$PCH
POTLATCHDELTIC CORP

2023 Q2 Form 10-Q Financial Statement

#000095017023015572 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $246.1M $258.0M
YoY Change -31.56% -37.29%
Cost Of Revenue $215.1M $224.4M
YoY Change 12.4% 24.74%
Gross Profit $31.04M $33.61M
YoY Change -81.55% -85.48%
Gross Profit Margin 12.61% 13.03%
Selling, General & Admin $17.59M $18.23M
YoY Change -13.85% 11.88%
% of Gross Profit 56.66% 54.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.50M $32.17M
YoY Change 34.92% 61.88%
% of Gross Profit 88.59% 95.72%
Operating Expenses $17.59M $18.23M
YoY Change -13.85% 11.88%
Operating Profit $13.45M $13.17M
YoY Change -91.47% -93.87%
Interest Expense -$7.613M -$199.0K
YoY Change 2.61% -93.12%
% of Operating Profit -56.59% -1.51%
Other Income/Expense, Net $29.00K $10.00K
YoY Change -101.6% -100.52%
Pretax Income $28.74M $12.76M
YoY Change -80.65% -93.49%
Income Tax $6.429M -$3.504M
% Of Pretax Income 22.37% -27.47%
Net Earnings $22.31M $16.26M
YoY Change -81.45% -90.08%
Net Earnings / Revenue 9.06% 6.3%
Basic Earnings Per Share $0.28 $0.20
Diluted Earnings Per Share $0.28 $0.20
COMMON SHARES
Basic Shares Outstanding 79.92M 79.68M
Diluted Shares Outstanding 80.42M 80.17M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $331.2M $325.6M
YoY Change -35.2% -30.85%
Cash & Equivalents $331.2M $325.6M
Short-Term Investments
Other Short-Term Assets $57.88M $44.70M
YoY Change 81.81% 103.75%
Inventory $70.66M $66.19M
Prepaid Expenses
Receivables $32.90M $29.57M
Other Receivables $0.00 $0.00
Total Short-Term Assets $492.7M $466.1M
YoY Change -24.35% -22.4%
LONG-TERM ASSETS
Property, Plant & Equipment $2.783B $312.8M
YoY Change 783.95% 5.07%
Goodwill
YoY Change
Intangibles $16.53M $16.98M
YoY Change 9.46% 10.98%
Long-Term Investments
YoY Change
Other Assets $230.1M $160.0M
YoY Change 82.13% 83.73%
Total Long-Term Assets $3.030B $3.034B
YoY Change 36.43% 42.23%
TOTAL ASSETS
Total Short-Term Assets $492.7M $466.1M
Total Long-Term Assets $3.030B $3.034B
Total Assets $3.522B $3.500B
YoY Change 22.65% 28.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $96.09M $11.51M
YoY Change 591.42% 10.47%
Accrued Expenses $49.69M $44.96M
YoY Change -10.07% 5.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $39.99M $44.54M
YoY Change -9.78% 2.32%
Total Short-Term Liabilities $141.0M $123.2M
YoY Change -9.12% -15.96%
LONG-TERM LIABILITIES
Long-Term Debt $993.3M $993.0M
YoY Change 38.77% 38.78%
Other Long-Term Liabilities $115.3M $35.49M
YoY Change 360.62% 13.19%
Total Long-Term Liabilities $1.109B $1.028B
YoY Change 49.65% 37.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $141.0M $123.2M
Total Long-Term Liabilities $1.109B $1.028B
Total Liabilities $1.289B $1.272B
YoY Change 25.36% 24.48%
SHAREHOLDERS EQUITY
Retained Earnings -$242.9M -$228.8M
YoY Change 291.3% 54.96%
Common Stock $2.379B $2.377B
YoY Change 28.24% 28.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.233B $2.228B
YoY Change
Total Liabilities & Shareholders Equity $3.522B $3.500B
YoY Change 22.65% 28.03%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $22.31M $16.26M
YoY Change -81.45% -90.08%
Depreciation, Depletion And Amortization $27.50M $32.17M
YoY Change 34.92% 61.88%
Cash From Operating Activities $37.22M $39.14M
YoY Change -74.83% -83.01%
INVESTING ACTIVITIES
Capital Expenditures $10.48M $10.37M
YoY Change -137.48% -160.26%
Acquisitions
YoY Change
Other Investing Activities $4.470M -$422.0K
YoY Change -110.23% 358.7%
Cash From Investing Activities -$6.006M -$4.896M
YoY Change -91.62% -71.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -37.47M -36.80M
YoY Change 4.95% 6.37%
NET CHANGE
Cash From Operating Activities 37.22M 39.14M
Cash From Investing Activities -6.006M -4.896M
Cash From Financing Activities -37.47M -36.80M
Net Change In Cash -6.257M -2.557M
YoY Change -115.43% -101.43%
FREE CASH FLOW
Cash From Operating Activities $37.22M $39.14M
Capital Expenditures $10.48M $10.37M
Free Cash Flow $26.74M $28.77M
YoY Change -84.79% -88.38%

