Arbor Realty Trust (ABR) financial statements (2022 and earlier)
Company profile
| Business Address |
333 EARLE OVINGTON BOULEVARD UNIONDALE, NY 11553 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| SIC | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 405 | 340 | 300 | 160 | 104 | 139 | 189 | ||
| Cash and cash equivalents | 405 | 340 | 300 | 160 | 104 | 139 | 189 | ||
| Total current assets: | 405 | 340 | 300 | 160 | 104 | 139 | 189 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 20 | ✕ | ✕ | ✕ | ✕ | ||||
| Inventory, real estate | 9 | ||||||||
| Long-term investments and receivables | 90 | 74 | 42 | 22 | 24 | 34 | 31 | ||
| Long-term investments | 90 | 74 | 42 | 22 | 24 | 34 | 31 | ||
| Intangible assets, net (including goodwill), including: | 101 | 105 | 111 | 116 | 122 | 97 | |||
| Goodwill | 57 | 57 | 57 | 57 | 57 | 27 | |||
| Intangible assets, net (excluding goodwill) | 44 | 49 | 54 | 60 | 65 | (3) | |||
| Other undisclosed intangible assets, net (including goodwill) | 0 | 0 | 0 | 73 | |||||
| Total noncurrent assets: | 190 | 180 | 173 | 138 | 145 | 131 | 40 | ||
| Other undisclosed assets | 14,479 | 7,142 | 5,767 | 4,314 | 3,376 | 2,701 | 1,599 | ||
| TOTAL ASSETS: | 15,074 | 7,661 | 6,239 | 4,612 | 3,626 | 2,971 | 1,827 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 12,524 | 6,178 | 4,883 | 3,547 | 2,761 | 2,224 | 1,262 | ||
| Total liabilities: | 12,524 | 6,178 | 4,883 | 3,547 | 2,761 | 2,224 | 1,262 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,418 | 1,344 | 1,185 | 895 | 696 | 587 | 565 | ||
| Preferred stock | 556 | 89 | 90 | 90 | 90 | 90 | 89 | ||
| Common stock | 2 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 1,798 | 1,317 | 1,155 | 879 | 707 | 622 | 616 | ||
| Accumulated other comprehensive income (loss) | 0 | 0 | (5) | ||||||
| Retained earnings (accumulated deficit) | 63 | (63) | (61) | (74) | (102) | (125) | (136) | ||
| Stockholders' equity attributable to noncontrolling interest | 132 | 138 | 171 | 170 | 169 | 160 | |||
| Total stockholders' equity: | 2,550 | 1,483 | 1,356 | 1,066 | 865 | 747 | 565 | ||
| TOTAL LIABILITIES AND EQUITY: | 15,074 | 7,661 | 6,239 | 4,612 | 3,626 | 2,971 | 1,827 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 723 | 542 | 494 | 426 | 273 | 171 | 130 | |
| Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 133 | 104 | 103 | 94 | ✕ | ✕ | ✕ | |
| Gain on disposition of assets for financial service operations | 123 | 95 | 66 | 70 | ✕ | ✕ | ✕ | |
| Net investment income | 466 | 339 | 316 | 252 | 156 | 116 | 107 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 106 | 40 | (5) | |
| Other income | 28 | |||||||
| Cost of revenue | (34) | (109) | (49) | (48) | (47) | (22) | (11) | |
| Cost of goods and services sold | (11) | |||||||
| Provision for loan, lease, and other losses | 24 | (60) | ✕ | ✕ | ✕ | |||
| Amortization of mortgage servicing rights (msrs) | (59) | (49) | (49) | (48) | (47) | (22) | ||
| Gross profit: | 689 | 432 | 446 | 378 | 226 | 149 | 119 | |
| Operating expenses | (198) | (270) | (182) | (169) | (150) | (111) | (74) | |
| Other operating income (expense), net (Noninterest Income, Other Operating Income) | 8 | 4 | (1) | 8 | 1 | 1 | ||
| Other undisclosed operating income (loss) | (74) | 70 | ||||||
| Operating income: | 424 | 237 | 263 | 217 | 76 | 39 | 45 | |
| Nonoperating income (Mortgage Servicing Rights (MSR) Impairment (Recovery)) | 20 | 24 | ||||||
| Interest and debt expense | (215) | (173) | (194) | (159) | (83) | (64) | (50) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 228 | 87 | 69 | 58 | (7) | (24) | (5) | |
| Income (loss) from equity method investments | 35 | 76 | 11 | 1 | (3) | 13 | 12 | |
| Income (loss) from continuing operations before income taxes: | 263 | 164 | 80 | 59 | (10) | (11) | 8 | |
| Income tax expense | (46) | (40) | (15) | (10) | (13) | (1) | ||
| Income (loss) before gain (loss) on sale of properties: | 217 | 123 | 64 | 49 | (23) | (12) | 8 | |
| Other undisclosed net income | 161 | 73 | 91 | 99 | 120 | 75 | ||
| Net income: | 378 | 196 | 155 | 148 | 98 | 62 | 8 | |
| Net loss attributable to noncontrolling interest | (39) | (25) | (27) | (32) | (24) | (12) | ||
| Other undisclosed net income attributable to parent | 46 | |||||||
| Net income attributable to parent: | 339 | 171 | 129 | 116 | 73 | 50 | 53 | |
| Preferred stock dividends and other adjustments | (22) | (8) | (8) | (8) | (8) | (8) | (8) | |
| Net income available to common stockholders, basic: | 317 | 163 | 121 | 108 | 66 | 43 | 46 | |
| Other undisclosed net income available to common stockholders, diluted | 39 | 25 | 27 | 32 | 24 | |||
| Net income available to common stockholders, diluted: | 356 | 189 | 148 | 140 | 90 | 43 | 46 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 378 | 196 | 155 | 148 | 98 | 62 | 8 | |
| Other undisclosed comprehensive income (loss) | (0) | (0) | 5 | 56 | ||||
| Comprehensive income: | 378 | 196 | 155 | 148 | 97 | 68 | 63 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (39) | (25) | (27) | (32) | (24) | (13) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (8) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 339 | 171 | 129 | 116 | 73 | 55 | 56 | |
Statements sources
The financial statements are based on the company's filings with the 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.