Ladder Capital Corp (LADR) financial statements (2022 and earlier)

Company profile

Business Address 345 PARK AVENUE
NEW YORK, NY 10154
State of Incorp. DE
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 investments5491,25458687745109
Cash and cash equivalents5491,25458687745109
Receivables(32)(42)     
Prepaid expense  1112121313
Total current assets:5171,21369798958121
Noncurrent Assets
Operating lease, right-of-use asset112
Long-term investments and receivables23464840353434
Long-term investments23464840353434
Intangible assets, net (including goodwill)799198104129107107
Intangible assets, net (excluding goodwill)799198104129107107
Total noncurrent assets:103139149145164141141
Other undisclosed assets5,2314,5306,4516,0495,7735,3805,633
TOTAL ASSETS:5,8515,8816,6696,2736,0265,5785,895
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4458211,8166644731,1071,261
Total current liabilities:4458211,8166644731,1071,261
Noncurrent Liabilities
Other undisclosed liabilities3,8933,5123,2143,9664,0642,9623,143
Total liabilities:4,3384,3335,0304,6294,5374,0694,404
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5071,5431,4581,4451,235971828
Treasury stock, value(76)(63)(43)(33)(32)(11)(6)
Additional paid in capital1,7951,7801,5321,4711,306992777
Accumulated other comprehensive income (loss)(4)(10)4(5)(0)1(4)
Retained earnings (accumulated deficit)(208)(164)(36)11(39)(11)61
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest65181198253538663
Total stockholders' equity:1,5141,5481,6391,6441,4881,5101,491
TOTAL LIABILITIES AND EQUITY:5,8515,8816,6696,2736,0265,5785,895

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
Revenues1020 0  201
Revenue, net  90
Operating lease, lease income102  
Gain (loss) on disposition of assets for financial service operations 0(0)0
Financial services revenue(0)(0)110
Cost of revenue(108)(133)(136)(137)(149)(138)(143)
Gross profit:(7)(133)(136)(137)(149)(138)58
Operating expenses(18)(20)(23)(22)(21)(21)(25)
Operating income (loss):(24)(153)(158)(158)(170)(159)32
Nonoperating income (expense)182140175250186163(39)
Investment income, nonoperating2(15)(30)16(13)(1)(39)
Interest and debt expense(183)(227)(204)(194)(146)(121)(113)
Loss from continuing operations before equity method investments, income taxes:(25)(241)(188)(102)(130)(116)(120)
Income from equity method investments      0
Other undisclosed income from continuing operations before income taxes83221328331264236280
Income (loss) from continuing operations before income taxes:58(19)140228134120161
Income tax expense (benefit)(1)10(3)(7)(8)(6)(15)
Net income (loss):57(9)137222126114146
Net income (loss) attributable to noncontrolling interest(0)(5)(14)(42)(31)0(2)
Net income (loss) attributable to parent:57(14)12318095114145
Other undisclosed net loss available to common stockholders, basic     (47)(71)
Net income (loss) available to common stockholders, diluted:57(14)123180956774

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):57(9)137222126114146
Other comprehensive income (loss)6(15)10(5)(2)9(37)
Comprehensive income (loss):63(25)147217124122110
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     0(2)
Comprehensive income (loss), net of tax, attributable to parent:63(25)147217124122108

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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