$PCH
POTLATCHDELTIC CORP

2022 Q1 Form 10-Q Financial Statement

#000095017022006671 Filed on April 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $411.4M $354.2M
YoY Change 16.14% 69.57%
Cost Of Revenue $179.8M $169.3M
YoY Change 6.23% -1.59%
Gross Profit $231.5M $184.9M
YoY Change 25.21% 401.96%
Gross Profit Margin 56.28% 52.2%
Selling, General & Admin $16.29M $16.76M
YoY Change -2.77% 18.01%
% of Gross Profit 7.04% 9.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.87M $18.40M
YoY Change 8.02% -3.39%
% of Gross Profit 8.58% 9.95%
Operating Expenses $16.29M $16.76M
YoY Change -2.77% 18.01%
Operating Profit $214.9M $168.1M
YoY Change 27.84% 642.83%
Interest Expense -$2.894M -$3.600M
YoY Change -19.61% -2.7%
% of Operating Profit -1.35% -2.14%
Other Income/Expense, Net -$1.929M -$3.400M
YoY Change -43.26% -5.56%
Pretax Income $195.9M $161.1M
YoY Change 21.6% -681.88%
Income Tax $32.07M $30.04M
% Of Pretax Income 16.36% 18.64%
Net Earnings $163.9M $131.1M
YoY Change 25.0% -878.91%
Net Earnings / Revenue 39.84% 37.02%
Basic Earnings Per Share $2.36 $1.95
Diluted Earnings Per Share $2.35 $1.94
COMMON SHARES
Basic Shares Outstanding 69.42M 67.21M
Diluted Shares Outstanding 69.62M 67.61M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $470.9M $382.0M
YoY Change 23.28% 380.5%
Cash & Equivalents $470.9M $382.0M
Short-Term Investments
Other Short-Term Assets $21.94M $20.96M
YoY Change 4.67% 34.13%
Inventory $67.67M $62.66M
Prepaid Expenses
Receivables $40.09M $41.92M
Other Receivables $0.00 $0.00
Total Short-Term Assets $600.6M $507.6M
YoY Change 18.33% 191.42%
LONG-TERM ASSETS
Property, Plant & Equipment $297.7M $291.5M
YoY Change 2.14% 1.6%
Goodwill
YoY Change
Intangibles $15.30M $16.08M
YoY Change -4.85% -4.62%
Long-Term Investments
YoY Change
Other Assets $87.10M $91.85M
YoY Change -5.17% 2.05%
Total Long-Term Assets $2.133B $2.056B
YoY Change 3.74% 0.85%
TOTAL ASSETS
Total Short-Term Assets $600.6M $507.6M
Total Long-Term Assets $2.133B $2.056B
Total Assets $2.734B $2.564B
YoY Change 6.63% 15.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.42M $15.50M
YoY Change -32.76% 36.14%
Accrued Expenses $42.53M $47.50M
YoY Change -10.47% 38.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $43.53M $40.00M
YoY Change 8.83% -13.04%
Total Short-Term Liabilities $146.6M $164.4M
YoY Change -10.85% 44.12%
LONG-TERM LIABILITIES
Long-Term Debt $715.5M $714.6M
YoY Change 0.12% 0.54%
Other Long-Term Liabilities $31.35M $53.73M
YoY Change -41.65% -76.05%
Total Long-Term Liabilities $746.9M $768.3M
YoY Change -2.8% 8.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $146.6M $164.4M
Total Long-Term Liabilities $746.9M $768.3M
Total Liabilities $1.021B $1.086B
YoY Change -5.95% 31.67%
SHAREHOLDERS EQUITY
Retained Earnings -$147.6M -$212.0M
YoY Change -30.36%
Common Stock $1.852B $1.743B
YoY Change 6.24% 4.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.712B $1.478B
YoY Change
Total Liabilities & Shareholders Equity $2.734B $2.564B
YoY Change 6.63% 15.85%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $163.9M $131.1M
YoY Change 25.0% -878.91%
Depreciation, Depletion And Amortization $19.87M $18.40M
YoY Change 8.02% -3.39%
Cash From Operating Activities $230.3M $170.0M
YoY Change 35.5% 253.08%
INVESTING ACTIVITIES
Capital Expenditures -$17.21M -$11.70M
YoY Change 47.13% 25.81%
Acquisitions
YoY Change
Other Investing Activities -$92.00K -$189.0K
YoY Change -51.32% -87.44%
Cash From Investing Activities -$17.12M -$11.53M
YoY Change 48.51% 4.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000M
YoY Change
Cash From Financing Activities -34.60M -28.08M
YoY Change 23.22% -28.99%
NET CHANGE
Cash From Operating Activities 230.3M 170.0M
Cash From Investing Activities -17.12M -11.53M
Cash From Financing Activities -34.60M -28.08M
Net Change In Cash 178.6M 130.4M
YoY Change 36.99% -5455.83%
FREE CASH FLOW
Cash From Operating Activities $230.3M $170.0M
Capital Expenditures -$17.21M -$11.70M
Free Cash Flow $247.5M $181.7M
YoY Change 36.25% 216.28%

