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

9,771

10,579

1,176

4,626

2,904

4,235

4,250

737

1,547

-1,821

-2,169

-1,826

-2,351

757

2,529

1,401

2,506

2,912

3,279

5,761

6,232

5,762

2,817

3,449

4,604

4,103

4,924

6,573

4,680

4,283

9,497

8,085

7,319

15,781

0

0

0

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

5,111

5,036

5,702

5,340

5,442

5,424

5,551

5,627

5,610

5,689

4,909

5,129

5,441

5,657

5,588

5,469

5,358

5,090

4,886

4,853

4,823

4,871

5,047

4,908

4,449

4,226

4,134

4,168

5,002

4,954

4,219

4,321

3,558

3,629

0

0

0

Amortization of premium/discount of marketable securities

79

94

36

0

-45

-101

-119

-185

-247

-298

-284

-342

-397

-434

-517

-482

-518

-555

-597

-705

-727

-769

-793

-812

-849

-879

-918

-918

-900

-874

0

0

0

-

-

-

-

Income (Loss) from Equity Method Investments

17,054

16,575

6,469

5,862

4,543

3,834

3,126

3,258

4,166

4,227

4,960

5,589

5,871

7,098

7,113

6,815

6,629

6,324

6,862

6,514

6,006

5,294

4,379

3,913

4,035

4,006

3,807

3,680

3,303

2,535

1,981

1,480

999

916

0

0

0

Non-cash retirement plan expense

250

307

442

407

371

335

188

185

255

469

725

929

1,059

1,046

961

973

1,405

997

-149

-180

-632

164

1,452

1,391

1,333

865

1,221

1,172

1,096

1,047

771

598

576

528

0

0

0

Non-cash write-off of leasing assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of property plant and equipment

-10

0

0

-46

-58

-94

-46

-93

-81

-45

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate/assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash profits recognized from land contribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,750

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Gains on sales of real estate/assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Stock compensation expense

3,610

3,198

2,577

3,064

3,113

3,248

3,582

3,634

3,689

3,552

3,859

4,148

4,423

4,585

4,140

3,988

3,777

3,757

3,963

3,872

3,869

3,534

3,013

3,059

918

929

1,657

1,214

5,017

5,440

5,678

6,523

5,224

5,340

0

0

0

Excess tax benefit from stock-based compensation

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash straight line (income) loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

0

13

-

-143

-143

-142

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Distribution of earnings from unconsolidated joint ventures

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-4,587

-154

-7,552

1,065

6,274

2,888

4,925

-3,178

-3,698

-522

-2,574

841

1,451

2,711

317

-624

-2,181

-2,733

-114

1,060

1,870

-2,291

-4,577

-3,590

-3,502

-3,712

-1,437

1,857

-1,576

1,761

3,425

453

2,074

-2,570

0

0

0

Current liabilities, net

-1,776

-2,715

-3,423

-1,398

41

2,646

429

-1,391

-685

-1,910

-791

-259

-1,173

-2,501

-716

-1,468

-1,894

263

3,073

5,173

2,927

1,009

-3,838

-4,210

-817

-1,118

-4,761

-2,598

-2,739

-6,552

-2,675

-5,554

-6,940

2,515

0

0

0

Net cash provided by (used in) operating activities

21,293

16,045

6,080

8,518

6,174

14,354

10,757

16,030

17,369

9,830

12,074

7,640

6,046

5,585

16,840

11,638

14,193

16,968

10,002

12,723

10,179

13,218

9,268

9,032

10,752

9,536

7,631

11,931

20,708

14,092

15,227

10,725

2,623

9,484

0

0

0

Investing Activities
Maturities and sales of marketable securities

47,807

53,418

47,935

43,557

38,844

35,219

27,410

22,466

16,397

8,126

8,014

12,574

13,038

11,750

9,891

12,783

19,950

24,157

32,089

27,157

21,729

20,844

21,446

24,065

27,295

29,779

25,907

24,052

24,146

19,809

23,641

25,091

20,800

19,143

0

0

0

Funds invested in marketable securities

21,379

28,219

25,366

29,543

27,737

28,392

75,912

70,420

63,981

52,716

2,224

3,087

5,016

5,983

4,244

6,525

9,309

15,574

17,727

14,583

13,633

8,525

6,697

12,690

15,451

21,392

23,990

21,272

17,470

16,984

24,540

30,842

37,820

39,448

0

0

0

Real estate and equipment expenditures

25,058

25,222

25,592

24,775

23,913

22,580

22,313

21,152

21,241

21,709

22,199

24,057

24,960

26,380

28,840

29,201

27,598

28,048

26,790

25,409

25,473

24,775

22,722

22,384

23,259

21,558

20,681

21,912

20,733

20,669

19,917

17,299

14,701

13,649

0

0

0

Reimbursement proceeds from Communities Facilities District

-

-

-

-

-

-3,588

-1,385

-1,385

-1,385

0

-1,505

-1,505

-1,993

-6,155

-4,650

-4,650

-4,162

-4,971

-4,971

-4,971

-4,971

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate/assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of easements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,750

