$FCPT
Four Corners Property Trust, Inc. Stock $fcpt

$fcpt Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000165013217000013 Filed on November 03, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$33.84M	$33.51M	$30.81M
YoY Change	8.22%	8.78%	598.07%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$7.870M	$7.470M	$6.920M
YoY Change	15.74%	7.95%	69.19%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.200M	$5.500M	$5.000M
YoY Change	-1.89%	10.0%	2400.0%
% of Gross Profit
Operating Expenses	$13.43M	$12.90M	$15.52M
YoY Change	-12.04%	-16.93%	261.36%
Operating Profit
YoY Change
Interest Expense	$5.403M	$5.463M	$3.549M
YoY Change	66.81%	53.93%
% of Operating Profit
Other Income/Expense, Net	$110.0K	$170.0K	$10.00K
YoY Change	10.0%	1600.0%
Pretax Income	$18.32M	$19.37M	$15.29M
YoY Change	-43.87%	26.65%	12970.09%
Income Tax	-$157.0K	$33.00K	$52.00K
% Of Pretax Income	-0.86%	0.17%	0.34%
Net Earnings	$18.47M	$19.21M	$15.24M
YoY Change	-43.12%	26.02%	13629.73%
Net Earnings / Revenue	54.59%	57.31%	49.47%
Basic Earnings Per Share	$0.30	$0.31	$0.25
Diluted Earnings Per Share	$0.30	$0.31	$0.25
COMMON SHARES
Basic Shares Outstanding	61.20M shares	61.11M shares	59.83M shares
Diluted Shares Outstanding		61.26M shares	59.86M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$64.50M	$82.90M	$18.90M
YoY Change	142.48%	338.62%
Cash & Equivalents	$64.47M	$82.87M	$18.87M
Short-Term Investments
Other Short-Term Assets	$600.0K	$200.0K	$200.0K
YoY Change	0.0%	0.0%
Inventory	$186.0K	$159.0K	$146.0K
Prepaid Expenses
Receivables	$400.0K	$200.0K	$100.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$65.70M	$83.50M	$19.30M
YoY Change	138.04%	332.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$966.1M	$948.3M	$824.8M
YoY Change	8.03%	14.97%
Goodwill
YoY Change
Intangibles	$3.835M	$2.494M
YoY Change	116.42%
Long-Term Investments
YoY Change
Other Assets	$27.40M	$24.50M	$22.30M
YoY Change	122.76%	9.87%
Total Long-Term Assets	$1.003B	$978.3M	$847.1M
YoY Change	10.27%	15.49%
TOTAL ASSETS
Total Short-Term Assets	$65.70M	$83.50M	$19.30M
Total Long-Term Assets	$1.003B	$978.3M	$847.1M
Total Assets	$1.069B	$1.062B	$866.4M
YoY Change	14.03%	22.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.100M	$1.000M	$500.0K
YoY Change	57.14%	100.0%
Accrued Expenses	$3.300M	$4.200M	$3.100M
YoY Change	3.13%	35.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$29.50M	$28.00M	$26.00M
YoY Change	11.74%	7.69%
LONG-TERM LIABILITIES
Long-Term Debt	$515.5M	$518.4M	$393.5M
YoY Change	17.45%	31.74%
Other Long-Term Liabilities	$1.300M	$1.600M	$7.400M
YoY Change	-13.33%	-78.38%
Total Long-Term Liabilities	$516.8M	$520.0M	$400.9M
YoY Change	17.35%	29.71%
TOTAL LIABILITIES
Total Short-Term Liabilities	$29.50M	$28.00M	$26.00M
Total Long-Term Liabilities	$516.8M	$520.0M	$400.9M
Total Liabilities	$546.4M	$548.1M	$427.0M
YoY Change	16.99%	28.35%
SHAREHOLDERS EQUITY
Retained Earnings	$36.32M	$34.81M	$7.978M
YoY Change	39.99%	336.34%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$522.3M	$505.9M	$439.4M
YoY Change
Total Liabilities & Shareholders Equity	$1.069B	$1.062B	$866.4M
YoY Change	14.03%	22.55%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$18.47M	$19.21M	$15.24M
YoY Change	-43.12%	26.02%	13629.73%
Depreciation, Depletion And Amortization	$5.200M	$5.500M	$5.000M
YoY Change	-1.89%	10.0%	2400.0%
Cash From Operating Activities	$18.70M	$21.00M	$18.30M
YoY Change	-3.11%	14.75%	4475.0%
INVESTING ACTIVITIES
Capital Expenditures	-$24.70M	-$6.400M	-$23.70M
YoY Change		-73.0%
Acquisitions
YoY Change
Other Investing Activities	$7.800M	$2.000M
YoY Change	-113.15%
Cash From Investing Activities	-$17.00M	-$4.300M	-$23.70M
YoY Change	-52.25%	-81.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-15.30M	-15.10M	-14.50M
YoY Change	-163.49%	4.14%	3525.0%
NET CHANGE
Cash From Operating Activities	18.70M	21.00M	18.30M
Cash From Investing Activities	-17.00M	-4.300M	-23.70M
Cash From Financing Activities	-15.30M	-15.10M	-14.50M
Net Change In Cash	-13.60M	1.600M	-19.90M
YoY Change	-274.36%	-108.04%	-17093969838080000000.0%
FREE CASH FLOW
Cash From Operating Activities	$18.70M	$21.00M	$18.30M
Capital Expenditures	-$24.70M	-$6.400M	-$23.70M
Free Cash Flow	$43.40M	$27.40M	$42.00M
YoY Change		-34.76%	10400.0%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001650132
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	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Four Corners Property Trust, Inc.
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	fcpt	Intercompany Rental Income IntercompanyRentalIncome	0	USD
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CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2899000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9215000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	15292000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	43870000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	19367000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	53557000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	52000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-80455000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	33000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	139000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2369000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	522000	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-55000	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-10000	USD
	us-gaap	Increase Decrease In Derivative Assets IncreaseDecreaseInDerivativeAssets	-140000	USD
	us-gaap	Increase Decrease In Derivative Assets IncreaseDecreaseInDerivativeAssets	-105000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	1992000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1915000	USD
CY2016Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	30000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	13000	shares
CY2017Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	144000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	109000	shares
CY2016Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1809000	USD
CY2017Q3	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	2768000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1772000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2494000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	3549000	USD
	us-gaap	Interest Expense InterestExpense	11588000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	5463000	USD
	us-gaap	Interest Expense InterestExpense	14066000	USD
	us-gaap	Interest Paid InterestPaid	6554000	USD
