Alexander & baldwin, inc. (ALEX)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Dec'11
ASSETS
Real estate investments
Real estate property

1,537

1,540

1,531

1,501

1,342

1,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated depreciation

133

127

124

118

112

107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate property, net

1,403

1,412

1,407

1,383

1,229

1,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate developments

81

79

93

125

136

155

141

139

142

151

151

184

184

179

192

188

184

183

181

179

199

224

254

252

248

249

246

152

147

144

144

158

143

Real estate development inventory and property held for sale

-

-

-

-

-

-

23

15

15

67

63

2

0

1

-

-

-

0

0

6

0

2

0

0

8

15

26

1

1

11

1

1

2

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

8

8

-

9

7

7

7

7

7

7

7

4

4

3

Income tax receivable

-

-

-

-

-

-

-

-

25

27

25

9

10

10

11

5

11

14

4

4

2

6

4

0

0

1

9

-

-

4

-

-

-

Total current assets

-

-

-

-

-

-

174

167

178

274

239

159

130

138

144

143

157

152

152

183

179

167

175

183

190

169

149

71

74

63

70

83

68

Investments in Affiliates

-

-

-

-

-

-

379

388

397

401

402

398

395

390

430

432

422

416

413

409

403

418

348

342

344

341

327

326

324

319

312

290

290

Investments in real estate joint ventures and partnerships

133

133

135

137

140

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate intangible assets, net

71

74

78

82

61

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate investments, net

1,690

1,700

1,715

1,728

1,567

1,542

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

131

15

7

5

3

11

7

9

26

68

13

11

15

2

5

6

3

1

4

2

3

2

9

6

5

3

4

0

1

1

4

2

11

Restricted cash

6

0

0

0

187

223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

44

51

67

70

68

49

60

54

37

34

34

39

30

32

38

29

38

38

36

43

35

33

29

41

32

36

42

6

9

8

7

7

6

Contracts retention

-

-

-

-

-

11

-

-

12

13

12

12

12

13

12

12

12

11

10

9

9

9

9

9

8

9

-

-

-

0

-

-

-

Inventories

20

20

23

28

29

26

32

28

29

31

30

34

28

43

47

66

63

55

66

79

85

81

81

92

94

68

52

49

47

23

42

60

36

Other property, net

122

124

131

127

128

135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

20

21

22

28

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, Plant and Equipment, Net

-

-

-

-

-

-

1,322

1,321

1,317

1,147

1,212

1,235

1,226

1,231

1,256

1,275

1,337

1,269

1,288

1,286

1,296

1,301

1,263

1,266

1,271

1,273

1,009

875

862

838

843

832

830

Intangible Assets – Net

-

-

-

-

-

-

75

77

80

46

48

50

51

53

55

58

60

54

56

58

61

63

64

67

70

74

-

-

-

8

-

-

-

Deferred Income Taxes

-

-

-

-

-

-

17

18

18

16

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

15

15

15

65

65

65

102

102

102

102

102

102

102

102

102

102

102

102

102

102

102

102

102

100

100

99

9

-

-

0

-

-

-

Other receivables, net of allowance for credit losses and allowance for doubtful accounts of $4.6 million and $1.6 million as of March 31, 2020 and December 31, 2019, respectively

15

27

28

28

54

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

9

9

19

16

20

20

15

18

16

16

14

14

16

13

13

14

15

13

11

13

10

-

-

-

0

-

-

-

Prepaid expenses and other assets, net of allowance for credit losses and allowance for doubtful accounts of $0.1 million and $0 million as of March 31, 2020 and December 31, 2019, respectively

107

107

109

102

115

93

41

38

14

11

39

34

15

19

12

9

14

14

11

15

20

15

18

15

18

17

7

4

6

6

10

8

7

Restricted Cash and Cash Equivalents

-

-

-

-

-

-

0

0

17

34

-

-

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

-

-

-

-

-

-

62

57

57

56

51

47

70

49

42

39

53

63

50

50

46

43

86

70

71

75

103

92

80

63

67

59

53

Total assets

2,174

2,084

2,121

2,184

2,249

2,225

2,276

2,272

2,310

2,231

2,208

2,177

2,160

2,156

2,224

2,239

2,319

2,242

2,245

2,269

2,288

2,321

2,295

2,283

2,295

2,283

1,845

1,518

1,490

1,437

1,438

1,424

1,386

LIABILITIES AND EQUITY
Liabilities:
Notes payable and other debt

819

704

732

727

775

778

741

755

795

585

584

530

511

472

523

532

591

496

546

568

589

631

637

630

634

605

587

285

270

220

244

223

327

Accounts payable

12

17

15

19

26

34

33

40

32

43

36

32

31

35

30

27

28

35

30

35

32

37

37

32

31

32

22

23

24

26

20

27

20

Operating lease liabilities

21

21

23

28

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued pension and post-retirement benefits