0

0

0

Investment in unconsolidated joint ventures

3,250

3,100

3,152

152

152

52

58

58

290

310

352

2,197

2,000

2,000

1,899

107

72

52

77

124

3,231

9,656

10,148

11,572

8,940

3,415

3,649

2,950

3,250

6,154

7,579

7,647

7,534

4,457

0

0

0

Distribution of equity from unconsolidated joint ventures

3,516

3,457

1,467

2,718

2,675

2,815

1,931

639

1,208

3,114

3,018

3,848

3,687

1,600

1,600

600

0

1,100

1,100

1,100

1,100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investments in long-term water assets

2,819

3,686

4,738

4,745

4,687

3,844

2,809

2,908

3,100

4,717

4,567

4,468

4,276

0

0

0

0

-

-

-

-

-

-

-

-

9,635

3,112

1,234

918

797

0

0

0

-

-

-

-

Investment in pistachio processor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

434

131

268

711

-586

-1,519

52

-10

739

1,991

321

495

0

0

0

Net cash used in investing activities

2,997

828

-7,243

-10,736

-12,767

-13,246

-70,368

-70,051

-69,624

-68,214

-12,189

-11,266

-13,063

-10,242

-18,037

-16,977

-11,937

-12,661

-66,529

-77,377

-85,470

-92,592

-31,687

-27,722

-10,816

-7,611

-9,788

-6,742

-16,765

-23,273

-22,649

-26,107

-34,103

-18,168

0

0

0

Financing Activities
Borrowings of line of credit

-

-

-

-

-

-

-

-

-

13,300

14,500

22,000

27,000

20,700

19,500

17,980

15,430

17,540

20,390

26,910

30,660

31,050

28,200

14,700

4,500

0

0

0

0

-

-

-

-

-

-

-

-

Repayments of line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

13,000

17,440

10,940

17,090

24,390

31,650

33,150

27,000

24,200

8,000

4,480

4,491

0

0

0

0

-

-

-

-

-

-

-

-

Repayments of long-term debt

4,722

4,004

4,022

4,012

4,068

4,046

4,025

4,042

3,955

3,908

3,526

2,588

1,690

815

244

244

245

244

252

254

248

244

239

426

368

310

264

20

30

39

35

35

35

35

0

0

0

Rights offering costs

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

211

423

458

458

370

792

3,689

4,825

5,876

0

0

0

Taxes on vested stock grants

-2,424

-1,671

-876

-876

-914

-1,095

-1,549

-1,549

-1,508

-1,026

-3,126

-3,126

-3,104

-2,900

-706

-706

-716

-921

-485

-639

-625

-625

-4,588

-4,434

-4,434

-4,764

-878

-878

-2,024

-2,303

-2,270

-2,270

-1,124

-812

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in financing activities

-7,146

-5,675

102

-4,888

-4,982

-5,307

67,127

64,110

68,238

77,233

-652

3,286

9,206

3,985

1,110

6,090

-2,621

-8,015

58,003

62,867

72,787

75,981

15,373

10,110

-43

-113

4,031

-460

-1,605

-1,972

-1,513

1,384

3,666

5,029

0

0

0

Decrease in cash and cash equivalents

17,144

11,198

-1,061

-7,106

-11,575

-4,199

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-767

-340

2,189

-672

-87

751

-365

-3,708

1,476

-1,787

-2,504

-3,393

-7,046

-8,580

-107

1,812

1,874

4,729

2,338

-11,153

-8,935

-13,998

-27,814

-3,655

0

0

0

Supplemental cash flow information
Accrued capital expenditures included in current liabilities

-266

785

2,234

2,238

2,009

2,390

369

1,432

743

814

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued long-term water assets included in current liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non cash capital contribution to unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

1,339

1,339

1,339

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued capital and water expenditures included in current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,296

1,155

1,096

2,294

2,119

1,964

2,058

2,335

2,987

3,886

2,293

621

1,113

954

590

0

0

0

Taxes paid (net of refunds)

-

-

-

-

-

-

-

-

-

-

-

-

-

1,135

1,014

1,050

1,067

1,817

-231

-267

-284

-2,384

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-