Frp holdings, inc. (FRPH)
Income statement / 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'11Dec'10Jun'10
Revenues:
Lease revenue

14,431

14,318

14,261

14,297

14,065

13,883

8,644

8,129

5,381

8,361

16,463

19,620

24,952

24,758

24,457

24,077

23,779

23,569

23,410

22,188

21,822

21,234

21,327

19,580

19,777

19,934

19,060

21,290

20,697

20,101

19,555

19,061

18,624

18,408

18,044

17,445

0

0

0

Mining lands lease revenue

9,394

9,438

9,351

9,174

8,596

8,139

7,882

7,520

7,274

7,241

7,168

7,421

7,645

7,662

7,443

7,077

6,758

6,317

5,999

5,763

5,420

5,308

5,256

5,177

5,105

5,146

5,209

5,254

5,056

4,837

4,483

4,171

4,250

4,143

4,261

4,440

0

0

0

Revenue - reimbursements

-

-

-

-

-

-

-

-

-

-

2,957

4,288

5,256

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

108,888

107,001

105,274

103,476

102,789

102,064

99,651

97,801

95,273

0

0

0

Revenue - reimbursements

-

-

-

-

-

-

-

-

-

-

-

-

-

5,726

5,557

5,426

5,297

5,281

5,237

4,757

5,271

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

23,825

23,756

23,612

23,471

22,661

22,022

14,896

14,189

11,355

15,602

26,588

31,329

37,853

38,146

37,457

36,580

35,834

35,167

34,646

2,219

1,401

460

30,978

-20,473

7,556

33,417

27,654

135,432

132,754

130,212

127,514

126,021

124,938

122,202

120,106

117,158

0

0

0

Cost of operations:
Depreciation, depletion and amortization

5,836

5,855

5,938

6,328

6,987

7,898

7,148

8,131

6,273

5,934

7,231

6,587

8,380

8,250

8,051

7,703

7,442

7,391

7,378

7,260

7,148

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

4,177

4,134

4,078

4,109

4,302

4,285

3,004

2,896

2,000

2,136

3,077

3,348

4,115

9,220

10,449

-3,442

192

875

4,609

22,170

23,747

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Environmental remediation recovery

-

-

0

-

-

-

0

-

-

-

0

-

-

0

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property taxes

2,925

2,941

2,882

2,805

2,703

2,625

1,880

1,864

1,629

2,016

3,174

3,614

4,366

4,446

4,475

4,508

4,374

4,466

4,443

4,197

4,082

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management company indirect

2,594

2,514

2,271

2,151

1,996

1,765

1,534

1,335

1,187

1,295

1,602

1,670

1,788

1,815

1,844

1,844

1,853

1,799

1,647

1,586

1,555

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Corporate expenses

0

-

-

-

0

-

-

-

-

-

-

-

-

3,203

3,080

3,062

2,935

3,407

4,388

-23,937

-23,441

-23,198

5,224

-38,022

-13,388

10,144

4,851

100,106

99,040

97,444

96,000

95,676

94,793

92,168

89,773

86,124

0

0

0

Mining royalty land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,274

1,262

1,267

1,252

1,302

1,329

1,358

1,404

1,393

0

0

0

Developed property rentals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

15,432

15,121

15,144

15,070

12,853

13,003

13,161

13,145

12,934

0

0

0

Corporate expenses

-

-

783

573

-

-

1,695

1,790

647

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,282

1,172

1,062

1,091

1,085

1,158

1,120

1,415

1,413

0

0

0

Total cost of operations

18,630

18,000

18,139

17,688

19,441

20,060

16,681

17,901

13,621

14,561

18,449

18,623

24,171

19,784

15,249

28,759

22,300

22,524

22,465

-29,142

-29,123

-29,391

4,391

-47,291

-18,490

9,583

3,536

118,094

116,595

114,917

113,413

110,916

110,283

107,807

105,737

101,864

0

0

0

Transportation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

8,782

7,961

7,830

7,476

7,113

7,271

7,483

8,028

9,149

0

0

0

Mining royalty land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

3,980

3,794

3,570

3,231

2,869

2,921

2,785

2,857

3,047

0

0

0

Developed property rentals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

5,858

5,576

4,957

4,485

6,208

5,621

5,247

4,899

4,511

0

0

0

Unallocated corporate

-

-

783

573

-

-

1,695

1,790

647

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,282

1,172

1,062

1,091

1,085

1,158

1,120

1,415

1,413

0

0

0

Total operating profit

5,195

5,756

5,473

5,783

3,220

1,962

-1,785

-3,712

-2,266

1,041

8,139

12,706

13,682

13,787

16,383

15,863

17,786

16,436

12,181

0

0

0

-

-

-

0

-

17,338

16,159

15,295

14,101

15,105

14,655

14,395

14,369

15,294

0

0

0

Total operating profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on investment land sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

Net investment income, including realized gains of $144, $0, $591 and $0, respectively

8,556

8,375

6,610

6,245

4,477

2,672

1,875

221

5

0

0

0

0

1

2

2

2

1

0

21

22

22

23

3

2

7

38

52

42

49

26

43

123

210

303

377

0

0

0

Interest expense

517

1,054

1,674

2,313

2,848

3,103

4,128

4,143

3,336

2,741

1,337

827

1,219

1,386

1,561

1,778

1,845

2,050

2,014

1,859

1,810

1,500

1,366

1,387

2,114

2,384

2,501

2,648

2,048

2,262

2,638

2,948

3,200

3,244

3,346

3,499

0

0

0

Equity in loss of joint ventures

-2,332

-1,954

-1,334

-601

-340

-88

-45

-44

-839

-1,598

-2,708

-3,348

-2,728

-2,043

-978

-216

-105

-169

-145

-291

-245

-126

-128

-125

-107

-87

-63

-30

-19

-9

-8

-31

-45

-46

-39

-16

0

0

0

Gain on remeasurement of investment in real estate partnership

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on termination of sale contract

