Ares Commercial Real Estate Corporation (ACRE) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
245 PARK AVENUE NEW YORK, NY 10167 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 77 | 26 | 14 | 51 | 16 | 76 | 98 | ||
| Cash and cash equivalents | 77 | 26 | 14 | 51 | 16 | 76 | 98 | ||
| Receivables | (46) | (28) | (20) | (24) | (23) | (17) | (21) | ||
| Total current assets: | 31 | (2) | (7) | 27 | (7) | 59 | 77 | ||
| Noncurrent Assets | |||||||||
| Other undisclosed assets | 2,696 | 2,698 | 2,522 | 2,605 | 2,474 | 2,198 | 2,014 | ||
| TOTAL ASSETS: | 2,727 | 2,696 | 2,516 | 2,632 | 2,467 | 2,257 | 2,091 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,960 | 1,910 | 1,826 | 1,953 | 1,794 | 1,578 | 1,515 | ||
| Total liabilities: | 1,960 | 1,910 | 1,826 | 1,953 | 1,794 | 1,578 | 1,515 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 767 | 786 | 689 | 679 | 673 | 679 | 576 | ||
| Common stock | 1 | 1 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 812 | 811 | 708 | 704 | 701 | 701 | 599 | ||
| Accumulated other comprehensive income | 11 | 12 | 10 | 3 | 0 | 0 | 0 | ||
| Accumulated deficit | (57) | (38) | (29) | (29) | (29) | (23) | (24) | ||
| Total stockholders' equity: | 767 | 786 | 689 | 679 | 673 | 679 | 576 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,727 | 2,696 | 2,516 | 2,632 | 2,467 | 2,257 | 2,091 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27 | 25 | 24 | 30 | 27 | 24 | 21 | |
| Net investment income | 46 | 39 | 33 | 38 | 34 | 31 | 31 | |
| Cost of revenue | (0) | (6) | ||||||
| Provision for loan, lease, and other losses | (6) | |||||||
| Gross profit: | 27 | 25 | 24 | 30 | 21 | 24 | 21 | |
| Operating expenses | (1) | (2) | (2) | (1) | (1) | (1) | (1) | |
| Operating income: | 26 | 24 | 22 | 29 | 20 | 22 | 20 | |
| Interest and debt expense | (18) | (13) | (12) | (14) | (13) | (11) | (2) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 7 | (2) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 7 | 10 | 10 | 15 | 7 | 18 | 16 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (7) | 0 | 6 | 3 | 3 | |||
| Income from continuing operations before income taxes: | 1 | 10 | 16 | 17 | 10 | 18 | 16 | |
| Income tax expense | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Net income available to common stockholders, diluted: | 1 | 10 | 16 | 17 | 10 | 18 | 16 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1 | 10 | 16 | 17 | 10 | 18 | 16 | |
| Comprehensive income: | 1 | 10 | 16 | 17 | 10 | 18 | 16 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 2 | 8 | 3 | (0) | (0) | 0 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (0) | 12 | 24 | 20 | 10 | 17 | 16 | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.