26

26

31

30

30

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Indemnity holdbacks

7

7

7

14

16

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

67

67

68

65

65

63

-

-

-

2

2

0

1

17

-

-

1

0

1

2

1

16

1

0

13

17

-

-

-

0

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

5

-

-

3

-

2

3

2

3

2

3

2

2

1

1

2

3

3

4

4

4

-

-

-

0

-

-

-

Accrued and other liabilities

102

103

107

97

92

81

46

43

21

39

28

29

26

31

36

33

33

34

33

32

28

35

33

30

26

33

25

27

22

22

27

28

28

Notes payable and current portion of long-term debt

-

-

-

-

-

-

37

35

42

46

41

44

48

42

82

88

91

90

47

48

71

74

46

46

51

105

26

21

20

15

8

28

34

Income taxes - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

12

-

-

-

-

-

-

-

-

Accrued interest

-

-

-

-

-

-

-

-

5

-

3

5

3

6

3

5

3

5

3

5

3

5

3

5

3

5

2

4

1

5

-

-

3

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

3

2

3

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Indemnity holdback related to Grace acquisition

-

-

-

-

-

-

-

-

9

9

9

9

9

9

9

9

9

9

9

9

9

9

23

23

18

18

-

-

-

0

-

-

-

HC&S cessation-related liabilities

-

-

-

-

-

-

-

-

4

-

5

5

6

19

16

17

14

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued dividends

-

-

-

-

-

-

0

0

0

783

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to former affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Total current liabilities

-

-

-

-

-

-

120

120

123

926

129

128

130

165

181

184

186

184

127

136

148

183

149

148

162

218

87

76

69

69

56

83

90

Long-term Liabilities:
Deferred income taxes

-

-

-

-

-

-

-

-

-

-

202

182

182

182

184

183

197

202

210

210

205

185

194

200

194

193

149

146

148

152

156

156

164

Accrued retirement benefits

-

-

-

-

-

-

23

23

20

22

16

63

64

64

58

58

59

59

53

53

54

54

31

32

36

37

59

59

58

58

54

55

54

Other non-current liabilities

-

-

-

-

-

-

34

34

38

34

41

43

45

47

49

52

52

60

52

51

50

51

52

52

58

60

27

22

23

21

22

24

24

Total long-term liabilities

-

-

-

-

-

-

798

812

854

645

844

820

804

767

816

826

901

818

862

884

900

923

916

916

924

896

823

513

499

453

476

459

570

Total liabilities

1,057

949

985

984

1,036

1,009

919

933

977

1,572

974

948

-

932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and Contingencies

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Redeemable Noncontrolling Interest

6

6

7

7

7

7

8

8

8

8

10

10

10

10

11

11

11

11

9

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Equity:
Common stock - no par value; authorized, 150 million shares; outstanding, 72.3 million shares at March 31, 2020 and December 31, 2019, respectively

1,801

1,800

1,797

1,795

1,794

1,793

1,792

1,790

1,789

1,161

1,160

1,158

1,157

1,157

1,156

1,154

1,153

1,151

1,150

1,149

1,147

1,147

1,147

1,146

1,144

1,140

943

942

940

939

938

928

0

Preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Net investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

773

Accumulated other comprehensive income (loss)

-55

-48

-55

-54

-52

-51

-38

-39

-40

-42

-41

-42

-42

-43

-43

-44

-44

-45

-42

-43

-43

-44

-28

-28

-29

-30

-45

-46

-46

-47

-45

-46

-47

Distributions in excess of accumulated earnings

-638

-626

-617

-554

-541

-538

-410

-426

-428

-473

99

96

95

95

98

103

106

117

134

131

123

101

99

91

83

49

36

31

26

21

13

-

0

Total A&B shareholders' equity

1,107

1,125

1,124

1,187

1,200

1,202

1,343

1,325

1,320

646

1,218

1,213

1,210

1,209

1,211

1,213

1,216

1,223

1,242

1,237

1,227

1,203

1,218

1,208

1,199

1,159

934

927

921

914

905

881

725

Noncontrolling interest

3

3

3

4

5

5

5

5

4

4

4

4

3

3

3

3

3

3

3

11

11

10

10

10

9

8

-

-

-

0

-

-

-

Total equity

1,110

1,128

1,128

1,192

1,205

1,208

1,348

1,330

1,325

651

1,223

1,217

1,214

1,213

1,214

1,217

1,219

1,227

1,245

1,249

1,239

1,214

1,229

1,219

1,208

1,168

-

-

-

914

-

-

-

Total liabilities and equity

2,174

2,084

2,121

2,184

2,249

2,225

2,276

2,272

2,310

2,231

2,208

2,177

2,160

2,156

2,224

2,239

2,319

2,242

2,245

2,269

2,288

2,321

2,295

2,283

2,295

2,283

1,845

1,518

1,490

1,437

1,438

1,424

1,386