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
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,67511,19731,39926,29636,66917,714
Cash and cash equivalents5,67511,19731,39926,29636,66917,714
Inventory, net of allowances, customer advances and progress billings233247261274256262
Inventory233247261274256262
Total current assets:5,90811,44431,66026,57036,92517,976
Noncurrent Assets
Operating lease, right-of-use asset4,0504,1774,3034,4284,5524,675
Property, plant and equipment1,235,9431,187,7421,124,8781,115,8271,191,5271,149,499
Intangible assets, net (including goodwill)122,132114,298102,113106,206106,947105,311
Intangible assets, net (excluding goodwill)122,132114,298102,113106,206106,947105,311
Deferred income tax assets1,2211,0371,033988920803
Total noncurrent assets:1,363,3461,307,2541,232,3271,227,4491,303,9461,260,288
Other undisclosed assets1,086,6401,019,283933,517944,568759,006732,453
TOTAL ASSETS:2,455,8942,337,9812,197,5042,198,5872,099,8772,010,717
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,202,2501,082,8401,064,5371,060,2771,031,1461,019,169
Total liabilities:1,202,2501,082,8401,064,5371,060,2771,031,1461,019,169
Equity
Equity, attributable to parent1,251,3961,252,9301,130,7181,136,0421,066,455989,292
Common stock      
Additional paid in capital1,235,2471,233,7751,112,9361,104,5221,027,716964,607
Accumulated other comprehensive income35,31431,75723,28530,94431,96814,945
Retained earnings (accumulated deficit)(19,165)(12,602)(5,503)5766,7719,740
Equity, attributable to noncontrolling interest2,2392,2022,2402,2592,2682,248
Other undisclosed equity 999988
Total equity:1,253,6441,255,1411,132,9671,138,3101,068,731991,548
TOTAL LIABILITIES AND EQUITY:2,455,8942,337,9812,197,5042,198,5872,099,8772,010,717

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues64,83960,68859,95257,36456,00855,425
Operating lease, lease income57,24352,84352,19750,08548,71947,904
Cost of revenue
(Cost of Goods and Services Sold)
     (10,588)(10,128)
Other undisclosed gross profit    30,420  
Gross profit:64,83960,68859,95287,78445,42045,297
Operating expenses(29,061)(27,290)(28,693)(25,461)(24,294)(23,865)
Operating income:35,77833,39831,25962,32321,12621,432
Nonoperating income
(Other Nonoperating income)
28322630029216429
Interest and debt expense(12,276)(10,051)(9,918)(9,822)(9,177)(9,031)
Income from continuing operations before income taxes:23,78523,57321,64152,79312,11312,430
Income tax expense (benefit)89(91)(48)(28)23(144)
Income from continuing operations:23,87423,48221,59352,76512,13612,286
Income before gain (loss) on sale of properties:12,13612,286
Other undisclosed net income (loss)3181731,562(29,865)12,41615,884
Net income:24,19223,65523,15522,90024,55228,170
Net loss attributable to noncontrolling interest(31)(30)(31)(31)(34)(40)
Net income available to common stockholders, diluted:24,16123,62523,12422,86924,51828,130

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:24,19223,65523,15522,90024,55228,170
Other comprehensive income (loss)3,6028,443(7,670)(1,025)17,0479,396
Comprehensive income:27,79432,09815,48521,87541,59937,566
Comprehensive loss, net of tax, attributable to noncontrolling interest(76)(1)(20)(30)(58)(54)
Comprehensive income, net of tax, attributable to parent:27,71832,09715,46521,84541,54137,512

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.

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