Facts In Submission

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CommonStockSharesIssued
69064000
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
69372000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
69064000
CY2022Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1782940000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1781217000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-147632000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-280910000
CY2021Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1490000
CY2022Q1 us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
3857000
CY2021Q1 us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
5627000
CY2022Q1 us-gaap Pension Expense
PensionExpense
14165000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2056000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1930000
CY2022Q1 pch Loss On Insurance Recoveries On Destroyed Property
LossOnInsuranceRecoveriesOnDestroyedProperty
276000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7518000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-43238000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1712198000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1526133000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2733616000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2535215000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
163880000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
131106000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19874000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18399000
CY2022Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10854000
CY2021Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
8823000
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-2123000
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
291000
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
387000
CY2022Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-21208000
CY2021Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-6713000
CY2022Q1 pch Real Estate Development Expenditures
RealEstateDevelopmentExpenditures
2161000
CY2021Q1 pch Real Estate Development Expenditures
RealEstateDevelopmentExpenditures
2315000
CY2022Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1296000
CY2021Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1421000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
230299000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
169965000
CY2022Q1 pch Payments To Acquire Property Plant And Equipment Additions
PaymentsToAcquirePropertyPlantAndEquipmentAdditions
12566000
CY2021Q1 pch Payments To Acquire Property Plant And Equipment Additions
PaymentsToAcquirePropertyPlantAndEquipmentAdditions
7762000
CY2022Q1 pch Payments For Timberlands Reforestation And Roads
PaymentsForTimberlandsReforestationAndRoads
4648000
CY2021Q1 pch Payments For Timberlands Reforestation And Roads
PaymentsForTimberlandsReforestationAndRoads
3956000
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-92000
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-189000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17122000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11529000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30524000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27484000
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1071000
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-591000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34595000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28075000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
178582000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
130361000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
296772000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
252340000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
475354000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
382701000
CY2022Q1 pch Capital Expenditures Incurred But Not Yet Paid For Property Plant And Equipment
CapitalExpendituresIncurredButNotYetPaidForPropertyPlantAndEquipment
1516000
CY2021Q1 pch Capital Expenditures Incurred But Not Yet Paid For Property Plant And Equipment
CapitalExpendituresIncurredButNotYetPaidForPropertyPlantAndEquipment
2263000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
98000
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
813000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
470918000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
382032000
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
4436000
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
669000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
475354000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
382701000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1526133000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
163880000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2056000
CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-7480000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
43276000
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.44
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
30524000
CY2022Q1 pch Other Transactions Net
OtherTransactionsNet
-103000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1712198000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1304953000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
131106000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1930000
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2953000
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
64107000
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.41
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27484000
CY2021Q1 pch Other Transactions Net
OtherTransactionsNet
-16000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1477549000
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Arial;min-width:fit-content;">General</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;">PotlatchDeltic Corporation and its subsidiaries (collectively referred to in this report as the company, us, we or our) is a leading timberland Real Estate Investment Trust (REIT) with operations in seven states. We are engaged in activities associated with timberland management, including the sale of timber, the management of approximately</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;"> </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;">1.8</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;"> million acres of timberlands and the purchase and sale of timberlands. </span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;">We are also engaged in the manufacturing and sale of wood products and the development of real estate. Our timberlands, real estate development projects and all of our wood products facilities are located within the continental United States. The primary market for our products is the United States. We converted to a REIT effective January 1, 2006.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;"> </span></p>
CY2022Q1 pch Timber And Timberlands Acres Owned
TimberAndTimberlandsAcresOwned
1800000
CY2022Q1 pch Depreciation Depletion And Amortization Excluding Bond Discount And Deferred Loan Fees
DepreciationDepletionAndAmortizationExcludingBondDiscountAndDeferredLoanFees
19502000
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Arial;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;">The preparation of our </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;text-decoration:underline;font-size:10.0pt;font-family:Arial;font-style:italic;min-width:fit-content;">Condensed Consolidated Financial Statements</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;"> in conformity with GAAP requires management to make estimates and requires judgments affecting the amounts reported in the financial statements and the accompanying notes.</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;min-width:fit-content;">Actual results may differ materially from our estimates.</span></p>
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
403500000
