Catchmark timber trust, inc. (CTT)
Income statement / 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'11Sep'10Jun'10
Revenues:
Revenues

26,972

29,096

26,380

28,660

22,573

22,927

24,577

26,249

24,104

-

18,612

26,836

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Timber sales

-

-

-

-

-

-

-

-

-

-

-

-

16,492

-

15,988

14,184

17,501

14,438

12,633

12,672

13,094

10,973

11,392

10,173

8,097

6,856

6,427

7,267

6,151

8,384

7,840

7,062

7,222

8,921

8,764

9,153

8,694

11,867

9,842

Timberland sales

-

-

-

-

-

-

-

-

-

-

-

-

5,450

-

1,199

843

8,666

1,525

3,555

591

6,174

9,075

485

1,025

65

0

645

1,309

543

0

420

10,552

0

-

0

1,021

-

1,489

3

Other revenues

-

-

-

-

-

-

-

-

-

-

-

-

1,183

-

1,123

939

1,014

1,112

1,441

911

976

839

776

703

708

694

784

675

692

701

673

677

663

674

697

688

682

717

1,014

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

23,125

-

18,310

15,966

27,181

17,075

17,629

14,174

20,244

20,887

12,653

11,901

8,870

7,550

7,857

9,252

7,387

9,086

8,934

18,292

7,885

10,315

9,462

10,863

9,376

14,074

10,859

Expenses:
Contract logging and hauling costs

-

-

-

-

-

-

-

-

-

-

-

-

7,421

-

6,485

5,694

6,423

5,093

4,874

4,824

5,120

4,896

4,472

4,207

3,747

3,407

3,153

3,780

3,263

4,010

3,941

3,849

3,996

5,011

5,125

5,299

4,661

5,699

5,164

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

3,432

3,015

Cost of timberland sales

-

-

-

-

-

-

-

-

-

-

-

-

3,863

-

734

692

7,699

1,251

3,089

401

5,006

4,372

345

791

50

8

401

964

378

0

282

7,567

0

-

0

712

-

1,144

1

Advisor fees and expense reimbursements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,648

745

1,480

0

204

1,639

1,535

1,582

Forestry management expenses

-

-

-

-

-

-

-

-

-

-

-

-

1,413

-

1,516

1,372

1,352

1,242

1,071

1,061

1,121

1,204

857

810

696

1,055

567

569

576

570

557

570

572

515

683

687

689

714

715

General and administrative expenses

7,267

3,750

2,984

3,203

3,363

3,823

2,484

3,173

2,945

4,183

2,257

2,742

2,478

2,725

2,206

2,331

2,047

2,451

1,684

1,864

1,668

1,971

1,438

1,060

1,716

3,866

2,543

2,440

1,350

4,227

569

572

555

398

502

514

711

480

604

Land rent expense

124

124

125

133

142

170

153

176

161

169

146

156

150

170

163

121

171

203

158

172

203

215

211

190

215

232

242

257

310

93

469

498

514

552

541

588

535

560

500

Other operating expenses

1,636

1,846

1,341

1,629

1,644

2,106

1,356

1,445

1,396

1,276

1,340

1,453

1,195

1,805

1,156

1,021

1,035

1,310

1,112

935

938

866

750

681

645

917

585

608

660

865

670

568

697

545

747

629

730

810

756

Operating costs and expenses

28,501

28,816

24,691

26,661

21,067

23,025

22,410

26,006

25,123

26,004

19,832

26,475

22,558

23,209

19,332

17,211

26,511

19,333

18,698

15,653

20,258

17,922

12,930

11,468

8,873

11,758

9,436

10,869

8,584

10,906

9,160

17,769

10,063

12,207

10,195

11,495

12,191

14,378

12,341

Operating income (loss)

