PotlatchDeltic Corporation (PCH) Financial Statements (2024 and earlier)

Company Profile

Business Address 601 WEST FIRST AVENUE
SPOKANE, WA 99201
State of Incorp. DE
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 investments343,809296,151252,34083,31076,639120,457
Cash and cash equivalents343,809296,151252,34083,31076,639120,457
Receivables22,81331,02826,60614,16721,40511,240
Inventory, net of allowances, customer advances and progress billings67,95872,36962,03665,78160,80550,132
Inventory67,95872,36962,03665,78160,80550,132
Asset, held-for-sale, not part of disposal group     80,674 
Other current assets36,95521,63016,13620,18322,67511,478
Total current assets:471,535421,178357,118183,441262,198193,307
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization13,21310,6637,2062,360
Property, plant and equipment318,184292,320288,544286,383272,19377,229
Intangible assets, net (including goodwill)17,42015,49116,27017,04917,828 
Intangible assets, net (excluding goodwill)17,42015,49116,27017,04917,828 
Other noncurrent assets179,55457,95146,71735,29021,2818,271
Other undisclosed noncurrent assets2,550,6491,737,6121,665,2101,710,5361,752,352674,272
Total noncurrent assets:3,079,0202,114,0372,023,9472,051,6182,063,654759,772
TOTAL ASSETS:3,550,5552,535,2152,381,0652,235,0592,325,852953,079
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:94,86178,20993,27960,57760,99355,201
Interest and dividends payable6,0466,4856,9468,6426,385
Taxes payable6,84820,7806,6387,3895,103
Employee-related liabilities28,94429,67512,92020,13018,110
Accounts payable12,24112,7499,72412,73412,0739,361
Accrued liabilities43,990     
Other undisclosed accounts payable and accrued liabilities38,63023,62226,61521,33912,75916,242
Debt44,81346,55442,18346,61839,97314,263
Contract with customer, liability2,900
Other undisclosed current liabilities921,4164,3726,05732,4185,334
Total current liabilities:139,766126,179139,834113,252136,28474,798
Noncurrent Liabilities
Long-term debt and lease obligation992,701715,279717,366722,973715,391559,056
Long-term debt, excluding current maturities992,701715,279717,366710,495715,391559,056
Finance lease, liability    1,703
Liabilities, other than long-term debt154,935167,624218,912164,316159,398118,683
Deferred tax liabilities, net32,009 
Deferred income tax liabilities41,79034,87417,740 
Liability, pension and other postretirement and postemployment benefits77,39683,674128,807115,463110,659103,524
Other liabilities35,74949,07672,36548,85316,73015,159
Operating lease, liability    10,775
Other undisclosed noncurrent liabilities    7,687  
Total noncurrent liabilities:1,147,636882,903936,278894,976874,789677,739
Total liabilities:1,287,4021,009,0821,076,1121,008,2281,011,073752,537
Equity
Equity, attributable to parent2,263,1531,526,1331,304,9531,226,8311,314,779200,542
Common stock79,68369,06466,87667,22167,57040,612
Additional paid in capital2,294,7971,781,2171,674,5761,666,2991,659,031359,144
Accumulated other comprehensive income (loss)97,652(43,238)(120,989)(147,359)(129,431)(94,851)
Accumulated deficit(208,979)(280,910)(315,510)(359,330)(282,391)(104,363)
Total equity:2,263,1531,526,1331,304,9531,226,8311,314,779200,542
TOTAL LIABILITIES AND EQUITY:3,550,5552,535,2152,381,0652,235,0592,325,852953,079

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
Revenues1,330,7801,337,4351,040,930827,098974,579678,595
Cost of revenue
(Cost of Goods and Services Sold)
(806,822)(715,846)(687,781)(682,066)(707,645)(470,365)
Gross profit:523,958621,589353,149145,032266,934208,230
Operating expenses(82,056)(73,432)(72,519)(48,749)(81,980)(63,795)
Other undisclosed operating income7,1803,361   1,088
Operating income:449,082551,518280,63096,283184,954145,523
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(67)     
Interest and debt expense(340)(227)(153)(5,512)  
Other undisclosed loss from continuing operations before equity method investments, income taxes   (86,524)(34,100)(42,875)(27,049)
Income from continuing operations before equity method investments, income taxes:448,675551,291193,95356,671142,079118,474
Other undisclosed loss from continuing operations before income taxes(49,363)(42,275)    
Income from continuing operations before income taxes:399,312509,016193,95356,671142,079118,474
Income tax expense (benefit)(65,412)(85,156)(27,123)(1,010)(19,199)(32,021)
Income from continuing operations:333,900423,860166,83055,661122,88086,453
Income before gain (loss) on sale of properties:423,860166,83055,661122,88086,453
Net income available to common stockholders, diluted:333,900423,860166,83055,661122,88086,453

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:333,900423,860166,83055,661122,88086,453
Other comprehensive income (loss)140,89077,75126,370(17,928)(11,315)15,893
Comprehensive income, net of tax, attributable to parent:474,790501,611193,20037,733111,565102,346

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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