Tejon ranch co (TRC)
Balance Sheet / 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'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

25,048

27,106

9,113

3,505

7,904

15,908

10,174

10,611

19,479

20,107

2,658

522

3,496

1,258

3,425

862

1,307

1,930

3,512

111

1,672

5,638

2,036

1,898

4,176

9,031

9,082

10,478

4,283

7,219

7,208

5,749

1,945

18,372

16,143

19,747

22,027

Marketable securities - available-for-sale

34,228

39,084

47,423

56,501

60,270

63,749

69,381

-

-

70,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities - available-for-sale

-

-

-

-

-

-

-

69,952

71,109

-

21,494

22,707

24,212

26,675

27,617

32,661

32,719

32,815

33,706

39,289

43,940

42,140

48,830

52,844

52,919

55,436

64,487

64,916

65,905

65,049

67,836

69,035

73,563

68,566

67,527

64,292

48,985

Accounts receivable

4,085

9,950

4,091

2,590

9,655

10,876

10,897

2,715

4,175

7,608

7,330

3,761

4,527

8,740

8,612

3,066

3,570

6,511

7,131

3,825

6,072

8,506

9,063

4,958

5,567

7,108

10,341

4,297

5,486

8,768

11,223

3,220

7,112

7,832

8,971

4,439

9,812

Inventories

5,227

2,792

5,790

8,140

5,179

2,618

5,598

7,335

4,750

2,469

5,399

9,320

6,378

3,084

6,217

9,466

6,601

3,517

6,288

9,986

6,331

4,098

6,735

8,570

6,314

3,510

6,555

9,586

5,685

3,839

6,178

8,012

5,339

3,587

5,267

6,706

2,982

Prepaid expenses and other current assets

3,685

3,252

3,558

3,757

3,654

3,348

3,915

3,023

2,475

2,849

2,576

3,410

3,955

3,107

5,261

6,261

5,365

4,120

5,818

6,278

6,728

4,456

6,625

7,675

8,011

7,707

3,798

4,084

4,661

4,881

4,187

4,678

4,836

4,317

3,361

3,394

5,011

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,755

952

1,623

-

690

637

638

452

-

-

-

997

-

-

-

1,099

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,180

1,178

1,014

-

906

989

989

-

-

-

-

Total current assets

72,273

82,184

69,975

74,493

86,662

96,499

99,965

93,636

101,988

103,901

39,457

39,720

42,568

42,864

51,132

52,316

49,562

48,893

58,210

60,441

66,366

64,838

73,979

76,582

77,625

83,244

95,443

94,539

87,034

90,753

97,538

91,683

93,784

103,773

101,269

98,578

88,817

Real estate and improvements - held for lease, net

18,578

18,674

18,771

18,864

18,859

18,953

18,841

18,931

19,022

19,115

18,408

18,497

18,582

20,026

23,420

23,234

23,326

21,942

21,784

20,130

20,185

20,226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory, Real Estate, Land and Land Development Costs