-

-

-

-

-

-

-

-

-1,019

-

-1,220

361

567

-2,811

-1,022

-1,245

670

-2,258

-1,069

-1,479

-14

2,965

-277

433

-3

-4,208

-1,579

-1,617

-1,196

-1,819

-226

523

-2,177

-1,892

-733

-631

-2,814

-304

-1,481

Other income (expense):
Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

2

-

0

0

0

1

1

0

0

0

0

0

0

1

2

1

Interest income

46

62

80

32

30

82

20

96

64

39

37

26

11

9

12

12

11

3

1

2

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

3,957

4,813

4,472

4,709

4,622

5,130

4,321

2,553

4,251

3,086

2,819

2,726

2,556

2,139

1,887

1,412

1,268

1,041

876

853

803

804

662

784

385

2,017

949

947

790

813

2,274

975

985

1,120

1,275

1,390

1,649

2,158

2,310

Gain on large dispositions

1,279

0

7,197

764

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

107

0

0

-0

-0

-19

-12

-90

9

-112

-325

-10

-673

-960

Total other income (expense)

-2,632

-4,751

2,805

-3,913

-4,592

-5,438

-4,301

-2,457

-4,187

-3,047

-2,782

-2,700

-2,545

-2,130

-1,875

-1,400

-1,257

-1,038

-875

-851

-803

-804

-487

-782

-385

-1,910

-948

-946

-789

-813

-2,293

-987

-1,076

-1,111

-1,387

-1,715

-1,659

-2,830

-3,269

Income (loss) before unconsolidated joint ventures

-

-

4,494

-1,914

-

-

-2,134

-2,214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before unconsolidated joint ventures

-4,161

-

-

-

-3,086

-

-

-

-5,206

-6,329

-4,002

-2,339

-1,978

-

-2,897

-2,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from unconsolidated joint ventures (Note 4)

-88

-8,460

-25,051

-28,651

-27,309

-32,682

-76,765

709

1,821

1,307

-42

-127

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-4,249

-

-20,557

-

-30,395

-

-78,899

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,219

-2,793

-5,388

-4,069

-5,675

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

-

-

-

-30,565

-

-

-

-1,505

-3,385

-

-4,044

-2,466

-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

-3,135

-4,751

Dividends to preferred stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

93

92

92

93

93

92

93

96

98

446

914

934

-924

Net income (loss) available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,199

-2,621

-2,656

-2,078

-2,726

-2,613

-557

-3,347

-

-

-

-

-

-

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

48,989

49,005

49,008

49,076

49,063

49,146

49,118

49,104

44,380

42,608

38,823

38,804

38,769

-

38,831

38,802

-

-

-

-

-

-

-

-

-

14,470

12,696

12,702

12,713

-25,502

12,739

31,884

31,845

-

29,110

27,746

-

-

-

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

-0.09

-0.24

-0.42

-0.62

-0.62

-0.83

-1.61

-0.03

-0.08

-0.13

-0.10

-0.06

-0.05

-

-0.07

-0.07

-

-

-

-

-

-

-

-

-

-0.45

-0.21

-0.21

-0.16

-0.39

-0.21

-0.02

-0.11

-0.80

-0.08

-0.10

-0.20

-0.18

-0.26

Weighted-average common shares outstanding - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,878

-

39,430

39,551

39,253

-

36,874

24,985

24,834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per share - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.02

-

-0.05

-0.06

-0.02

-

-0.02

-0.01

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares outstandingbasic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,592

23,160

21,849

Timber sales
Revenues

18,166

20,027

19,706

16,273

16,551

16,315

16,742

17,745

18,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate
Revenues

4,779

4,994

2,264

8,224

2,090

2,616

3,818

6,834

4,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and expenses

3,422

4,505

2,081

6,921

1,560

1,922

3,210

5,233

3,147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management services
Revenues

2,975

2,829

3,436

2,841

2,842

2,844

2,698

25

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and expenses

1,834

1,709

1,656

1,592

1,734

1,661

1,370

1,422

1,830

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenues
Revenues

1,052

1,246

974

1,322

1,090

1,152

1,319

1,645

1,163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract logging and hauling costs
Costs and expenses

7,277

8,351

8,269

7,153

7,356

7,315

7,613

7,959

8,582

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-