Gladstone Land Corporation (LAND) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1415323317
Cash and cash equivalents1415323316
Short-term investments     11
Inventory, net of allowances, customer advances and progress billings  2   
Inventory  2    
Deferred costs     0 
Total current assets:1415423417
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment58341735626619212464
Intangible assets, net (including goodwill)5652210
Intangible assets, net (excluding goodwill)5652210
Total noncurrent assets:58842336226819412564
Other undisclosed assets2151279664332312
TOTAL ASSETS:81756546233423015294
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation4823362911911438243
Long-term debt, excluding current maturities4823362911911438243
Liabilities, other than long-term debt    (0)  
Deferred revenue and credits  (0)  
Total noncurrent liabilities:4823362911911438243
Other undisclosed liabilities56485355992
Total liabilities:5383843442461529245
Temporary equity, carrying amount   28   
Stockholders' equity
Stockholders' equity attributable to parent, including:27717611077786049
Preferred stock00     
Common stock0000000
Additional paid in capital31620213090876551
Accumulated other comprehensive loss(0)      
Accumulated deficit    (9)(5)(3)
Other undisclosed stockholders' equity attributable to parent(39)(26)(20)(13)   
Stockholders' equity attributable to noncontrolling interest25811   
Total stockholders' equity:27918111888786049
Other undisclosed liabilities and equity   (28)   
TOTAL LIABILITIES AND EQUITY:81756546233423015294

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4137251712148
Revenue, net251712148
Operating lease, lease income41
Operating leases, income statement, lease revenue29
Other operating income 7     
Cost of revenue
(Cost of Goods and Services Sold)
 (1)   (0)(0)
Gross profit:4136251712148
Operating expenses(21) (4)(4)(3)(2)(1)
Other undisclosed operating loss  (9)(7)(5)(10)(6)
Operating income:1936117521
Nonoperating expense(18)(9)(11)(7)(4)(2)(1)
Interest and debt expense(16)(12)(10)(1)(4)(2)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(15)14(10)(0)(4)(2)(1)
Other undisclosed income from continuing operations before income taxes   1421
Income (loss) from continuing operations before income taxes:(15)14(10)01(0)0
Income tax expense     (0)(2)
Income (loss) before gain (loss) on sale of properties:(15)14(10)01(0)(1)
Other undisclosed net income (loss)16(11)10    
Net income (loss):23(0)01(0)(1)
Net income (loss) attributable to noncontrolling interest(0)(0)0(0)   
Net income (loss) attributable to parent:23(0)01(0)(1)
Preferred stock dividends and other adjustments(4)      
Other undisclosed net loss available to common stockholders, basic (0)     
Net income (loss) available to common stockholders, diluted:(2)2(0)01(0)(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):23(0)01(0)(1)
Comprehensive income (loss):23(0)01(0)(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0(0)   
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)      
Comprehensive income (loss), net of tax, attributable to parent:13(0)01(0)(1)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: