$PCH
POTLATCHDELTIC CORP

2024 Q2 Form 10-Q Financial Statement

#000095017024052646 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $320.7M $228.1M
YoY Change 30.3% -11.57%
Cost Of Revenue $282.5M $212.2M
YoY Change 31.34% -5.43%
Gross Profit $38.20M $15.97M
YoY Change 23.07% -52.5%
Gross Profit Margin 11.91% 7.0%
Selling, General & Admin $20.75M $20.73M
YoY Change 18.01% 13.7%
% of Gross Profit 54.33% 129.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.67M $30.80M
YoY Change 7.92% -4.26%
% of Gross Profit 77.68% 192.91%
Operating Expenses $20.75M $20.73M
YoY Change 18.01% 13.7%
Operating Profit $17.45M -$4.760M
YoY Change 29.68% -136.13%
Interest Expense -$8.696M $282.0K
YoY Change 14.23% -241.71%
% of Operating Profit -49.85%
Other Income/Expense, Net -$23.00K -$145.0K
YoY Change -179.31% -1550.0%
Pretax Income $8.928M -$4.422M
YoY Change -68.93% -134.67%
Income Tax -$4.750M -$4.117M
% Of Pretax Income -53.2%
Net Earnings $13.68M -$305.0K
YoY Change -38.68% -101.88%
Net Earnings / Revenue 4.27% -0.13%
Basic Earnings Per Share $0.17 $0.00
Diluted Earnings Per Share $0.17 $0.00
COMMON SHARES
Basic Shares Outstanding 79.51M 79.50M
Diluted Shares Outstanding 79.74M 79.68M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.7M $180.2M
YoY Change -39.7% -44.68%
Cash & Equivalents $199.7M $180.2M
Short-Term Investments
Other Short-Term Assets $47.13M $84.84M
YoY Change -18.57% 89.82%
Inventory $80.10M $77.57M
Prepaid Expenses
Receivables $29.98M $27.13M
Other Receivables $0.00 $0.00
Total Short-Term Assets $356.9M $369.7M
YoY Change -27.55% -20.68%
LONG-TERM ASSETS
Property, Plant & Equipment $377.1M $375.9M
YoY Change -86.45% 20.17%
Goodwill
YoY Change
Intangibles $14.75M $15.20M
YoY Change -10.76% -10.48%
Long-Term Investments
YoY Change
Other Assets $180.3M $176.8M
YoY Change -21.65% 10.49%
Total Long-Term Assets $3.022B $3.039B
YoY Change -0.25% 0.18%
TOTAL ASSETS
Total Short-Term Assets $356.9M $369.7M
Total Long-Term Assets $3.022B $3.039B
Total Assets $3.379B $3.409B
YoY Change -4.07% -2.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.76M $11.26M
YoY Change -82.56% -2.19%
Accrued Expenses $50.69M $49.42M
YoY Change 1.99% 9.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $175.7M $175.7M
YoY Change 339.34% 294.34%
Total Short-Term Liabilities $275.7M $260.9M
YoY Change 95.52% 111.79%
LONG-TERM LIABILITIES
Long-Term Debt $858.6M $858.4M
YoY Change -13.56% -13.56%
Other Long-Term Liabilities $35.83M $35.48M
YoY Change -68.92% -0.03%
Total Long-Term Liabilities $894.4M $893.8M
YoY Change -19.31% -13.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $275.7M $260.9M
Total Long-Term Liabilities $894.4M $893.8M
Total Liabilities $1.266B $1.256B
YoY Change -1.76% -1.25%
SHAREHOLDERS EQUITY
Retained Earnings -$398.0M -$351.5M
YoY Change 63.84% 53.63%
Common Stock $2.388B $2.386B
YoY Change 0.42% 0.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.113B $2.153B
YoY Change
Total Liabilities & Shareholders Equity $3.379B $3.409B
YoY Change -4.07% -2.6%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $13.68M -$305.0K
YoY Change -38.68% -101.88%
Depreciation, Depletion And Amortization $29.67M $30.80M
YoY Change 7.92% -4.26%
Cash From Operating Activities $100.6M $16.03M
YoY Change 170.25% -59.05%
INVESTING ACTIVITIES
Capital Expenditures $26.55M $12.87M
YoY Change 153.42% 24.06%
Acquisitions
YoY Change
Other Investing Activities $7.188M -$373.0K
YoY Change 60.81% -11.61%
Cash From Investing Activities -$19.36M -$37.00M
YoY Change 222.34% 655.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.03M -36.57M
YoY Change 62.87% -0.62%
NET CHANGE
Cash From Operating Activities 100.6M 16.03M
Cash From Investing Activities -19.36M -37.00M
Cash From Financing Activities -61.03M -36.57M
Net Change In Cash 20.19M -57.54M
YoY Change -422.74% 2150.22%
FREE CASH FLOW
Cash From Operating Activities $100.6M $16.03M
Capital Expenditures $26.55M $12.87M
Free Cash Flow $74.03M $3.160M
YoY Change 176.84% -89.01%

