| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | |||||||||
Net income (loss) | |||||||||
-38,400 | -69,800 | 230,500 | -8,400 | 31,100 | 64,500 | 34,800 | 18,800 | 23,500 | 33,100 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations: | |||||||||
Depreciation and amortization | |||||||||
50,500 | 42,800 | 41,400 | 119,500 | 55,700 | 55,000 | 41,700 | 35,100 | 34,800 | 35,200 |
Deferred income taxes | |||||||||
0 | 16,600 | -199,000 | -20,100 | 16,900 | 8,800 | -600 | -4,600 | -900 | 2,100 |
Loss (gain) on asset transactions, net | |||||||||
2,600 | 54,000 | 35,100 | 23,300 | 35,800 | 82,200 | 52,800 | 14,800 | 33,200 | 54,400 |
Impairment of assets and equity method investments | |||||||||
49,700 | 268,000 | 22,400 | 11,700 | - | - | 0 | - | - | - |
Gain from receipt of insurance proceeds | |||||||||
- | - | - | - | - | - | - | - | - | 1,100 |
Share-based compensation expense | |||||||||
5,400 | 4,700 | 4,400 | 4,100 | 4,700 | 4,900 | 4,200 | 5,400 | 4,800 | 4,900 |
(Income) loss from affiliates, net of distributions of income | |||||||||
1,400 | -12,900 | -5,500 | -1,400 | 3,700 | -100 | 2,900 | -8,400 | -8,400 | 2,000 |
Changes in operating assets and liabilities: | |||||||||
Trade, contracts retention, and other contract receivables | |||||||||
-8,500 | 4,200 | 2,400 | -5,000 | 3,100 | -1,600 | -3,300 | -100 | -3,700 | 1,900 |
Costs and estimated earnings in excess of billings on uncompleted contracts - net | |||||||||
- | - | - | - | 1,400 | -6,400 | -1,900 | 0 | 0 | - |
Inventories | |||||||||
-5,700 | -5,500 | -11,400 | -12,700 | -25,900 | 13,500 | 2,700 | -12,800 | 6,200 | -5,900 |
Prepaid expenses, income tax receivable and other assets | |||||||||
-28,500 | 13,200 | 23,000 | 100 | 12,500 | -6,300 | 400 | 10,000 | 4,300 | 8,200 |
Accrued pension and post-retirement benefits | |||||||||
4,600 | 3,600 | -47,400 | 6,300 | -3,600 | -2,300 | 5,200 | 4,200 | 6,400 | 14,000 |
Accounts payable | |||||||||
-12,900 | -9,000 | 3,300 | -400 | 100 | -2,300 | -4,900 | -1,500 | -2,600 | 300 |
Accrued and other liabilities | |||||||||
3,200 | 74,200 | -40,100 | 10,700 | -18,200 | -6,000 | 7,600 | -14,200 | -16,600 | -10,200 |
Real estate development for sale proceeds, net of margins recognized in net income (loss) | |||||||||
-65,100 | -58,400 | -47,600 | -7,400 | -73,000 | 53,600 | 81,700 | 8,400 | 6,400 | 5,500 |
Expenditures for real estate development for sale | |||||||||
-8,300 | -26,600 | -20,800 | -15,300 | -7,200 | 41,700 | 150,600 | 37,200 | 13,800 | 21,600 |
Net cash provided by (used in) operations | |||||||||
157,600 | 309,900 | -1,300 | 111,200 | 129,100 | 40,400 | -38,300 | 10,900 | 10,400 | 1,600 |
Cash Flows from Investing Activities: | |||||||||
Capital expenditures for acquisitions | |||||||||
218,400 | 241,700 | 10,100 | 82,400 | - | - | - | - | - | - |
Capital expenditures for property, plant and equipment | |||||||||
36,700 | 54,400 | 32,400 | 33,700 | 44,700 | 60,200 | 32,500 | 45,400 | 20,200 | 23,500 |
Capital expenditures related to 1031 commercial property transactions | |||||||||
- | - | - | - | - | 14,900 | 472,800 | 9,400 | 39,100 | - |
Proceeds from investment tax credits and grants related to Port Allen Solar Farm | |||||||||
- | - | - | - | - | 4,500 | 2,400 | 7,500 | 0 | 0 |
Proceeds from disposal of property, investments and other assets | |||||||||
4,400 | 171,700 | 47,200 | 88,800 | 48,100 | 9,500 | 1,200 | 2,200 | 8,400 | 32,500 |
Payments for purchases of investments in affiliates and other investments | |||||||||
3,300 | 22,600 | 41,900 | 47,200 | 29,400 | 75,100 | 43,400 | 17,500 | 28,000 | 100,700 |
Distributions of capital from investments in affiliates and other investments | |||||||||
13,600 | 42,300 | 33,300 | 41,300 | 44,400 | 36,200 | 5,100 | 2,900 | 7,900 | 12,900 |
Proceeds from disposals related to 1031 commercial property transactions | |||||||||
- | - | - | - | - | 85,600 | 330,800 | 18,800 | 44,700 | - |
Loans to affiliate | |||||||||
- | - | - | - | - | - | - | - | - | 20,000 |
Change in restricted cash associated with 1031 transactions | |||||||||
- | - | - | - | - | -600 | -3,200 | 9,200 | -200 | - |
Acquisition of business, net of cash (including Grace indemnity holdback) | |||||||||
- | - | - | - | - | 14,200 | 5,700 | 0 | 0 | - |
Net cash provided by (used in) investing activities | |||||||||
