AMERICAN ASSETS TRUST, INC. AAT Balance Sheet

American assets trust, inc. (AAT)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Operating real estate
3,118	3,096	3,082	3,056	2,569	2,549	2,540	2,543	2,539	2,536	2,525	2,477	2,244	2,241	2,226	2,214	2,167	2,163	1,994	1,951	1,938	1,931	1,927	1,926	1,924	1,919	1,900	1,899	1,898	1,891	1,917	1,691	1,696	1,600	1,653	1,633	1,117
Construction in progress
90	91	73	83	77	71	60	76	74	68	66	61	54	50	52	52	86	73	229	259	232	195	153	116	89	67	62	49	34	32	34	27	4	3	4	1	0
Held for development
0	0	0	0	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	8	15	14	14	14	25	24	22	8	8
Total Real estate, at cost
3,209	3,188	3,156	3,140	2,655	2,630	2,610	2,629	2,623	2,614	2,601	2,548	2,308	2,301	2,288	2,275	2,263	2,246	2,233	2,220	2,180	2,136	2,090	2,051	2,023	1,995	1,971	1,957	1,947	1,938	1,966	1,734	1,726	1,628	1,680	1,643	1,126
Accumulated depreciation
687	665	642	621	609	590	574	595	568	537	519	502	485	469	454	441	426	411	396	386	373	361	352	341	330	318	305	295	283	270	267	255	245	224	223	240	209
Net real estate
2,521	2,523	2,514	2,518	2,046	2,039	2,035	2,033	2,054	2,076	2,081	2,045	1,823	1,831	1,833	1,834	1,837	1,834	1,837	1,833	1,806	1,775	1,738	1,710	1,692	1,676	1,665	1,661	1,664	1,668	1,698	1,478	1,480	1,403	1,456	1,402	917
Cash and cash equivalents
52	99	115	44	54	47	56	51	55	82	94	31	190	44	61	43	44	39	40	34	54	59	95	78	79	48	65	63	43	42	34	98	100	112	123	92	41
Restricted cash
4	10	10	9	9	9	9	9	9	9	10	9	9	9	10	9	9	11	25	11	10	10	11	10	10	9	10	9	8	7	10	10	10	8	8	8	4
Marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	24	26	28	29	31	-
Accounts receivable, net
8	12	9	10	9	9	8	7	8	9	8	6	7	9	8	6	7	7	8	5	5	6	7	4	6	7	7	7	7	6	6	4	5	6	6	4	1
Deferred rent receivables, net
56	52	47	42	40	39	40	39	39	38	38	37	38	38	38	38	38	38	37	37	36	35	34	33	33	32	31	30	30	29	29	27	25	22	22	21	19
Other assets, net
112	93	91	93	56	52	46	44	45	42	42	40	45	52	36	38	41	41	47	51	52	53	51	53	56	57	60	64	69	73	81	68	74	74	77	69	43
Notes receivable from affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21
Investment in real estate joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39
Assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	-	-	27
Purchase deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	-
Total assets
2,756	2,790	2,788	2,718	2,217	2,198	2,196	2,186	2,213	2,259	2,275	2,171	2,115	1,986	1,989	1,971	1,977	1,974	1,996	1,974	1,966	1,941	1,938	1,892	1,878	1,832	1,840	1,836	1,824	1,827	1,860	1,713	1,722	1,709	1,724	1,722	1,117
LIABILITIES AND EQUITY
Secured notes payable, net
110	161	162	162	162	182	204	205	205	279	279	280	315	445	467	467	494	579	579	579	711	812	953	952	952	952	1,044	1,044	1,044	1,044	964	964	964	912	943	944	828
Unsecured notes payable, net
1,196	1,195	1,195	1,045	1,045	1,045	1,045	1,045	1,045	1,045	1,044	944	844	596	596	595	545	446	450	450	350	250	100	100	100	0	-	-	-	-	-	-	-	-	-	-	38
Unsecured line of credit
-	-	0	93	86	62	20	20	33	0	0	0	0	20	0	0	20	30	25	30	20	0	0	0	0	93	-	-	-	0	141	-	-	-	-	-	-
Notes payable to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5
Accounts payable and accrued expenses
67	62	63	54	53	46	54	39	43	38	48	40	39	32	42	33	37	31	50	45	55	50	53	38	40	37	41	31	35	29	33	27	25	24	27	20	11
Security deposits payable
8	8	7	7	7	8	8	8	8	6	6	6	6	6	6	6	6	5	5	5	5	5	5	5	5	5	5	5	5	4	5	4	4	4	4	4	2
Other liabilities and deferred credits, net
92	68	61	62	55	49	47	49	48	46	47	46	47	48	62	63	53	51	52	53	55	55	55	57	58	58	59	59	60	62	61	54	55	55	57	56	38
Distributions in excess of earnings on real estate joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14
Liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	-	-	23
Total liabilities
1,475	1,496	1,490	1,426	1,411	1,395	1,381	1,368	1,384	1,415	1,427	1,318	1,253	1,148	1,174	1,166	1,157	1,145	1,163	1,164	1,198	1,175	1,167	1,154	1,156	1,145	1,149	1,140	1,145	1,141	1,205	1,051	1,051	1,029	1,034	1,025	962
Commitments and contingencies (Note 11)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EQUITY:
American Assets Trust, Inc. stockholders’ equity
Common stock, $0.01 par value, 490,000,000 shares authorized, 60,068,228 shares issued and outstanding at both March 31, 2020 and December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Additional paid-in capital
1,453	1,452	1,450	1,438	928	920	920	919	919	919	917	916	905	874	874	864	864	863	863	844	800	795	794	759	735	692	691	690	664	663	656	655	654	653	652	652	-
Accumulated dividends in excess of net income
