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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments63,91040,31649,39747,84572,89651,572
Cash and cash equivalents63,91040,31649,39747,84572,89651,572
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss243030   
Total current assets:63,93440,34649,42747,84572,89651,572
Noncurrent Assets
Other undisclosed assets1,310,6001,365,3441,390,2141,436,5811,454,0781,533,263
TOTAL ASSETS:1,374,5341,405,6901,439,6411,484,4261,526,9741,584,835
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,052,1831,088,8501,107,0861,146,9611,175,4781,149,043
Total liabilities:1,052,1831,088,8501,107,0861,146,9611,175,4781,149,043
Equity
Equity, attributable to parent, including:320,235314,711330,422335,328349,322433,518
Common stock      234
Treasury stock, value(9,557)(9,557)(9,532)(9,532)(6,695)(6,577)
Additional paid in capital340,861326,279325,462322,439317,273316,758
Accumulated other comprehensive loss(17,733)(19,530)(19,763)(25,649)(22,420)(18,696)
Retained earnings (accumulated deficit)(28,158)(17,282)(544)13,27526,37548,800
Warrants and rights outstanding   12,200  
Other undisclosed equity, attributable to parent34,82234,80134,79922,59534,78992,999
Equity, attributable to noncontrolling interest2,1162,1292,1332,1372,1742,274
Total equity:322,351316,840332,555337,465351,496435,792
TOTAL LIABILITIES AND EQUITY:1,374,5341,405,6901,439,6411,484,4261,526,9741,584,835

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues18,06418,83815,93721,16920,40717,337
Net investment income17,87918,34018,45618,44920,02120,900
Other income185498(2,519)2,720386(3,563)
Cost of revenue(4,289)(5,667)(5,310)(5,064)(6,817)(7,964)
Provision for loan, lease, and other losses(330)2,8666211,1521,935961
Gross profit:13,77513,17110,62716,10513,5909,373
Operating expenses(2,365)(3,200)(2,548)(2,098)(2,028)(2,054)
Operating income:11,4109,9718,07914,00711,5627,319
Nonoperating expense
(Investment Income, Nonoperating)
 (1,215)(8,814)(995)(6,115)  
Interest and debt expense(14,854)(15,039)(14,878)(14,482)(11,369)(9,175)
Income (loss) from continuing operations before equity method investments, income taxes:(4,659)(13,882)(7,794)(6,590)193(1,856)
Loss from equity method investments(628)(265)(98)(349)(451)(355)
Other undisclosed income (loss) from continuing operations before income taxes(330)2,8666211,152(6,878)(2,570)
Loss from continuing operations before income taxes:(5,617)(11,281)(7,271)(5,787)(7,136)(4,781)
Income tax expense (benefit)100(181)(93)(496)(2,367) 
Loss from continuing operations:(5,517)(11,462)(7,364)(6,283)(9,503)(4,781)
Loss before gain (loss) on sale of properties:(9,503)(4,781)
Net loss:(5,517)(11,462)(7,364)(6,283)(9,503)(4,781)
Net income (loss) attributable to noncontrolling interest(25)(24)(30)(5)42(16)
Net loss attributable to parent:(5,542)(11,486)(7,394)(6,288)(9,461)(4,797)
Preferred stock dividends and other adjustments(547)(548)(547)(547)(1,053)(1,925)
Other undisclosed net loss available to common stockholders, basic     (5,735)(2,459)
Net loss available to common stockholders, basic:(6,089)(12,034)(7,941)(6,835)(16,249)(9,181)
Dilutive securities, effect on basic earnings per share (62)(161) (98)(210) 
Other undisclosed net income available to common stockholders, diluted      
Net loss available to common stockholders, diluted:(6,151)(12,195)(7,941)(6,933)(16,459)(9,181)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net loss:(5,517)(11,462)(7,364)(6,283)(9,503)(4,781)
Other comprehensive income (loss) 810(906)3,853(3,229)(3,724)(9,938)
Other undisclosed comprehensive income      
Comprehensive loss:(4,707)(12,368)(3,511)(9,512)(13,227)(14,719)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(25)(24)(30)(5)42(16)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4405911,486(547)(6,788)(4,384)
Comprehensive loss, net of tax, attributable to parent:(4,292)(11,801)(2,055)(10,064)(19,973)(19,119)

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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