PCH · As filed with the SEC
Potlatchdeltic cash flow statement, by fiscal year
The statement as Potlatchdeltic presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net income | 21,876,000 | 62,101,000 | 333,900,000 | 423,860,000 | 166,830,000 | 55,661,000 | 122,880,000 | — |
| Adjustments to reconcile net income to net cash from operating activities: | ||||||||
| Depreciation, depletion and amortization | 113,098,000 | 121,154,000 | 98,234,000 | 77,425,000 | 77,885,000 | 72,105,000 | 73,161,000 | 29,912,000 |
| Basis of real estate sold | — | — | — | — | — | — | — | 6,827,000 |
| Basis of real estate sold | 86,870,000 | 31,392,000 | 29,921,000 | 27,360,000 | 25,348,000 | 20,554,000 | 16,698,000 | — |
| Gain on sale of facility | — | — | — | — | — | (9,176,000) | — | — |
| Loss on extinguishment of debt | — | — | — | — | — | 5,512,000 | — | — |
| Change in deferred taxes | (12,776,000) | (9,269,000) | (5,257,000) | 25,000 | (14,610,000) | (11,045,000) | 12,161,000 | 15,364,000 |
| Pension and other postretirement employee benefits | 4,575,000 | 6,446,000 | 15,259,000 | 22,079,000 | 23,666,000 | 11,877,000 | 16,443,000 | 13,151,000 |
| Pension settlement charge | — | — | 14,165,000 | — | 42,988,000 | — | — | — |
| Equity-based compensation expense | 11,010,000 | 9,115,000 | 18,497,000 | 8,607,000 | 8,063,000 | 7,272,000 | 8,206,000 | 4,722,000 |
| Gain on fire damage | — | — | (34,505,000) | — | — | — | — | — |
| Gain on fire damage | 0 | (39,436,000) | — | (3,361,000) | — | — | — | — |
| Amortization related to redesignated forward-starting interest rate swaps | 10,766,000 | — | — | — | — | — | — | — |
| Interest received under swaps with other-than-insignificant financing element | (29,673,000) | (25,646,000) | — | — | — | — | — | — |
| Other, net | (1,278,000) | 7,882,000 | (1,235,000) | 363,000 | (1,269,000) | (2,324,000) | (1,221,000) | (1,872,000) |
| Change in working capital and operating-related activities, net of merger | ||||||||
| Receivables, net | (1,468,000) | 921,000 | 9,418,000 | (4,404,000) | (12,439,000) | 7,238,000 | 2,822,000 | 3,602,000 |
| Inventories, net | (4,694,000) | (10,706,000) | 4,410,000 | (10,333,000) | 3,745,000 | (3,519,000) | 273,000 | 2,490,000 |
| Other assets | 6,479,000 | (758,000) | (7,629,000) | 7,331,000 | 4,591,000 | 5,305,000 | (3,996,000) | (15,000) |
| Accounts payable and accrued liabilities | (1,541,000) | (12,558,000) | 97,000 | (17,626,000) | 25,848,000 | (11,415,000) | (5,212,000) | 11,591,000 |
| Other liabilities | 199,000 | (3,087,000) | 3,115,000 | (8,167,000) | 1,327,000 | 3,955,000 | (6,173,000) | (4,291,000) |
| Real estate development expenditures | (8,088,000) | (11,504,000) | (8,102,000) | (9,229,000) | (6,706,000) | (7,254,000) | (5,049,000) | — |
| Funding of qualified pension plans | — | — | — | — | — | — | (52,099,000) | (5,275,000) |
| Net cash from operating activities | — | — | — | — | — | — | — | 162,659,000 |
| Funding of pension and other postretirement employee benefits | (8,565,000) | (3,336,000) | (5,065,000) | (9,044,000) | (10,004,000) | (5,678,000) | — | — |
| Proceeds from insurance recoveries | 1,680,000 | 36,400,000 | 26,678,000 | — | — | — | — | — |
| Net cash from operating activities | 188,470,000 | 159,111,000 | 491,901,000 | 504,886,000 | 335,263,000 | 139,068,000 | 178,894,000 | — |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Purchases of property, plant and equipment | — | — | — | — | — | — | (29,880,000) | (12,855,000) |
| Timberlands reforestation and roads | — | — | — | — | — | — | (17,378,000) | (15,207,000) |
| Property, plant and equipment additions | (63,891,000) | (95,916,000) | (56,976,000) | (38,947,000) | (22,693,000) | (39,153,000) | — | — |
| Timberlands reforestation and roads | (24,764,000) | (23,863,000) | (17,718,000) | (16,401,000) | (16,234,000) | (17,695,000) | — | — |
