Tejon Ranch Co (TRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 4436 LEBEC ROAD
LEBEC, CA 93243
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66,99375,70072,56361,55045,54956,242
Cash and cash equivalents27,34240,37939,11930,30818,36436,705
Short-term investments39,65135,32133,44431,24227,18519,537
Receivables2,4141,9664,4534,6682,7513,275
Inventory, net of allowances, customer advances and progress billings7,5585,7443,3695,5329,4358,270
Inventory7,5585,7443,3695,5329,4358,270
Other undisclosed current assets4,3243,8542,6603,9194,3234,235
Total current assets:81,28987,26483,04575,66962,05872,022
Noncurrent Assets
Inventory, real estate344,408341,460338,233342,959343,952338,656
Property, plant and equipment54,52053,79152,98053,46852,79451,426
Long-term investments and receivables38,35036,29141,89138,60538,63237,348
Long-term investments38,35036,29141,89138,60538,63237,348
Intangible assets, net (including goodwill)21,05321,39421,73522,07622,41622,757
Intangible assets, net (excluding goodwill)21,05321,39421,73522,07622,41622,757
Other noncurrent assets3,2202,1363,5973,1601,5741,594
Other undisclosed noncurrent assets30,10429,79325,31025,94826,87928,225
Total noncurrent assets:491,655484,865483,746486,216486,247480,006
TOTAL ASSETS:572,944572,129566,791561,885548,305552,028
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,6598,9908,7198,5586,6657,318
Accounts payable5,3625,1705,1174,1434,4374,271
Accrued liabilities3,2973,8203,6024,4152,2283,047
Deferred revenue1,8842,3101,5312,0711,6572,543
Debt1,8221,8001,7791,7581,6194,531
Other undisclosed current liabilities    8432,1764,591
Total current liabilities:12,36513,10012,02913,23012,11718,983
Noncurrent Liabilities
Long-term debt and lease obligation47,25847,71048,16148,61249,05547,001
Long-term debt, excluding current maturities47,25847,71048,16148,61249,05547,001
Liabilities, other than long-term debt34,24434,26729,00724,51422,82423,162
Deferred revenue11,44711,44711,4478,4357,8397,839
Deferred income tax liabilities7,1776,8807,1804,1364,0293,596
Other liabilities15,62015,94010,38011,94310,95611,727
Total noncurrent liabilities:81,50281,97777,16873,12671,87970,163
Total liabilities:93,86795,07789,19786,35683,99689,146
Equity
Equity, attributable to parent463,710461,682462,230460,166448,935447,513
Common stock13,35913,35613,27113,24613,24213,237
Additional paid in capital344,434343,438345,344346,095346,137345,166
Accumulated other comprehensive loss(1,767)(2,529)(2,028)(2,834)(3,919)(5,032)
Retained earnings107,684107,417105,643103,65993,47594,142
Equity, attributable to noncontrolling interest15,36715,37015,36415,36315,37415,369
Total equity:479,077477,052477,594475,529464,309462,882
TOTAL LIABILITIES AND EQUITY:572,944572,129566,791561,885548,305552,028

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues   6,893   
Cost of revenue(7,968)(11,720)(17,634)(20,487)(11,587)(16,733)
Cost of goods and services sold  (2,976)(1,655)  (6,345)
Gross profit:(7,968)(11,720)(10,741)(20,487)(11,587)(16,733)
Operating expenses  (59)28  925
Other undisclosed operating income6,09812,26510,56031,4759,26921,020
Operating income (loss):(1,870)486(153)10,988(2,318)5,212
Nonoperating income (expense)587790384415(12)935
Investment income, nonoperating6194563342047917
Other nonoperating income (expense)(32)33450211(91)918
Income (loss) from continuing operations before equity method investments, income taxes:(1,283)1,27623111,403(2,330)6,147
Income from equity method investments1,9381,5172,8851,9911,6631,213
Income (loss) from continuing operations before income taxes:6552,7933,11613,394(667)7,360
Income tax expense (benefit)(391)(1,013)(1,131)(3,221)5(3,046)
Income (loss) from continuing operations:2641,7801,98510,173(662)4,314
Income (loss) before gain (loss) on sale of properties:10,173(662)4,314
Net income (loss):2641,7801,98510,173(662)4,314
Net income (loss) attributable to noncontrolling interest3(6)(1)11(5)(7)
Net income (loss) available to common stockholders, diluted:2671,7741,98410,184(667)4,307

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):2641,7801,98510,173(662)4,314
Other comprehensive income (loss)762(501)8061,0851,1131,790
Comprehensive income:1,0261,2792,79111,2584516,104
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(6)(1)11(5)(7)
Comprehensive income, net of tax, attributable to parent:1,0291,2732,79011,2694466,097

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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