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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

0

-14,917

-

-13,429

-12,283

-12,461

-11,070

-9,425

-8,472

-8,157

-8,387

-2,930

-1,750

231

660

-7,619

-9,383

-11,598

-13,197

-9,711

-9,703

-7,603

-8,870

-9,242

-8,842

-10,725

-11,945

0

0

0

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

29,737

28,064

25,561

23,550

24,118

25,912

28,408

29,449

30,059

29,035

28,572

28,379

27,151

28,897

28,619

28,257

28,673

27,091

23,706

21,853

19,186

14,788

12,660

9,744

8,263

8,505

9,767

10,496

10,742

11,677

11,227

11,151

11,515

11,759

0

0

0

Basis of timberland sold, lease terminations and other

16,433

14,964

12,611

13,740

12,004

13,053

11,236

8,500

9,432

10,112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basis of timberland sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11,646

-

11,782

9,222

9,601

5,072

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

4,003

2,790

2,470

2,277

2,583

2,689

2,932

3,009

3,131

2,786

2,429

2,147

1,868

1,724

1,567

1,393

987

889

775

650

513

418

2,086

2,017

1,921

1,838

36

20

20

28

28

21

21

21

0

0

0

Basis of timberland sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Noncash interest expense

2,016

1,559

1,057

1,243

1,191

2,612

2,631

2,458

2,503

1,094

1,089

1,076

1,027

954

857

763

686

648

641

888

814

738

1,736

1,389

1,348

1,332

239

1,596

1,659

1,731

1,797

504

487

468

0

0

0

Other amortization

70

227

220

227

364

210

209

198

188

176

169

161

153

139

126

121

116

117

119

112

107

98

86

86

119

156

191

278

277

275

275

220

218

216

0

0

0

Gain on large dispositions

9,240

7,961

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from unconsolidated joint ventures

-62,250

-89,471

-113,693

-165,407

-136,047

-106,917

-72,928

3,795

2,959

1,138

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating distributions from unconsolidated joint ventures

799

978

902

231

1,762

3,771

3,658

3,668

2,188

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

129

311

524

781

847

987

871

512

531

0

0

0

Changes in assets and liabilities:
Accounts receivable

1,217

1,473

-1,201

3,826

3,416

3,449

2,846

128

1,361

1,208

970

1,734

114

1,201

1,593

536

745

1,764

1,437

465

277

204

173

802

385

-64

-350

69

32

13

163

-171

-64

-207

0

0

0

Prepaid expenses and other assets

-102

-256

-256

-3,834

-177

260

-396

3,224

-634

-160

816

111

435

224

149

112

49

-187

-186

-161

-139

-619

514

944

804

1,144

-37

386

488

580

461

-7

-96

-127

0

0

0

Accounts payable and accrued expenses

2,376

-1,309

-1,367

-183

-2,271

122

274

-434

1,756

279

1,155

1,142

791

1,141

1,588

1,498

379

985

-161

-781

212

-998

-162

1,747

1,143

1,395

940

148

-651

-228

-323

-319

-75

-756

0

0

0

Due to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,326

310

-12

0

-153

0

1,443

745

3,103

0

0

0

Other liabilities

-528

-291

-260

-1,371

164

-164

-55

-275

-594

-367

-181

551

107

400

672

140

56

-158

-1,805

-1,304

-1,541

-1,346

402

86

-149

-135

-71

1,693

1,798

1,195

1,847

-55

-9

637

0

0

0

Net cash provided by operating activities

38,954

32,942

29,038

26,678

24,096

29,796

30,960

25,471

30,060

27,419

29,332

31,016

24,385

30,849

31,986

34,972

33,592

28,494

30,876

28,586

28,985

19,845

9,235

3,404

384

-1,071

3,350

5,001

12,491

11,425

11,768

11,029

3,090

4,572

0

0

0

Cash Flows from Investing Activities:
Payments to Acquire Timberlands

-

-

-

-

-

91,821

140,962

85,846

53,600

52,260

31,004

27,607

130,045

141,570

160,540

162,116

73,780

75,793

174,742

179,089

247,697

237,527

91,326

87,832

6,090

1,743

0

0

0

-

-

-

-

-

-

-

-

Capital expenditures (excluding timberland acquisitions)

