TEJON RANCH CO
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
TRC$17.55-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of (unaudited) and
CONSOLIDATED BALANCE SHEETS
($ in thousands, except per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $27,369 | $31,907 |
| Marketable securities - available-for-sale | 13,892 | 32,556 |
| Accounts receivable | 2,783 | 8,352 |
| Inventories | 7,550 | 3,493 |
| Prepaid expenses and other current assets | 4,053 | 3,502 |
| Total current assets | 55,647 | 79,810 |
| Real estate and improvements - held for lease, net | 16,340 | 16,609 |
| Real estate development (includes $123,302 at September 30, 2024 and $119,788 at December 31, 2023, attributable to CFL (Note 14)) | 374,341 | 337,257 |
| Property and equipment, net | 56,760 | 53,985 |
| Investments in unconsolidated joint ventures | 34,429 | 33,648 |
| Net investment in water assets | 56,024 | 52,130 |
| Other assets | 4,496 | 4,084 |
| TOTAL ASSETS | $598,037 | $577,523 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Trade accounts payable | $11,283 | $6,457 |
| Accrued liabilities and other | 6,565 | 3,214 |
| Deferred income | 1,721 | 1,891 |
| Total current liabilities | 19,569 | 11,562 |
| Revolving line of credit | 59,942 | 47,942 |
| Long-term deferred gains | 11,447 | 11,447 |
| Deferred tax liability | 8,282 | 8,269 |
| Other liabilities | 15,114 | 15,207 |
| Total liabilities | 114,354 | 94,427 |
| Commitments and contingencies (Note 11) | ||
| Equity: | ||
| Tejon Ranch Co. Stockholders’ Equity | ||
| Common stock, $0.50 par value per share: | ||
| Issued and outstanding shares - 26,814,680 at September 30, 2024 and 26,770,545 at December 31, 2023 | 13,408 | 13,386 |
| Additional paid-in capital | 347,939 | 345,609 |
| Accumulated other comprehensive loss | (142) | (171) |
| Retained earnings | 107,115 | 108,908 |
| Total Tejon Ranch Co. Stockholders’ Equity | 468,320 | 467,732 |
| Non-controlling interest | 15,363 | 15,364 |
| Total equity | 483,683 | 483,096 |
| TOTAL LIABILITIES AND EQUITY | $598,037 | $577,523 |
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