← Four Corners Property Trust, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $156.8m |
$71.4m
-54.47%
|
$82.4m
+15.41%
|
$72.6m
-11.87%
|
$77.3m
+6.49%
|
$85.6m
+10.67%
|
$97.8m
+14.24%
|
$95.3m
-2.49%
|
$100.5m
+5.38%
|
$112.4m
+11.84%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $156.8m | $71.9m | $82.9m | $72.9m | $77.6m | $85.7m | $97.9m | $95.5m | $100.6m | $112.5m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $41k | $498k | $531k | $323k | $235k | $164k | $136k | $122k | $122k | $124k | — | |
| Depreciation, Depletion and Amortization | $20.6m | $21.8m | $22.4m | $26.3m | $29.4m | $34.8m | $41.5m | $50.7m | $54.5m | $59.6m | $63.3m | |
| Amortization of Debt Issuance Costs | $1.6m | $2.1m | $1.8m | $2.0m | $2.1m | $2.4m | $2.1m | $2.3m | $2.6m | $3.2m | — | |
| Amortization of Intangible Assets | — | $298k | — | — | — | — | — | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $41.5m | $50.7m | $54.5m | $59.6m | $63.3m | |
| Deferred Income Tax Expense (Benefit) | ($80.7m) | ($196k) | $0 | $0 | — | ($864k) | ($125k) | ($259k) | ($200k) | ($231k) | ($238k) | |
| Deferred Tax | — | — | — | — | — | — | ($125k) | ($259k) | ($200k) | ($231k) | ($238k) | |
| Share-based Payment Arrangement, Noncash Expense | $1.6m | $2.7m | $4.0m | $3.6m | $3.4m | $3.9m | $5.0m | $6.3m | $7.0m | $8.9m | $9.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $393k | $2.7m | $2.6m | $3.0m | $1.0m | $2.3m | $2.1m | $3.2m | — | |
| Impairment of Intangible Assets, Finite-lived | — | $228k | — | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | — | $0 | $0 | $827k | $827k | |
| Change In Working Capital | — | — | — | — | — | — | $1.7m | $10.9m | ($22.5m) | $5.7m | ($1.8m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($6.3m) | ($6.8m) | ($5.4m) | ($3.3m) | ($3.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $70.9m |
$78.9m
+11.29%
|
$80.9m
+2.45%
|
$104.7m
+29.41%
|
$91.5m
-12.63%
|
$122.4m
+33.85%
|
$142.0m
+16.00%
|
$165.1m
+16.27%
|
$144.1m
-12.72%
|
$192.3m
+33.43%
|
$194.8m
+1.31%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $83.3m | $95.1m | $268.3m | $205.2m | $230.5m | $268.4m | $296.3m | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $16.6m | $10.5m | $15.3m | $0 | $0 | $431k | $8.1m | $2.3m | $0 | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | ($250k) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | — | $508k | $100k | $250k | $250k | |
| Net Cash Provided by (Used in) Investing Activities | ($59.3m) | ($85.3m) | ($247.0m) | ($207.4m) | ($229.1m) | ($264.9m) | ($270.9m) | ($312.8m) | ($272.9m) | ($325.2m) | ($270.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $183.0m | $245.0m | $302.0m | $262.0m | $153.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $183.0m | $245.0m | $302.0m | $262.0m | $153.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($64.0m) | ($129.0m) | ($278.0m) | ($192.0m) | ($103.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $119.0m | $116.0m | $24.0m | $70.0m | $50.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $119.0m | $116.0m | $24.0m | $70.0m | $50.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($64.0m) | ($129.0m) | ($278.0m) | ($192.0m) | ($103.0m) | |
| Proceeds from Issuance of Common Stock | $640k | $32.1m | — | — | — | $116.5m | $141.8m | $153.4m | $215.9m | $225.2m | $202.4m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($107.5m) | ($119.7m) | ($128.1m) | ($144.0m) | ($152.9m) | |
| Common Stock Issuance | — | — | — | — | — | — | $141.8m | $153.4m | $215.9m | $225.2m | $202.4m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $141.8m | $153.4m | $215.9m | $225.2m | $202.4m | |
| Dividends paid | $121.6m | $58.7m | $69.5m | $78.5m | $86.3m | $96.9m | $107.5m | $119.7m | $128.1m | $144.0m | ($152.9m) | |
