Four Corners Property Trust, Inc.FCPT
| Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net income | - | 157 | 72 | 83 | 73 | 78 | 86 | 98 | 95 |
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Depreciation and amortization | 4 | 21 | 22 | 22 | 26 | 29 | 35 | 41 | 51 |
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Gain on disposal of land, building, and equipment | -0 | 17 | 11 | 15 | - | - | 0 | 8 | 2 |
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Non-cash revenue adjustments | - | - | - | - | 0 | 1 | 2 | 2 | 2 |
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Amortization of financing costs | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
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Stock-based compensation expense | 0 | 2 | 3 | 4 | 4 | 3 | 4 | 5 | 6 |
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Deferred income taxes | 1 | -81 | -0 | - | - | - | -1 | -0 | -0 |
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Derivative assets and liabilities | - | - | -0 | -0 | 0 | 8 | -3 | -1 | -8 |
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Straight-line rent adjustment | - | - | - | - | - | - | 8 | 6 | 6 |
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Rent received in advance | - | - | - | -7 | 9 | 1 | -1 | 0 | 3 |
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Intangible assets (lease incentives) | - | - | - | - | - | 4 | 1 | -0 | 1 |
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Other assets and liabilities | -4 | 2 | -0 | 0 | 0 | 3 | -1 | -7 | -7 |
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Depreciation and amortization | 4 | 21 | 22 | 22 | 26 | 29 | 35 | 41 | 51 |
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Gain on disposal of land, building, and equipment | -0 | 17 | 11 | 15 | - | - | 0 | 8 | 2 |
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Non-cash revenue adjustments | - | - | - | - | 0 | 1 | 2 | 2 | 2 |
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Amortization of financing costs | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
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Stock-based compensation expense | 0 | 2 | 3 | 4 | 4 | 3 | 4 | 5 | 6 |
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Deferred income taxes | 1 | -81 | -0 | - | - | - | -1 | -0 | -0 |
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Derivative assets and liabilities | - | - | -0 | -0 | 0 | 8 | -3 | -1 | -8 |
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Straight-line rent adjustment | - | - | - | - | - | - | 8 | 6 | 6 |
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Rent received in advance | - | - | - | -7 | 9 | 1 | -1 | 0 | 3 |
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Intangible assets (lease incentives) | - | - | - | - | - | 4 | 1 | -0 | 1 |
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Other assets and liabilities | -4 | 2 | -0 | 0 | 0 | 3 | -1 | -7 | -7 |
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Net cash provided by operating activities | 22 | 71 | 79 | 81 | 105 | 91 | 122 | 142 | 165 |
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Investments in real estate | 1 | 83 | 95 | 268 | 205 | 231 | 268 | 296 | - |
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Investments in real estate | - | - | - | - | - | - | - | - | 341 |
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Proceeds from Sale of Productive Assets | - | - | 16 | 21 | - | - | 3 | 25 | 28 |
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Advance deposits on acquisition of operating real estate | - | - | 1 | -0 | 2 | -1 | -0 | -0 | -1 |
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Net cash used in investing activities | -1 | -59 | -85 | -247 | -207 | -229 | -265 | -271 | -313 |
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Net proceeds from ATM equity issuance | - | 1 | 32 | - | - | - | 117 | 142 | 153 |
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Proceeds from issuance of senior notes | - | - | 125 | 100 | - | 125 | 100 | 125 | 100 |
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Proceeds from term loan borrowing | - | - | - | - | - | - | - | 30 | - |
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Payment of deferred financing costs | 8 | - | 6 | 1 | - | 1 | 5 | 3 | 1 |
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Proceeds from Lines of Credit | - | - | 36 | 25 | 52 | 177 | 191 | 28 | 145 |
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Repayment of revolving credit facility | - | - | - | - | - | - | - | 64 | 129 |
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Payment of dividend to shareholders | - | 122 | 59 | 69 | 78 | 86 | 97 | 108 | 120 |
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Distribution to non-controlling interests | - | - | 1 | - | 0 | 0 | 0 | 0 | 0 |
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Redemption of non-controlling interests | - | - | - | - | 3 | 1 | - | - | - |
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Shares withheld for taxes upon vesting | - | - | - | 0 | 3 | 3 | 3 | 1 | 2 |
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Net cash provided by financing activities | 77 | -83 | 44 | 190 | 15 | 144 | 138 | 149 | 146 |
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Net increase (decrease) in cash and cash equivalents, including restricted cash | - | - | - | 24 | -88 | 6 | -5 | 20 | -2 |
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Interest paid | - | - | - | - | 26 | 23 | 23 | 31 | 49 |
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Taxes paid | - | 2 | 1 | 0 | 1 | 1 | 0 | 0 | 0 |
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Operating lease payments received (lessor) | - | - | - | - | 130 | 143 | 163 | 183 | 207 |
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Operating Lease, Payments | - | - | - | - | 0 | 1 | 1 | 1 | 1 |
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Change in fair value of derivative instruments | -0 | 1 | - | 1 | -10 | -14 | 13 | 40 | -17 |
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