St joe co (JOE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net (loss) income

26,661

31,602

59,236

15,464

-1,971

406,282

4,966

5,990

-330,308

-35,905

-130,848

-37,173

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization

10,287

8,998

8,885

8,571

9,486

8,422

9,131

10,110

15,840

13,657

16,112

17,362

Stock based compensation

77

263

76

131

150

210

247

898

8,452

5,159

8,712

12,343

Loss on sale of investments

87

-973

10,750

795

5,311

-833

93

0

0

-

-

-

Unrealized loss (gain) on investments, net

-5,342

-3,035

-

-

-

-

-

-

-

-

-

-

Pension charges

-

-

-

-

-

8,749

1,500

2,063

5,871

-4,138

46,042

4,177

Other-than-temporary impairment loss

-

2,300

2,288

-

0

1,295

0

0

-

-

-

-

Equity in loss from unconsolidated affiliates

-77

-

-

-

-

-32

112

-46

-93

-4,308

-122

-330

Deferred income tax (benefit) expense

-8,378

4,804

17,375

-29,627

-2,323

-46,127

909

242

53,497

-23,990

-20,672

3,665

Impairment loss on investment in real estate

-

99

714

357

0

0

5,100

2,551

377,325

4,799

-

60,545

Gain on sale of vacation rental management

-

-

9,800

-

0

-

-

-

-

-

-

-

Expenditures for and acquisition of real estate to be sold

40,081

19,819

8,475

8,335

8,378

7,368

19,165

22,920

28,296

-

-

-

(Gain) loss attributed to casualty loss of real estate

-

-

-

-

-

-

-

-

-998

-

-

-

Cost of real estate sold

22,814

12,235

13,727

6,489

14,584

76,060

22,022

27,248

10,444

6,321

-58,695

-47,025

Notes financed by the Company for operating properties sold

-

-

-

-

-

19,600

5,248

0

681

-

-

-

Timber Note

-

-

-

-

-

200,000

0

0

-

-

-

-

Deferred revenue

-

-

-

-

-

13,562

0

0

-

-

-

-

Accretion income and other

1,221

1,919

3,159

2,792

1,780

2,129

966

564

-424

402

-

-

Proceeds from insurance claim - business interruption

1,307

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-30,554

(Gain) loss on disposal of property and equipment

67

-5,223

-887

-9

-77

202

528

-758

-294

-

-

-

Gain on land contribution to equity method investment

2,317

-

-

-

-

-

-

-

-

-

-

-

Gain on insurance for damage to property and equipment, net

5,347

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

0

-

-

-

Pension Plan assets reverted to the Company

-

-

-

-

-

23,820

0

0

-

-

-

-

Impairment losses

-

-

-

-

-

-

-

-

-

-

113,039

-

Changes in operating assets and liabilities:
Notes receivable

-

-

-

-

-21,780

-3,242

-1,562

-594

-1,546

-7,513

-6,625

-5,280

Claim settlement receivable

-

-

-

7,804

0

0

-

-

-

-

-

-

Other assets

229

17

5,582

3,094

3,650

5,010

1,596

-1,083

-5,471

3,173

-8,399

-6,392

Other liabilities

3,728

-1,236

4,734

-2,384

-3,395

4,946

-96

-5,535

-20,165

-15,968

-9,566

-29,296

Income taxes receivable

-1,071

-4,457

-18,300

24,782

-1,497

-1,112

538

-167

-2,802

64,637

-30,084

40,366

Net cash provided by (used in) operating activities

30,393

41,420

53,706

10,662

22,418

331,035

16,333

23,041

-9,839

16,312

50,735

48,459

Cash flows from investing activities:
Expenditures for operating property

64,851

22,762

28,400

3,226

6,619

22,592

19,301

0

0

14,782

15,841

32,379

Expenditures for property and equipment

9,354

2,615

3,005

1,297

2,468

2,483

3,594

475

2,426

1,282

2,538

2,278

Maturities and redemptions of investments, held to maturity

-

-

-

-

-

-

-

-

-

-

-

619

Proceeds from the disposition of assets

72

5,000

2,518

3

0

0

-

-

328

120

2,221

-

Proceeds from insurance claims

12,071

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments - debt securities

-

6,917

94,791

322,004

-

-

-

-

-

-

-

-

Purchases of investments - equity securities

5,797

15,105

21,153

35,783

-

-

-

-

-

-

-

-

Purchases of restricted investments

74

78

75

-

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

341,994

723,099

256,730

0

0

-

-

-

Maturities of investments

7,000

10,000

13,988

185,000

410,000

150,319

100,000

0

0

-

-

-

Sales of unconsolidated affiliates

-

-

-

-

-

3,000

0

0

-

-

-

-

Sales of investments - debt securities

2,830

63,597

151,752

197,548

385,695

83,239

7,725

0

0

-

-

-

Sales of investments - equity securities

26,859

11,051

21,522

-

-

-

-

-

-

-

-

-

Sales of restricted investments

1,159

1,109

1,233

-

-

-

-

-

-

-

-

-

Maturities of assets held by special purpose entities

787

785

787

787

787

-6,921

0

0

-

-

-

-

Other

-

-

-

-

-

148

-514

-656

-

-

-

-

Cash receipts from retained interest investments

-

-

-

-

-

-

-

-

0

-

-

-

Distributions from unconsolidated affiliates

-

-

-

-

-

-

-

-

-

650

535

-

Contributions to unconsolidated affiliates

-

-

-

-

-

-

-

-

-40

-

-

-

Investments in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-240

Net cash used in investing activities

-29,298

44,065

44,376

21,028

445,401

-518,685

-171,386

181

-2,138

-512

218

-1,419

Cash flows from financing activities:
Capital contribution from non-controlling interest