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
411350000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
354193000
CY2022Q1 pch Adjusted Earnings Before Interest Tax Depreciation Depletion And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationDepletionAndAmortization
245562000
CY2021Q1 pch Adjusted Earnings Before Interest Tax Depreciation Depletion And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationDepletionAndAmortization
194986000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2894000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3574000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
161145000
CY2022Q1 pch Bond Discounts And Deferred Loan Fees
BondDiscountsAndDeferredLoanFees
372000
CY2021Q1 pch Bond Discounts And Deferred Loan Fees
BondDiscountsAndDeferredLoanFees
403000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19874000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18399000
CY2022Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10854000
CY2021Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
8823000
CY2021Q1 pch Depreciation Depletion And Amortization Excluding Bond Discount And Deferred Loan Fees
DepreciationDepletionAndAmortizationExcludingBondDiscountAndDeferredLoanFees
17996000
CY2022Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10854000
CY2021Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
8823000
CY2022Q1 pch Gain On Insurance Recoveries On Destroyed Property
GainOnInsuranceRecoveriesOnDestroyedProperty
-276000
CY2022Q1 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
14165000
CY2022Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1929000
CY2021Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
3414000
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-3000
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
34000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
195945000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69419000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67207000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69623000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67607000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114400
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
63000
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
59500000
CY2022Q1 pch Inventory Logs
InventoryLogs
32794000
CY2021Q4 pch Inventory Logs
InventoryLogs
41199000
CY2022Q1 pch Inventory Lumber And Other Manufactured Wood Products
InventoryLumberAndOtherManufacturedWoodProducts
37539000
CY2021Q4 pch Inventory Lumber And Other Manufactured Wood Products
InventoryLumberAndOtherManufacturedWoodProducts
34528000
CY2022Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
18478000
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
17780000
CY2022Q1 us-gaap Inventory Gross
InventoryGross
88811000
CY2021Q4 us-gaap Inventory Gross
InventoryGross
93507000
CY2022Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
21138000
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
21138000
CY2022Q1 us-gaap Inventory Net
InventoryNet
67673000
CY2021Q4 us-gaap Inventory Net
InventoryNet
72369000
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
545163000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
532324000
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
247453000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
240004000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
297710000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
292320000
CY2022Q1 pch Timber And Timberlands Net Of Depletion
TimberAndTimberlandsNetOfDepletion
1586628000
CY2021Q4 pch Timber And Timberlands Net Of Depletion
TimberAndTimberlandsNetOfDepletion
1597011000
CY2022Q1 pch Logging Roads
LoggingRoads
84702000
CY2021Q4 pch Logging Roads
LoggingRoads
85660000
CY2022Q1 pch Timber And Timberlands Net
TimberAndTimberlandsNet
1671330000
CY2021Q4 pch Timber And Timberlands Net
TimberAndTimberlandsNet
1682671000
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
35421000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1134000
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19084000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28944000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
10419000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
12749000
CY2022Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
9671000
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
8392000
CY2022Q1 pch Other Accrued Taxes Current
OtherAccruedTaxesCurrent
7310000
CY2021Q4 pch Other Accrued Taxes Current
OtherAccruedTaxesCurrent
5714000
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
4468000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6046000
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15216000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15230000
CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
101589000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
78209000
CY2022Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1400000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2894000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3574000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7794000
CY2022Q1 pch Deferred Compensation Stock Equivalent Units Expense Income
DeferredCompensationStockEquivalentUnitsExpenseIncome
49000
CY2021Q1 pch Deferred Compensation Stock Equivalent Units Expense Income
DeferredCompensationStockEquivalentUnitsExpenseIncome
41000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2056000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1930000
CY2022Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
100000
CY2021Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
89000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8514000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
10012000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
10663000
CY2022Q1 pch Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
17806000
CY2021Q4 pch Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
19177000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2845000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3021000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3550000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3577000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5013000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5598000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6342000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6972000
CY2022Q1 pch Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
17750000
CY2021Q4 pch Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
19168000
CY2022Q1 pch Accumulated Amortization Of Finance Lease Assets
AccumulatedAmortizationOfFinanceLeaseAssets
5500000
CY2021Q4 pch Accumulated Amortization Of Finance Lease Assets
AccumulatedAmortizationOfFinanceLeaseAssets
4500000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
947000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1328000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
929000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
589000
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
67000
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
51000
CY2022Q1 us-gaap Lease Cost
LeaseCost
1943000
CY2021Q1 us-gaap Lease Cost
LeaseCost
1968000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
994000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1368000
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
67000
CY2021Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
51000
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
938000
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
577000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
154000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
124000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
281000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
801000
CY2022Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1300000
CY2021Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1400000

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