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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,31649,39747,84572,89651,57270,722
Cash and cash equivalents40,31649,39747,84572,89651,57270,722
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss3030    
Disposal group, including discontinued operation      29,600
Total current assets:40,34649,42747,84572,89651,572100,322
Noncurrent Assets
Other undisclosed assets1,365,3441,390,2141,436,5811,454,0781,533,2631,585,557
TOTAL ASSETS:1,405,6901,439,6411,484,4261,526,9741,584,8351,685,879
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,088,8501,107,0861,146,9611,175,4781,149,0431,198,380
Total liabilities:1,088,8501,107,0861,146,9611,175,4781,149,0431,198,380
Equity
Equity, attributable to parent, including:314,711330,422335,328349,322433,518485,134
Common stock     234234
Treasury stock, value(9,557)(9,532)(9,532)(6,695)(6,577)(1,808)
Additional paid in capital326,279325,462322,439317,273316,758316,326
Accumulated other comprehensive loss(19,530)(19,763)(25,649)(22,420)(18,696)(8,758)
Retained earnings (accumulated deficit)(17,282)(544)13,27526,37548,80063,996
Warrants and rights outstanding   12,200   
Other undisclosed equity, attributable to parent34,80134,79922,59534,78992,999115,144
Equity, attributable to noncontrolling interest2,1292,1332,1372,1742,2742,365
Total equity:316,840332,555337,465351,496435,792487,499
TOTAL LIABILITIES AND EQUITY:1,405,6901,439,6411,484,4261,526,9741,584,8351,685,879

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues18,83815,93721,16920,40717,33719,662
Net investment income18,34018,45618,44920,02120,90023,212
Other income498(2,519)2,720386(3,563)(3,550)
Cost of revenue(5,667)(5,310)(5,064)(6,817)(7,964)(7,584)
Provision for loan, lease, and other losses2,8666211,1521,9359613,978
Gross profit:13,17110,62716,10513,5909,37312,078
Operating expenses(3,200)(2,548)(2,098)(2,028)(2,054)(1,784)
Operating income:9,9718,07914,00711,5627,31910,294
Nonoperating expense
(Investment Income, Nonoperating)
(8,814)(995)(6,115)   
Interest and debt expense(15,039)(14,878)(14,482)(11,369)(9,175)(8,606)
Income (loss) from continuing operations before equity method investments, income taxes:(13,882)(7,794)(6,590)193(1,856)1,688
Loss from equity method investments(265)(98)(349)(451)(355)(63)
Other undisclosed income (loss) from continuing operations before income taxes2,8666211,152(6,878)(2,570)3,978
Income (loss) from continuing operations before income taxes:(11,281)(7,271)(5,787)(7,136)(4,781)5,603
Income tax expense (benefit)(181)(93)(496)(2,367) 28
Income (loss) from continuing operations:(11,462)(7,364)(6,283)(9,503)(4,781)5,631
Income (loss) before gain (loss) on sale of properties:(9,503)(4,781)5,631
Net income (loss):(11,462)(7,364)(6,283)(9,503)(4,781)5,631
Net income (loss) attributable to noncontrolling interest(24)(30)(5)42(16)(96)
Net income (loss) attributable to parent:(11,486)(7,394)(6,288)(9,461)(4,797)5,535
Preferred stock dividends and other adjustments(548)(547)(547)(1,053)(1,925)(1,949)
Other undisclosed net loss available to common stockholders, basic    (5,735)(2,459) 
Net income (loss) available to common stockholders, basic:(12,034)(7,941)(6,835)(16,249)(9,181)3,586
Dilutive securities, effect on basic earnings per share(161) (98)(210)  
Net income (loss) available to common stockholders, diluted:(12,195)(7,941)(6,933)(16,459)(9,181)3,586

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(11,462)(7,364)(6,283)(9,503)(4,781)5,631
Other comprehensive income (loss)(906)3,853(3,229)(3,724)(9,938)(9,778)
Comprehensive loss:(12,368)(3,511)(9,512)(13,227)(14,719)(4,147)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(24)(30)(5)42(16)(96)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5911,486(547)(6,788)(4,384)(1,949)
Comprehensive loss, net of tax, attributable to parent:(11,801)(2,055)(10,064)(19,973)(19,119)(6,192)

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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