CatchMark Timber Trust, Inc. (CTT) financial statements (2022 and earlier)

Company profile

Business Address 5 CONCOURSE PARKWAY
ATLANTA, GA 30328
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 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 investments22,96311,92411,4875,6147,8059,1088,025
Cash and cash equivalents22,96311,92411,4875,6147,8059,1088,025
Total current assets:22,96311,92411,4875,6147,8059,1088,025
Noncurrent Assets
Operating lease, right-of-use asset2,5272,8313,120
Property, plant and equipment466,130576,680633,581687,851710,247691,687584,854
Long-term investments and receivables1,3531,5101,96596,24411,677  
Long-term investments1,3531,5101,96596,24411,677  
Intangible assets, net (including goodwill)15912161923
Intangible assets, net (excluding goodwill)15912161923
Deferred costs      354
Total noncurrent assets:470,011581,026638,675784,107721,940691,706585,231
Other undisclosed assets14,33614,37813,70315,05110,4139,0105,839
TOTAL ASSETS:507,310607,328663,865804,772740,158709,824599,095
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities323,314477,416470,662483,116337,778328,754188,057
Total liabilities:323,314477,416470,662483,116337,778328,754188,057
Stockholders' equity
Stockholders' equity attributable to parent181,755128,764192,641321,656402,380380,682410,648
Common stock489488490492434  
Additional paid in capital729,960728,662729,274730,416661,222605,728607,409
Accumulated other comprehensive income (loss)(11,217)(27,893)(8,276)82,3761,747(1,420)
Accumulated deficit(537,477)(572,493)(528,847)(409,260)(261,652)(226,793)(195,341)
Stockholders' equity attributable to noncontrolling interest2,2411,148562    
Other undisclosed stockholders' equity     388390
Total stockholders' equity:183,996129,912193,203321,656402,380381,070411,038
TOTAL LIABILITIES AND EQUITY:507,310607,328663,865804,772740,158709,824599,095

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
Revenues102,161104,290106,70997,85791,29581,85569,122
Revenue, net91,29581,85569,122
Cost of revenue
(Cost of Goods and Services Sold)
    (6,758)(6,092)(4,495)
Gross profit:102,161104,290106,70997,85784,53775,76364,627
Operating expenses(90,297)(102,646)(101,235)(96,564)(94,869)(86,263)(73,942)
Other undisclosed operating income    6,7586,0924,495
Operating income (loss):11,8641,6445,4741,293(3,574)(4,408)(4,820)
Nonoperating income (expense)11,531(13,798)(10,451)(460)(11,074)(6,662)(3,567)
Investment income, nonoperating35,000      
Other nonoperating income (expense)558865380(460)   
Interest and debt expense(12,679)(15,123)(18,616)(16,255)(11,187)(6,706)(3,573)
Other undisclosed income from continuing operations before equity method investments, income taxes12,67915,12318,616 11,187  
Income (loss) from continuing operations before equity method investments, income taxes:23,395(12,154)(4,977)(15,422)(14,648)(17,776)(11,960)
Income (loss) from equity method investments683(4,726)(89,471)(106,917)1,138  
Income (loss) from continuing operations before income taxes:24,078(16,880)(94,448)(122,339)(13,510)(17,776)(11,960)
Income tax expense (benefit)(675)(658)1,127    
Income (loss) before gain (loss) on sale of properties:23,403(17,538)(93,321)(122,339)(13,510)(17,776)(11,960)
Other undisclosed net income35,000  332 6,7063,573
Net income (loss):58,403(17,538)(93,321)(122,007)(13,510)(11,070)(8,387)
Other undisclosed net income (loss) attributable to parent(141)30     
Net income (loss) available to common stockholders, diluted:58,262(17,508)(93,321)(122,007)(13,510)(11,070)(8,387)

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 (loss):58,403(17,538)(93,321)(122,007)(13,510)(11,070)(8,387)
Other comprehensive income (loss)16,708(19,645) (2,368)6293,167(564)
Comprehensive income (loss):75,111(37,183)(93,321)(124,375)(12,881)(7,903)(8,951)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(32)28     
Other undisclosed comprehensive loss, net of tax, attributable to parent  (8,284)    
Comprehensive income (loss), net of tax, attributable to parent:75,079(37,155)(101,605)(124,375)(12,881)(7,903)(8,951)

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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