ALEXANDER & BALDWIN, INC. ALEX Income Statement

Alexander & baldwin, inc. (ALEX)

Income statement / Quarterly

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	Sep'11	Jun'11
Operating Revenue:
Agribusiness
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,800	25,800	28,900	-	45,500	29,800	12,900	52,000	35,900	43,500	14,700	60,900	67,900	39,900	13,600	37,100	43,400
Revenues
80,800	107,600	89,100	109,100	129,400	299,600	119,400	112,100	113,300	122,700	111,500	98,100	93,200	111,200	102,900	82,000	91,400	23,700	144,700	153,700	150,700	61,400	153,400	146,700	94,800	204,900	64,800	62,600	32,900	56,900	91,300	72,100	41,200	61,900	73,200
Operating Costs and Expenses:
Cost of agribusiness revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,800	30,500	26,800	-	52,700	29,200	9,800	56,700	34,400	34,900	10,800	59,500	58,600	32,800	10,100	33,300	34,800
Selling, general and administrative
13,800	13,900	13,300	16,200	15,500	16,500	14,600	15,100	15,000	18,500	18,400	14,800	14,700	9,400	14,700	11,300	16,600	10,300	12,600	14,100	14,600	15,100	12,100	12,300	13,400	15,800	9,600	7,200	8,600	15,800	6,500	7,400	8,000	7,400	7,300
Goodwill, Impairment Loss
-	-	49,700	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
REIT evaluation/conversion costs
-	-	-	-	-	-	-	-	-	3,800	4,400	2,200	4,800	5,700	1,900	1,900	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on the sale of agricultural parcel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,300	-	-	0	-
Impairment of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,100	-	0	0
Separation/acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700	4,400	1,700	0	0
Grace acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	2,000	1,500	-	-	0	0	-	-	-
Total operating costs and expenses
71,100	94,700	134,700	103,900	116,200	210,800	101,700	104,200	106,300	135,600	98,000	86,600	85,800	102,600	83,800	72,400	82,900	-10,400	130,600	132,400	126,200	33,100	137,800	123,900	84,800	181,000	60,600	54,500	29,200	62,800	72,400	67,300	35,000	56,300	59,400
Gain (loss) on the sale of commercial real estate properties
500	0	0	0	0	1,600	0	200	49,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
10,200	12,900	-45,600	5,200	13,200	90,400	17,700	8,100	56,600	-3,600	13,500	11,500	7,400	16,700	19,100	9,600	8,500	34,100	14,100	21,300	24,500	28,300	15,600	22,800	10,000	23,900	4,200	8,100	3,700	-5,900	18,900	4,800	6,200	5,600	13,800
Other Income and (Expenses):
Income (loss) related to joint ventures
3,200	-800	2,400	1,000	2,700	-10,400	4,500	4,400	-2,600	-300	4,300	1,900	1,300	15,700	100	1,300	2,100	6,100	2,900	3,800	24,000	1,500	1,500	400	-1,600	2,500	700	600	500	-700	-1,000	-1,100	-1,600	-1,000	-400
Gain on insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	1,300	-	-	-	0	-	-	-	-
Impairment and equity losses related to joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	6,600	-	-	-	0	4,700	-	0	0
Impairment of equity method investment
-	-	-	-	-	-	-	-	-	-2,600	400	200	2,000	-9,700	200	9,500	0	900	100	1,500	100	-400	15,100	0	0	-	0	-	-	-	-	-	-	-	-
Interest and other income (expense), net
200	400	600	600	1,600	200	3,700	-800	-800	-1,100	-200	500	300	-3,400	500	800	400	-3,200	400	100	200	3,600	1,100	700	700	1,100	1,200	400	0	-	0	0	-	-	-
Gain on sale of investment and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,500
