Catchmark timber trust, inc. (CTT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities:
Net loss

-93,321

-122,007

-13,510

-

-

-

-

-

-

-

-

Net loss

-

-

-

-11,070

-8,387

660

-13,197

-8,870

-11,945

-15,809

-19,948

Adjustments to reconcile net loss to net cash provided by operating activities:
Depletion

28,064

25,912

29,035

28,897

27,091

14,788

8,505

11,677

11,759

14,338

17,443

Basis of timberland sold, lease terminations and other

14,964

13,053

10,112

10,089

8,886

-

-

-

-

-

-

Basis of timberland sold

-

-

-

-

-

5,072

-

-

1,172

-

-

Stock-based compensation expense

2,790

2,689

2,786

1,724

889

418

1,838

28

21

0

0

Basis of timberland sold

-

-

-

-

-

-

1,570

7,187

-

1,392

-3,228

Noncash interest expense

1,559

2,612

1,094

954

648

738

1,332

1,731

468

1,208

1,446

Other amortization

227

210

176

139

117

98

156

275

216

206

190

Gain on large dispositions

7,961

-390

0

0

-

-

-

-

-

-

-

Income from unconsolidated joint ventures

-89,471

-106,917

1,138

0

0

-

-

-

-

-

-

Operating distributions from unconsolidated joint ventures

978

3,771

0

0

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-1,100

0

0

-

-

-

-

-

-

-

-

Interest paid under swaps with other-than-insignificant financing element

115

0

0

-

-

-

-

-

-

-

-

Basis of casualty loss

-

-

-

-

-

0

-

25

91

-

-

Unrealized gain on interest rate swaps

-

-

-

-

-

-

129

847

531

2,271

-3,319

Basis of timber on terminated leases

-

-

-

-

-

-

-

-

-

26

-705

Basis of casualty loss

-

-

-

-

-

-

-

-

-

0

0

Changes in assets and liabilities:
Accounts receivable

1,473

3,449

1,208

1,201

1,764

204

-64

13

-207

-140

225

Prepaid expenses and other assets

-256

260

-160

224

-187

-619

1,144

580

-127

-63

-93

Accounts payable and accrued expenses

-1,309

122

279

1,141

985

-998

1,395

-228

-756

-137

-583

Due to affiliates

-

-

-

-

-

-

-1,326

-153

3,103

6,146

5,949

Other liabilities

-291

-164

-367

400

-158

-1,346

-135

1,195

637

-151

47

Net cash provided by operating activities

32,942

29,796

27,419

30,849

28,494

19,845

-1,071

11,425

4,572

5,154

5,029

Cash Flows from Investing Activities:
Payments to Acquire Timberlands

1,973

91,821

52,260

141,570

75,793

237,527

1,743

22,523

0

-

-

Capital expenditures (excluding timberland acquisitions)

4,178

4,571

5,617

3,195

2,668

906

444

530

1,626

1,040

-1,022

Investment in unconsolidated joint ventures

0

200,000

10,539

0

0

-

-

-

-

-

-

Distributions from unconsolidated joint ventures

3,830

4,744

0

0

-

-

-

-

-

-

-

Net proceeds from large dispositions

25,151

79,134

0

0

-

-

-

-

-

-

-

Funds released from escrow accounts

-

-

-

-

-

-

-2,050

-4,712

-1,090

-102

-623

Net cash provided by (used in) investing activities

22,830

-212,514

-68,416

-144,765

-78,461

-238,433

-137

-18,342

-536

-937

1,646

Cash Flows from Financing Activities:
Proceeds from notes payable

-

-

-

-

-

320,750

0

133,000

0

-

-

Proceeds from CoBank loan

-

-

-

-

-

-

-

-

-

0

-

Proceeds from notes payable

0

289,000

304,119

143,500

67,500

-

-

-

-

211,000

0

Repayments of senior loan

-

-

-

-

-

-

-

-

-

201,852

-

Repayments of mezzanine loan

-

-

-

-

-

-

-

-

-

14,988

-

Repayments of mezzanine loan

-

-

-

-

-

-

-

-

-

-

50,743

Repayment of notes payable

20,064

148,000

292,156

2,846

498

-

-

-

46,814

42,159

0

Repayment of notes payable

-

-

-

-

-

254,910

80,196

122,669

0

0

6,748

Financing costs paid

82

1,434

3,674

1,866

781

3,302

1,494

1,370

273

2,207

303

Issuance of common stock

0

72,450

56,810

0

0

190,222

142,105

4,062

54,511

54,463

60,408

Interest paid under swaps with other-than-insignificant financing element

115

0

0

-

-

-

-

-

-

-

-

Dividends paid to common stockholders

-

-

-

-

-

15,336

0

0

-

-

-

Dividends/distributions paid

26,269

25,601

21,349

20,382

19,590

-

-

-

-

-

-

Issuance of Preferred Stock

-

-

-

-

-

-

-

-

-

-

800

Repurchase of common shares

3,004

1,003

1,036

3,208

6,004

43

582

743

892

859

257

Repurchase of common shares for minimum tax withholding

365

1,348

311

199

0

-

-

0

0

-

-

Redemptions of common stock

-

-

-

-

-

-

680

-

-

-

-

Redemptions of preferred stock

-

-

-

-

-

-

37,392

356

5,880

0

0

Dividends paid on preferred stock redeemed

-

-

-

-

-

-

11,568

103

1,639

0

0

Commissions on stock sales and related dealer-manager fees paid

-

-

-

-

-

-

-

447

4,266

3,726

-

Commissions on stock sales and related dealer-manager fees paid

-

-

-

-

-

-

-

-

-

-

5,022

Other offering costs paid

0

3,537

2,709

0

0

10,042

11,592

83

625

429

0

Placement and structuring agent fees paid

-

-

-

-

-

-

-

-

93

303

-

Placement and structuring agent fees paid

-

-

-

-

-

-

-

-

-

-

0

Net cash used in financing activities

-49,899

180,527

39,694

114,999

40,627

227,339

-1,399

11,288

-5,976

-1,064

-1,865

Net change in cash and cash equivalents

5,873

-2,191

-1,303

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

1,083

-9,340

8,751

-2,607

4,372

-1,939

3,152

1,516