Facts In Submission

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CY2024Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2961000
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1945000
CY2024Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
13252000
CY2023Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
17205000
CY2024Q1 pch Real Estate Development Expenditures
RealEstateDevelopmentExpenditures
1135000
CY2023Q1 pch Real Estate Development Expenditures
RealEstateDevelopmentExpenditures
2408000
CY2024Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
914000
CY2023Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1087000
CY2024Q1 pch Proceeds From Insurance Recoveries
ProceedsFromInsuranceRecoveries
1680000
CY2023Q1 pch Proceeds From Insurance Recoveries
ProceedsFromInsuranceRecoveries
0
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16029000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39139000
CY2024Q1 pch Payments To Acquire Property Plant And Equipment Additions
PaymentsToAcquirePropertyPlantAndEquipmentAdditions
4995000
CY2023Q1 pch Payments To Acquire Property Plant And Equipment Additions
PaymentsToAcquirePropertyPlantAndEquipmentAdditions
4255000
CY2024Q1 pch Payments For Timberlands Reforestation And Roads
PaymentsForTimberlandsReforestationAndRoads
7874000
CY2023Q1 pch Payments For Timberlands Reforestation And Roads
PaymentsForTimberlandsReforestationAndRoads
6118000
CY2024Q1 us-gaap Payments To Acquire Timberlands
PaymentsToAcquireTimberlands
31438000
CY2023Q1 us-gaap Payments To Acquire Timberlands
PaymentsToAcquireTimberlands
0
CY2024Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
6938000
CY2023Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
5055000
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-373000
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-422000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36996000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4896000
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35779000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35962000
CY2024Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-792000
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-838000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-36571000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-36800000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-57538000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2557000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
237688000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
345591000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
180150000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
343034000
CY2024Q1 pch Capital Expenditures Incurred But Not Yet Paid For Property Plant And Equipment
CapitalExpendituresIncurredButNotYetPaidForPropertyPlantAndEquipment
10401000
CY2023Q1 pch Capital Expenditures Incurred But Not Yet Paid For Property Plant And Equipment
CapitalExpendituresIncurredButNotYetPaidForPropertyPlantAndEquipment
1835000
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1028000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1041000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
180150000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
325632000
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
0
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
17402000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
180150000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
343034000
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
14000000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2171098000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-305000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2560000
CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
229000
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
15925000
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
35779000
CY2024Q1 pch Other Transactions Net
OtherTransactionsNet
2000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
2153272000
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
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">General</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;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 nine states. We are engaged in activities associated with timberland management, including the sale of timber, the management of nearly</span><span style="color:#ff0000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">2.2</span><span style="color:#ff0000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">million acres of timberlands and the purchase and sale of timberlands. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;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:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p>
CY2024Q1 pch Timber And Timberlands Acres Owned
TimberAndTimberlandsAcresOwned
2200000
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">Use of Estimates</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">The preparation of our </span><span style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:10pt;font-family:Arial;font-style:italic;min-width:fit-content;">Condensed Consolidated Financial Statements</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;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 </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">notes. Actual results may differ materially from our estimates.</span></p>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">Reclassifications</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">Certain prior period reclassifications were made to conform with the current period presentation. These reclassifications had no effect on reported net income (loss), net income (loss) per share, comprehensive income (loss), cash flows, total assets, total liabilities, or shareholders' equity as previously reported.</span></p>
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
228127000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
257962000
CY2024Q1 pch Adjusted Earnings Before Interest Tax Depreciation Depletion And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationDepletionAndAmortization
29722000
CY2023Q1 pch Adjusted Earnings Before Interest Tax Depreciation Depletion And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationDepletionAndAmortization
57777000
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
282000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-199000
CY2024Q1 pch Depreciation Depletion And Amortization Excluding Bond Discount And Deferred Loan Fees
DepreciationDepletionAndAmortizationExcludingBondDiscountAndDeferredLoanFees
30395000
CY2023Q1 pch Depreciation Depletion And Amortization Excluding Bond Discount And Deferred Loan Fees
DepreciationDepletionAndAmortizationExcludingBondDiscountAndDeferredLoanFees
31764000
CY2024Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
4092000
CY2023Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10631000
CY2024Q1 pch Asset Acquisition Merger Related Expenses
AssetAcquisitionMergerRelatedExpenses
0
CY2023Q1 pch Asset Acquisition Merger Related Expenses
AssetAcquisitionMergerRelatedExpenses