2,546

887

193

10,353

0

0

-

0

0

-

-

-

Capital distribution to non-controlling interest

600

400

2,330

600

68

0

-

-

-

-

-

-

Capital contribution to unconsolidated affiliate

1,116

1,105

-

-

-

-

-

-

-

-

-

-

Additional ownership interest in Windmark

11,619

-

-

-

-

-

-

-

-

-

-

-

(Distribution) contribution to Pier Park North joint venture from non-controlling interest

-

-

-

-

-

-

4,886

-

-

-

-

-

Repurchase of common shares

20,800

93,369

147,422

14,820

305,004

0

0

-

-

-

-

-

Borrowings on debt

23,935

16,644

1,624

-

48,200

25,173

6,445

0

0

-

-

-

Net borrowings from revolving credit agreements

-

-

-

-

-

-

-

-

-

-

-

35,000

Repayment of borrowings under revolving credit agreements

-

-

-

-

-

-

-

-

-

-

-

167,000

Repayments of other long-term debt

-

-

-

-

-

-

-

-

-

-

-

370,000

Distributions to non-controlling interest partner

-

-

-

-

-

-

-

-

141

19

-

-

Make whole payment in connection with prepayment of senior notes

-

-

-

-

-

-

-

-

-

-

-

29,690

Distributions to minority interest partner

-

-

-

-

-

-

-

-

-

-

1,578

2,697

Distributions to unconsolidated affiliates for repayment of debt

-

-

-

-

-

-

-

-

4,434

-

-

-

Principal payments for debt

1,607

1,362

1,290

497

31,942

627

321

19,958

227

-

-

-

Principal payments under finance lease obligation

36

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of Senior Notes by special purpose entity

-

-

-

-

-

177,269

0

0

-

-

-

-

Debt issuance costs

1,149

1,158

20

-

747

1,544

0

0

-

-

-

-

Other

-

-

-

-

-

-

-43

325

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

100

5,083

718

1,653

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

579,802

Reduction in excise tax benefits related to stock based compensation

-

-

-

-

-

-

-

-

55

463

-801

-56

Taxes paid on behalf of employees related to stock based compensation

-

-

-

-

-

-

-

-

4,812

1,307

-957

-2,845

Net cash used in financing activities

-10,491

-79,863

-149,245

-5,564

-289,561

200,271

10,967

-19,633

-9,459

4,220

-2,618

44,167

Net decrease in cash, cash equivalents and restricted cash

-9,396

5,622

-51,163

26,126

178,258

12,621

-144,086

3,589

-21,436

20,020

48,335

91,207

Supplemental disclosures of cash flow information:
Interest

-

-

-

-

10,569

1,733

2,413

3,072

8,329

4,505

284

11,969

Income taxes

-

-

-

-

0

70,491

-22

319

1,988

-65,061

-34,160

8,833

Capitalized interest

-

-

-

-

-

-

-

-

243

245

44

1,582

Non-cash financing and investing activities:
Increase in notes receivable - PCR Note

-

-

-

-

0

-

-

-

-

-

-

-

Increase in Community Development District debt

-

-

-

-

-768

-4,369

2,589

-956

1,016

539

-1,023

6,251

Decrease in pledged treasury securities related to defeased debt

-

-

-

-

-25,670

-590

-558

3,519

-1,982

-1,824

-1,805

-1,761

Increase in expenditures for operating properties and property and equipment financed through accounts payable

-

-

-

-

1,138

4,866

4,497

1,917

1,936

731

-

-

Exchange of Timber Note for investments held by special purpose entity

-

-

-

-

-

200,000

0

0

-

-

-

-

Capital contributions to special purpose entity from non-controlling interest

-

-

-

-

-

3,492

0

0

-

-

-

-

Pension Plan assets transferred to the Companys 401(k) Plan and invested in restricted investments

-

-

-

-

-

7,940

0

0

-

-

-

-

Settlement of note receivable

-

-

-

-

-

-

312

0

0

-

-

-

Non-monetary receipt of real estate from an unconsolidated affiliate

-

-

-

-

-

-

398

0

0

-

-

-

Issuance of restricted stock, net of forfeitures

-

-

-

-

-

-

-

-

-

-

-713

12,255

Forgiveness of debt in connection with sale of marina/condominium project

-

-

-

-

-

-

-

-

-

-

-5,478

-

Decrease in notes receivable related to take back of real estate inventory

-

-

-

-

-

-

-

-

-

-

-399

-

Notes receivable written-off in connection with sales transactions

-

-

-

-

-

-

-

-

-

-

-13,347

-

Decrease in note payable satisfied by deed of land and land improvements

-

-

-

-

-

-

-

-

-

-

-3,450

-