	us-gaap	Interest Paid InterestPaid	10945000	USD
CY2016Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1134000	USD
CY2017Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	2885000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	202000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	159000	USD
CY2016Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	1055624000	USD
CY2017Q3	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	1100430000	USD
CY2016Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	421941000	USD
CY2017Q3	us-gaap	Land And Land Improvements LandAndLandImprovements	441462000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	467034000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	548091000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	937151000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1061774000	USD
	us-gaap	Limited Partners Capital Account Distribution Amount LimitedPartnersCapitalAccountDistributionAmount	348000	USD
CY2016Q3	us-gaap	Loss On Cash Flow Hedge Ineffectiveness LossOnCashFlowHedgeIneffectiveness	346000	USD
	us-gaap	Loss On Cash Flow Hedge Ineffectiveness LossOnCashFlowHedgeIneffectiveness	8000	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	5097000	USD
CY2017Q3	us-gaap	Minority Interest MinorityInterest	7750000	USD
CY2017Q3	us-gaap	Minority Interest Ownership Percentage By Noncontrolling Owners MinorityInterestOwnershipPercentageByNoncontrollingOwners	0.0066
CY2017Q3	us-gaap	Minority Interest Ownership Percentage By Parent MinorityInterestOwnershipPercentageByParent	0.9934
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-107094000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	59462000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-23742000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-63419000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	51633000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	60179000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	15240000	USD
	us-gaap	Net Income Loss NetIncomeLoss	124325000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	19205000	USD
	us-gaap	Net Income Loss NetIncomeLoss	53044000	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2017Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	129000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	374000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	0	USD
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	2305000	USD
CY2016Q4	us-gaap	Notes Payable NotesPayable	438895000	USD
CY2017Q3	us-gaap	Notes Payable NotesPayable	518353000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	state
CY2017Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	44	state
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	15524000	USD
	us-gaap	Operating Expenses OperatingExpenses	48969000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	18358000	USD
	us-gaap	Operating Expenses OperatingExpenses	53358000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	1390000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	90000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	246000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	407000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	518000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	0	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	1547073000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Receivable In Five Years OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears	111622000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Receivable In Four Years OperatingLeasesFutureMinimumPaymentsReceivableInFourYears	110164000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Receivable In Three Years OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears	108626000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	107067000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear	26574000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Receivable Thereafter OperatingLeasesFutureMinimumPaymentsReceivableThereafter	969628000	USD
CY2017Q3	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	129000	USD
CY2016Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	143000	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	420000	USD
CY2017Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	155000	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	468000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	901000	USD
CY2017Q3	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	747000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	3819000	USD
CY2017Q3	us-gaap	Other Assets OtherAssets	7741000	USD
CY2016Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	631000	USD
CY2017Q3	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	689000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	2404000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-6142000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	489000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	1345000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1345000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	0	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	0	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	4000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	7000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-935000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-2900000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-196000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-1230000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	1469000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-9042000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	293000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	115000	USD
CY2016Q3	us-gaap	Other Cost Of Services OtherCostOfServices	4308000	USD
	us-gaap	Other Cost Of Services OtherCostOfServices	13600000	USD
CY2017Q3	us-gaap	Other Cost Of Services OtherCostOfServices	4571000	USD
	us-gaap	Other Cost Of Services OtherCostOfServices	13823000	USD
CY2016Q3	us-gaap	Other Income OtherIncome	10000	USD
	us-gaap	Other Income OtherIncome	88000	USD
CY2017Q3	us-gaap	Other Income OtherIncome	172000	USD
	us-gaap	Other Income OtherIncome	211000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	5450000	USD
CY2017Q3	us-gaap	Other Liabilities OtherLiabilities	6571000	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	0	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	757000	USD
	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	0	USD