2209000
CY2024Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-201000
CY2023Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
228000
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
5000
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-145000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4422000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12756000
CY2024Q1 pch Bond Discounts And Deferred Loan Fees
BondDiscountsAndDeferredLoanFees
407000
CY2023Q1 pch Bond Discounts And Deferred Loan Fees
BondDiscountsAndDeferredLoanFees
409000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30802000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32173000
CY2024Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
4092000
CY2023Q1 pch Real Estate Cost Of Sales
RealEstateCostOfSales
10631000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79677000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80027000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79677000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80167000
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
421500
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
134000
CY2024Q1 pch Inventory Logs
InventoryLogs
31379000
CY2023Q4 pch Inventory Logs
InventoryLogs
39011000
CY2024Q1 pch Inventory Lumber And Other Manufactured Wood Products
InventoryLumberAndOtherManufacturedWoodProducts
39613000
CY2023Q4 pch Inventory Lumber And Other Manufactured Wood Products
InventoryLumberAndOtherManufacturedWoodProducts
34621000
CY2024Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
25260000
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
23713000
CY2024Q1 us-gaap Inventory Gross
InventoryGross
96252000
CY2023Q4 us-gaap Inventory Gross
InventoryGross
97345000
CY2024Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
18680000
CY2023Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
18680000
CY2024Q1 us-gaap Inventory Net
InventoryNet
77572000
CY2023Q4 us-gaap Inventory Net
InventoryNet
78665000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
697182000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
681914000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
321291000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
309082000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
375891000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
372832000
CY2024Q1 pch Timber And Timberlands Net Of Depletion
TimberAndTimberlandsNetOfDepletion
2324815000
CY2023Q4 pch Timber And Timberlands Net Of Depletion
TimberAndTimberlandsNetOfDepletion
2347300000
CY2024Q1 pch Logging Roads
LoggingRoads
91003000
CY2023Q4 pch Logging Roads
LoggingRoads
93098000
CY2024Q1 pch Timber And Timberlands Net
TimberAndTimberlandsNet
2415818000
CY2023Q4 pch Timber And Timberlands Net
TimberAndTimberlandsNet
2440398000
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16692000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24473000
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
11258000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
12521000
CY2024Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
8000000
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
10455000
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
7222000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
5712000
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
6836000
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
8344000
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
30689000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
20878000
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
80697000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
82383000
CY2024Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000000000
CY2024Q1 pch Long Term Debt Current Including Debt Issuance Costs
LongTermDebtCurrentIncludingDebtIssuanceCosts
175700000
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
282000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-199000
CY2024Q1 pch Amortization Of Off Market Designated Hedge
AmortizationOfOffMarketDesignatedHedge
2600000
CY2023Q1 pch Amortization Of Off Market Designated Hedge
AmortizationOfOffMarketDesignatedHedge
2500000
CY2024Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
19600000
CY2024Q1 pch Deferred Compensation Stock Equivalent Units Expense Income
DeferredCompensationStockEquivalentUnitsExpenseIncome
49000
CY2023Q1 pch Deferred Compensation Stock Equivalent Units Expense Income
DeferredCompensationStockEquivalentUnitsExpenseIncome
49000
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2560000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2279000
CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
159000
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
122000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9810000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10169000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
11895000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
11281000
CY2024Q1 pch Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
21705000
CY2023Q4 pch Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
21450000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2573000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2575000
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4797000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4525000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7181000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7590000
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6996000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6699000
CY2024Q1 pch Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
21547000
CY2023Q4 pch Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
21389000
CY2024Q1 pch Accumulated Amortization Of Finance Lease Assets
AccumulatedAmortizationOfFinanceLeaseAssets
10800000
CY2023Q4 pch Accumulated Amortization Of Finance Lease Assets
AccumulatedAmortizationOfFinanceLeaseAssets
9600000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
839000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
886000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1269000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1231000
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
134000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
111000
CY2024Q1 us-gaap Lease Cost
LeaseCost
2242000
CY2023Q1 us-gaap Lease Cost
LeaseCost
2228000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
887000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
891000
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
134000
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
111000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1312000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1237000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
393000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1831000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
526000
CY2024Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
900000
CY2023Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1100000

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