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,039

1,039

1,039

1,039

0

0

0

0

-

Gain on real estate

669

661

659

533

0

-

0

0

-

-

0

-

-

-257

6,029

6,163

6,272

6,269

-34

-72

378

403

476

6,745

6,295

6,273

7,333

0

0

0

-

-

-

-

-

-

-

-

-

Income from continuing operations before income taxes

11,571

11,784

9,780

9,690

4,549

1,483

-4,086

52,518

53,760

56,898

64,290

8,383

9,478

10,102

19,875

20,034

22,110

20,487

9,988

7,123

6,643

6,760

8,745

8,574

10,621

12,840

14,122

15,828

15,250

14,189

12,520

13,208

12,572

12,354

11,287

12,156

0

0

0

Provision for income taxes

2,891

2,962

2,784

2,566

1,256

524

-8,925

6,110

6,348

7,350

17,441

3,176

3,622

3,869

7,851

7,896

8,700

8,052

3,895

2,929

2,741

2,786

3,561

3,344

4,143

5,008

5,508

6,161

5,909

5,480

4,809

5,111

4,792

4,708

4,298

4,324

0

0

0

Income from continuing operations

8,680

8,822

6,996

7,124

3,293

959

44,057

42,152

0

-

0

0

-

0

-

-

-

-

6,093

0

0

0

-

0

0

-

-

-

-

-

7,711

8,097

7,780

7,646

6,989

7,832

0

0

0

Income from discontinued operations, net

6,770

6,856

6,869

6,804

120,493

122,129

123,694

125,360

0

-

0

0

-

0

-

-

-

-

2,179

3,910

4,697

0

-

0

0

-

-

-

-

-

97

108

120

294

5,222

5,224

0

0

0

Net income

15,450

15,678

13,865

13,928

123,786

123,088

134,778

178,010

60,137

60,551

50,022

6,795

5,856

6,233

12,024

12,138

13,410

12,951

8,272

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss attributable to noncontrolling interest

-447

-499

-565

-725

-1,024

-1,384

-2,191

17,874

18,270

18,801

19,793

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to the Company

15,897

16,177

14,430

14,653

124,810

124,472

136,969

160,136

41,867

41,750

30,229

6,795

0

0

0

-

-

-

-

-

-

-

-

-

-

0

-

9,753

9,435

8,807

7,808

8,205

7,900

7,940

12,211

13,056

0

0

0

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

0

-

-

-

0

-

0

0

0

-

0

0

0

-

0

0

-

-

Basic earnings per common share
Income from continuing operations

0.15

0.24

0.19

0.30

0.16

0.06

0.20

-0.09

-0.07

-

4.36

0.01

-

0.17

-

-

-

-

0.20

0.21

0.09

0.12

-

0.18

0.10

-

-

-

-

-

0.12

0.29

0.18

0.23

0.18

0.25

0.16

0.16

0.27

Discontinued operations

0.00

0.00

0.00

0.68

0.01

-0.01

-0.01

12.01

0.17

-

0.16

0.16

-

0.00

-

-

-

-

0.01

0.00

0.05

0.17

-

0.18

0.08

-

-

-

-

-

0.01

0.00

0.00

0.00

0.01

0.01

0.02

0.53

0.01

Net income attributable to the Company

0.17

0.26

0.20

0.99

0.19

0.06

0.22

11.96

0.16

1.33

2.54

0.17

0.15

0.17

0.20

0.08

0.18

0.76

0.21

0.21

0.14

0.29

0.26

0.36

0.18

0.24

0.74

0.31

0.24

0.33

0.13

0.29

0.18

0.23

0.19

0.26

0.18

0.69

0.28

Diluted earnings per common share
Income from continuing operations

0.15

0.24

0.19

0.30

0.16

0.05

0.20

-0.09

-0.07

-

4.33

0.01

-

0.17

-

-

-

-

0.20

0.21

0.09

0.12

-

0.18

0.10

-

-

-

-

-

0.13

0.28

0.17

0.23

0.17

0.25

0.16

0.16

0.27

Discontinued operations

0.00

0.00

0.00

0.68

0.01

0.01

-0.01

11.92

0.17

-

0.16

0.16

-

0.00

-

-

-

-

0.00

0.00

0.05

0.17

-

0.18

0.08

-

-

-

-

-

0.01

0.00

0.00

0.00

0.01

0.00

0.02

0.52

0.01

Net income attributable to the Company

0.16

0.25

0.20

0.99

0.19

0.08

0.22

11.87

0.15

1.33

2.52

0.17

0.14

0.17

0.20

0.08

0.18

0.76

0.20

0.21

0.14

0.29

0.25

0.36

0.18

0.24

0.72

0.31

0.24

0.33

0.14

0.28

0.17

0.23

0.18

0.25

0.18

0.68

0.28

Number of shares (in thousands) used in computing:
-basic earnings per common share

9

9

9

9

9

10

10

10

10

10

10

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

-diluted earnings per common share

9

9

9

9

9

10

10

10

10

10

10

10

10

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9