301,072

297,581

297,879

291,429

287,444

283,385

280,355

275,088

270,064

267,336

262,496

257,911

252,250

248,265

245,728

239,932

234,235

235,466

227,125

224,733

220,812

219,654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

45,150

45,072

46,424

46,995

46,915

46,086

45,712

45,738

45,383

45,332

45,455

45,960

45,989

46,034

45,896

45,819

45,008

44,469

46,607

44,764

43,453

43,094

274,791

154,373

149,918

146,542

143,284

140,013

151,781

146,590

140,086

135,965

132,108

128,430

125,211

121,677

117,275

Investments in unconsolidated joint ventures

39,554

38,240

42,177

37,151

29,503

28,602

27,660

30,742

30,098

30,031

28,911

34,505

33,692

33,803

32,255

33,432

32,155

30,680

36,418

34,362

32,666

32,604

30,580

73,722

69,467

62,604

62,000

59,235

55,331

54,022

52,885

55,112

57,392

53,893

51,321

49,750

48,302

Net investment in water assets

56,799

54,155

54,363

54,710

54,993

51,832

48,717

49,034

49,478

47,130

47,318

47,556

47,702

43,764

42,751

43,089

44,462

43,806

44,144

44,482

44,751

45,349

45,687

46,025

46,041

46,754

30,349

28,648

28,509

28,565

28,714

28,797

28,613

28,336

28,695

28,494

28,774

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,659

-

-

-

-

-

-

-

-

5,166

5,376

5,376

-

6,839

6,847

6,845

-

4,307

4,149

3,985

Deferred tax assets

1,251

713

1,952

1,714

1,341

1,229

1,145

1,250

1,346

1,562

1,464

1,503

2,118

2,282

4,794

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,732

5,390

-

2,419

3,487

3,487

4,576

1,592

1,591

1,592

1,592

-

-

-

5,376

-

-

-

6,845

-

-

-

Other assets

2,778

2,803

2,219

3,594

2,249

2,462

3,616

4,341

3,230

3,792

4,030

4,326

4,015

2,663

2,863

2,444

2,090

2,004

2,119

1,758

1,769

1,582

1,771

1,721

1,728

2,143

2,151

2,062

2,541

2,550

1,684

1,696

692

699

893

1,085

938

TOTAL ASSETS

537,455

539,422

533,760

528,950

527,966

529,048

526,011

518,760

520,609

518,199

447,539

449,978

446,916

439,701

448,839

445,998

436,228

431,919

438,826

434,157

433,489

431,923

428,400

354,014

346,371

342,879

338,393

329,873

330,572

327,856

327,746

320,100

319,434

321,976

311,696

303,733

288,091

LIABILITIES AND EQUITY
Current Liabilities:
Trade accounts payable

4,875

6,145

3,744

5,660

6,610

6,037

2,976

3,293

4,274

3,545

3,361

3,427

2,811

2,415

3,522

4,135

3,126

3,252

2,774

5,582

5,127

3,347

2,198

2,699

5,544

5,028

1,855

3,316

3,745

3,845

4,273

3,495

2,570

3,496

3,030

2,463

2,187

Other Accrued Liabilities, Current

3,448

3,463

4,498

2,719

3,218

3,575

4,419

2,832

3,261

1,810

4,046

3,219

3,445

3,188

4,166

2,853

3,166

3,492

4,973

3,402

3,312

2,774

4,279

2,545

3,138

2,647

4,252

3,282

3,769

2,132

2,336

1,595

2,441

2,025

1,847

554

1,334

Deferred income

2,085

1,346

1,922

1,616

1,997

2,863

1,855

-

-

1,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

499

1,237

0

501

465

1,703

-

-

-

0

835

101

-

0

1,180

-

-

2,484

2,072

2,181

-

Deferred income

-

-

-

-

-

-

-

1,292

1,617

-

1,668

1,889

2,071

1,529

2,418

1,698

2,131

1,525

1,639

1,210

1,821

1,164

994

792

1,816

865

1,147

754

1,353

1,195

1,644

1,451

2,250

2,125

2,144

2,468

601

Revolving line of credit

-

-

5,000

-

-

-

-

-

0

-

17,000

20,000

16,000

7,700

11,000

11,000

2,000

0

8,940

3,960

3,660

6,850

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

-

-

4,018

-

-

-

4,004

-

-

-

3,853

-

-

-

815

-

-

-

244

-

-

236

234

231

42

42

41

39

39

38

37

36

36

35

Current maturities of long-term debt

4,258

4,182

4,137

4,093

4,048

-

4,081

4,103

3,990

-

4,016

3,969

3,868

-

3,346

2,503

1,659

-

252

249

247

-

20,441

10,439

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

14,666

15,136

19,301

14,088

15,873

16,493

13,331

11,520

13,142

10,477

30,091

32,504

28,195

18,685

24,452

22,189

12,581

10,321

18,578

14,904

14,632

16,082

27,912

16,475

10,734

8,774

8,320

7,495

8,909

7,213

9,472

6,580

7,299

10,167

9,129

7,702

4,157

Long-term debt, less current portion

55,686

57,476

58,625

59,658

60,749

61,780

62,737

