Ares Commercial Real Estate Corporation (ACRE) financial statements (2020 and earlier)

Company profile

Business Address 245 PARK AVENUE
NEW YORK, NY 10167
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments611284791720
Cash and cash equivalents611284791720
Total current assets:611284791720
Noncurrent Assets
Intangible assets, net (including goodwill)    665
Intangible assets, net (excluding goodwill)    665
Total noncurrent assets:    665
Other undisclosed assets1,6691,5921,7421,3261,3641,8451,152
TOTAL ASSETS:1,6751,6031,7701,3741,3791,8681,177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    25193 
Total current liabilities:    25193 
Noncurrent Liabilities
Other undisclosed liabilities1,2491,1781,3519448981,194771
Total liabilities:1,2491,1781,3519449221,387771
Stockholders' equity
Stockholders' equity attributable to parent426426419419409403406
Common stock0000000
Additional paid in capital423422421420421420419
Retained earnings (accumulated deficit)24(2)(1)(12)(18)(13)
Stockholders' equity attributable to noncontrolling interest   114778 
Total stockholders' equity:426426419430456481406
TOTAL LIABILITIES AND EQUITY:1,6751,6031,7701,3741,3791,8681,177

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net investment income11711898828670 
Financial services revenue  1616 
Gross profit:871189845856539
Operating expenses(4)(3)(3)(3)(7)(10)(10)
Operating income:831159542795528
Interest and debt expense(50)(63)(52)(6)(10)(42)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5(13)(12)(5)(24)10(8)
Income from continuing operations before income taxes:38393131452414
Income tax expense (benefit)(0)(0)(0)(0)(2)1(0)
Income from continuing operations:37393030432514
Income from discontinued operations   4   
Income before gain (loss) on sale of properties:37393035432514
Other undisclosed net income   10   
Net income:37393045432514
Net loss attributable to noncontrolling interest  (0)(5)(9)(0) 
Other undisclosed net income attributable to parent  0590 
Net income attributable to parent:37393045432514
Other undisclosed net loss available to common stockholders, basic  (0)(5)(9)(0) 
Net income available to common stockholders, diluted:37393040342414

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:37393045432514
Comprehensive income:37393045432514
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)(5)(9)(0) 
Comprehensive income, net of tax, attributable to parent:37393040342414

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.

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