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	200
Interest expense
7,800	7,700	8,200	8,100	9,100	8,900	9,100	8,900	8,400	7,100	6,100	6,200	6,200	6,200	6,400	6,800	6,900	6,600	6,500	6,600	7,100	7,400	7,200	7,200	7,200	7,400	4,200	3,900	3,600	3,200	3,600	4,000	4,100	4,400	4,200
Total other income and (expenses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,900	-6,200	4,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations Before Income Taxes
5,800	4,800	-50,800	-1,300	8,400	-117,300	16,800	2,800	44,800	-9,500	11,100	7,500	800	14,600	13,200	3,400	4,100	29,500	10,800	17,100	41,500	26,400	-4,100	16,700	1,900	21,200	-3,400	5,200	600	-9,700	14,300	-5,000	500	200	11,900
Income tax benefit (expense)
0	-900	0	0	-1,100	18,100	1,000	-100	-2,700	-224,600	3,700	3,500	-800	1,600	1,000	300	-300	10,600	3,800	7,000	15,600	11,700	-14,900	6,500	800	8,900	-600	2,600	200	-7,100	1,500	-500	200	100	5,200
Income (Loss) from Continuing Operations
-	-	-	-	-	-	-	-	-	215,100	7,400	4,000	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on the sale of improved properties and ground leased land
-	-	-	-	-	-	-	-	-	-	0	0	3,000	-	100	8,000	0	-3,000	0	0	1,900	-	-	0	0	-	-	-	-	-	-	-	-	-	-
HC&S cessation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations
5,800	-	-50,800	-1,300	9,500	-	15,800	2,900	47,500	-	7,400	4,000	4,600	-	12,200	3,100	3,800	-	-	-	-	14,700	10,800	10,200	1,100	12,300	-2,800	2,600	400	-	-	-	-	-	-
Income (loss) from discontinued operations, net of income taxes
-200	-700	-100	100	-800	-400	-200	100	-100	0	-800	800	2,400	-13,000	-13,600	-3,700	-10,800	-	-	-	-	-6,600	0	0	34,300	8,100	7,200	2,400	4,600	-	-	-	-	-	-
Net Income (Loss)
5,600	5,000	-50,900	-1,200	8,700	-135,800	15,600	3,000	47,400	212,100	6,600	4,800	7,000	600	-1,400	-600	-7,000	-11,900	7,000	10,100	25,900	8,100	10,800	10,200	35,400	20,400	4,400	5,000	5,000	-	-	-	-	-	-
Loss (income) attributable to noncontrolling interest
-600	-200	-1,100	-400	-300	800	800	500	100	500	500	500	700	700	500	100	500	300	300	300	600	1,100	600	1,000	400	500	0	0	0	-	-	-	-	-	-
Net Income (Loss) Attributable to A&B Shareholders
6,200	5,200	-49,800	-800	9,000	-136,600	14,800	2,500	47,300	211,600	6,100	4,300	6,300	-100	-1,900	-700	-7,500	-12,200	6,700	9,800	25,300	7,000	10,200	9,200	35,000	19,900	4,400	5,000	5,000	7,000	13,400	-4,400	2,800	4,400	12,300
Earnings (Loss) Per Share Available to A&B Shareholders:
Continuing operations available to A&B shareholders (in dollars per share)
0.09	0.08	-0.69	-0.01	0.13	-1.96	0.21	0.03	0.71	4.31	0.15	0.08	0.09	0.27	0.25	0.06	0.08	-	-	-	-	0.28	0.21	0.19	0.01	0.26	-0.06	0.06	0.01	-0.07	0.30	-0.10	0.01	0.00	0.16
Discontinued operations available to A&B shareholders (in dollars per share)
0.00	-0.01	0.00	0.00	-0.01	-0.01	0.00	0.00	0.00	0.00	-0.02	0.02	0.05	-0.26	-0.28	-0.07	-0.23	-	-	-	-	-0.14	0.00	0.00	0.71	0.18	0.16	0.05	0.11	0.23	0.01	0.00	0.06	0.10	0.13
Net income (loss) available to A&B shareholders (in dollars per share)
0.09	0.07	-0.69	-0.01	0.12	-1.97	0.21	0.03	0.71	4.31	0.13	0.10	0.14	0.01	-0.03	-0.01	-0.15	-0.29	0.11	0.20	0.52	0.14	0.21	0.19	0.72	0.44	0.10	0.11	0.12	0.16	0.31	-0.10	0.07	0.10	0.29
Diluted Earnings (Loss) Per Share of Common Stock:
Continuing operations available to A&B shareholders (in dollars per share)
