Gladstone Land Corporation (LAND) financial statements (2022 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)

12/31/2021
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 investments1791415323
Cash and cash equivalents1791415323
Inventory, net of allowances, customer advances and progress billings    2  
Inventory    2  
Total current assets:1791415423
Noncurrent Assets
Operating lease, right-of-use asset100
Property, plant and equipment813713583417356266192
Intangible assets, net (including goodwill)4456522
Intangible assets, net (excluding goodwill)4456522
Total noncurrent assets:818717588423362268194
Other undisclosed assets517341215127966433
TOTAL ASSETS:1,3521,067817565462334230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation668624482336291191143
Long-term debt, excluding current maturities668624482336291191143
Liabilities, other than long-term debt      (0)
Deferred revenue and credits  (0)
Total noncurrent liabilities:668624482336291191143
Other undisclosed liabilities9560564853559
Total liabilities:762683538384344246152
Temporary equity, carrying amount     28 
Stockholders' equity
Stockholders' equity attributable to parent, including:5873842771761107778
Preferred stock  00   
Common stock0000000
Additional paid in capital6684403162021309087
Accumulated other comprehensive loss(1)(2)(0)    
Accumulated deficit      (9)
Other undisclosed stockholders' equity attributable to parent(80)(55)(39)(26)(20)(13) 
Stockholders' equity attributable to noncontrolling interest2 25811 
Total stockholders' equity:5893842791811188878
Other undisclosed liabilities and equity     (28) 
TOTAL LIABILITIES AND EQUITY:1,3521,067817565462334230

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues75574137251712
Revenue, net251712
Operating lease, lease income755741
Operating leases, income statement, lease revenue29
Other operating income   7   
Cost of revenue
(Cost of Goods and Services Sold)
   (1)   
Gross profit:75574136251712
Operating expenses(44)(29)(21) (4)(4)(3)
Other undisclosed operating loss    (9)(7)(5)
Operating income:322819361175
Nonoperating expense(28)(23)(18)(9)(11)(7)(4)
Interest and debt expense(25)(21)(16)(12)(10)(1)(4)
Income (loss) from continuing operations before equity method investments, income taxes:(21)(16)(15)14(10)(0)(4)
Loss from equity method investments(0)(0)     
Other undisclosed income from continuing operations before income taxes     14
Income (loss) before gain (loss) on sale of properties:(21)(16)(15)14(10)01
Other undisclosed net income (loss)252116(11)10  
Net income (loss):4523(0)01
Net income (loss) attributable to noncontrolling interest(0)(0)(0)(0)0(0) 
Net income (loss) attributable to parent:3523(0)01
Preferred stock dividends and other adjustments(12)(9)(4)    
Other undisclosed net loss available to common stockholders, basic (0) (0)   
Net income (loss) available to common stockholders, diluted:(9)(4)(2)2(0)01

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4523(0)01
Other comprehensive income0      
Comprehensive income (loss):4523(0)01
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)0(0) 
Other undisclosed comprehensive loss, net of tax, attributable to parent (1)(0)    
Comprehensive income (loss), net of tax, attributable to parent:4413(0)01

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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