Catchmark timber trust, inc. (CTT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Revenues

106,709

97,857

91,295

81,855

-

-

-

-

-

-

-

Timber sales

-

-

-

-

52,837

40,635

26,703

30,510

35,533

41,404

43,534

Timberland sales

-

-

-

-

11,845

10,650

2,499

10,972

1,740

2,267

5,013

Other revenues

-

-

-

-

4,440

3,026

2,846

2,716

2,743

3,909

3,698

Total revenues

-

-

-

-

69,122

54,311

32,048

44,199

40,017

47,582

52,245

Expenses:
Contract logging and hauling costs

-

-

-

-

19,911

17,322

13,606

15,798

20,098

21,085

22,634

Depletion

28,064

25,912

29,035

28,897

27,091

14,788

8,505

11,677

11,759

14,338

17,443

Cost of timberland sales

-

-

-

-

9,747

5,558

1,754

7,849

1,332

1,557

3,416

Advisor fees and expense reimbursements

-

-

-

-

-

-

-

-

3,324

6,130

5,903

Forestry management expenses

-

-

-

-

4,495

3,567

2,769

2,271

2,576

2,813

2,791

General and administrative expenses

13,300

12,425

11,660

9,309

7,667

6,185

10,201

5,925

2,127

2,011

2,183

Land rent expense

524

660

621

625

736

831

1,043

1,575

2,217

2,190

2,344

Other operating expenses

6,460

6,303

5,264

5,017

4,295

2,942

2,772

2,801

2,653

2,915

3,383

Operating costs and expenses

101,235

96,564

94,869

86,263

73,942

51,193

40,650

47,899

46,090

53,043

60,101

Operating income (loss)

-

-

-

-4,408

-4,820

3,118

-8,602

-3,699

-6,072

-5,460

-7,855

Other income (expense):
Interest income

-

-

-

-

-

177

3

1

2

5

26

Interest income

204

262

113

44

6

-

-

-

-

-

-

Interest expense

18,616

16,255

11,187

6,706

3,573

2,635

4,705

5,049

5,435

8,560

10,013

Gain on large dispositions

7,961

-390

0

0

-

-

-

-

-

-

-

Gain (loss) on interest rate swap

-

-

-

-

-

-

107

-123

-439

-1,794

-2,105

Total other income (expense)

-10,451

-16,383

-11,074

-6,662

-3,567

-2,458

-4,595

-5,171

-5,873

-10,348

-12,092

Income (loss) before unconsolidated joint ventures

-

-

-

-11,070

-

-

-

-

-

-

-

Loss before unconsolidated joint ventures

-4,977

-15,090

-14,648

-

-8,387

-

-

-

-

-

-

Loss from unconsolidated joint ventures (Note 4)

-89,471

-106,917

1,138

0

0

-

-

-

-

-

-

Net loss before income taxes

-94,448

-122,007

-13,510

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-1,100

0

0

-

-

-

-

-

-

-

-

Net loss

-93,321

-122,007

-13,510

-

-

-

-

-

-

-

-23,588

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-11,070

-8,387

660

-13,197

-8,870

-11,945

-15,809

-19,948

Dividends to preferred stockholder

-

-

-

-

-

-

360

373

1,556

3,708

3,640

Net income (loss) available to common stockholders

-

-

-

-

-

-

-13,557

-9,244

-13,502

-19,518

-

Weighted-average common shares outstanding - basic and diluted (in shares)

49,038

47,937

39,751

38,830

39,348

31,568

13,146

12,741

11,395

9,122

-

Net loss per share - basic and diluted (in dollars per share)

-1.90

-2.55

-0.34

-0.29

-0.21

0.02

-1.03

-0.73

-1.18

-2.14

-1.36

Weighted-average common shares outstandingbasic and diluted

-

-

-

-

-

-

-

-

-

-

17,306

Timber sales
Revenues

72,557

69,455

71,353

65,035

-

-

-

-

-

-

-

Real Estate
Revenues

17,572

17,520

14,768

12,515

-

-

-

-

-

-

-

Costs and expenses

15,067

13,512

10,423

10,405

-

-

-

-

-

-

-

Management services
Revenues

11,948

5,603

108

0

-

-

-

-

-

-

-

Costs and expenses

6,691

6,283

6,758

6,092

-

-

-

-

-

-

-

Other revenues
Revenues

4,632

5,279

5,066

4,305

-

-

-

-

-

-

-

Contract logging and hauling costs
Costs and expenses

31,129

31,469

31,108

25,918

-

-

-

-

-

-

-