CTO Realty Growth, Inc. (CTO) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
1140 NORTH WILLIAMSON BLVD., STE. 140 DAYTONA BEACH, FL 32114 |
| 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,615 | 34,863 | 45,289 | 2,310 | 6,559 | 7,780 | 4,061 | ||
| Cash and cash equivalents | 8,615 | 4,289 | 6,475 | 2,310 | 6,559 | 7,780 | 4,061 | ||
| Short-term investments | 30,574 | 38,814 | |||||||
| Restricted cash and investments | 14,061 | ||||||||
| Disposal group, including discontinued operation | 156 | ||||||||
| Total current assets: | 8,615 | 34,863 | 45,289 | 2,467 | 6,559 | 7,780 | 18,121 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 168 | 246 | 364 | ✕ | ✕ | ✕ | ✕ | ||
| Inventory, real estate | 692 | 7,083 | 6,732 | 25,765 | 39,478 | 51,955 | 53,406 | ||
| Property, plant and equipment | 190,296 | 442,384 | 370,591 | 368,751 | 347,688 | 267,611 | 257,256 | ||
| Long-term investments and receivables | 48,677 | 55,737 | 6,788 | ||||||
| Long-term investments | 48,677 | 55,737 | 6,788 | ||||||
| Intangible assets, net (including goodwill) | 79,492 | 50,176 | 49,022 | 43,555 | 38,758 | 32,185 | (11,892) | ||
| Intangible assets, net (excluding goodwill) | 79,492 | 50,176 | 49,022 | 43,555 | 38,758 | 32,185 | (11,892) | ||
| Disposal group, including discontinued operation, noncurrent assets | 71,471 | ||||||||
| Deferred costs | 2,394 | 2,697 | |||||||
| Total noncurrent assets: | 270,648 | 548,566 | 482,446 | 518,724 | 428,621 | 351,751 | 298,770 | ||
| Other undisclosed assets | 453,876 | 82,502 | 175,551 | 35,139 | 30,950 | 49,093 | 89,126 | ||
| TOTAL ASSETS: | 733,139 | 665,931 | 703,286 | 556,330 | 466,130 | 408,623 | 406,017 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 23,183 | 75,000 | |||||||
| Total current liabilities: | 23,183 | 75,000 | |||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 483 | 3,521 | 90,282 | 831 | 399 | 13,469 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 399 | 13,469 | |||
| Deferred gain on sale of property | 831 | ✕ | ✕ | ✕ | |||||
| Deferred income tax liabilities | 483 | 3,521 | 90,282 | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 483 | 3,521 | 90,282 | 831 | 399 | 13,469 | |||
| Other undisclosed liabilities | 302,176 | 288,328 | 252,591 | 343,737 | 281,952 | 259,949 | 252,159 | ||
| Total liabilities: | 302,659 | 315,032 | 417,873 | 344,568 | 281,952 | 260,348 | 265,628 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 430,480 | 350,899 | 285,413 | 211,761 | 184,178 | 148,276 | 134,781 | ||
| Preferred stock | 30 | ||||||||
| Common stock | 60 | 7,250 | 6,017 | 5,995 | 5,964 | 5,915 | 5,902 | ||
| Treasury stock, value | (77,541) | (73,441) | (32,345) | (22,508) | (15,298) | (7,866) | |||
| Additional paid in capital | 85,414 | 83,183 | 26,690 | 24,327 | 22,735 | 20,511 | 16,991 | ||
| Accumulated other comprehensive income (loss) | 1,517 | (1,910) | 74 | 487 | 373 | 256 | (689) | ||
| Retained earnings | 343,459 | 339,917 | 326,073 | 213,298 | 177,614 | 136,892 | 120,444 | ||
| Stockholders' equity attributable to noncontrolling interest | 5,607 | ||||||||
| Total stockholders' equity: | 430,480 | 350,899 | 285,413 | 211,761 | 184,178 | 148,276 | 140,388 | ||
| TOTAL LIABILITIES AND EQUITY: | 733,139 | 665,931 | 703,286 | 556,330 | 466,130 | 408,623 | 406,017 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 70,272 | 56,381 | 44,941 | 86,689 | 91,412 | 71,075 | 42,998 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,100 | 19,041 | ||
| Operating lease, lease income | 50,679 | 49,953 | 41,956 | ✕ | ✕ | ✕ | ✕ | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 40,911 | ✕ | ✕ | ✕ | |
| Other operating income | 24,885 | 10,887 | ||||||
| Cost of revenue | (22,430) | (15,211) | (7,105) | (19,684) | (188) | |||
| Cost of goods and services sold | (188) | |||||||
| Gross profit: | 47,842 | 41,170 | 37,837 | 67,005 | 91,412 | 71,075 | 42,810 | |
| Operating expenses | 17,114 | (1,821) | 12,159 | (45,231) | (51,143) | (33,755) | (22,728) | |
| Other undisclosed operating income (loss) | (41,611) | (27,069) | (15,797) | 41,720 | 188 | |||
| Operating income: | 23,345 | 12,280 | 34,199 | 63,493 | 40,269 | 37,320 | 20,269 | |
| Nonoperating income (expense) (Investment Income, Nonoperating) | 12,445 | (6,432) | 345 | 52 | 38 | (530) | 209 | |
| Interest and debt expense | (8,929) | (454) | (444) | (495) | (8,523) | (8,753) | (6,920) | |
| Income from continuing operations before equity method investments, income taxes: | 26,861 | 5,394 | 34,100 | 63,050 | 31,784 | 28,036 | 13,558 | |
| Other undisclosed loss from continuing operations before income taxes | (10,384) | (12,022) | (9,928) | |||||
| Income (loss) from continuing operations before income taxes: | 26,861 | (4,990) | 22,077 | 53,122 | 31,784 | 28,036 | 13,558 | |
| Income tax expense (benefit) | 3,079 | 83,499 | (5,472) | (14,163) | 9,935 | (11,837) | (5,269) | |
| Income from continuing operations: | 29,940 | 78,509 | 16,605 | 38,959 | 41,719 | 16,199 | 8,289 | |
| Income (loss) from discontinued operations | 98,368 | (1,792) | ||||||
| Net income: | 29,940 | 78,509 | 114,973 | 37,168 | 41,719 | 16,199 | 8,289 | |
| Net income attributable to noncontrolling interest | 52 | 58 | ||||||
| Net income attributable to parent: | 29,940 | 78,509 | 114,973 | 37,168 | 41,719 | 16,251 | 8,347 | |
| Preferred stock dividends and other adjustments | (2,325) | |||||||
| Net income available to common stockholders, diluted: | 27,615 | 78,509 | 114,973 | 37,168 | 41,719 | 16,251 | 8,347 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 29,940 | 78,509 | 114,973 | 37,168 | 41,719 | 16,199 | 8,289 | |
| Comprehensive income: | 29,940 | 78,509 | 114,973 | 37,168 | 41,719 | 16,199 | 8,289 | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 52 | 58 | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,427 | (1,984) | (413) | 114 | 117 | 945 | (762) | |
| Comprehensive income, net of tax, attributable to parent: | 33,367 | 76,525 | 114,560 | 37,282 | 41,836 | 17,196 | 7,585 | |
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.