ST JOE Co

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 21, 2024

JOE$72.91-3.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(Dollars in thousands except per share amounts)



· · Year Ended December 31,
· 2023 · · 2022 · · 2021
Revenue: · · · ·
Real estate revenue	$186,008	$115,865	$164,650
Hospitality revenue	152,441	97,260	75,265
Leasing revenue	50,836	39,196	27,081
Total revenue	389,285	252,321	266,996
Expenses:
Cost of real estate revenue	87,966	50,791	61,380
Cost of hospitality revenue	122,185	77,518	58,314
Cost of leasing revenue	25,828	17,589	11,620
Corporate and other operating expenses	23,797	22,068	23,023
Depreciation, depletion and amortization	38,776	22,888	18,202
Total expenses	298,552	190,854	172,539
Operating income	90,733	61,467	94,457
Other income (expense):
Investment income, net	13,282	9,862	7,254
Interest expense	(30,618)	(18,383)	(15,854)
Gain on contributions to unconsolidated joint ventures	718	2,738	3,558
Equity in income (loss) from unconsolidated joint ventures	22,701	25,986	(865)
Other income, net	3,245	12,947	10,181
Total other income, net	9,328	33,150	4,274
Income before income taxes	100,061	94,617	98,731
Income tax expense	(26,009)	(24,389)	(24,982)
Net income	74,052	70,228	73,749
Net loss attributable to non-controlling interest	3,660	699	804
Net income attributable to the Company	$77,712	$70,927	$74,553

NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY
Basic	$1.33	$1.21	$1.27
Diluted	$1.33	$1.21	$1.27

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	58,312,878	58,720,050	58,882,549
Diluted	58,324,254	58,721,338	58,882,549

F 5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.