Facts In Submission

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CY2022Q1 pch Loss On Insurance Recoveries On Destroyed Property
LossOnInsuranceRecoveriesOnDestroyedProperty
276000
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3509000
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
291000
CY2023Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
17205000
CY2022Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
21208000
CY2023Q1 pch Real Estate Development Expenditures
RealEstateDevelopmentExpenditures
2408000
CY2022Q1 pch Real Estate Development Expenditures
RealEstateDevelopmentExpenditures
2161000
CY2023Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1087000
CY2022Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1296000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39139000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
230299000
CY2023Q1 pch Payments To Acquire Property Plant And Equipment Additions
PaymentsToAcquirePropertyPlantAndEquipmentAdditions
4255000
CY2022Q1 pch Payments To Acquire Property Plant And Equipment Additions
PaymentsToAcquirePropertyPlantAndEquipmentAdditions
12566000
CY2023Q1 pch Payments For Timberlands Reforestation And Roads
PaymentsForTimberlandsReforestationAndRoads
6118000
CY2022Q1 pch Payments For Timberlands Reforestation And Roads
PaymentsForTimberlandsReforestationAndRoads
4648000
CY2023Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
5055000
CY2022Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-422000
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-92000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4896000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17122000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35962000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30524000
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-838000
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1071000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-36800000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34595000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2557000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
178582000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
345591000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
296772000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
343034000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
475354000
CY2023Q1 pch Capital Expenditures Incurred But Not Yet Paid For Property Plant And Equipment
CapitalExpendituresIncurredButNotYetPaidForPropertyPlantAndEquipment
1835000
CY2022Q1 pch Capital Expenditures Incurred But Not Yet Paid For Property Plant And Equipment
CapitalExpendituresIncurredButNotYetPaidForPropertyPlantAndEquipment
1516000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1041000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
98000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
325632000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
470918000
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
17402000
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
4436000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
343034000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
475354000
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
14000000.0
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2263153000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
16260000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2279000
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-131000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-17335000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
35962000
CY2023Q1 pch Other Transactions Net
OtherTransactionsNet
-1000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2228263000
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
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Arial&quot;, sans-serif;min-width:fit-content;">General</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Arial&quot;, sans-serif;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 nine states. We are engaged in activities associated with timberland management, including the sale of timber, the management of nearly</span><span style="background-color:rgba(0,0,0,0);color:rgba(255,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> </span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;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:&quot;Arial&quot;, sans-serif;min-width:fit-content;">2.2</span><span style="background-color:rgba(0,0,0,0);color:rgba(255,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;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:&quot;Arial&quot;, sans-serif;min-width:fit-content;">million acres of timberlands and the purchase and sale of timberlands. </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:&quot;Arial&quot;, sans-serif;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:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> </span></p>
CY2023Q1 pch Timber And Timberlands Acres Owned
TimberAndTimberlandsAcresOwned
2200000
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Arial&quot;, sans-serif;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Arial&quot;, sans-serif;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:&quot;Arial&quot;, sans-serif;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:&quot;Arial&quot;, sans-serif;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 </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:&quot;Arial&quot;, sans-serif;min-width:fit-content;">notes. Actual results may differ materially from our estimates.</span></p>
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
257962000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
411350000
CY2023Q1 pch Adjusted Earnings Before Interest Tax Depreciation Depletion And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationDepletionAndAmortization
57777000
CY2022Q1 pch Adjusted Earnings Before Interest Tax Depreciation Depletion And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationDepletionAndAmortization
245562000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-199000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2894000
CY2023Q1 pch Depreciation Depletion And Amortization Excluding Bond Discount And Deferred Loan Fees
DepreciationDepletionAndAmortizationExcludingBondDiscountAndDeferredLoanFees
31764000
CY2022Q1 pch Depreciation Depletion And Amortization Excluding Bond Discount And Deferred Loan Fees
DepreciationDepletionAndAmortizationExcludingBondDiscountAndDeferredLoanFees
19502000
CY2023Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10631000
CY2022Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10854000
CY2023Q1 pch Asset Acquisition Merger Related Expenses
AssetAcquisitionMergerRelatedExpenses
2209000
CY2022Q1 pch Asset Acquisition Merger Related Expenses
AssetAcquisitionMergerRelatedExpenses
0
CY2023Q1 pch Gain On Insurance Recoveries On Destroyed Property
GainOnInsuranceRecoveriesOnDestroyedProperty
0
CY2022Q1 pch Gain On Insurance Recoveries On Destroyed Property
GainOnInsuranceRecoveriesOnDestroyedProperty
-276000
CY2023Q1 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
0
CY2022Q1 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
