Catchmark timber trust, inc. (CTT)
CashFlow / Quarterly
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'11Mar'11
Cash Flows from Operating Activities:
Net loss

-4,249

-

-

-

-30,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-1,505

-3,385

-

-4,043

-2,467

-1,978

-4,941

-2,897

-2,645

-587

-3,296

-1,944

-2,330

-817

2,161

-764

-349

-388

-6,118

-2,527

-2,563

-1,986

-2,632

-2,519

-464

-3,254

-3,003

-2,120

-2,346

-4,473

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

6,941

8,531

8,235

6,030

5,268

6,028

6,224

6,598

7,062

8,524

7,265

7,208

6,038

8,061

7,072

5,980

7,784

7,783

6,710

6,396

6,202

4,398

4,857

3,729

1,804

2,270

1,941

2,247

2,045

3,532

2,670

2,494

2,980

3,083

2,594

2,857

3,223

Basis of timberland sold, lease terminations and other

3,276

4,635

1,854

6,668

1,807

2,282

2,983

4,932

2,856

465

247

5,864

3,536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basis of timberland sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

601

7,327

-

2,859

327

4,567

4,029

299

706

38

-

355

876

337

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,872

838

803

490

659

518

610

796

765

761

687

918

420

404

405

639

276

247

231

233

178

133

106

96

83

1,801

36

0

0

0

20

0

8

0

13

0

8

Basis of timberland sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,962

0

-

-

-

-

Noncash interest expense

707

743

252

314

250

241

438

262

1,671

260

265

307

262

255

252

258

189

158

158

181

151

151

405

107

75

1,149

58

66

58

57

1,414

129

129

123

121

112

110

Other amortization

51

57

47

-85

208

50

54

52

54

49

43

42

42

42

35

34

28

29

30

29

29

31

23

24

20

19

22

57

56

55

109

56

55

54

54

54

53

Gain on large dispositions

1,279

0

7,197

764

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from unconsolidated joint ventures

-88

-8,460

-25,051

-28,651

-27,309

-32,682

-76,765

709

1,821

1,307

-42

-127

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating distributions from unconsolidated joint ventures

0

189

661

-51

179

113

-10

1,480

2,188

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

340

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

128

182

213

256

195

322

97

-103

215

Changes in assets and liabilities:
Accounts receivable

-1,619

3,480

-1,972

1,328

-1,363

806

3,055

918

-1,330

203

337

2,151

-1,483

-35

1,101

531

-396

357

44

740

623

30

-928

552

550

-0

-299

134

100

-286

121

97

81

-136

-214

204

-60

Prepaid expenses and other assets

-359

-35

420

-128

-513

-35

-3,158

3,529

-76

-691

462

-329

398

285

-243

-5

187

210

-280

-68

-49

211

-255

-46

-529

1,344

175

-186

-189

163

598

-83

-97

44

129

-173

-128

Accounts payable and accrued expenses

2,576

-1,447

47

1,200

-1,109

-1,505

1,231

-888

1,284

-1,353

523

1,302

-193

-477

510

951

157

-30

420

-168

763

-1,176

-200

825

-447

-340

1,709

221

-195

-794

917

-578

227

-888

920

-334

-454

Due to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-309

-1,326

891

-581

1,326

-1,648

903

-734

1,480

-204

204

1,623

Other liabilities

-1,042

-1,316

560

1,270

-805

-1,285

-551

2,805

-1,133

-1,176

-771

2,486

-906

-990

-39

2,042

-613

-718

-571

1,958

-827

-2,365

-70

1,721

-632

-616

-385

1,485

-617

-553

1,379

1,590

-1,221

99

-524

1,635

-573

Net cash provided by operating activities

11,259

4,429

11,308

11,958

5,247

525

8,948

9,376

10,947

1,689

3,459

13,965

8,306

3,602

5,143

7,334

14,770

4,739

8,129

5,954

9,672

7,121

5,839

6,353

532

-3,488

8

3,333

-923

932

1,659

10,822

-1,989

1,275

920

2,884

-507

Cash Flows from Investing Activities:
Payments to Acquire Timberlands

-

-

-

-

-

397

57,827

31,278

2,319

49,538

2,711

-968

979

28,282

-686

101,470

12,504

47,252

890

13,134

14,517

146,201

5,237

81,742

4,347

0

1,742

0

0

-

-

-

-

-

-

-

-

Capital expenditures (excluding timberland acquisitions)

