XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Revenues $ 86,688,600 $ 86,316,978 $ 65,884,467
Direct Cost of Revenues      
Total Direct Cost of Revenues (19,684,001) (24,494,089) (20,252,943)
General and Administrative Expenses (9,785,370) (10,252,610) (10,297,877)
Impairment Charges     (2,180,730)
Depreciation and Amortization (15,761,523) (12,314,700) (7,929,343)
Total Operating Expenses (45,230,894) (47,061,399) (40,660,893)
Gain on Disposition of Assets 22,035,666 38 12,758,770
Total Operating Income 63,493,372 39,255,617 37,982,344
Investment Income (Loss) 52,221 37,985 (529,981)
Interest Expense (10,423,286) (8,523,136) (8,753,338)
Income from Continuing Operations Before Income Tax Benefit (Expense) 53,122,307 30,770,466 28,699,025
Income Tax Benefit (Expense) from Continuing Operations (14,162,966) 10,326,298 (12,092,513)
Net Income from Continuing Operations 38,959,341 41,096,764 16,606,512
Income (Loss) from Discontinued Operations (Net of Income Tax)—See Note 22 (1,791,551) 622,660 (407,098)
Net Income 37,167,790 41,719,424 16,199,414
Less: Net Loss Attributable to Noncontrolling Interest in Consolidated VIE     51,834
Net Income Attributable to Consolidated-Tomoka Land Co. $ 37,167,790 $ 41,719,424 $ 16,251,248
Basic      
Net Income from Continuing Operations Attributable to Consolidated-Tomoka Land Co (in dollars per share) $ 7.09 $ 7.42 $ 2.93
Net Income from Discontinued Operations Attributable to Consolidated-Tomoka Land Co. (Net of Income Tax) (in dollars per share) (0.33) 0.11 (0.07)
Basic Net Income per Share (in dollars per share) 6.76 7.53 2.86
Diluted      
Net Income from Continuing Operations Attributable to Consolidated-Tomoka Land Co. (in dollars per share) 7.04 7.37 2.92
Net Income from Discontinued Operations Attributable to Consolidated-Tomoka Land Co. (Net of Income Tax) (in dollars per share) (0.32) 0.11 (0.07)
Diluted Net Income per Share (in dollars per share) 6.72 7.48 2.85
Dividends Declared (in dollars per share) $ 0.27 $ 0.18 $ 0.12
Income Properties      
Revenues      
Revenues $ 40,075,731 $ 31,406,930 $ 25,092,484
Direct Cost of Revenues      
Total Direct Cost of Revenues (8,170,083) (6,917,743) (5,204,863)
Depreciation and Amortization (15,728,095) (12,272,265) (7,872,689)
Commercial Loan Investments      
Revenues      
Revenues 615,728 2,052,689 2,588,235
Real Estate Operations      
Revenues      
Revenues 45,997,141 52,857,359 38,203,748
Direct Cost of Revenues      
Total Direct Cost of Revenues (11,513,918) (17,576,346) (15,048,080)
Agriculture and Other Income      
Direct Cost of Revenues      
Depreciation and Amortization $ (33,428) $ (42,435) $ (56,654)