ACRES Commercial Realty Corp. (ACR) financial statements (2022 and earlier)

Company profile

Business Address 390 RXR PLAZA
UNIONDALE, NY 11556
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 investments36298083182121104
Cash and cash equivalents3629808318111679
Short-term investments    0426
Total current assets:36298083182121104
Noncurrent Assets
Operating lease, right-of-use asset66 
Long-term investments and receivables2222128850
Long-term investments2222128850
Intangible assets, net (including goodwill)43   026
Intangible assets, net (excluding goodwill)43   026
Regulated entity, other noncurrent assets    241626
Total noncurrent assets:11102236104102
Other undisclosed assets2,2371,6142,3732,0471,6941,8292,554
TOTAL ASSETS:2,2841,6542,4542,1311,9122,0542,760
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities321076617
Interest and dividends payable321076617
Total current liabilities:321076617
Noncurrent Liabilities
Other undisclosed liabilities1,8331,3181,8871,5701,2351,3451,916
Total liabilities:1,8361,3201,8981,5771,2411,3501,934
Stockholders' equity
Stockholders' equity attributable to parent, including:448334556554671704819
Common stock0000000
Additional paid in capital1,1801,0861,0851,0831,1881,2181,228
Accumulated other comprehensive income (loss)(8)(10)2(3)13(3)
Other undisclosed stockholders' equity attributable to parent(724)(742)(530)(526)(518)(517)(407)
Stockholders' equity attributable to noncontrolling interest     (1)8
Total stockholders' equity:448334556554671703827
TOTAL LIABILITIES AND EQUITY:2,2841,6542,4542,1311,9122,0542,760

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
Revenues505061554463102
Cost of revenue (40)(11)(13)(2)(18)(50)
Provision for loan, lease, and other losses (31)(0)2
Financial services costs(2)(18)(50)
Gross profit:50105042424552
Operating expenses(12)(14)(10)(11)(34) (120)
Operating income (loss):38(4)3931845(68)
Nonoperating income (expense)(7)(193)(3)(4)44(22)37
Investment income, nonoperating     (22) 
Other nonoperating income (expense)1012(1) 0
Interest and debt expense(9)(58)(84)(68)(10)(54)(1)
Income (loss) from continuing operations before income taxes:22(256)(48)(41)42(31)(32)
Income tax expense    (7)(11) 
Other undisclosed income from continuing operations12588468  51
Income (loss) from continuing operations:34(198)362735(42)19
Income (loss) from discontinued operations  (1)4 (19) 
Income (loss) before gain (loss) on sale of properties:34(198)353135(61)19
Other undisclosed net income (loss)  1(4)(2)31(2)
Net income (loss) attributable to parent:34(198)362733(31)17
Preferred stock dividends and other adjustments    (4)2 
Other undisclosed net loss available to common stockholders, basic(16)(10)(10)(20)(24)(24)(31)
Net income (loss) available to common stockholders, diluted:18(208)2676(53)(14)

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 (loss):34(198)362733(31)17
Other comprehensive income (loss)     4(12)
Other undisclosed comprehensive income (loss)2(12)5(4)(2)  
Comprehensive income (loss):36(210)412332(27)5
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    00(7)
Other undisclosed comprehensive loss, net of tax, attributable to parent(16)(10)(10)(20)(28)(23)(21)
Comprehensive income (loss), net of tax, attributable to parent:20(220)3034(49)(23)

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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