Tejon ranch co (TRC)
CashFlow / 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'11
Cash and Cash Equivalents, Period Increase (Decrease) [Abstract]
Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-684

9,709

37

709

124

306

3,487

-1,013

1,455

321

-26

-203

-1,913

-27

317

-728

1,195

1,745

-811

377

1,601

2,112

1,671

848

1,131

-833

2,303

2,003

630

-12

3,952

110

233

5,202

2,540

-656

8,695

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

1,164

1,474

1,426

1,047

1,089

2,140

1,064

1,149

1,071

2,267

1,140

1,132

1,150

1,487

1,360

1,444

1,366

1,418

1,241

1,333

1,098

1,214

1,208

1,303

1,146

1,390

1,069

844

923

1,298

1,103

1,678

875

563

1,205

915

946

Amortization of premium/discount of marketable securities

6

14

29

30

21

-44

-7

-15

-35

-62

-73

-77

-86

-48

-131

-132

-123

-131

-96

-168

-160

-173

-204

-190

-202

-197

-223

-227

-232

-236

-223

-209

-206

-

-

-

-

Income (Loss) from Equity Method Investments

1,355

11,529

2,199

1,971

876

1,423

1,592

652

167

715

1,724

1,560

228

1,448

2,353

1,842

1,455

1,463

2,055

1,656

1,150

2,001

1,707

1,148

438

1,086

1,241

1,270

409

887

1,114

893

-359

333

613

412

-442

Non-cash retirement plan expense

20

77

76

77

77

212

41

41

41

65

38

111

255

321

242

241

242

236

254

673

-166

-910

223

221

630

378

162

163

162

734

113

87

113

458

-60

65

65

Non-cash write-off of leasing assets

110

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of property plant and equipment

-10

0

0

0

0

0

-46

-12

-36

48

-93

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate/assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash profits recognized from land contribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

-20

0

15,750

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

0

-3

3

-

-

-

0

-

-

-

-

-

-

-

-

Gains on sales of real estate/assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-73

542

137

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-196

34

Stock compensation expense

1,225

1,268

338

779

813

647

825

828

948

981

877

883

811

1,288

1,166

1,158

973

843

1,014

947

953

1,049

923

944

618

528

969

-1,197

629

1,256

526

2,606

1,052

1,494

1,371

1,307

1,168

Excess tax benefit from stock-based compensation

523

-

-

-

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash straight line (income) loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

4

-22

-

0

-1

-142

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

Distribution of earnings from unconsolidated joint ventures

121

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Receivables, inventories, prepaids and other assets, net

-3,048

3,502

-2,246

-2,795

1,385

-3,896

6,371

2,414

-2,001

-1,859

-1,732

1,894

1,175

-3,911

1,683

2,504

2,435

-6,305

742

947

1,883

-3,686

1,916

1,757

-2,278

-5,972

2,903

1,845

-2,488

-3,697

6,197

-1,588

849

-2,033

3,225

33

-3,795

Current liabilities, net

-139

237

-62

-1,812

-1,078

-471

1,963

-373

1,527

-2,688

143

333

302

-1,569

675

-581

-1,026

216

-77

-1,007

1,131

3,026

2,023

-3,253

-787

-1,821

1,651

140

-1,088

-5,464

3,814

-1

-4,901

-1,587

935

-1,387

4,554

Net cash provided by (used in) operating activities

4,037

15,490

1,833

-67

-1,211

5,525

4,271

-2,411

6,969

1,928

9,544

-1,072

-570

4,172

5,110

-2,666

-1,031

15,427

-92

-111

1,744

8,461

2,629

-2,655

4,783

4,511

2,393

-935

3,567

2,606

6,693

7,842

-3,049

3,741

2,191

-260

3,812

Investing Activities
Maturities and sales of marketable securities

8,956

16,144

10,481

12,226

14,567

10,661

6,103

7,513

10,942

2,852

1,159

1,444

2,671

2,740

5,719

1,908

1,383

881

8,611

9,075

5,590

8,813

3,679

3,647

4,705

9,415

6,298

6,877

7,189

5,543

4,443

6,971

2,852

9,375

5,893

2,680

1,195

Funds invested in marketable securities

4,025

7,794

1,315

8,245

10,865

4,941

5,492

6,439

11,520

52,461

0

0

255

1,969

863

1,929

1,222

230

3,144

4,713

7,487

2,383

0

3,763

2,379

555

5,993

6,524

8,320

3,153

3,275

2,722

7,834

10,709

9,577

9,700

9,462

Real estate and equipment expenditures

4,948

6,027

6,614

7,469

5,112

6,397

5,797

6,607

3,779

6,130

4,636

6,696

4,247

6,620

6,494

7,599

5,667

9,080

6,855

5,996

6,117

7,822

5,474

6,060

5,419

5,769

5,136

6,935

3,718

4,892

6,367

5,756

3,654

4,140

3,749

3,158

2,602

Reimbursement proceeds from Communities Facilities District

-

-

-

-

-

-2,203

0

0

-1,385

0

0

0

0

-1,505

0

-488

-4,162

0

0

0

-4,971

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate/assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-145

