Alexander & Baldwin Inc. (ALEX) Financial Statements (2025 and earlier)
Company Profile
Business Address |
822 BISHOP STREET, P.O. BOX 3440 HONOLULU, HI 96801 |
State of Incorp. | HI |
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)
9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 13,500 | 33,300 | 70,000 | 57,200 | 15,200 | 11,400 | |||
Cash and cash equivalents | 13,500 | 33,300 | 70,000 | 57,200 | 15,200 | 11,400 | |||
Receivables | 25,100 | 39,500 | 43,400 | 49,600 | |||||
Inventory, net of allowances, customer advances and progress billings | 20,300 | 18,400 | 20,700 | 26,500 | |||||
Inventory | 20,300 | 18,400 | 20,700 | 26,500 | |||||
Contract with customer, asset, after allowance for credit loss | 10,400 | 2,300 | 10,000 | 9,200 | |||||
Other undisclosed current assets | 84,000 | ||||||||
Total current assets: | 13,500 | 33,300 | 125,800 | 117,400 | 89,300 | 180,700 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 4,200 | 2,600 | 3,500 | 4,200 | 3,800 | ✕ | |||
Operating lease, right-of-use asset | 1,700 | 5,400 | 20,100 | 18,600 | 21,800 | ✕ | |||
Inventory, real estate | 79,100 | ||||||||
Property, plant and equipment | 1,381,700 | 1,396,600 | 1,407,700 | 1,395,300 | 1,412,700 | 1,322,000 | |||
Long-term investments and receivables | 38,500 | 36,900 | 39,300 | 169,600 | 167,600 | 171,400 | |||
Long-term investments | 38,500 | 36,900 | 39,300 | 169,600 | 167,600 | 171,400 | |||
Intangible assets, net (including goodwill) | 45,000 | 52,300 | 69,000 | 82,600 | 90,300 | 133,500 | |||
Goodwill | 8,700 | 8,700 | 8,700 | 10,500 | 15,400 | 65,100 | |||
Intangible assets, net (excluding goodwill) | 36,300 | 43,600 | 60,300 | 72,100 | 74,900 | 68,400 | |||
Other noncurrent assets | 70,000 | ||||||||
Other undisclosed noncurrent assets | 347,600 | ||||||||
Total noncurrent assets: | 1,471,100 | 1,493,800 | 1,539,600 | 1,670,300 | 1,775,300 | 2,044,500 | |||
Other undisclosed assets | 161,600 | 260,200 | 214,400 | 248,300 | 219,700 | ||||
TOTAL ASSETS: | 1,646,200 | 1,787,300 | 1,879,800 | 2,036,000 | 2,084,300 | 2,225,200 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 34,200 | ||||||||
Accounts payable | 34,200 | ||||||||
Deferred revenue | 6,800 | 8,500 | 7,900 | ✕ | |||||
Debt | 39,000 | ||||||||
Other liabilities | 41,500 | ||||||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,900 | ||
Other undisclosed current liabilities | 8,800 | ||||||||
Total current liabilities: | 6,800 | 8,500 | 7,900 | 129,400 | |||||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 739,100 | ||||||||
Long-term debt, excluding current maturities | 739,100 | ||||||||
Liabilities, other than long-term debt | 140,500 | ||||||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 63,100 | ||
Liability, pension and other postretirement and postemployment benefits | 28,300 | ||||||||
Other liabilities | 49,100 | ||||||||
Total noncurrent liabilities: | 879,600 | ||||||||
Other undisclosed liabilities | 643,200 | 743,600 | 799,500 | 924,900 | 941,400 | ||||
Total liabilities: | 643,200 | 743,600 | 806,300 | 933,400 | 949,300 | 1,009,000 | |||
Temporary equity, carrying amount | 8,000 | 6,900 | 6,500 | 6,300 | 7,900 | ||||
Equity | |||||||||
Equity, attributable to parent | 1,003,000 | 1,035,700 | 1,066,600 | 1,096,100 | 1,125,100 | 1,202,600 | |||
Common stock | 1,809,100 | 1,808,400 | 1,810,500 | 1,805,500 | 1,800,100 | 1,793,400 | |||
Accumulated other comprehensive income (loss) | 3,200 | 1,800 | (80,700) | (60,000) | (48,800) | (51,900) | |||
