Catchmark timber trust, inc. (CTT)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets:
Cash and cash equivalents

10,412

11,487

17,074

10,817

2,420

5,614

15,323

12,096

8,087

7,805

11,828

17,173

7,739

9,108

13,820

15,620

14,309

8,025

11,372

14,198

20,548

17,365

45,963

8,409

3,188

8,613

11,179

13,357

10,021

11,221

11,603

18,311

11,333

6,848

6,934

6,423

8,788

Restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,287

1,352

1,865

2,050

1,612

2,599

2,649

6,762

3,568

4,486

7,852

Accounts receivable

5,374

7,998

4,519

6,491

5,162

7,355

6,549

3,494

2,576

4,575

4,372

4,034

2,399

3,882

3,798

2,697

2,166

2,562

2,205

2,161

1,421

798

767

1,696

1,143

593

594

893

759

658

945

823

726

644

781

995

852

Prepaid expenses and other assets

6,162

5,459

4,591

4,831

6,504

7,369

10,495

48,394

10,342

5,436

8,153

5,322

6,403

4,815

2,875

3,628

3,581

3,277

3,095

2,529

2,485

2,781

6,653

1,910

6,102

2,506

1,942

1,587

908

1,098

925

327

412

499

454

325

626

Operating lease right-of-use asset (Note 7)

3,049

3,120

3,191

3,261

3,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

228

246

266

288

307

327

348

368

389

403

232

259

285

313

337

362

332

354

3,904

4,017

4,133

418

1,881

2,263

1,423

1,483

1,181

1,196

1,254

1,311

1,327

1,413

1,542

1,672

1,690

1,812

1,866

Timber assets (Note 3):
Timber and timberlands, net

606,461

633,581

643,663

665,616

681,744

687,851

773,844

690,807

701,836

710,246

665,097

671,842

684,272

691,687

671,345

678,328

582,809

584,854

545,897

554,396

547,929

543,101

401,005

405,885

324,417

325,726

327,981

328,824

331,650

333,805

337,270

316,538

-

328,561

-

-

-

Timber and timberlands, net (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

325,961

-

331,513

333,593

340,003

Intangible lease assets, less accumulated amortization of $949 and $948 as of March 31, 2020 and December 31, 2019, respectively

8

9

9

10

11

12

13

14

15

16

16

17

18

19

20

21

22

23

23

24

25

26

26

27

28

29

30

34

75

115

155

249

291

333

374

416

499

Investments in unconsolidated joint ventures (Note 4)

1,478

1,965

10,425

39,309

67,960

96,244

128,926

6,977

11,311

11,677

10,370

10,412

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

633,172

663,865

683,738

730,623

767,439

804,772

935,498

762,150

734,556

740,158

700,068

709,059

701,116

709,824

692,195

700,656

603,219

599,095

566,496

577,325

576,541

564,489

456,298

420,192

336,305

338,953

344,197

347,247

346,533

350,260

353,840

340,264

342,917

345,322

345,318

348,054

360,491

Liabilities:
Accounts payable and accrued expenses

6,739

3,580

5,047

4,992

3,686

4,936

6,411

7,178

5,887

4,721

6,006

5,454

4,250

4,393

4,951

4,359

3,393

3,307

3,727

2,780

2,965

2,359

3,305

6,628

2,681

3,127

3,489

1,715

1,496

1,689

2,583

1,566

2,145

1,918

2,806

1,882

2,722

Operating lease liability

3,181

3,242

3,302

3,361

3,418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to affiliates (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

310

1,636

745

1,326

0

1,648

745

28,960

27,330

27,520

25,764

Other liabilities

34,745

10,853

17,636

14,646

7,861

5,940

3,920

4,302

1,919

2,969

5,198

5,761

3,121

3,610

7,339

7,361

4,412

3,703

4,852

4,120

3,334

3,265

4,774

4,844

3,103

3,734

4,350

4,736

3,962

4,801

4,849

2,527

1,193

2,609

2,832

3,454

2,504

Note payable and line of credit, less net deferred financing costs (Note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181,047

-

-

-

114,173

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable and lines of credit, net of deferred financing costs (Note 5)

432,326

452,987

452,768

472,631

472,443

472,240

551,598

292,945

262,765

330,088

332,253

332,164

320,983

320,751

294,110

295,443

193,466

-

138,002

138,002

132,002

-

0

118,491

34,000

52,160

132,356

132,356

132,356

132,356

133,000

118,397

122,025

122,025

132,974

144,073

168,840

Total liabilities

476,991

470,662

478,753

495,630

487,408

483,116

561,929

304,425

270,571

337,778

343,457

343,379

328,354

328,754

306,400

307,163

201,271

188,057

146,581

144,902

138,301

119,797

8,079

129,964

39,784

59,022

140,506

140,443

138,560

140,173

140,433

124,139

126,109

155,514

165,943

176,930

199,831

Commitments and Contingencies (Note 7)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ Equity:
Class A Common stock, $0.01 par value; 900,000 shares authorized; 48,747 and 49,008 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

487

490

490

490

492

492

491

491

491

434

388

388

-

388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, $0.01 par value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

317

317

-

318

318

318

-

296

280

254

Additional paid-in capital

726,939

729,274

729,000

728,792

729,705

730,416

730,814

730,361

730,039

661,222

606,406

605,719

604,860

605,728

605,692

605,287

605,040

607,409

608,574

612,926

612,694

612,518

612,428

451,934

451,839

432,117

300,816

300,881

301,036

301,538

301,442

301,733

302,045

271,617

255,698

241,169

219,082

Accumulated deficit and distributions

-539,660

-528,847

-510,488

-483,376

-446,233

-409,260

-364,454

-278,954

-270,852

-261,652

-250,827

-241,602

-233,954

-226,793

-216,660

-208,572

-200,739

-195,341

-187,198

-180,350

-173,100

-167,364

-164,603

-162,043

-155,823

-152,688

-146,569

-144,041

-141,477

-139,491

-136,858

-134,338

-133,874

-130,620

-126,368

-122,805

-113,326

Accumulated other comprehensive loss

-32,754

-8,276

-14,017

-10,913

-3,933

8

6,718

5,827

4,307

2,376

644

1,175

1,468

1,747

-3,625

-3,610

-2,741

-1,420

-1,852

-549

-1,750

-856

0

88

254

268

438

861

-595

-687

-

-

-

0

-

-

-

Total stockholders’ equity

155,012

192,641

204,985

-

-

321,656

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling Interests

1,169

562

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

156,181

193,203

-

234,993

280,031

321,656

373,569

457,725

463,985

402,380

356,611

365,680

372,762

381,070

385,795

393,493

401,948

411,038

419,915

432,423

438,240

444,692

448,218

290,228

296,520

279,931

203,691

206,804

207,972

210,087

213,407

216,124

216,808

189,808

179,374

171,123

160,659

Total liabilities and equity

633,172

663,865

683,738

730,623

767,439

804,772

935,498

762,150

734,556

740,158

700,068

709,059

701,116

709,824

692,195

700,656

603,219

599,095

566,496

577,325

576,541

564,489

456,298

420,192

336,305

338,953

344,197

347,247

346,533

350,260

353,840

340,264

342,917

345,322

345,318

348,054

360,491