| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Revenue: | |||||||||
Agribusiness | |||||||||
- | - | - | - | - | - | 146,100 | 182,300 | 157,500 | 165,600 |
Revenues | |||||||||
435,200 | 644,400 | 425,500 | 387,500 | 472,800 | 456,300 | 365,200 | 261,500 | 235,100 | 261,800 |
Operating Costs and Expenses: | |||||||||
Cost of agribusiness revenue | |||||||||
- | - | - | - | - | - | 136,800 | 161,000 | 135,000 | 164,200 |
Selling, general and administrative | |||||||||
58,900 | 61,200 | 66,400 | 52,000 | 51,600 | 52,900 | 41,200 | 37,700 | 32,700 | 37,300 |
REIT evaluation/conversion costs | |||||||||
0 | 0 | 15,200 | 9,500 | 0 | 0 | - | - | - | - |
Gain on the sale of agricultural parcel | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Gain on charitable donation of appreciated land | |||||||||
- | - | - | - | - | - | - | 9,400 | 0 | 0 |
Impairment of real estate assets | |||||||||
49,700 | 79,400 | 22,400 | 11,700 | 0 | 0 | - | 5,100 | 0 | 0 |
Separation/acquisition costs | |||||||||
- | - | - | - | - | - | 4,600 | 6,800 | 0 | 0 |
Total operating costs and expenses | |||||||||
449,500 | 523,000 | 406,000 | 341,700 | 378,800 | 379,600 | 325,300 | 237,500 | 215,300 | 260,700 |
Gain (loss) on the sale of commercial real estate properties | |||||||||
0 | 51,400 | 9,300 | 8,100 | - | - | - | - | - | - |
Operating Income (Loss) | |||||||||
-14,300 | 172,800 | 28,800 | 53,900 | 94,000 | 76,700 | 39,900 | 24,000 | 19,800 | 1,100 |
Other Income and (Expenses): | |||||||||
Agriculture disaster relief payment | |||||||||
- | - | - | - | - | - | - | - | - | 4,900 |
Income (loss) related to joint ventures | |||||||||
5,300 | -4,100 | 7,200 | 19,200 | 36,800 | 1,800 | 4,300 | -4,400 | -1,800 | 4,600 |
Gain on insurance proceeds | |||||||||
- | - | - | - | - | - | 2,400 | 0 | 0 | - |
Impairment and equity losses related to joint ventures | |||||||||
- | - | - | - | - | - | 6,600 | 4,700 | 0 | 0 |
Impairment of equity method investment | |||||||||
0 | 188,600 | 0 | 0 | 2,600 | 14,700 | 0 | 0 | - | - |
Interest and other income (expense), net | |||||||||
3,200 | 2,300 | -500 | -1,700 | -2,500 | 6,100 | 2,700 | 100 | 300 | 2,700 |
Interest expense | |||||||||
33,100 | 35,300 | 25,600 | 26,300 | 26,800 | 29,000 | 19,100 | 14,900 | 17,100 | 17,300 |
Income (Loss) from Continuing Operations Before Income Taxes | |||||||||
-38,900 | -52,900 | 9,900 | 35,300 | 98,900 | 40,900 | 23,600 | 100 | 1,200 | -4,000 |
Income tax benefit (expense) | |||||||||
-2,000 | 16,300 | -218,200 | 2,600 | 37,000 | 4,100 | 11,100 | -5,900 | 1,000 | -1,700 |
Income (Loss) from Continuing Operations | |||||||||
-36,900 | -69,200 | 228,100 | 32,700 | 61,900 | - | - | - | - | - |
Net gain (loss) on the sale of improved properties and ground leased land | |||||||||
- | - | - | - | -1,100 | 0 | - | 7,300 | - | - |
Income (Loss) from Continuing Operations | |||||||||
- | - | - | - | 60,800 | 36,800 | 12,500 | 6,000 | 200 | - |
Income (loss) from discontinued operations, net of income taxes | |||||||||
-1,500 | -600 | 2,400 | -41,100 | -29,700 | 27,700 | 22,300 | 12,800 | 23,300 | - |
Net Income (Loss) | |||||||||
-38,400 | -69,800 | 230,500 | -8,400 | 31,100 | 64,500 | 34,800 | 18,800 | - | - |
Loss (income) attributable to noncontrolling interest | |||||||||
-2,000 | 2,200 | 2,200 | 1,800 | 1,500 | 3,100 | 500 | 0 | 0 | - |
Net Income | |||||||||
- | - | - | - | - | - | - | - | 23,500 | - |
