Arbor Realty Trust, Inc. ABR Income Statement

Arbor realty trust, inc. (ABR)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income
315,940	251,768	156,177	116,173	106,769	106,716	99,031	79,998	73,867	95,487	117,262
Other interest income, net
-	-	-	-	7,884	-	-	-	-	-	-
Interest expense
186,399	153,818	90,072	63,623	49,720	47,903	42,065	40,866	51,651	62,979	80,102
Net interest income
129,541	97,950	66,105	55,089	64,933	58,812	56,966	39,131	22,215	32,508	37,160
Other revenue:
Gain on sales, including fee-based services, net
65,652	70,002	72,799	24,594	-	-	-	-	-	-	-
Mortgage servicing rights
90,761	98,839	76,820	44,941	-	-	-	-	-	-	-
Servicing revenue, net
54,542	46,034	29,210	9,054	-	-	-	-	-	-	-
Property operating income
9,674	10,095	10,973	14,881	-	32,641	30,127	30,173	21,937	-	-
Other income, net
-784	8,161	685	1,041	270	1,645	2,290	1,280	188	1,069	809
Total other revenue
219,845	233,131	190,487	94,511	27,936	34,286	32,417	31,454	22,125	1,069	809
Other expenses:
Employee compensation and benefits
122,102	110,470	92,126	38,647	17,500	13,978	12,042	10,173	11,195	8,059	10,154
Selling and administrative
40,329	37,074	30,738	17,587	9,392	9,600	10,603	7,882	7,325	6,996	10,505
Acquisition costs
-	-	-	10,262	3,134	-	-	-	-	-	-
Property operating expenses
10,220	10,431	10,482	13,501	-	27,857	26,728	27,963	20,122	-	-
Depreciation and amortization
7,510	7,453	7,385	5,022	5,436	7,371	7,250	5,794	4,789	-	-
Impairment loss on real estate owned
1,000	2,000	3,200	11,200	-	250	1,000	-	1,450	-	4,898
Provision for loss sharing (net of recoveries)
1,147	3,843	-259	2,235	-	-	-	-	-	-	-
Provision for credit losses (net of recoveries)
-	8,353	-456	-134	4,467	-308	4,287	22,946	38,542	82,811	241,328
Litigation settlement gain
-	10,170	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment
-	-	-	-	-	-	-	-	-	7,004	10,260
Loss on sale and restructuring of loans
-	-	-	-	-	-	-	-	5,710	7,214	57,579
Management fee - related party
-	-	6,673	12,600	10,900	9,900	10,900	10,000	8,300	26,365	15,136
Total other expenses
182,308	169,454	149,889	110,920	74,067	68,649	72,812	84,760	95,987	138,452	344,963
(Loss) income before extinguishment of debt, income from equity affiliates and income taxes
167,078	161,627	106,703	38,680	18,802	-	-	-	-51,645	-	-
Loss from continuing operations before, gain on extinguishment of debt, loss on sale of securities, net, (loss) income from equity affiliates and benefit (provision) for income taxes
-	-	-	-	-	-	-	-	-	-104,874	-306,993
Gain on exchange of profits interest
-	-	-	-	-	-	-	-	-	-	55,988
Loss on extinguishment of debt
-7,439	-5,041	7,116	-	-	-	4,930	30,459	10,878	229,321	54,080
Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate, gain on sale of equity interests, incentive management fee, income from equity affiliates and provision for income taxes
-	-	-	-	-	24,450	16,572	-14,174	-	-	-
Gain on acceleration of deferred income
-	-	-	-	19,172	-	-	-	-	-	-
Loss on termination of swaps
-	-	-	-	-4,630	-	-	-	-	-	-8,729
Gain on sale of real estate
-	-	-	11,631	7,784	1,603	-	3,953	-	1,331	-
Gain on sale of equity interests
-	-	-	-	-	85,793	-	-	-	-	-
Incentive management fee - equity interest - related party
-	-	-	-	-	19,047	-	-	-	-	-
Loss on sale of securities, net
-	-	-	-	-	-	-	-	-	-6,989	-
Income from equity affiliates
10,635	1,196	-2,951	12,995	12,301	248	-204	-697	3,671	-1,259	-438
Income before benefit from income taxes
-	-	-	-	-	-	-	15,586	-37,096	116,197	-206,093
Benefit for income taxes
15,036	9,731	13,359	825	-	-	-	-801	-	2,560	-
Income from continuing operations
-	-	-	-	-	-	-	16,388	-37,096	113,637	-206,093
Income from operations of real estate held-for-sale
-	-	-	-	-	-	-	1,374	-1,549	-1,842	-966
Net (loss) income
155,238	148,051	97,509	62,481	53,429	93,048	-	21,716	-40,096	113,125	-211,958
Income from discontinued operations
-	-	-	-	-	-	-	5,328	-2,999	-511	-5,865
Net income
-	-	-	-	-	-	21,298	-	-	-	-
Preferred stock dividends
7,554	7,554	7,554	7,554	7,554	7,256	4,506	-	-	-	-
Net (loss) income attributable to noncontrolling interest
26,610	32,185	24,120	12,131	-	-	124	215	215	215	18,672
Net (loss) attributable to common stockholders
121,074	108,312	65,835	42,796	45,875	85,792	16,667	21,500	-40,311	112,910	-230,631
Basic earnings per common share:
Income from continuing operations, net of noncontrolling interest and preferred stock dividends (in dollars per share)
-	-	-	-	-	-	-	0.60	-1.49	4.46	-8.88
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	0.20	-0.12	-0.02	-0.23
Basic (loss) earnings per common share (in dollars per share)
1.30	1.54	1.14	0.83	0.90	1.71	0.39	0.80	-1.61	4.44	-9.11
Diluted earnings per common share:
Income from continuing operations, net of noncontrolling interest and preferred stock dividends (in dollars per share)
-	-	-	-	-	-	-	0.59	-1.49	4.41	-8.88
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	0.20	-0.12	-0.02	-0.23
Diluted (loss) earnings per common share (in dollars per share)
1.27	1.50	1.12	0.83	0.90	1.70	0.39	0.79	-1.61	4.39	-9.11
Weighted average shares outstanding:
Basic (in shares)
92,851	70,208	57,890	51,305	50,857	50,143	42,399	26,956	24,968	25,424	25,313
Diluted (in shares)
116,192	93,642	80,311	51,730	51,007	50,368	42,835	27,211	24,968	25,741	25,313