Rait Financial Trust (RASF) financial statements (2021 and earlier)

Company profile

Business Address TWO LOGAN SQUARE
PHILADELPHIA, PA 19103
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments425311112612289100
Cash and cash equivalents425311112612289100
Total current assets:425311112612289100
Noncurrent Assets
Intangible assets, net (including goodwill)25284240222
Goodwill  8911  
Intangible assets, net (excluding goodwill)25193329222
Total noncurrent assets:25284240222
Other undisclosed assets6901,7332,2694,2803,3512,9172,822
TOTAL ASSETS:7341,7922,4074,4473,5133,0272,924
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6651,5341,9473,6172,8462,3392,034
Total liabilities:6651,5341,9473,6172,8462,3392,034
Temporary equity, carrying amount 788285795352
Stockholders' equity
Stockholders' equity attributable to parent, including:69176372405374602834
Common stock3333222
Additional paid in capital2,1022,0952,0932,0872,0261,9201,837
Accumulated other comprehensive income (loss)11  (5)(21)(64)(95)
Accumulated deficit(2,048)(1,922)(1,724)(1,681)(1,634)(1,257)(910)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest 45340214344
Total stockholders' equity:69180378745588636838
TOTAL LIABILITIES AND EQUITY:7341,7922,4074,4473,5133,0272,924

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues49100174324290247201
Revenue, net64113234162114104
Net investment income49708998133  
Financial services revenue   4139122
Cost of revenue(34)(130)(57)(109)(117)(94)(91)
Cost of goods and services sold (37)(57)(109)(82)(61)(56)
Provision for loan, lease, and other losses(33)
Financial services costs(46)  (36)(34)(35)
Gross profit:15(31)117215172152109
Operating expenses(83)(54)(219)(341)(247)(182)(170)
Other undisclosed operating income  571091179491
Operating income (loss):(68)(85)(46)(17)426531
Nonoperating income (expense)(6)6(0)64(237)(5)(2)
Investment income, nonoperating(7)6 65(216)  
Other nonoperating income (expense)10(0)(1)(21)(5)(2)
Interest and debt expense(6)01(84)(53)(42)(41)
Income (loss) from continuing operations before equity method investments, income taxes:(80)(79)(45)(38)(248)18(12)
Other undisclosed income (loss) from continuing operations before income taxes(43)(74)10104(44)(306)(157)
Income (loss) from continuing operations before income taxes:(123)(153)(35)66(292)(288)(169)
Income tax expense (benefit)(0)1(3)(3)231
Income (loss) from continuing operations:(123)(152)(38)63(290)(285)(168)
Income from discontinued operations  40    
Income (loss) before gain (loss) on sale of properties:(123)(152)263(290)(285)(168)
Other undisclosed net income  48    
Net income (loss):(123)(152)5063(290)(285)(168)
Net income (loss) attributable to noncontrolling interest (0)(25)(24)0(0)0
Other undisclosed net income (loss) attributable to parent  (35)  0(0)
Net income (loss) attributable to parent:(123)(152)(10)40(290)(285)(168)
Preferred stock dividends and other adjustments(10)(33) (33)(29)(23)(15)
Other undisclosed net income (loss) available to common stockholders, basic     (0)0
Net income (loss) available to common stockholders, diluted:(133)(185)(10)7(319)(308)(183)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(123)(152)5063(290)(285)(168)
Other comprehensive income2 416433123
Other undisclosed comprehensive income (loss)     (0)0
Comprehensive income (loss):(121)(152)5480(247)(254)(145)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)(24)(24)00(0)
Comprehensive income (loss), net of tax, attributable to parent:(121)(152)3056(246)(254)(145)

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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