CATCHMARK TIMBER TRUST, INC. CTT Income Statement

Catchmark timber trust, inc. (CTT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Revenues
111,108	106,709	100,540	98,737	96,326	97,857	93,542	95,801	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timber sales
-	-	-	-	-	-	-	-	-	-	-	-	64,026	-	62,111	58,756	57,244	52,837	49,372	48,131	45,632	40,635	36,518	31,553	28,648	26,703	28,231	29,644	29,440	30,510	31,046	31,970	34,061	35,533	38,480	39,558	0	0	0
Timberland sales
-	-	-	-	-	-	-	-	-	-	-	-	9,299	-	12,233	14,589	14,337	11,845	19,395	16,325	16,759	10,650	1,575	1,735	2,020	2,499	2,498	2,273	11,516	10,972	10,972	11,573	0	-	0	0	-	0	0
Other revenues
-	-	-	-	-	-	-	-	-	-	-	-	4,474	-	4,188	4,506	4,478	4,440	4,167	3,502	3,294	3,026	2,881	2,889	2,861	2,846	2,853	2,743	2,745	2,716	2,689	2,713	2,724	2,743	2,786	3,102	0	0	0
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	77,799	-	78,532	77,851	76,059	69,122	72,934	67,958	65,685	54,311	40,974	36,178	33,530	32,048	33,584	34,661	43,701	44,199	45,428	45,955	38,526	40,017	43,776	45,174	0	0	0
Expenses:
Contract logging and hauling costs
-	-	-	-	-	-	-	-	-	-	-	-	26,916	-	23,695	22,084	21,214	19,911	19,714	19,312	18,695	17,322	15,833	14,515	14,089	13,606	14,208	14,996	15,065	15,798	16,800	17,983	19,433	20,098	20,786	20,825	0	0	0
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	12,108	12,530	0	0	0
Cost of timberland sales
-	-	-	-	-	-	-	-	-	-	-	-	6,569	-	10,376	12,731	12,440	9,747	12,868	10,124	10,514	5,558	1,194	1,251	1,425	1,754	1,745	1,625	8,227	7,849	7,849	8,280	0	-	0	0	-	0	0
Advisor fees and expense reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,873	3,873	2,430	3,324	3,379	4,961	0	0	0
Forestry management expenses
-	-	-	-	-	-	-	-	-	-	-	-	6,153	-	5,482	5,037	4,726	4,495	4,457	4,243	3,992	3,567	3,418	3,129	2,888	2,769	2,284	2,273	2,275	2,271	2,216	2,342	2,460	2,576	2,775	2,807	0	0	0
General and administrative expenses
17,204	13,300	13,373	12,873	12,843	12,425	12,785	12,558	12,127	11,660	10,202	10,151	9,740	9,309	9,035	8,513	8,046	7,667	7,187	6,941	6,137	6,185	8,080	9,186	10,566	10,201	10,562	8,588	6,720	5,925	2,095	2,028	1,971	2,127	2,209	2,312	0	0	0
Land rent expense
506	524	570	598	641	660	659	652	632	621	622	639	604	625	658	653	704	736	748	801	819	831	848	880	947	1,043	903	1,130	1,370	1,575	2,034	2,107	2,197	2,217	2,225	2,184	0	0	0
Other operating expenses
6,452	6,460	6,720	6,735	6,551	6,303	5,473	5,457	5,465	5,264	5,793	5,609	5,177	5,017	4,522	4,478	4,392	4,295	3,851	3,489	3,235	2,942	2,993	2,828	2,756	2,772	2,720	2,805	2,764	2,801	2,482	2,559	2,620	2,653	2,917	2,926	0	0	0
Operating costs and expenses
108,669	101,235	95,444	93,163	92,508	96,564	99,543	96,965	97,434	94,869	92,074	91,574	82,310	86,263	82,387	81,753	80,195	73,942	72,531	66,763	62,578	51,193	45,029	41,536	40,938	40,650	39,797	39,521	46,420	47,899	49,200	50,235	43,961	46,090	48,261	50,406	0	0	0
Operating income (loss)
-	-	-	-	-	-	-	-	-5,160	-	-3,103	-2,905	-4,511	-4,408	-3,855	-3,902	-4,136	-4,820	403	1,195	3,107	3,118	-4,055	-5,357	-7,408	-8,602	-6,212	-4,859	-2,719	-3,699	-3,772	-4,279	-5,434	-6,072	-4,484	-5,232	0	0	0
Other income (expense):
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3	3	3	2	1	1	0	1	2	4	5	0	0	0
Interest income
220	204	224	164	228	262	219	236	166	113	83	58	44	44	38	27	17	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
17,951	18,616	18,933	18,782	16,626	16,255	14,211	12,709	12,882	11,187	10,240	9,308	7,994	6,706	5,608	4,597	4,038	3,573	3,336	3,122	3,053	2,635	3,848	4,136	4,299	4,705	3,500	4,825	4,853	5,049	5,356	4,357	4,772	5,435	6,474	7,509	0	0	0
Gain on large dispositions
9,240	7,961	7,961	764	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107	-1	-20	-32	-123	-113	-206	-519	-439	-1,122	-1,970	0	0	0
Total other income (expense)
-8,491	-10,451	-11,138	-18,244	-16,788	-16,383	-13,992	-12,473	-12,716	-11,074	-10,157	-9,250	-7,950	-6,662	-5,570	-4,570	-4,021	-3,567	-3,333	-2,945	-2,876	-2,458	-3,564	-4,025	-4,190	-4,595	-3,498	-4,843	-4,884	-5,171	-5,469	-4,563	-5,290	-5,873	-7,592	-9,474	0	0	0
Income (loss) before unconsolidated joint ventures
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before unconsolidated joint ventures
0	-	-	-	0	-	-	-	-17,876	-14,648	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from unconsolidated joint ventures (Note 4)
-62,250	-89,471	-113,693	-165,407	-136,047	-106,917	-72,928	3,795	2,959	1,138	-169	-127	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-178,077	-	-	-	-13,956	-14,917	-	-13,429	-12,282	-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	-12,076	-14,707	0	0	0
Dividends to preferred stockholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360	373	373	373	373	376	381	735	1,556	2,394	1,371	0	0	0
Net income (loss) available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,557	-10,084	-10,076	-7,976	-9,244	0	0	0	-	-	-	-	-	-
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
74,172	72,557	68,845	65,881	67,353	69,455	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate
Revenues
20,261	17,572	15,194	16,748	15,358	17,520	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and expenses
16,929	15,067	12,484	13,613	11,925	13,512	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management services
Revenues
12,081	11,948	11,963	11,225	8,409	5,603	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and expenses
6,791	6,691	6,643	6,357	6,187	6,283	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other revenues
Revenues
4,594	4,632	4,538	4,883	5,206	5,279	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract logging and hauling costs
Costs and expenses
31,050	31,129	30,093	29,437	30,243	31,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-