| Dividends Payable | $14.5m | $16.8m | $19.6m | $21.3m | $24.1m | $26.7m | $29.1m | $31.5m | $35.4m | $39.6m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($107.5m) | ($119.7m) | ($128.1m) | ($144.0m) | ($152.9m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.4m) | ($3.5m) | ($3.7m) | ($10.2m) | ($4.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($83.0m) |
$44.2m
+153.22%
|
$190.0m
+329.97%
|
$14.5m
-92.36%
|
$143.6m
+888.89%
|
$137.7m
-4.08%
|
$148.9m
+8.10%
|
$146.2m
-1.83%
|
$108.1m
-26.04%
|
$141.0m
+30.45%
|
$94.7m
-32.84%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $23.9m | ($88.2m) | $6.0m | ($4.8m) | $20.0m | ($1.5m) | ($20.7m) | $8.1m | $24.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $6.3m | $26.3m | $24.8m | $4.1m | $6.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $93.2m | $5.1m | $11.1m | $6.3m | $26.3m | $24.8m | $4.1m | $12.1m | $24.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $0 | $5.5m | $1.5m | $0 | $1.2m | $4.7m | $3.2m | $1.1m | $1.4m | $6.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $25.9m | $23.2m | $22.7m | $30.7m | $49.5m | $59.1m | $57.9m | — | |
| Income Taxes Paid, Net | $2.2m | $561k | $470k | $589k | $597k | $314k | $332k | $369k | $449k | $564k | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Properties | — | — | — | — | $0 | $431k | $8.1m | $2.3m | $0 | $0 | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | $431k | $8.1m | $2.3m | — | — | — | |
| General and Administrative Expense | $11.0m | $12.3m | $13.6m | $13.9m | $15.0m | $17.6m | $20.0m | $22.7m | $23.8m | $26.8m | — | |
| Income Tax Expense (Benefit) | ($80.3m) | ($18k) | $262k | $265k | $247k | ($534k) | $237k | $130k | $308k | $303k | — | |
| Operating Expenses | $64.2m | $72.2m | $76.5m | $61.5m | $64.1m | $82.1m | $97.3m | $113.7m | $118.9m | $130.3m | — | |
| Operating Lease, Lease Income | — | — | — | $139.7m | $154.7m | $172.8m | $193.6m | $219.9m | $237.1m | $262.6m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $540k | ($4.3m) | ($1.0m) | $9.5m | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $143.6m | $160.2m | $170.9m | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $148.9m | $146.2m | $108.1m | $141.0m | $94.7m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($270.9m) | ($312.8m) | ($272.9m) | ($325.2m) | ($270.7m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $20.0m | ($1.5m) | ($20.7m) | $8.1m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $8.0m | $17.6m | ($17.0m) | $9.0m | $1.1m | |
| Changes In Cash | — | — | — | — | — | — | $20.0m | ($1.5m) | ($20.7m) | $8.1m | $18.8m | |
| End Cash Position | — | — | — | — | — | — | $26.3m | $24.8m | $4.1m | $12.1m | $24.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $148.9m |
$146.2m
-1.83%
|
$108.1m
-26.04%
|
$141.0m
+30.45%
|
$94.7m
-32.84%
|
|
| Free Cash Flow | — | — | — | — | — | — | $142.0m | $165.1m | $144.1m | $192.3m | $194.8m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($8.1m) | ($2.3m) | $0 | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($270.9m) | ($312.8m) | ($272.9m) | ($325.2m) | ($270.7m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($270.9m) | ($313.3m) | ($273.0m) | ($325.5m) | ($270.9m) | |
| Operating Gains Losses | — | — | — | — | — | ($431k) | ($8.1m) | ($2.3m) | — | — | — | |
| Other Non Cash Items | — | — | — | — | — | — | $4.3m | $4.4m | $4.7m | $5.1m | — | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($296.3m) | ($341.1m) | ($273.0m) | ($325.5m) | ($270.9m) | |
| Sale Of Investment Properties | — | — | — | — | — | — | $25.4m | $27.8m | $0 | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $5.0m | $6.3m | $7.0m | $8.9m | $9.2m |