Great Ajax Corp. (AJX) Financial Statements (2024 and earlier)

Company Profile

Business Address 13190 SW 68TH PARKWAY
TIGARD, OR 97223
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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,84584,426107,14764,34355,14653,721
Cash and cash equivalents47,84584,426107,14764,34355,14653,721
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss   
Total current assets:47,84584,426107,14764,34355,14653,721
Noncurrent Assets
Other undisclosed assets1,436,5811,675,2541,546,5851,512,4981,547,7251,342,017
TOTAL ASSETS:1,484,4261,759,6801,653,7321,576,8411,602,8711,395,738
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,146,9611,259,2071,139,2411,192,7571,268,5921,078,300
Total liabilities:1,146,9611,259,2071,139,2411,192,7571,268,5921,078,300
Equity
Equity, attributable to parent, including:335,328497,295485,361359,882300,834290,356
Common stock  233231222189186
Treasury stock, value(9,532)(1,691)(1,159)(458)(270) 
Additional paid in capital322,439316,162317,424309,395260,427254,847
Accumulated other comprehensive income (loss)(25,649)1,0203751,277(575)(233)
Retained earnings (accumulated deficit)13,27566,42753,34649,44641,06335,556
Warrants and rights outstanding 12,20023,70014,200   
Other undisclosed equity, attributable to parent22,59591,444100,944   
Equity, attributable to noncontrolling interest2,1373,17829,13024,20233,44527,082
Total equity:337,465500,473514,491384,084334,279317,438
TOTAL LIABILITIES AND EQUITY:1,484,4261,759,6801,653,7321,576,8411,602,8711,395,738

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues78,57595,768101,638123,715111,90193,473
Net investment income82,58293,383100,071112,416108,18191,424
Cost of revenue(27,429)(26,011)(15,923)(16,817)(22,675)(20,749)
Provision for loan, lease, and other losses8,02618,22310,820(803) 
Gross profit:51,14669,75785,715106,89889,22672,724
Operating expenses(7,964)(8,489)(13,544)(10,460)(3,252)(2,630)
Other operating expense, net
(Other Expenses)
     (3,934)(3,353)
Operating income:43,18261,26872,17196,43882,04066,741
Nonoperating expense
(Investment Income, Nonoperating)
(6,115)     
Interest and debt expense(43,632)(38,181)(49,353)(59,754)(54,171)(40,232)
Income (loss) from continuing operations before equity method investments, income taxes:(6,565)23,08722,81836,68427,86926,509
Income (loss) from equity method investments(1,218)699(155)1,332762 
Other undisclosed income (loss) from continuing operations before income taxes(4,318)18,22310,820(803)2,7703,776
Income (loss) from continuing operations before income taxes:(12,101)42,00933,48337,21331,40130,285
Income tax expense (benefit)(2,835)(234)125(124)(64)(131)
Income (loss) from continuing operations:(14,936)41,77533,60837,08931,33730,154
Income before gain (loss) on sale of properties:41,77533,60837,08931,33730,154
Net income (loss):(14,936)41,77533,60837,08931,33730,154
Net income (loss) attributable to noncontrolling interest(75)80(5,112)(2,384)(2,997)(1,227)
Net income (loss) attributable to parent:(15,011)41,85528,49634,70528,34028,927
Preferred stock dividends and other adjustments(5,474)     
Undistributed earnings (loss) allocated to participating securities, basic  (304)(140)(336)(307)(321)
Other undisclosed net loss available to common stockholders, basic (8,194)(7,798)(5,740)   
Net income (loss) available to common stockholders, basic:(28,679)33,75322,61634,36928,03328,606
Dilutive securities, effect on basic earnings per share(361)9,065 10,2008,7865,610
Net income (loss) available to common stockholders, diluted:(29,040)42,81822,61644,56936,81934,216

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(14,936)41,77533,60837,08931,33730,154
Other comprehensive income (loss)(26,669)645 1,852(342)(233)
Comprehensive income (loss):(41,605)42,42033,60838,94130,99529,921
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(75)80(5,112)(2,384)(2,997)(1,227)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13,668)(7,798)(6,642)   
Comprehensive income (loss), net of tax, attributable to parent:(55,348)34,70221,85436,55727,99828,694

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.

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