| Acquisition of timber and timberlands | (32,341,000) | (1,834,000) | (110,110,000) | (20,066,000) | (6,858,000) | (626,000) | (4,877,000) | (22,043,000) |
| Proceeds on disposition of property, plant and equipment | — | — | — | — | 370,000 | 2,389,000 | — | — |
| Proceeds on sale of facility | — | — | — | — | 1,000,000 | 58,793,000 | — | — |
| Proceeds from property insurance | — | 1,356,000 | 8,750,000 | 15,000,000 | — | — | — | — |
| Cash acquired in CatchMark merger | — | 0 | 23,571,000 | — | — | — | 3,419,000 | — |
| Transfer from company owned life insurance (COLI) | — | — | — | — | 5,616,000 | 1,968,000 | 1,796,000 | 1,278,000 |
| Transfer to COLI | — | — | — | — | (3,341,000) | (1,148,000) | (1,027,000) | (1,324,000) |
| Interest received under swaps with other-than-insignificant financing element | 27,634,000 | 23,757,000 | — | — | — | — | — | — |
| Other, net | 1,300,000 | 1,196,000 | 4,963,000 | 1,269,000 | (52,000) | (11,000) | 38,000 | 131,000 |
| Net cash from investing activities | — | — | — | — | — | — | — | (50,020,000) |
| Net cash from investing activities | (92,062,000) | (95,304,000) | (147,520,000) | (59,145,000) | (42,192,000) | 4,517,000 | (47,909,000) | — |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Distribution to common stockholders | (142,350,000) | (143,595,000) | (208,133,000) | (388,241,000) | (107,853,000) | (107,722,000) | (146,768,000) | (61,931,000) |
| Repurchase of common stock | (35,017,000) | (25,011,000) | (54,549,000) | — | (15,364,000) | (25,173,000) | — | — |
| Proceeds from Potlatch revolving line of credit | — | — | — | — | — | — | 100,000,000 | — |
| Repayment of revolving line of credit | — | — | — | — | — | — | (100,000,000) | — |
| Deltic | — | — | — | — | — | — | (106,000,000) | — |
| Proceeds from issuance of long-term debt | 176,000,000 | 40,000,000 | 317,500,000 | 40,000,000 | 46,000,000 | 190,000,000 | 100,000,000 | — |
| Repayment of long-term debt | (175,735,000) | (40,000,000) | (343,000,000) | (46,366,000) | (46,000,000) | (190,000,000) | (14,250,000) | (11,000,000) |
| Premiums and fees on debt retirement | — | — | — | — | — | (4,865,000) | — | — |
| Other, net | (5,269,000) | (3,104,000) | (7,380,000) | (6,702,000) | (1,768,000) | (1,012,000) | (4,983,000) | (1,835,000) |
| Net cash from financing activities | — | — | — | — | — | — | — | (74,766,000) |
| Change in cash and cash equivalents | — | — | — | — | — | — | — | 37,873,000 |
| Cash and cash equivalents at beginning of year | — | — | — | — | — | — | 120,457,000 | 82,584,000 |
| Cash and cash equivalents at end of year | — | — | — | — | — | — | — | 120,457,000 |
| Net cash from financing activities | (182,371,000) | (171,710,000) | (295,562,000) | (401,309,000) | (124,985,000) | (138,772,000) | (172,001,000) | — |
| Change in cash, cash equivalents and restricted cash | (85,963,000) | (107,903,000) | 48,819,000 | 44,432,000 | 168,086,000 | 4,813,000 | (41,016,000) | — |
| Cash, cash equivalents and restricted cash at beginning of period | 237,688,000 | 345,591,000 | 296,772,000 | 252,340,000 | 84,254,000 | 79,441,000 | 120,457,000 | — |
| Cash, cash equivalents and restricted cash at end of period | 151,725,000 | 237,688,000 | 345,591,000 | 296,772,000 | 252,340,000 | 84,254,000 | 79,441,000 | — |
| Long-term debt assumed by buyer in sale of facility | — | — | — | — | — | 29,000,000 | — | — |
| Accrued property, plant and equipment additions | — | — | — | — | — | 1,396,000 | — | — |
| Accrued timberlands reforestation and roads | — | — | — | — | — | 352,000 | — | — |
| Interest, net of amounts capitalized | — | — | — | — | — | 32,282,000 | 34,490,000 | 26,125,000 |
| Income taxes, net | — | — | — | — | — | 7,148,000 | 10,800,000 | 15,845,000 |
| Net income | — | — | — | — | — | — | — | 86,453,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.