63,694

64,849

65,816

66,806

67,849

68,905

69,853

70,514

71,417

72,320

73,223

74,025

74,089

74,153

74,023

64,277

4,338

4,399

4,459

4,519

191

202

212

223

232

243

253

262

271

290

Long-term deferred gains

5,734

5,731

5,185

5,097

3,405

3,405

3,405

-

-

3,405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deferred gains

-

-

-

-

-

-

-

3,405

3,405

-

3,373

3,187

3,662

3,662

3,811

3,811

3,816

3,816

3,816

3,816

3,904

3,683

2,873

2,248

2,248

2,248

2,248

2,248

2,248

2,248

2,248

2,248

2,414

2,664

2,248

2,248

2,277

Other Liabilities, Noncurrent

19,236

15,455

16,223

15,046

13,245

12,698

12,048

10,546

10,006

11,691

11,165

11,424

12,989

13,034

16,431

16,843

15,647

13,251

14,372

12,327

15,595

13,802

6,545

6,511

6,322

7,211

7,382

7,220

6,970

6,508

5,812

5,699

5,588

5,474

3,534

3,421

3,196

Pension liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,021

1,053

1,085

-

2,929

3,092

3,254

3,416

2,606

2,719

2,806

2,979

1,251

1,424

1,519

Total liabilities

95,322

93,798

99,334

93,889

93,272

94,376

91,521

89,165

91,402

91,389

111,435

114,964

113,751

105,234

115,208

114,260

104,364

100,611

110,791

105,136

108,284

107,590

102,628

30,625

24,788

22,692

25,398

20,246

21,583

19,597

20,361

17,478

18,350

21,537

16,424

15,066

-

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Equity:
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,212,484 at March 31, 2020 and 26,096,797 at December 31, 2019

13,106

13,048

13,021

13,017

13,010

12,986

12,980

12,976

12,971

12,947

10,433

10,429

10,423

10,405

10,371

10,363

10,358

10,344

10,335

10,331

10,327

10,318

10,298

10,293

10,291

10,282

10,070

10,068

10,066

10,043

10,037

10,036

10,007

9,988

9,987

9,933

9,874

Additional paid-in capital

338,710

338,745

338,091

337,870

336,813

336,520

322,319

321,307

320,275

320,167

232,166

231,127

230,105

229,762

219,970

218,740

217,508

216,803

216,317

215,254

212,824

212,763

212,716

211,930

210,973

210,848

205,032

197,098

198,220

198,117

196,577

195,903

194,501

194,273

191,979

187,730

183,816

Accumulated other comprehensive loss

-9,601

-6,771

-7,579

-6,682

-5,276

-4,857

-3,698

-4,090

-4,454

-5,264

-5,094

-5,167

-5,989

-6,239

-8,557

-8,895

-8,260

-6,902

-7,935

-6,693

-7,698

-6,899

-3,281

-3,203

-3,202

-3,333

-5,330

-5,389

-5,144

-5,118

-4,458

-4,594

-4,591

-4,756

-2,426

-2,188

-2,191

Retained earnings

84,545

85,227

75,520

75,473

74,766

74,647

74,340

70,852

71,849

70,392

70,049

70,071

70,045

71,947

72,234

71,910

72,598

71,389

69,674

70,462

70,056

68,439

66,523

64,772

63,898

62,785

63,611

68,249

66,165

65,550

65,523

61,502

61,384

61,109

55,871

53,313

45,215

Total Tejon Ranch Co. Stockholders’ Equity

426,760

430,249

419,053

419,678

419,313

419,296

405,941

401,045

400,641

398,242

307,554

306,460

304,584

305,875

294,018

292,118

292,204

291,634

288,391

289,354

285,509

284,621

286,256

283,792

281,960

280,582

273,383

270,026

269,307

268,592

267,679

262,847

261,301

260,614

255,411

248,788

236,714

Non-controlling interest

15,373

15,375

15,373

15,383

15,381

15,376

28,549

28,550

28,566

28,568

28,550

28,554

28,581

28,592

39,613

39,620

39,660

39,674

39,644

39,667

39,696

39,712

39,516

39,597

39,623

39,605

39,612

39,601

39,682

39,667

39,706

39,775

39,783

39,825

39,861

39,879

39,938

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

442,133

445,624

434,426

435,061

434,694

434,672

434,490

429,595

429,207

426,810

336,104

335,014

333,165

334,467

333,631

331,738

331,864

331,308

328,035

329,021

325,205

324,333

325,772

323,389

321,583

320,187

312,995

309,627

308,989

308,259

307,385

302,622

301,084

300,439

295,272

288,667

276,652

TOTAL LIABILITIES AND EQUITY

537,455

539,422

533,760

528,950

527,966

529,048

526,011

518,760

520,609

518,199

447,539

449,978

446,916

439,701

448,839

445,998

436,228

431,919

438,826

434,157

433,489

431,923

428,400

354,014

346,371

342,879

338,393

329,873

330,572

327,856

327,746

320,100

319,434

321,976

311,696

303,733

288,091