Gladstone Land Corp
NASDAQ:LAND
Income Statement
Earnings Waterfall
Gladstone Land Corp
Revenue
|
90.4m
USD
|
Cost of Revenue
|
-12.7m
USD
|
Gross Profit
|
77.7m
USD
|
Operating Expenses
|
-44.1m
USD
|
Operating Income
|
33.6m
USD
|
Other Expenses
|
-43.5m
USD
|
Net Income
|
-9.9m
USD
|
Income Statement
Gladstone Land Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4
N/A
|
5
+15%
|
5
+13%
|
6
+15%
|
7
+19%
|
8
+16%
|
10
+15%
|
11
+14%
|
12
+10%
|
13
+9%
|
14
+11%
|
16
+10%
|
17
+10%
|
19
+12%
|
21
+9%
|
23
+10%
|
25
+8%
|
29
+14%
|
34
+19%
|
35
+4%
|
37
+3%
|
35
-4%
|
32
-9%
|
35
+9%
|
41
+15%
|
48
+18%
|
52
+9%
|
55
+6%
|
57
+3%
|
58
+1%
|
62
+7%
|
68
+9%
|
75
+11%
|
79
+5%
|
83
+4%
|
87
+6%
|
89
+2%
|
90
+1%
|
91
+1%
|
91
-1%
|
90
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
|
Gross Profit |
4
N/A
|
4
+9%
|
4
+9%
|
5
+9%
|
6
+18%
|
7
+16%
|
8
+16%
|
9
+16%
|
10
+11%
|
11
+10%
|
12
+13%
|
14
+11%
|
15
+11%
|
17
+13%
|
19
+9%
|
20
+10%
|
22
+7%
|
25
+14%
|
30
+20%
|
31
+3%
|
32
+3%
|
30
-6%
|
26
-12%
|
29
+11%
|
35
+19%
|
42
+22%
|
46
+10%
|
49
+6%
|
51
+3%
|
51
+1%
|
55
+7%
|
60
+8%
|
67
+11%
|
70
+4%
|
72
+4%
|
77
+6%
|
78
+2%
|
79
+1%
|
80
+1%
|
79
-1%
|
78
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(13)
|
(19)
|
(19)
|
(20)
|
(17)
|
(12)
|
(13)
|
(15)
|
(19)
|
(21)
|
(22)
|
(23)
|
(25)
|
(27)
|
(31)
|
(35)
|
(37)
|
(40)
|
(42)
|
(43)
|
(43)
|
(44)
|
(44)
|
(44)
|
|
Selling, General & Administrative |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(21)
|
(24)
|
(27)
|
(29)
|
(32)
|
(34)
|
(35)
|
(36)
|
(37)
|
(37)
|
(37)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(7)
|
(7)
|
(7)
|
(4)
|
2
|
2
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
1
N/A
|
2
+4%
|
2
+13%
|
2
N/A
|
2
+21%
|
3
+33%
|
3
+19%
|
4
+25%
|
5
+21%
|
5
+7%
|
6
+10%
|
7
+12%
|
7
+10%
|
8
+15%
|
10
+16%
|
11
+10%
|
12
+7%
|
12
+3%
|
11
-4%
|
12
+2%
|
12
+5%
|
13
+4%
|
14
+13%
|
16
+15%
|
19
+18%
|
23
+21%
|
25
+9%
|
27
+7%
|
28
+2%
|
27
-4%
|
28
+5%
|
29
+4%
|
32
+9%
|
32
+2%
|
33
+2%
|
35
+7%
|
35
+0%
|
36
+2%
|
36
0%
|
35
-3%
|
34
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(15)
|
(16)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(25)
|
(26)
|
(26)
|
(26)
|
(25)
|
(25)
|
(24)
|
(24)
|
|
Non-Reccuring Items |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
6
|
5
|
5
|
5
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(3)
|
(4)
|
(4)
|
2
|
3
|
4
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
|
Pre-Tax Income |
0
N/A
|
0
-27%
|
(0)
N/A
|
(0)
+13%
|
(0)
+23%
|
(0)
N/A
|
0
N/A
|
0
+63%
|
1
+119%
|
1
+39%
|
1
+19%
|
1
-19%
|
0
-38%
|
0
-15%
|
1
+35%
|
0
-52%
|
(0)
N/A
|
(1)
-1 667%
|
(3)
-398%
|
4
N/A
|
3
-24%
|
3
+16%
|
5
+63%
|
(0)
N/A
|
2
N/A
|
5
+170%
|
5
+0%
|
6
+22%
|
5
-15%
|
2
-52%
|
2
-30%
|
2
-5%
|
4
+118%
|
4
+18%
|
5
+27%
|
6
+6%
|
5
-16%
|
5
+12%
|
13
+137%
|
14
+11%
|
15
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(1)
|
(1)
|
(2)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
0
|
(0)
|
(1)
|
(3)
|
4
|
3
|
3
|
5
|
(0)
|
2
|
5
|
5
|
6
|
5
|
2
|
2
|
2
|
4
|
4
|
5
|
6
|
5
|
5
|
13
|
14
|
15
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(1)
N/A
|
(1)
-2%
|
(2)
-26%
|
(1)
+6%
|
(0)
+91%
|
(0)
N/A
|
0
N/A
|
0
+79%
|
1
+128%
|
1
+37%
|
1
+18%
|
1
-20%
|
0
-39%
|
0
-20%
|
0
+33%
|
0
-52%
|
(0)
N/A
|
(0)
-1 500%
|
(2)
-413%
|
3
N/A
|
2
-33%
|
2
-9%
|
3
+50%
|
(3)
N/A
|
(3)
+21%
|
(1)
+57%
|
(2)
-127%
|
(3)
-8%
|
(4)
-67%
|
(8)
-72%
|
(9)
-18%
|
(10)
-9%
|
(9)
+10%
|
(9)
-6%
|
(10)
-4%
|
(12)
-20%
|
(15)
-29%
|
(17)
-11%
|
(11)
+34%
|
(10)
+6%
|
(10)
+5%
|
|
EPS (Diluted) |
-0.19
N/A
|
-0.2
-5%
|
-0.25
-25%
|
-0.23
+8%
|
-0.02
+91%
|
-0.02
N/A
|
0.03
N/A
|
0.03
N/A
|
0.07
+133%
|
0.08
+14%
|
0.09
+13%
|
0.07
-22%
|
0.04
-43%
|
0.03
-25%
|
0.04
+33%
|
0.02
-50%
|
0
N/A
|
-0.03
N/A
|
-0.16
-433%
|
0.21
N/A
|
0.15
-29%
|
0.13
-13%
|
0.16
+23%
|
-0.15
N/A
|
-0.13
+13%
|
-0.06
+54%
|
-0.12
-100%
|
-0.13
-8%
|
-0.2
-54%
|
-0.28
-40%
|
-0.3
-7%
|
-0.31
-3%
|
-0.29
+6%
|
-0.29
N/A
|
-0.28
+3%
|
-0.33
-18%
|
-0.43
-30%
|
-0.47
-9%
|
-0.31
+34%
|
-0.29
+6%
|
-0.28
+3%
|