14165000
CY2023Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
228000
CY2022Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1929000
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12756000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
195945000
CY2023Q1 pch Bond Discounts And Deferred Loan Fees
BondDiscountsAndDeferredLoanFees
409000
CY2022Q1 pch Bond Discounts And Deferred Loan Fees
BondDiscountsAndDeferredLoanFees
372000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32173000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19874000
CY2023Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10631000
CY2022Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10854000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80027000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69419000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80167000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69623000
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
134000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114400
CY2023Q1 pch Inventory Logs
InventoryLogs
24428000
CY2022Q4 pch Inventory Logs
InventoryLogs
30586000
CY2023Q1 pch Inventory Lumber And Other Manufactured Wood Products
InventoryLumberAndOtherManufacturedWoodProducts
38526000
CY2022Q4 pch Inventory Lumber And Other Manufactured Wood Products
InventoryLumberAndOtherManufacturedWoodProducts
35888000
CY2023Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
23013000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
21262000
CY2023Q1 us-gaap Inventory Gross
InventoryGross
85967000
CY2022Q4 us-gaap Inventory Gross
InventoryGross
87736000
CY2023Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
19778000
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
19778000
CY2023Q1 us-gaap Inventory Net
InventoryNet
66189000
CY2022Q4 us-gaap Inventory Net
InventoryNet
67958000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
594574000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
588935000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
281783000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
270751000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
312791000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
318184000
CY2022 pch Proceeds From Insurance Of Claim Received
ProceedsFromInsuranceOfClaimReceived
50000000.0
CY2023Q1 pch Proceeds From Insurance Of Claim Received
ProceedsFromInsuranceOfClaimReceived
0
CY2023Q1 pch Timber And Timberlands Net Of Depletion
TimberAndTimberlandsNetOfDepletion
2397681000
CY2022Q4 pch Timber And Timberlands Net Of Depletion
TimberAndTimberlandsNetOfDepletion
2416134000
CY2023Q1 pch Logging Roads
LoggingRoads
91275000
CY2022Q4 pch Logging Roads
LoggingRoads
92238000
CY2023Q1 pch Timber And Timberlands Net
TimberAndTimberlandsNet
2488956000
CY2022Q4 pch Timber And Timberlands Net
TimberAndTimberlandsNet
2508372000
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15920000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29051000
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
11510000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
12241000
CY2023Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
8606000
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
10860000
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
6603000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7778000
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
8629000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
7161000
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
27000000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
27770000
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
78268000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
94861000
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000000000.0
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-199000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2894000
CY2023Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
15600000
CY2023Q1 pch Deferred Compensation Stock Equivalent Units Expense Income
DeferredCompensationStockEquivalentUnitsExpenseIncome
49000
CY2022Q1 pch Deferred Compensation Stock Equivalent Units Expense Income
DeferredCompensationStockEquivalentUnitsExpenseIncome
49000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2279000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2056000
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
122000
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
100000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8497000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9306000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
12416000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13213000
CY2023Q1 pch Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
20913000
CY2022Q4 pch Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
22519000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2293000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2570000
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4559000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4834000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6199000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6716000
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7626000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8179000
CY2023Q1 pch Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
20677000
CY2022Q4 pch Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
22299000
CY2023Q1 pch Accumulated Amortization Of Finance Lease Assets
AccumulatedAmortizationOfFinanceLeaseAssets
9000000.0
CY2022Q4 pch Accumulated Amortization Of Finance Lease Assets
AccumulatedAmortizationOfFinanceLeaseAssets
7900000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
886000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
947000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1231000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
929000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
111000
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
67000
CY2023Q1 us-gaap Lease Cost
LeaseCost
2228000
CY2022Q1 us-gaap Lease Cost
LeaseCost
1943000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
891000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
994000
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
111000
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
67000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1237000
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
938000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
154000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
526000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
281000
CY2023Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1100000
CY2022Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1300000

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0000950170-23-015572.txt Edgar Link pending
0000950170-23-015572-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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pch-20230331.htm Edgar Link pending
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pch-ex31.htm Edgar Link pending
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