-150	-144	-139	-135	-130	-128	-122	-120	-110	-97	-91	-88	-81	-77	-74	-71	-67	-64	-60	-64	-62	-60	-57	-54	-48	-44	-40	-35	-30	-25	-46	-40	-34	-28	-20	-15	-
Accumulated other comprehensive income
0	5	5	5	8	10	13	13	13	11	10	10	11	11	-8	-10	-3	-0	-1	-0	-0	0	0	-1	-0	0	-	-	-	-	-	-	-	-	-	-	-
Total American Assets Trust, Inc. stockholders’ equity
1,304	1,313	1,317	1,309	807	802	812	813	823	833	836	839	834	809	792	783	793	799	801	780	737	735	738	704	686	648	651	655	634	638	610	614	620	626	633	637	0
Owners in consolidated real estate entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33
Unitholders in the Operating Partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	59	-
Noncontrolling interests
-23	-20	-19	-17	-1	-0	3	3	6	10	12	13	26	28	22	22	26	29	30	29	30	31	32	33	36	38	39	41	45	47	44	47	50	53	57	59	33
Total equity
1,281	1,293	1,298	1,291	805	802	815	817	829	844	848	852	861	838	814	805	820	828	832	810	767	766	770	737	722	686	691	696	679	685	655	662	671	679	690	697	155
CAPITAL:
Total capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121
TOTAL LIABILITIES AND EQUITY
2,756	2,790	2,788	2,718	2,217	2,198	2,196	2,186	2,213	2,259	2,275	2,171	2,115	1,986	1,989	1,971	1,977	1,974	1,996	1,974	1,966	1,941	1,938	1,892	1,878	1,832	1,840	1,836	1,824	1,827	1,860	1,713	1,722	1,709	1,724	1,722	1,117
American Assets Trust, L.P.
Operating real estate
3,118	3,096	3,082	3,056	2,569	2,549	2,540	2,543	2,539	2,536	2,525	2,477	2,244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction in progress
90	91	73	83	77	71	60	76	74	68	66	61	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Held for development
0	0	0	0	9	9	9	9	9	9	9	9	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Real estate, at cost
3,209	3,188	3,156	3,140	2,655	2,630	2,610	2,629	2,623	2,614	2,601	2,548	2,308	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated depreciation
687	665	642	621	609	590	574	595	568	537	519	502	485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net real estate
2,521	2,523	2,514	2,518	2,046	2,039	2,035	2,033	2,054	2,076	2,081	2,045	1,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
52	99	115	44	54	47	56	51	55	82	94	31	190	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
4	10	10	9	9	9	9	9	9	9	10	9	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net
8	12	9	10	9	9	8	7	8	9	8	6	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent receivables, net
56	52	47	42	40	39	40	39	39	38	38	37	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets, net
112	93	91	93	56	52	46	44	45	42	42	40	45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
2,756	2,790	2,788	2,718	2,217	2,198	2,196	2,186	2,213	2,259	2,275	2,171	2,115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured notes payable, net
110	161	162	162	162	182	204	205	205	279	279	280	315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured notes payable, net
1,196	1,195	1,195	1,045	1,045	1,045	1,045	1,045	1,045	1,045	1,044	944	844	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured line of credit
-	-	0	93	86	62	20	20	33	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
67	62	63	54	53	46	54	39	43	38	48	40	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Security deposits payable
8	8	7	7	7	8	8	8	8	6	6	6	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities and deferred credits, net
92	68	61	62	55	49	47	49	48	46	47	46	47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
1,475	1,496	1,490	1,426	1,411	1,395	1,381	1,368	1,384	1,415	1,427	1,318	1,253	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income
1	7	7	7	12	14	19	18	18	-	14	14	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited partners' capital, 16,390,548 units issued and outstanding as of both March 31, 2020 and December 31, 2019
-23	-22	-20	-19	-5	-4	-2	-1	1	-	8	9	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General partner's capital, 60,068,228 units issued and outstanding as of both March 31, 2020 and December 31, 2019
1,303	1,308	1,312	1,303	798	792	798	800	809	-	826	828	823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total capital
1,281	1,293	1,298	1,291	805	802	815	817	829	844	848	852	861	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES AND EQUITY
2,756	2,790	2,788	2,718	2,217	2,198	2,196	2,186	2,213	2,259	2,275	2,171	2,115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income (Loss)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	10	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-