145

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of easements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,750

Investment in unconsolidated joint ventures

250

0

3,000

0

100

52

0

0

0

58

0

232

20

100

1,845

35

20

-1

53

0

0

24

100

3,107

6,425

516

1,524

475

900

750

825

775

3,804

2,175

893

662

727

Distribution of equity from unconsolidated joint ventures

100

2,970

211

235

41

980

1,462

192

181

96

170

761

2,087

0

1,000

600

0

0

0

0

1,100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investments in long-term water assets

2,635

133

-7

58

3,502

1,185

0

0

2,659

150

99

192

4,276

0

0

0

0

-

-

-

-

-

-

-

-

7,320

1,878

316

121

797

0

0

0

-

-

-

-

Investment in pistachio processor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

485

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

376

0

-453

511

73

137

-10

-786

-860

1,708

-72

-37

392

38

102

Net cash used in investing activities

-2,802

9,340

-230

-3,311

-4,971

1,269

-3,723

-5,342

-5,450

-55,853

-3,406

-4,915

-4,040

172

-2,483

-6,712

-1,219

-7,623

-1,423

-1,672

-1,943

-61,491

-12,271

-9,765

-9,065

-586

-8,306

7,141

-5,860

-2,763

-5,260

-2,882

-12,368

-2,139

-8,718

-10,878

3,567

Financing Activities
Borrowings of line of credit

-

-

-

-

-

-

-

-

-

0

1,000

4,000

8,300

1,200

8,500

9,000

2,000

0

6,980

6,450

4,110

2,850

13,500

10,200

4,500

0

0

0

0

-

-

-

-

-

-

-

-

Repayments of line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

4,500

8,500

0

0

8,940

2,000

6,150

7,300

16,200

3,500

0

4,500

0

-20

11

9

-

-

-

-

-

-

-

-

Repayments of long-term debt

1,725

1,010

995

992

1,007

1,028

985

1,048

985

1,007

1,002

961

938

625

64

63

63

54

64

64

62

62

66

58

58

57

253

0

0

11

9

10

9

7

9

10

9

Rights offering costs

-

-

-

-

-

-

0

0

166

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

211

212

35

0

123

634

2,932

1,136

1,174

Taxes on vested stock grants

-1,568

-827

0

-29

-815

-32

0

-67

-996

-486

0

-26

-514

-2,586

0

-4

-310

-392

0

-14

-515

44

-154

0

-515

-3,919

0

0

-845

-33

0

-1,146

-1,124

0

0

0

-812

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in financing activities

-3,293

-6,837

4,005

-1,021

-1,822

-1,060

-985

-1,115

-2,147

71,374

-4,002

3,013

6,848

-6,511

-64

8,933

1,627

-9,386

4,916

222

-3,767

56,632

9,780

10,142

-573

-3,976

4,517

-11

-643

168

26

-1,156

-1,010

627

2,923

1,126

353

Decrease in cash and cash equivalents

-2,058

17,993

5,608

-4,399

-8,004

5,734

-437

-8,868

-628

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

2,136

-2,974

2,238

-2,167

2,563

-445

-623

-1,582

3,401

-1,561

-3,966

3,602

138

-2,278

-4,855

-51

-1,396

6,195

-2,936

11

1,459

3,804

-16,427

2,229

-3,604

-10,012

7,732

Supplemental cash flow information
Accrued capital expenditures included in current liabilities

-759

594

188

-289

292

2,043

192

-518

673

22

1,255

-1,207

744

-

669

265

319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued long-term water assets included in current liabilities

254

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non cash capital contribution to unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

0

0

1,339

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued capital and water expenditures included in current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-752

2,135

787

-874

-893

2,076

1,985

-1,049

-1,048

2,170

2,262

-397

-149

577

590

95

-308

213

Taxes paid (net of refunds)

-

-

-

-

-

-

-

-

-

-

-

-

-

-215

0

0

1,350

-336

36

17

2,100

-2,384

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-