Stratus Properties Inc. (STRS) Financial Statements (2024 and earlier)
Company Profile
Business Address |
212 LAVACA STREET AUSTIN, TX 78701 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 6552 - Land Subdividers and Developers, Except Cemeteries (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 37,666 | 24,229 | 12,434 | 8,765 | 19,004 | 14,611 | |||
Cash and cash equivalents | 37,666 | 24,229 | 12,434 | 8,765 | 19,004 | 14,611 | |||
Total current assets: | 37,666 | 24,229 | 12,434 | 8,765 | 19,004 | 14,611 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 79 | ✕ | ✕ | ||||||
Operating lease, right-of-use asset | 10,631 | 10,487 | 10,871 | 11,378 | ✕ | ✕ | |||
Inventory, real estate | 22,612 | ||||||||
Regulated entity, other noncurrent assets | 1,100 | 1,200 | 2,200 | 2,600 | 2,800 | 2,100 | |||
Deferred income tax assets | 38 | 6,009 | 44 | ✕ | ✕ | ||||
Total noncurrent assets: | 11,848 | 17,696 | 13,115 | 13,978 | 2,800 | 24,712 | |||
Other undisclosed assets | 395,626 | 499,301 | 518,467 | 538,625 | 474,689 | 366,670 | |||
TOTAL ASSETS: | 445,140 | 541,226 | 544,016 | 561,368 | 496,493 | 405,993 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 3,519 | 4,801 | 6,173 | 7,654 | 9,270 | 11,320 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 11,320 | ||
Deferred gain on sale of property | 3,519 | 4,801 | 6,173 | 7,654 | 9,270 | ✕ | |||
Total noncurrent liabilities: | 3,519 | 4,801 | 6,173 | 7,654 | 9,270 | 11,320 | |||
Other undisclosed liabilities | 169,548 | 327,812 | 428,079 | 419,632 | 340,572 | 267,283 | |||
Total liabilities: | 173,067 | 332,613 | 434,252 | 427,286 | 349,842 | 278,603 | |||
Equity | |||||||||
Equity, attributable to parent | 207,248 | 158,137 | 98,914 | 121,099 | 123,986 | 127,310 | |||
Common stock | 94 | 94 | 94 | 93 | 93 | 93 | |||
Treasury stock, value | (30,071) | (21,753) | (21,600) | (21,509) | (21,260) | (21,057) | |||
Additional paid in capital | 195,773 | 188,759 | 186,777 | 186,082 | 186,256 | 185,395 | |||
Retained earnings (accumulated deficit) | 41,452 | (8,963) | (66,357) | (43,567) | (41,103) | (37,121) | |||
Equity, attributable to noncontrolling interest | 64,825 | 50,476 | 10,850 | 12,983 | 22,665 | 80 | |||
Total equity: | 272,073 | 208,613 | 109,764 | 134,082 | 146,651 | 127,390 | |||
TOTAL LIABILITIES AND EQUITY: | 445,140 | 541,226 | 544,016 | 561,368 | 496,493 | 405,993 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 37,498 | 28,236 | 61,015 | 30,003 | 87,600 | 80,340 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 57,342 | |
Operating lease, lease income | 12,754 | 19,787 | ✕ | ✕ | ||||
Cost of revenue | (31,786) | (24,212) | (67,020) | (23,126) | (74,153) | (68,627) | ||
Cost of goods and services sold | (3,586) | (5,449) | (32,355) | (15,057) | (8,571) | (51,506) | ||
Gross profit: | 5,712 | 4,024 | (6,005) | 6,877 | 13,447 | 11,713 | ||
Operating expenses | (13,975) | 79,236 | (16,036) | (5,661) | (11,274) | 14,062 | ||
Other operating expense, net (Other Nonrecurring (Income) Expense) | (2,538) | |||||||
Other undisclosed operating income | 500 | 400 | 16,000 | |||||
Operating income (loss): | (7,763) | 83,660 | (6,041) | 1,216 | 2,173 | 23,237 | ||
Nonoperating income | 1,103 | 65 | 227 | 236 | 242 | 1,874 | ||
Investment income, nonoperating | 111 | (188) | 187 | 293 | ||||
Other nonoperating income | 1,103 | 65 | 116 | 424 | 55 | 1,581 | ||
Interest and debt expense | 1,529 | (8,400) | (247) | (532) | ||||
Other undisclosed loss from continuing operations before equity method investments, income taxes | (15) | (3,193) | (6,427) | (4,248) | (7,856) | (6,742) | ||
Income (loss) from continuing operations before equity method investments, income taxes: | (6,675) | 82,061 | (20,641) | (3,043) | (5,441) | 17,837 | ||
Income (loss) from equity method investments | (13) | (27) | (16) | (19) | 1,150 | (49) | ||
Income (loss) from continuing operations before income taxes: | (6,688) | 82,034 | (20,657) | (3,062) | (4,291) | 17,788 | ||
Income tax expense (benefit) | (389) | (12,577) | (3,818) | 275 | 305 | (13,904) | ||
Income (loss) from continuing operations: | (7,077) | 69,457 | (24,475) | (2,787) | (3,986) | 3,884 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 63,249 | (24,475) | (2,467) | (3,986) | 3,884 | |
Income (loss) from discontinued operations | 96,820 | (6,208) | 320 | |||||
Net income (loss): | 89,743 | 63,249 | (24,475) | (2,467) | (3,986) | 3,884 | ||
Net income (loss) attributable to noncontrolling interest | 683 | (5,855) | 1,685 | 3 | 4 | (5) | ||
Net income (loss) available to common stockholders, diluted: | 90,426 | 57,394 | (22,790) | (2,464) | (3,982) | 3,879 |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net income (loss): | 89,743 | 63,249 | (24,475) | (2,467) | (3,986) | 3,884 | ||
Comprehensive income (loss): | 89,743 | 63,249 | (24,475) | (2,467) | (3,986) | 3,884 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 683 | (5,855) | 1,685 | 3 | 4 | (5) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 90,426 | 57,394 | (22,790) | (2,464) | (3,982) | 3,879 |
Statements Sources
The financial statements are based on the Company's filings with 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.