5,631

4,178

4,781

4,651

4,285

4,571

4,784

4,872

4,967

5,617

4,542

4,627

4,653

3,195

3,349

3,042

2,559

2,668

1,841

1,426

1,414

906

723

291

539

444

-22,019

767

368

530

23,663

1,753

1,785

1,626

0

0

0

Distributions from unconsolidated joint ventures

3,434

3,830

3,905

2,029

5,540

4,744

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from large dispositions

46,014

25,151

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Funds released from escrow accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,050

-325

-1,247

-784

-4,712

-1,956

-1,886

-1,716

-1,090

0

0

0

Net cash provided by (used in) investing activities

41,844

22,830

103,012

-176,401

-209,113

-212,514

-340,888

-87,156

-69,106

-68,416

-46,085

-42,773

-134,698

-144,765

-163,889

-165,158

-76,339

-78,461

-176,583

-180,515

-249,111

-238,433

-90,761

-86,771

-4,763

-137

-1,922

-22,044

-22,108

-18,342

-21,707

132

-69

-536

0

0

0

Cash Flows from Financing Activities:
Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

143,500

163,000

163,000

66,000

67,500

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable

40,914

20,064

99,064

79,000

79,000

148,000

361,156

361,156

361,156

292,156

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116,748

235,239

237,248

254,910

218,856

100,365

98,356

80,196

0

0

0

-

-

-

-

0

0

0

0

Financing costs paid

81

82

650

1,364

1,370

1,434

4,304

3,694

3,739

3,674

372

321

1,109

1,866

2,225

2,160

1,359

781

2,590

2,608

3,496

3,302

2,414

2,436

1,508

1,494

184

1,370

1,370

1,370

0

0

0

-

-

-

-

Issuance of common stock

-

-

-

-

-

72,450

129,260

129,260

129,260

56,810

0

0

0

-

-

-

-

-

-

-

-

190,222

332,327

163,421

163,421

142,105

0

0

0

4,062

20,491

35,221

48,218

54,511

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends/distributions paid

26,339

26,269

26,299

26,345

26,364

25,601

24,816

23,397

21,981

21,349

20,738

20,747

20,754

20,382

20,037

19,750

19,482

19,590

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares

4,052

3,004

4,007

3,412

2,007

1,003

0

0

0

1,036

1,404

1,404

1,737

3,208

4,256

8,844

8,511

6,004

0

0

0

-

-

-

-

582

480

499

654

743

1,058

1,029

976

892

0

0

0

Repurchase of common shares for minimum tax withholding

965

365

365

488

862

1,348

1,348

1,225

910

311

312

312

311

199

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemptions of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

356

1,255

3,455

6,236

5,880

0

0

0

Dividends paid on preferred stock redeemed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

103

363

992

1,743

1,639

0

0

0

Commissions on stock sales and related dealer-manager fees paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

447

0

0

0

-

-

-

-

Commissions on stock sales and related dealer-manager fees paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other offering costs paid

-

-

-

-

-

3,537

6,332

6,299

6,199

2,709

0

0

0

-

-

-

-

-

-

-

-

10,042

21,090

13,266

13,259

11,592

542

0

0

83

252

425

580

625

0

0

0

Placement and structuring agent fees paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in financing activities

-72,806

-49,899

-130,299

148,444

179,350

180,527

313,423

56,608

39,394

39,694

14,761

13,310

103,743

114,999

134,351

131,608

36,508

40,627

111,116

157,718

237,486

227,339

116,309

78,418

-2,453

-1,399

-1,851

12,088

8,305

11,288

14,607

725

-191

-5,976

0

0

0

Net change in cash and cash equivalents

7,992

5,873

1,751

-1,279

-5,667

-2,191

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-1,992

1,553

-6,570

1,083

2,448

1,422

-6,239

-9,340

-34,591

5,789

17,360

8,751

34,783

-4,948

-6,832

-2,607

-423

-4,953

-1,312

4,372

4,668

11,887

2,829

-1,939

0

0

0