	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	348000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	107094000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	43875000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1809000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	23742000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	70366000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	988000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	25000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	25000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2017Q3	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2016Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	614000	USD
CY2017Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	233000	USD
CY2016Q3	us-gaap	Prior Period Reclassification Adjustment PriorPeriodReclassificationAdjustment	10000	USD
	us-gaap	Prior Period Reclassification Adjustment PriorPeriodReclassificationAdjustment	88000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	28787000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	125000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	36000000	USD
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	0	USD
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-81000000	USD
	us-gaap	Proceeds From Repayments Of Secured Debt ProceedsFromRepaymentsOfSecuredDebt	0	USD
	us-gaap	Proceeds From Repayments Of Secured Debt ProceedsFromRepaymentsOfSecuredDebt	-2305000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	10734000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	15240000	USD
	us-gaap	Profit Loss ProfitLoss	124325000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	19334000	USD
	us-gaap	Profit Loss ProfitLoss	53418000	USD
CY2016Q4	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	0	USD
CY2017Q3	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	1712000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	583307000	USD
CY2017Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	593609000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1477565000	USD
CY2017Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1541892000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	894258000	USD
CY2017Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	948283000	USD
CY2016Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	26363000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	78748000	USD
CY2017Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	28835000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	84926000	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Redemption Value RedeemableNoncontrollingInterestEquityRedemptionValue	5500000	USD
CY2017Q3	us-gaap	Redeemable Noncontrolling Interest Equity Redemption Value RedeemableNoncontrollingInterestEquityRedemptionValue	10300000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	25943000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	34811000	USD
CY2016Q3	us-gaap	Revenues Revenues	30806000	USD
	us-gaap	Revenues Revenues	92751000	USD
CY2017Q3	us-gaap	Revenues Revenues	33511000	USD
	us-gaap	Revenues Revenues	99371000	USD
CY2016Q3	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	4443000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	14003000	USD
CY2017Q3	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	4676000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	14445000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1158000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1920000	USD
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	1791620	shares
	us-gaap	Stock Issued1 StockIssued1	0	USD
	us-gaap	Stock Issued1 StockIssued1	3609000	USD
CY2015Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	2100000	shares
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1920000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	470117000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	513683000	USD
CY2017Q3	us-gaap	Units Of Partnership Interest Amount UnitsOfPartnershipInterestAmount	409320	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	59863000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	59863109	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	59469000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	59469008	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61256145	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61256000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	60567000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	60567152	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	59833000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	59832824	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56027000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56026594	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61112000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61112051	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	60458000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	60457949	shares
	us-gaap	Derivatives Methods Of Accounting Hedging Derivatives DerivativesMethodsOfAccountingHedgingDerivatives	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Derivative Instruments and Hedging Activities</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments as required by </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Financial Accounting Standards Board (“FASB”)</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> ASC Topic 815, Derivatives and Hedging, and those utilized as economic hedges. Our use of derivative instruments is currently limited to interest rate hedges. These instruments are generally structured as hedges of the variability of cash flows related to forecasted transactions (cash flow hedges). We do not enter into derivative instruments for trading or speculative purposes, where changes in the cash flows of the derivative are not expected to offset changes in cash flows of the hedged item. All derivatives are recognized on the balance sheet at fair value. For those derivative instruments for which we intend to elect hedge accounting, at the time the derivative contract is entered into, we document all relationships between hedging instruments and hedged items, as well as our risk-management objective and strategy for undertaking the various hedge transactions. This process includes linking all derivatives designated as cash flow hedges to specific assets and liabilities on the consolidated balance sheet or to specific forecasted transactions. We also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivatives used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">To the extent our derivatives are effective in offsetting the variability of the hedged cash flows, and otherwise meet the cash flow hedge accounting criteria in accordance with </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">United States generally accepted accounting principals (“U.S. GAAP”)</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, changes in the derivatives’ fair value are not included in current earnings but are included in accumulated other comprehensive income (loss), net of tax. These changes in fair value will be reclassified into earnings at the time of the forecasted transaction. Ineffectiveness measured in the hedging relationship is recorded in earnings in the period in which it occurs.</font></div></div>
