TEJON RANCH CO
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
TRC$17.55-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – As of and
CONSOLIDATED BALANCE SHEETS
($ in thousands, except per share data)
| December 31 | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $31,907 | $39,119 |
| Marketable securities - available-for-sale | 32,556 | 33,444 |
| Accounts receivable | 8,352 | 4,453 |
| Inventories | 3,493 | 3,369 |
| Prepaid expenses and other current assets | 3,502 | 2,660 |
| Total current assets | 79,810 | 83,045 |
| Real estate and improvements - held for lease, net | 16,609 | 16,940 |
| Real estate development (includes $119,788 at December 31, 2023 and $115,221 at December 31, 2022, attributable to Centennial Founders, LLC, Note 17) | 337,257 | 321,293 |
| Property and equipment, net | 53,985 | 52,980 |
| Investments in unconsolidated joint ventures | 33,648 | 41,891 |
| Net investment in water assets | 52,130 | 47,045 |
| Other assets | 4,084 | 3,597 |
| TOTAL ASSETS | $577,523 | $566,791 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Trade accounts payable | 6,457 | 5,117 |
| Accrued liabilities and other | 3,214 | 3,602 |
| Deferred income | 1,891 | 1,531 |
| Current maturities of long-term debt | — | 1,779 |
| Total current liabilities | 11,562 | 12,029 |
| Long-term debt, less current portion | — | 48,161 |
| Revolving line of credit | 47,942 | — |
| Long-term deferred gains | 11,447 | 11,447 |
| Deferred tax liability | 8,269 | 7,180 |
| Other liabilities | 15,207 | 10,380 |
| Total liabilities | 94,427 | 89,197 |
| Commitments and contingencies | ||
| Equity: | ||
| Tejon Ranch Co. Stockholders’ Equity | ||
| Common stock, $0.50 par value per share: | ||
| Issued and outstanding shares - 26,770,545 at December 31, 2023 and 26,541,553 at December 31, 2022 | 13,386 | 13,271 |
| Additional paid-in capital | 345,609 | 345,344 |
| Accumulated other comprehensive loss | (171) | (2,028) |
| Retained earnings | 108,908 | 105,643 |
| Total Tejon Ranch Co. Stockholders’ Equity | 467,732 | 462,230 |
| Non-controlling interest | 15,364 | 15,364 |
| Total equity | 483,096 | 477,594 |
| TOTAL LIABILITIES AND EQUITY | $577,523 | $566,791 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.