Alexander & Baldwin, Inc. (ALEX) financial statements (2022 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
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 investments705715116921
Cash and cash equivalents705715116921
Receivables25404350345664
Inventory, net of allowances, customer advances and progress billings20182127324356
Inventory20182127324356
Contract with customer, asset102109
Costs in excess of billings201616
Other undisclosed current assets   841202115
Total current assets:12611789181275138153
Noncurrent Assets
Finance lease, right-of-use asset444
Operating lease, right-of-use asset201922
Inventory, real estate  79   184
Property, plant and equipment1,4081,3951,4131,3221,1481,2321,269
Long-term investments and receivables39170168171402391416
Long-term investments39170168171402391416
Intangible assets, net (including goodwill)698390134149156157
Goodwill9111565102102102
Intangible assets, net (excluding goodwill)60727568475454
Other noncurrent assets   70566065
Other undisclosed noncurrent assets   348202180 
Total noncurrent assets:1,5401,6701,7752,0451,9562,0182,091
Other undisclosed assets214248220    
TOTAL ASSETS:1,8802,0362,0842,2252,2312,1562,244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   348335041
Accounts payable   34433536
Interest and dividends payable    790146
Deferred revenue798
Debt   39464290
Restructuring reserve     19 
Deferred revenue and credits1180
Billings in excess of cost643
Contract with customer, liability6
Other liabilities   42283241
Other undisclosed current liabilities   91419
Total current liabilities:798129927165185
Noncurrent Liabilities
Long-term debt and lease obligation   739585473498
Long-term debt, excluding current maturities   739585473498
Liabilities, other than long-term debt   14160295322
Contract with customer, liability63
Deferred tax liabilities, net  182202
Liability, pension and other postretirement and postemployment benefits   28206560
Other liabilities   49404861
Total noncurrent liabilities:   880645767820
Other undisclosed liabilities800925941    
Total liabilities:8069339491,0091,5729321,005
Temporary equity, carrying amount776881112
Stockholders' equity
Stockholders' equity attributable to parent1,0671,0961,1251,2036461,2091,224
Common stock1,8111,8061,8001,7931,1621,1571,152
Accumulated other comprehensive loss(81)(60)(49)(52)(42)(43)(45)
Retained earnings (accumulated deficit)(663)(649)(626)(539)(473)95117
Stockholders' equity attributable to noncontrolling interest  46544
Total stockholders' equity:1,0671,0961,1291,2086511,2131,227
TOTAL LIABILITIES AND EQUITY:1,8802,0362,0842,2252,2312,1562,244

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
Revenues379305435644426388571
Revenue, net426388571
Operating lease, lease income180153163
Operating leases, income statement, lease revenue98
Cost of revenue(283)(249)(290)(462)(283)(278)(459)
Cost of goods and services sold    (242)(234)(425)
Gross profit:9657145183143110112
Operating expenses(49)(37)(159)(61)(124)(68)(73)
Other undisclosed operating income310 51   
Operating income (loss):5030(14)173204239
Nonoperating income (expense)013 (1)31
Investment income, nonoperating  3    
Other nonoperating income (expense)011 (1)31
Interest and debt expense(26)(30)(33)(35)(26)(26)(27)
Income (loss) from continuing operations before equity method investments, income taxes:241(44)138(7)1813
Income (loss) from equity method investments1865(4)71937
Other undisclosed income (loss) from continuing operations before income taxes(5)(1)(0)(186)0(2)(3)
Income (loss) from continuing operations before income taxes:376(39)(53)13548
Income tax expense (benefit) 02(16)218(3)(17)
Other undisclosed income from continuing operations    9  
Income (loss) from continuing operations:376(37)(69)2283331
Income (loss) from discontinued operations(1)(1)(2)(1)2(41) 
Other undisclosed income (loss) before gain (loss) on sale of properties  21(12)  
Income (loss) before gain (loss) on sale of properties:365(37)(69)219(8)31
Other undisclosed net income (loss)  (2)(1)12  
Net income (loss):365(38)(70)231(8)31
Other undisclosed net income (loss) attributable to parent(0)02(2)(2)(2)(2)
Net income (loss) attributable to parent:356(36)(72)228(10)30
Other undisclosed net income (loss) available to common stockholders, basic(0)(0)(0) 2  
Net income (loss) available to common stockholders, diluted:356(37)(72)230(10)30

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):365(38)(70)231(8)31
Other comprehensive income (loss)(21)(11)3(1)12(1)
Comprehensive income (loss):15(6)(35)(70)231(6)30
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)02(2)(2)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:15(6)(33)(73)229(8)29

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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