	us-gaap	Revenue Recognition Leases RevenueRecognitionLeases	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Revenue Recognition</font></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Rental Revenue</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">For those net leases that provide for periodic and determinable increases in base rent, base rental revenue is recognized on a straight-line basis over the applicable lease term when collectability is reasonably assured. Recognizing rental income on a straight-line basis generally results in recognized revenues during the first half of a lease term exceeding the cash amounts contractually due from our tenants, creating a deferred rent receivable. Lease origination fees are deferred and amortized over the related lease term as an adjustment to rental revenue. Taxes </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">collected from lessees and remitted to governmental authorities are presented on a net basis within rental revenue in our consolidated statements of income and comprehensive income.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">For those leases that provide for periodic increases in base rent only if certain revenue parameters or other substantive contingencies are met, the increased rental revenue is recognized as the related parameters or contingencies are met, rather than on a straight-line basis over the applicable lease term.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Income from rent, lease termination fees and all other income is recognized when all of the following criteria are met in accordance with Securities and Exchange Commissions (“SEC”) Staff Accounting Bulletin 104: (i) the applicable agreement has been fully executed and delivered; (ii) services have been rendered; (iii) the amount is fixed or determinable; and (iv) collectability is reasonably assured.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">We assess the collectability of our lease receivables, including deferred rent receivables. We base our assessment of the collectability of rent receivables (other than deferred rent receivables) on several factors, including payment history, the financial strength of the tenant and any guarantors, the value of the underlying collateral, if any, and current economic conditions. If our evaluation of these factors indicates it is probable that we will be unable to recover the full value of the receivable, we provide a reserve against the portion of the receivable that we estimate may not be recovered. We also base our assessment of the collectability of deferred rent receivables on several factors, including among other things, the financial strength of the tenant and any guarantors, the historical operations and operating trends of the property, the historical payment pattern of the tenant and the type of property. If our evaluation of these factors indicates it is probable that we will be unable to receive the rent payments due in the future, we provide a reserve against the recognized deferred rent receivable asset for the portion, up to its full value, that we estimate may not be recovered. If we change our assumptions or estimates regarding the collectability of future rent payments required by a lease, we may adjust our reserve or reduce the rental revenue recognized in the period we make such change in our assumptions or estimates.</font></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Restaurant Revenue</font></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Restaurant revenue represents food, beverage, and other products sold and is presented net of the following discounts: coupons, employee meals, complimentary meals and gift cards. Revenue from restaurant sales is recognized when food and beverage products are sold. We recognize sales from our gift cards when the gift card is redeemed by the customer. Sales taxes collected from customers and remitted to governmental authorities are presented on a net basis within restaurant revenue on our consolidated statements of income.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the reporting period. The estimates and assumptions used in the accompanying consolidated financial statements are based on management’s evaluation of the relevant facts and circumstances as of the date of the combination. Actual results may differ from the estimates and assumptions used in preparing the accompanying consolidated financial statements, and such differences could be material.</font></div></div>

Files In Submission

Name	View Source	Status
0001650132-17-000013-index-headers.html	Edgar Link	pending
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0001650132-17-000013.txt	Edgar Link	pending
0001650132-17-000013-xbrl.zip	Edgar Link	pending
fcpt-20170930.xml	Edgar Link	completed
fcpt-20170930.xsd	Edgar Link	pending
fcpt-20170930_cal.xml	Edgar Link	unprocessable
fcpt-20170930_def.xml	Edgar Link	unprocessable
fcpt-20170930_lab.xml	Edgar Link	unprocessable
fcpt-20170930_pre.xml	Edgar Link	unprocessable
fcptq3201710-q.htm	Edgar Link	pending
fcptq3201710-qexhibit31a.htm	Edgar Link	pending
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fcptq3201710-qexhibit32a.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
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2017 Q4 Form 10-Q Financial Statement

#000165013217000013 Filed on November 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

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$FCPT Four Corners Property Trust, Inc. Stock $fcpt

2017 Q4 Form 10-Q Financial Statement

#000165013217000013 Filed on November 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FCPT
Four Corners Property Trust, Inc. Stock $fcpt