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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,66624,22912,4348,76519,00414,611
Cash and cash equivalents37,66624,22912,4348,76519,00414,611
Total current assets:37,66624,22912,4348,76519,00414,611
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 79   
Operating lease, right-of-use asset10,63110,48710,87111,378
Inventory, real estate     22,612
Regulated entity, other noncurrent assets1,1001,2002,2002,6002,8002,100
Deferred income tax assets386,00944 
Total noncurrent assets:11,84817,69613,11513,9782,80024,712
Other undisclosed assets395,626499,301518,467538,625474,689366,670
TOTAL ASSETS:445,140541,226544,016561,368496,493405,993
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt3,5194,8016,1737,6549,27011,320
Deferred revenue and credits11,320
Deferred gain on sale of property3,5194,8016,1737,6549,270
Total noncurrent liabilities:3,5194,8016,1737,6549,27011,320
Other undisclosed liabilities169,548327,812428,079419,632340,572267,283
Total liabilities:173,067332,613434,252427,286349,842278,603
Equity
Equity, attributable to parent207,248158,13798,914121,099123,986127,310
Common stock949494939393
Treasury stock, value(30,071)(21,753)(21,600)(21,509)(21,260)(21,057)
Additional paid in capital195,773188,759186,777186,082186,256185,395
Retained earnings (accumulated deficit)41,452(8,963)(66,357)(43,567)(41,103)(37,121)
Equity, attributable to noncontrolling interest64,82550,47610,85012,98322,66580
Total equity:272,073208,613109,764134,082146,651127,390
TOTAL LIABILITIES AND EQUITY:445,140541,226544,016561,368496,493405,993

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
Revenues37,49828,23661,01530,00387,60080,340
Revenue, net57,342
Operating lease, lease income12,75419,787  
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:5,7124,024(6,005)6,87713,44711,713
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 income50040016,000   
Operating income (loss):(7,763)83,660(6,041)1,2162,17323,237
Nonoperating income1,103652272362421,874
Investment income, nonoperating   111(188)187293
Other nonoperating income1,10365116424551,581
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)275305(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 operations96,820(6,208) 320  
Net income (loss):89,74363,249(24,475)(2,467)(3,986)3,884
Net income (loss) attributable to noncontrolling interest683(5,855)1,68534(5)
Net income (loss) available to common stockholders, diluted:90,42657,394(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
Net income (loss):89,74363,249(24,475)(2,467)(3,986)3,884
Comprehensive income (loss):89,74363,249(24,475)(2,467)(3,986)3,884
Comprehensive income (loss), net of tax, attributable to noncontrolling interest683(5,855)1,68534(5)
Comprehensive income (loss), net of tax, attributable to parent:90,42657,394(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.

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