Gladstone Land Corporation (LAND) financial statements (2021 and earlier)

Company profile

Business Address 1521 WESTBRANCH DRIVE
MCLEAN, VA 22102
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14429231533
Cash and cash equivalents14429231533
Total current assets:14429231533
Noncurrent Assets
Operating lease, right-of-use asset000 
Property, plant and equipment583557436420417389361
Intangible assets, net (including goodwill)5555665
Intangible assets, net (excluding goodwill)5555665
Total noncurrent assets:588562441425423395366
Other undisclosed assets215191159128127112107
TOTAL ASSETS:817757629576565510475
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation482448350334336316290
Long-term debt, excluding current maturities482448350334336316290
Total noncurrent liabilities:482448350334336316290
Other undisclosed liabilities56564747484750
Total liabilities:538504397381384363340
Stockholders' equity
Stockholders' equity attributable to parent, including:277251231195176142129
Preferred stock00000  
Common stock0000000
Additional paid in capital316287263223202164155
Accumulated other comprehensive loss(0)(0)     
Other undisclosed stockholders' equity attributable to parent(39)(35)(32)(29)(26)(22)(26)
Stockholders' equity attributable to noncontrolling interest22  566
Total stockholders' equity:279253231195181147135
TOTAL LIABILITIES AND EQUITY:817757629576565510475

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1311888811
Revenue, net11
Operating lease, lease income13118 
Operating leases, income statement, lease revenue88 
Cost of revenue
(Cost of Goods and Services Sold)
    (0)(0)(1)
Gross profit:1311888810
Operating expenses(7)(6)(4)(5)20(5)(9)
Other undisclosed operating income (loss)    (1)01
Operating income:75432732
Nonoperating income (expense)(6)(5)(4)(3)(5)3(4)
Other nonoperating income0001000
Interest and debt expense(5)(4)(4)(3)(3)(3)(3)
Income (loss) before gain (loss) on sale of properties:(4)(4)(3)(3)193(5)
Other undisclosed net income (loss)5443(20)33
Net income (loss):1100(1)6(2)
Net income (loss) attributable to noncontrolling interest(0)(0)(0)(0)0(0)0
Net income (loss) attributable to parent:1100(1)6(2)
Preferred stock dividends and other adjustments(2)(1)(1)(1) (0)(0)
Other undisclosed net loss available to common stockholders, basic    (0)  
Net income (loss) available to common stockholders, diluted:(1)(1)(1)(0)(1)6(2)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):1100(1)6(2)
Other comprehensive loss (0)     
Comprehensive income (loss):1000(1)6(2)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)0(0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)      
Comprehensive income (loss), net of tax, attributable to parent:1000(1)6(2)

Statements sources

The financial statements are based on the company's filings with the 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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