2,712

1,147

834

938

1,259

1,750

704

572

1,545

1,963

792

667

2,195

888

877

693

737

1,042

570

210

846

215

155

198

338

32

-276

445

242

-22,431

22,510

47

404

701

600

79

244

Distributions from unconsolidated joint ventures

400

-189

3,172

51

796

-114

1,296

3,562

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from large dispositions

20,863

0

19,840

5,311

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

-

-

-

-

-

-

-

-

Funds released from escrow accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,287

-65

-513

-184

437

-987

-50

-4,112

3,193

-917

120

-3,486

Net cash provided by (used in) investing activities

18,551

-3,309

22,178

4,424

-463

76,873

-257,235

-28,288

-3,864

-51,501

-3,503

-10,238

-3,174

-29,170

-191

-102,163

-13,241

-48,294

-1,460

-13,344

-15,363

-146,416

-5,392

-81,940

-4,685

1,255

-1,401

67

-58

-529

-21,523

2

3,707

-3,894

316

-199

3,241

Cash Flows from Financing Activities:
Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

27,500

0

103,000

13,000

47,000

0

6,000

14,500

-

0

86,500

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable

20,850

0

20,064

0

0

79,000

0

0

69,000

292,156

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

498

116,250

118,491

2,009

18,160

80,196

0

0

0

-

-

-

-

-35,866

11,098

12,722

12,044

Financing costs paid

30

34

15

2

31

602

729

8

95

3,472

119

53

30

170

68

841

787

529

3

40

209

2,338

21

928

15

1,450

43

0

0

140

1,229

0

0

-

-

-

-

Issuance of common stock

-

-

-

-

-

0

0

0

72,450

56,810

0

0

0

-

-

-

-

-

-

-

-

0

168,906

0

21,316

142,105

0

0

0

0

0

0

4,062

16,429

14,729

12,997

10,355

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

340

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends/distributions paid

6,648

6,558

6,555

6,578

6,578

6,588

6,601

6,597

5,815

5,803

5,182

5,181

5,183

5,192

5,191

5,188

4,811

4,847

4,904

4,920

4,919

-

4,920

2,748

2,747

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares

2,052

0

595

1,405

1,004

1,003

0

0

0

0

0

0

1,036

368

0

333

2,507

1,416

4,588

0

0

-

-

-

-

101

198

64

217

0

217

219

306

315

188

166

223

Repurchase of common shares for minimum tax withholding

965

0

0

0

365

0

123

374

851

0

0

59

252

1

0

58

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemptions of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

356

899

2,200

2,781

0

Dividends paid on preferred stock redeemed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

103

260

629

750

0

Commissions on stock sales and related dealer-manager fees paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

447

-

-

-

-

Commissions on stock sales and related dealer-manager fees paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

884

Other offering costs paid

-

-

-

-

-

-86

33

100

3,490

2,709

0

0

0

-

-

-

-

-

-

-

-

1

8,367

7

1,667

11,049

542

0

0

0

0

0

83

168

173

155

129

Placement and structuring agent fees paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93

Net cash used in financing activities

-30,885

-6,707

-27,229

-7,985

-7,978

-87,107

251,514

22,921

-6,801

45,789

-5,301

5,707

-6,501

20,856

-6,752

96,140

4,755

40,208

-9,495

1,040

8,874

110,697

37,107

80,808

-1,273

-332

-784

-64

-218

-784

13,155

-3,847

2,765

2,533

-726

-4,764

-3,019

Net change in cash and cash equivalents

-1,075

-5,587

6,257

8,397

-3,194

-9,709

3,227

4,009

282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-5,345

9,434

-1,369

-4,712

-1,800

1,311

6,284

-3,347

-2,826

-6,350

3,183

-28,598

37,554

5,221

-5,426

-2,565

-2,177

3,336

-1,200

-381

-6,708

6,978

4,484

-85

510

-2,079

-285