-240,400 | -104,700 | -3,900 | -33,200 | 18,400 | -28,000 | -211,700 | -50,100 | -26,100 | -58,800 |
Cash Flows from Financing Activities: | |||||||||
Proceeds from issuance of notes payable and other debt | |||||||||
125,900 | 548,400 | 292,500 | 272,000 | 132,000 | 283,000 | 585,000 | 134,000 | 147,000 | 134,000 |
Payments of notes payable and other debt and deferred financing costs | |||||||||
203,900 | 467,800 | 181,000 | 334,300 | 248,100 | 224,200 | 380,300 | 257,200 | 145,900 | 78,700 |
Borrowings (payments) on line-of-credit agreement, net | |||||||||
-300 | 4,700 | 2,600 | -9,900 | -3,000 | -62,300 | 51,600 | -6,000 | 1,100 | -3,600 |
Distributions to Alexander & Baldwin Holdings, Inc.(a) | |||||||||
- | - | - | - | - | - | - | 26,700 | 53,100 | 52,200 |
Contributions from Alexander & Baldwin Holdings, Inc.(a) | |||||||||
- | - | - | - | - | - | - | 172,700 | 72,800 | 54,200 |
Distribution to noncontrolling interests | |||||||||
300 | 700 | 500 | 1,400 | 1,100 | 200 | 1,100 | 0 | 0 | - |
Cash dividends paid | |||||||||
50,000 | 156,600 | 10,300 | 12,300 | 10,300 | - | - | - | - | - |
Proceeds from issuance (repurchase) of capital stock and other, net | |||||||||
1,000 | 1,500 | 7,200 | 1,200 | -1,100 | -900 | -1,000 | 11,800 | 0 | 0 |
Payment of deferred acquisition holdback | |||||||||
7,100 | 0 | 0 | - | - | - | - | - | - | - |
Dividends paid | |||||||||
- | - | - | - | - | 8,300 | 2,000 | 0 | 0 | - |
Net cash provided by (used in) financing activities | |||||||||
-136,700 | -73,500 | 96,100 | -84,700 | -131,600 | -12,900 | 252,200 | 28,600 | 21,900 | 53,700 |
Cash, Cash Equivalents and Restricted Cash | |||||||||
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
-219,500 | 131,700 | 90,900 | -6,700 | 15,900 | -500 | 2,200 | -10,600 | 6,200 | -3,500 |
Other Cash Flow Information: | |||||||||
Interest paid, net of capitalized interest | |||||||||
32,500 | 34,400 | 24,900 | 26,200 | 27,300 | 29,800 | 19,100 | 14,900 | 16,900 | 16,800 |
Income tax (payments)/refunds, net | |||||||||
-25,800 | -2,600 | 4,000 | 0 | 6,400 | 14,200 | 12,000 | 2,000 | 26,000 | -3,800 |
Noncash Investing and Financing Activities: | |||||||||
Notes payable assumed in connection with acquisitions | |||||||||
- | - | - | - | - | - | - | - | - | 6,700 |
Capital expenditures included in accounts payable and accrued and other liabilities | |||||||||
4,400 | 1,400 | 4,500 | - | - | 5,700 | 6,600 | 12,200 | 6,800 | 4,200 |
Declared distribution to noncontrolling interest | |||||||||
- | - | - | 900 | 400 | 1,100 | 200 | - | - | - |
Capital expenditures included in accounts payable and accrued and other liabilities | |||||||||
- | - | - | 1,300 | 8,000 | - | 39,000 | 0 | 0 | 8,400 |
Acquisition of Grace (issuance of equity and indemnity holdback) | |||||||||
- | - | - | - | - | - | 219,800 | 0 | 0 | - |
Issuance of shares for stock dividend | |||||||||
- | - | - | 0 | 0 | 0 | 142,200 | 0 | 0 | - |
Fair value of loan assumed in connection with acquisition | |||||||||
0 | 61,000 | 0 | 0 | - | - | - | - | - | - |
Uncollected proceeds from disposal of equipment | |||||||||
0 | 0 | 1,900 | 0 | 0 | - | - | - | - | - |
Contribution of land and development assets to joint ventures | |||||||||
- | - | - | - | 9,600 | 33,800 | 0 | - | - | - |
Tax-deferred property sales | |||||||||
- | - | - | - | - | - | - | - | - | 120,000 |
Tax-deferred property purchases | |||||||||
- | - | - | - | - | - | - | - | - | -148,400 |
Real estate exchanged for note receivable | |||||||||
0 | 0 | 2,500 | 0 | 1,900 | 3,600 | 0 | 0 | 0 | 0 |
Right-of-use ("ROU") assets and corresponding lease liability recorded upon ASC 842 adoption | |||||||||
31,000 | - | - | - | - | - | - | - | - | - |
Finance lease liabilities arising from obtaining ROU assets | |||||||||
3,400 | - | - | - | - | - | - | - | - | - |
Issuance of shares for stock dividend | |||||||||
0 | 626,400 | 0 | 8,000 | - | - | - | - | - | - |
Dividends declared | |||||||||
0 | 0 | 783,000 | 0 | 0 | - | - | - | - | - |
Asset retirement obligations | |||||||||
- | - | - | 5,400 | 6,000 | 0 | 0 | - | - | - |
Reconciliation of cash, cash equivalents and restricted cash: | |||||||||
Conversion of net investment of A&B Holdings into common stock | |||||||||
- | - | - | - | - | - | - | 926,300 | 0 | 0 |