-term deferred gains	11,447	11,447
Deferred tax liability	7,676	7,180
Other liabilities	15,212	10,380
Total liabilities	99,283	89,197
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,726,464 at September 30, 2023 and 26,541,553 at December 31, 2022	13,363	13,271
Additional paid-in capital	345,404	345,344
Accumulated other comprehensive loss	(481)	(2,028)
Retained earnings	107,343	105,643
Total Tejon Ranch Co. Stockholders’ Equity	465,629	462,230
Non-controlling interest	15,361	15,364
Total equity	480,990	477,594
TOTAL LIABILITIES AND EQUITY	$ 580,273	$ 566,791