Four Corners Property Trust, Inc. (FCPT) Financial Statements (2024 and earlier)

Company Profile

Business Address 591 REDWOOD HIGHWAY
MILL VALLEY, CA 94941
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,2966,30011,0645,08392,04164,466
Cash and cash equivalents26,2966,30011,0645,08392,04164,466
Inventory, net of allowances, customer advances and progress billings274252183196183186
Inventory274252183196183186
Total current assets:26,5706,55211,2475,27992,22464,652
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   25,60716,063
Operating lease, right-of-use asset4,4284,9195,3973,810
Property, plant and equipment1,115,827966,565827,502690,575569,057449,331
Intangible assets, net (including goodwill)106,206104,25196,29157,91718,9983,874
Intangible assets, net (excluding goodwill)106,206104,25196,29157,91718,9983,874
Regulated entity, other noncurrent assets      9,500
Deferred income tax assets988864  
Total noncurrent assets:1,227,4491,076,599954,797768,365588,055462,705
Other undisclosed assets944,568819,829702,135672,426662,819541,302
TOTAL ASSETS:2,198,5871,902,9801,668,1791,446,0701,343,0981,068,659
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     1,5861,290
Interest and dividends payable   1,5861,290
Total current liabilities:     1,5861,290
Noncurrent Liabilities
Other undisclosed liabilities1,060,277939,088823,678719,329642,548545,101
Total liabilities:1,060,277939,088823,678719,329644,134546,391
Equity
Equity, attributable to parent, including:1,136,042961,666841,432721,043698,964522,268
Common stock      
Additional paid in capital1,104,522958,737840,455686,181639,116473,685
Accumulated other comprehensive income (loss)30,944(9,824)(25,695)(3,539)5,9564,478
Retained earnings (accumulated deficit)57612,75326,67238,40146,01836,318
Other undisclosed equity, attributable to parent     7,8747,787
Equity, attributable to noncontrolling interest2,2592,2183,0615,691  
Other undisclosed equity 9887  
Total equity:1,138,310963,892844,501726,741698,964522,268
TOTAL LIABILITIES AND EQUITY:2,198,5871,902,9801,668,1791,446,0701,343,0981,068,659

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues223,194199,378170,944160,233143,635133,209
Revenue, net133,209
Operating lease, lease income193,611172,812154,721 
Cost of revenue
(Cost of Goods and Services Sold)
     (23,884)(18,652)
Gross profit:223,194199,378170,944160,233119,751114,557
Operating expenses(97,325)(82,079)(64,069)(61,457)(76,496)(72,191)
Operating income:125,869117,299106,87598,77643,25542,366
Nonoperating income
(Other Nonoperating income)
54236    
Interest and debt expense(36,405)(32,555)(29,231)(26,516)(19,959)(19,469)
Other undisclosed income from continuing operations before equity method investments, income taxes     59,89548,977
Income from continuing operations before income taxes:90,00684,78077,64472,26083,19171,874
Income tax expense (benefit)(237)534(247)(265)(262)18
Income from continuing operations:89,76985,31477,39771,99582,92971,892
Income before gain (loss) on sale of properties:85,31477,39771,99582,92971,892
Other undisclosed net income8,139431170944  
Net income:97,90885,74577,56772,93982,92971,892
Net loss attributable to noncontrolling interest(136)(164)(235)(323)(531)(498)
Net income available to common stockholders, diluted:97,77285,58177,33272,61682,39871,394

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:97,90885,74577,56772,93982,92971,892
Other comprehensive income (loss)40,82615,902(22,240)   
Other undisclosed comprehensive income (loss)    (9,540)1,0224,297
Comprehensive income:138,734101,64755,32763,39983,95176,189
Comprehensive loss, net of tax, attributable to noncontrolling interest(194)(195)(151)(278)(542)(524)
Comprehensive income, net of tax, attributable to parent:138,540101,45255,17663,12183,40975,665

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: