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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments914153233
Cash and cash equivalents914153233
Short-term investments      1
Inventory, net of allowances, customer advances and progress billings   2   
Inventory   2   
Deferred costs      0
Total current assets:914154234
Noncurrent Assets
Operating lease, right-of-use asset00
Property, plant and equipment713583417356266192124
Intangible assets, net (including goodwill)4565221
Intangible assets, net (excluding goodwill)4565221
Total noncurrent assets:717588423362268194125
Other undisclosed assets34121512796643323
TOTAL ASSETS:1,067817565462334230152
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation62448233629119114382
Long-term debt, excluding current maturities62448233629119114382
Liabilities, other than long-term debt     (0) 
Deferred revenue and credits  (0) 
Total noncurrent liabilities:62448233629119114382
Other undisclosed liabilities605648535599
Total liabilities:68353838434424615292
Temporary equity, carrying amount    28  
Stockholders' equity
Stockholders' equity attributable to parent, including:384277176110777860
Preferred stock 00    
Common stock0000000
Additional paid in capital440316202130908765
Accumulated other comprehensive loss(2)(0)     
Accumulated deficit     (9)(5)
Other undisclosed stockholders' equity attributable to parent(55)(39)(26)(20)(13)  
Stockholders' equity attributable to noncontrolling interest 25811  
Total stockholders' equity:384279181118887860
Other undisclosed liabilities and equity    (28)  
TOTAL LIABILITIES AND EQUITY:1,067817565462334230152

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues57413725171214
Revenue, net25171214
Operating lease, lease income5741
Operating leases, income statement, lease revenue29
Other operating income  7    
Cost of revenue
(Cost of Goods and Services Sold)
  (1)   (0)
Gross profit:57413625171214
Operating expenses(29)(21) (4)(4)(3)(2)
Other undisclosed operating loss   (9)(7)(5)(10)
Operating income:28193611752
Nonoperating expense(23)(18)(9)(11)(7)(4)(2)
Interest and debt expense(21)(16)(12)(10)(1)(4)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(16)(15)14(10)(0)(4)(2)
Loss from equity method investments(0)      
Other undisclosed income from continuing operations before income taxes    142
Income (loss) from continuing operations before income taxes:(16)(15)14(10)01(0)
Income tax expense      (0)
Income (loss) before gain (loss) on sale of properties:(16)(15)14(10)01(0)
Other undisclosed net income (loss)2116(11)10   
Net income (loss):523(0)01(0)
Net income (loss) attributable to noncontrolling interest(0)(0)(0)0(0)  
Net income (loss) attributable to parent:523(0)01(0)
Preferred stock dividends and other adjustments(9)(4)     
Other undisclosed net loss available to common stockholders, basic(0) (0)    
Net income (loss) available to common stockholders, diluted:(4)(2)2(0)01(0)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):523(0)01(0)
Comprehensive income (loss):523(0)01(0)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(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:413(0)01(0)

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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