Net Income (Loss) Attributable to A&B Shareholders | |||||||||
-36,400 | -72,000 | 228,300 | -10,200 | 29,600 | 61,400 | 34,300 | 18,800 | 23,500 | 33,100 |
Earnings (Loss) Per Share Available to A&B Shareholders: | |||||||||
Continuing operations available to A&B shareholders (in dollars per share) | |||||||||
-0.49 | -1.01 | 4.63 | 0.66 | 1.15 | 0.69 | 0.27 | 0.14 | 0.00 | -0.05 |
Discontinued operations available to A&B shareholders (in dollars per share) | |||||||||
-0.02 | -0.01 | 0.05 | -0.84 | - | 0.57 | 0.50 | 0.30 | 0.55 | 0.83 |
Net income (loss) available to A&B shareholders (in dollars per share) | |||||||||
-0.51 | -1.02 | 4.68 | -0.18 | 0.54 | 1.26 | 0.77 | 0.44 | 0.55 | 0.78 |
Diluted Earnings (Loss) Per Share of Common Stock: | |||||||||
Continuing operations available to A&B shareholders (in dollars per share) | |||||||||
-0.49 | -1.01 | 4.30 | 0.65 | 1.14 | 0.68 | 0.26 | 0.14 | 0.00 | -0.05 |
Discontinued operations available to A&B shareholders (in dollars per share) | |||||||||
-0.02 | -0.01 | 0.04 | -0.83 | - | 0.57 | 0.50 | 0.30 | 0.55 | 0.83 |
Net income (loss) available to A&B shareholders (in dollars per share) | |||||||||
-0.51 | -1.02 | 4.34 | -0.18 | 0.54 | 1.25 | 0.76 | 0.44 | 0.55 | 0.78 |
Weighted-Average Number of Shares Outstanding: | |||||||||
Basic (in shares) | |||||||||
72,200 | 70,600 | 49,200 | 49,000 | 48,900 | 48,700 | 44,400 | 42,600 | 42,400 | 42,400 |
Diluted (in shares) | |||||||||
72,200 | 70,600 | 53,000 | 49,400 | 49,300 | 49,300 | 45,100 | 42,900 | 42,400 | 42,400 |
Amounts Available to A&B Common Shareholders (Note 17): | |||||||||
Continuing operations available to A&B common shareholders | |||||||||
-35,100 | -71,400 | 227,700 | 32,200 | 56,200 | 33,700 | 12,000 | - | - | - |
Discontinued operations available to A&B common shareholders | |||||||||
-1,500 | -600 | 2,400 | -41,100 | -29,700 | 27,700 | 22,300 | 12,800 | 23,300 | - |
Net income (loss) available to A&B common shareholders | |||||||||
-36,600 | -72,000 | 230,100 | -8,900 | 26,500 | 61,400 | 34,300 | - | - | - |
Income from continuing operations, net of tax | |||||||||
- | - | - | - | - | - | - | 6,000 | 200 | -2,300 |
Discontinued operations, net of tax | |||||||||
- | - | - | - | - | - | - | 12,800 | 23,300 | 35,400 |
Net Income Attributable to A&B | |||||||||
-36,400 | -72,000 | 228,300 | -10,200 | 29,600 | - | - | 18,800 | 23,500 | 33,100 |
Commercial Real Estate | |||||||||
Commercial Real Estate | |||||||||
160,600 | 140,300 | 136,900 | 134,700 | 133,600 | 125,300 | 78,800 | 64,200 | 63,300 | 82,400 |
Land Operations | |||||||||
Revenues | |||||||||
114,100 | 289,500 | 84,500 | 61,900 | 120,200 | 96,700 | 85,400 | 15,000 | 14,300 | 13,800 |
Operating costs | |||||||||
92,500 | 117,100 | 60,400 | 35,000 | 71,100 | 57,400 | 46,700 | 5,200 | 8,700 | 6,800 |
Materials & Construction | |||||||||
Revenues | |||||||||
160,500 | 214,600 | 204,100 | 190,900 | 219,000 | 234,300 | 54,900 | 0 | 0 | - |
Operating costs | |||||||||
159,400 | 188,100 | 166,100 | 154,500 | 175,700 | 191,300 | 47,600 | 0 | 0 | - |
Commercial Real Estate Segment [Member] | |||||||||
Cost of Commercial Real Estate | |||||||||
89,000 | 77,200 | 75,500 | 79,000 | 80,400 | 78,000 | 48,400 | 38,400 | 38,900 | 52,400 |
12-megawatt Solar Farm and Photovoltaic Facilities [Member] | |||||||||
Impairment of equity method investment | |||||||||
- | - | - | 9,800 | - | - | - | - | - | - |