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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,50033,30070,00057,20015,20011,400
Cash and cash equivalents13,50033,30070,00057,20015,20011,400
Receivables  25,10039,50043,40049,600
Inventory, net of allowances, customer advances and progress billings   20,30018,40020,70026,500
Inventory   20,30018,40020,70026,500
Contract with customer, asset, after allowance for credit loss   10,4002,30010,0009,200
Other undisclosed current assets      84,000
Total current assets:13,50033,300125,800117,40089,300180,700
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 4,2002,6003,5004,2003,800
Operating lease, right-of-use asset 1,7005,40020,10018,60021,800
Inventory, real estate     79,100 
Property, plant and equipment 1,381,7001,396,6001,407,7001,395,3001,412,7001,322,000
Long-term investments and receivables 38,50036,90039,300169,600167,600171,400
Long-term investments 38,50036,90039,300169,600167,600171,400
Intangible assets, net (including goodwill)45,00052,30069,00082,60090,300133,500
Goodwill8,7008,7008,70010,50015,40065,100
Intangible assets, net (excluding goodwill) 36,30043,60060,30072,10074,90068,400
Other noncurrent assets      70,000
Other undisclosed noncurrent assets      347,600
Total noncurrent assets:1,471,1001,493,8001,539,6001,670,3001,775,3002,044,500
Other undisclosed assets161,600260,200214,400248,300219,700 
TOTAL ASSETS:1,646,2001,787,3001,879,8002,036,0002,084,3002,225,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      34,200
Accounts payable      34,200
Deferred revenue   6,8008,5007,900
Debt      39,000
Other liabilities      41,500
Contract with customer, liability5,900
Other undisclosed current liabilities      8,800
Total current liabilities:   6,8008,5007,900129,400
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, liability63,100
Liability, pension and other postretirement and postemployment benefits      28,300
Other liabilities      49,100
Total noncurrent liabilities:      879,600
Other undisclosed liabilities643,200743,600799,500924,900941,400 
Total liabilities:643,200743,600806,300933,400949,3001,009,000
Temporary equity, carrying amount  8,0006,9006,5006,3007,900
Equity
Equity, attributable to parent1,003,0001,035,7001,066,6001,096,1001,125,1001,202,600
Common stock1,809,1001,808,4001,810,5001,805,5001,800,1001,793,400
Accumulated other comprehensive income (loss)3,2001,800(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     3,6005,700
Total equity:1,003,0001,035,7001,066,6001,096,1001,128,7001,208,300
TOTAL LIABILITIES AND EQUITY:1,646,2001,787,3001,879,8002,036,0002,084,3002,225,200

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
Other undisclosed income before gain (loss) on sale of properties1,500600
Revenues208,900230,500379,300305,300435,200644,400
Operating leases, income statement, lease revenue97,700
Operating lease, lease income194,700190,100179,600153,000163,000
Cost of revenue(112,500)(186,900)(283,200)(248,700)(290,400)(461,800)
Gross profit:96,40043,60096,10056,600144,800182,600
Operating expenses(32,900)18,100(48,900)(36,500)(159,100)(61,200)
Other undisclosed operating income1,10054,0003,0009,600 51,400
Operating income (loss):64,600115,70050,20029,700(14,300)172,800
Nonoperating income1007004001,2003,300 
Investment income, nonoperating    2,500 
Other nonoperating income1007004001,200800 
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:41,70094,40024,300600(44,100)137,500
Income (loss) from equity method investments1,9001,60017,5005,9005,300(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:40,80018,80036,9005,600(38,900)(52,900)
Income tax expense (benefit) 18,300 4002,000(16,300)
Income (loss) from continuing operations:40,80037,10036,9006,000(36,900)(69,200)
Income (loss) before gain (loss) on sale of properties:35,8005,200(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)35,8005,200(38,400)(69,800)
Other undisclosed net income (loss) attributable to parent(3,200)(1,100)(400)4002,000(2,200)
Net income (loss) attributable to parent:29,800(50,600)35,4005,600(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)35,1005,500(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
Net income (loss):33,000(49,500)35,8005,200(38,400)(69,800)
Other comprehensive income (loss)1,40082,500(20,700)(11,200)3,100(500)
Comprehensive income (loss):34,40033,00015,100(6,000)(35,300)(70,300)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,200)(1,100)(400)4002,000(2,200)
Comprehensive income (loss), net of tax, attributable to parent:31,20031,90014,700(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.

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