Accumulated deficit | (809,300) | (774,500) | (663,200) | (649,400) | (626,200) | (538,900) | |||
Equity, attributable to noncontrolling interest | 3,600 | 5,700 | |||||||
Total equity: | 1,003,000 | 1,035,700 | 1,066,600 | 1,096,100 | 1,128,700 | 1,208,300 | |||
TOTAL LIABILITIES AND EQUITY: | 1,646,200 | 1,787,300 | 1,879,800 | 2,036,000 | 2,084,300 | 2,225,200 |
Income Statement (P&L) ($ in thousands)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Other undisclosed income before gain (loss) on sale of properties | ✕ | ✕ | ✕ | ✕ | ✕ | 1,500 | 600 | |
Revenues | 208,900 | 230,500 | 379,300 | 305,300 | 435,200 | 644,400 | ||
Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 97,700 | |
Operating lease, lease income | 194,700 | 190,100 | 179,600 | 153,000 | 163,000 | ✕ | ||
Cost of revenue | (112,500) | (186,900) | (283,200) | (248,700) | (290,400) | (461,800) | ||
Gross profit: | 96,400 | 43,600 | 96,100 | 56,600 | 144,800 | 182,600 | ||
Operating expenses | (32,900) | 18,100 | (48,900) | (36,500) | (159,100) | (61,200) | ||
Other undisclosed operating income | 1,100 | 54,000 | 3,000 | 9,600 | 51,400 | |||
Operating income (loss): | 64,600 | 115,700 | 50,200 | 29,700 | (14,300) | 172,800 | ||
Nonoperating income | 100 | 700 | 400 | 1,200 | 3,300 | |||
Investment income, nonoperating | 2,500 | |||||||
Other nonoperating income | 100 | 700 | 400 | 1,200 | 800 | |||
Interest and debt expense | (23,000) | (22,000) | (26,300) | (30,300) | (33,100) | (35,300) | ||
Income (loss) from continuing operations before equity method investments, income taxes: | 41,700 | 94,400 | 24,300 | 600 | (44,100) | 137,500 | ||
Income (loss) from equity method investments | 1,900 | 1,600 | 17,500 | 5,900 | 5,300 | (4,100) | ||
Other undisclosed loss from continuing operations before income taxes | (2,800) | (77,200) | (4,900) | (900) | (100) | (186,300) | ||
Income (loss) from continuing operations before income taxes: | 40,800 | 18,800 | 36,900 | 5,600 | (38,900) | (52,900) | ||
Income tax expense (benefit) | 18,300 | 400 | 2,000 | (16,300) | ||||
Income (loss) from continuing operations: | 40,800 | 37,100 | 36,900 | 6,000 | (36,900) | (69,200) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 35,800 | 5,200 | (36,900) | (69,200) | |
Loss from discontinued operations | (7,800) | (86,600) | (1,100) | (800) | (1,500) | (600) | ||
Other undisclosed net loss | (1,500) | (600) | ||||||
Net income (loss): | 33,000 | (49,500) | 35,800 | 5,200 | (38,400) | (69,800) | ||
Other undisclosed net income (loss) attributable to parent | (3,200) | (1,100) | (400) | 400 | 2,000 | (2,200) | ||
Net income (loss) attributable to parent: | 29,800 | (50,600) | 35,400 | 5,600 | (36,400) | (72,000) | ||
Other undisclosed net loss available to common stockholders, basic | (100) | (200) | (300) | (100) | (200) | |||
Net income (loss) available to common stockholders, diluted: | 29,700 | (50,800) | 35,100 | 5,500 | (36,600) | (72,000) |
Comprehensive Income ($ in thousands)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Net income (loss): | 33,000 | (49,500) | 35,800 | 5,200 | (38,400) | (69,800) | ||
Other comprehensive income (loss) | 1,400 | 82,500 | (20,700) | (11,200) | 3,100 | (500) | ||
Comprehensive income (loss): | 34,400 | 33,000 | 15,100 | (6,000) | (35,300) | (70,300) | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3,200) | (1,100) | (400) | 400 | 2,000 | (2,200) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 31,200 | 31,900 | 14,700 | (5,600) | (33,300) | (72,500) |
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.