TEJON RANCH CO
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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 | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $39,267 | $31,907 |
| Marketable securities - available-for-sale | 14,441 | 32,556 |
| Accounts receivable | 7,916 | 8,352 |
| Inventories | 3,972 | 3,493 |
| Prepaid expenses and other current assets | 3,806 | 3,502 |
| Total current assets | 69,402 | 79,810 |
| Real estate and improvements - held for lease, net | 16,253 | 16,609 |
| Real estate development (includes $124,136 at December 31, 2024 and $119,788 at December 31, 2023, attributable to Centennial Founders, LLC, Note 16) | 377,905 | 337,257 |
| Property and equipment, net | 56,387 | 53,985 |
| Investments in unconsolidated joint ventures | 28,980 | 33,648 |
| Net investment in water assets | 55,091 | 52,130 |
| Other assets | 3,980 | 4,084 |
| TOTAL ASSETS | $607,998 | $577,523 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Trade accounts payable | 9,085 | 6,457 |
| Accrued liabilities and other | 5,549 | 3,214 |
| Deferred income | 2,162 | 1,891 |
| Total current liabilities | 16,796 | 11,562 |
| Revolving line of credit | 66,942 | 47,942 |
| Long-term deferred gains | 11,447 | 11,447 |
| Deferred tax liability | 9,059 | 8,269 |
| Other liabilities | 14,798 | 15,207 |
| Total liabilities | 119,042 | 94,427 |
| Commitments and contingencies | ||
| Equity: | ||
| Tejon Ranch Co. stockholders’ equity | ||
| Common stock, $0.50 par value per share: | ||
| Issued and outstanding shares - 26,822,768 at December 31, 2024 and 26,770,545 at December 31, 2023 | 13,412 | 13,386 |
| Additional paid-in capital | 348,497 | 345,609 |
| Accumulated other comprehensive income (loss) | 87 | (171) |
| Retained earnings | 111,598 | 108,908 |
| Total Tejon Ranch Co. stockholders’ equity | 473,594 | 467,732 |
| Non-controlling interest | 15,362 | 15,364 |
| Total equity | 488,956 | 483,096 |
| TOTAL LIABILITIES AND EQUITY | $607,998 | $577,523 |
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