Deltic Timber Corporation 2012 Annual Report 1 Highlights
Deltic Timber Corporation 2012 Annual Report 1 Highlights 2 To Our Shareholders 4 Woodlands 6 Mills 8 Real Estate 10 Financial Review 11 Statistical Summary 12 Directors and Officers Form 10-K IBC Corporation Information Financial (Thousands of dollars, except per-share amounts) For the Year 2012 2011 2010 Deltic Timber Corporation is Net sales $ 140,908 121,847 141,623 a vertically integrated natural Operating income $ 17,132 7,459 17,909 Net income $ 9,235 2,659 12,397 resources company focused Earnings per common share $ 0.73 0.21 0.99 Net cash provided by on the efficient and operating activities $ 24,082 14,639 28,898 environmentally responsible Capital expenditures $ 24,034 15,697 15,568 management of its land At Year-End holdings. The Company Working capital $ 5,566 3,618 2,520 Total assets $ 353,209 341,870 343,273 owns 453,200 acres of Long-term debt $ 63,000 64,000 65,611 timberland, operates two Stockholders’ equity $ 232,230 227,123 230,011 Common shares sawmills, and is engaged in outstanding (thousands) 12,672 12,606 12,505 real estate development. Headquartered in Operating El Dorado, Arkansas, the Pine sawtimber harvested Company’s operations are from fee land (tons) 606,879 606,311 609,867 Pine sawtimber located primarily in Arkansas sales price (per ton) $ 22 23 27 Lumber sales (MBF) 272,875 254,291 270,834 and north Louisiana. Lumber sales price (per MBF) $ 309 254 290 Residential lot sales (lots) 50 31 28 Residential lot sales price (per lot) $ 69,600 63,500 81,400 Commercial acreage sales (acres) – 27.4 19.0 Commercial acreage sales price (per acre) $ – 116,700 334,000 To Our Shareholders With an improving housing environment, Deltic created additional shareholder value with its strategic vertical integration of land-based and manufacturing assets.
[Show full text]