0.09	0.08	-0.69	-0.01	0.13	-1.90	0.20	0.03	0.66	3.99	0.15	0.07	0.09	0.27	0.24	0.06	0.08	-	-	-	-	0.27	0.21	0.19	0.01	0.25	-0.06	0.06	0.01	-0.07	0.30	-0.10	0.01	0.00	0.16
Discontinued operations available to A&B shareholders (in dollars per share)
0.00	-0.01	0.00	0.00	-0.01	-0.01	0.00	0.00	0.00	-0.01	-0.02	0.02	0.05	-0.27	-0.27	-0.07	-0.22	-	-	-	-	-0.13	0.00	0.00	0.70	0.18	0.16	0.05	0.11	0.23	0.01	0.00	0.06	0.10	0.13
Net income (loss) available to A&B shareholders (in dollars per share)
0.09	0.07	-0.69	-0.01	0.12	-1.91	0.20	0.03	0.66	3.98	0.13	0.09	0.14	0.00	-0.03	-0.01	-0.14	-0.28	0.11	0.20	0.51	0.14	0.21	0.19	0.71	0.43	0.10	0.11	0.12	0.16	0.31	-0.10	0.07	0.10	0.29
Weighted-Average Number of Shares Outstanding:
Basic (in shares)
72,300	72,200	72,300	72,200	72,100	72,000	72,000	72,000	66,400	49,300	49,200	49,200	49,100	49,100	49,000	49,000	48,900	49,000	48,900	48,900	48,800	48,600	48,800	48,700	48,700	48,400	43,100	43,100	43,000	43,000	42,600	42,400	42,400	42,400	-
Diluted (in shares)
72,500	71,800	72,300	72,200	72,500	65,500	72,400	72,300	72,200	63,200	49,600	49,600	49,600	49,500	49,400	49,400	49,300	49,100	49,400	49,400	49,300	49,400	49,300	49,300	49,200	49,300	43,800	43,700	43,600	43,500	43,300	42,400	42,400	42,400	-
Amounts Available to A&B Common Shareholders (Note 17):
Continuing operations available to A&B common shareholders
6,400	5,700	-49,700	-900	9,800	-136,200	15,000	2,400	47,400	212,200	7,400	3,700	4,400	13,300	12,100	3,100	3,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations available to A&B common shareholders
-200	-700	-100	100	-800	-400	-200	100	-100	0	-800	800	2,400	-13,000	-13,600	-3,700	-10,800	-	-	-	-	-6,600	0	0	34,300	8,100	7,200	2,400	4,600	-	-	-	-	-	-
Net income (loss) available to A&B common shareholders
6,200	5,000	-49,800	-800	9,000	-136,600	14,800	2,500	47,300	212,200	6,600	4,500	6,800	300	-1,500	-600	-7,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,200	9,200	700	-	-2,800	2,600	400	-2,600	12,800	-4,500	300	100	6,700
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	34,300	-	7,200	2,400	4,600	9,600	600	100	2,500	4,300	5,600
Net Income Attributable to A&B
6,200	5,200	-49,800	-800	9,000	-136,600	14,800	2,500	47,300	211,600	6,100	4,300	6,300	-	-1,900	-700	-	-	-	-	-	-	10,200	9,200	35,000	-	4,400	5,000	5,000	7,000	13,400	-4,400	2,800	4,400	12,300
Cash dividends per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.06	-	-	0.05	0.05	0.05	-	0.04	0.04	0.04	-	0.00	0.00	0.00	-	-	-	-	-	-
Basic and Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,400
Commercial Real Estate
Commercial Real Estate
43,400	42,000	42,700	39,100	36,800	35,400	35,900	33,800	35,200	35,500	33,900	33,800	33,700	32,700	32,700	34,500	34,800	33,100	33,000	34,800	32,700	32,000	31,300	31,000	31,000	24,600	18,800	17,700	17,700	-9,400	23,300	25,200	25,100	24,000	24,200
Net Income (Loss) Attributable to A&B Shareholders
-	-	-	-	-	-	-	-	-	-	6,100	4,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land Operations
Revenues
11,500	31,700	8,500	24,900	49,000	216,900	24,000	19,300	29,300	38,800	22,600	12,100	11,000	32,300	18,100	5,500	6,000	32,400	19,900	35,700	32,200	56,300	18,200	21,400	800	73,400	10,100	1,400	500	5,400	100	7,000	2,500	800	5,600
Operating costs
8,000	24,000	5,900	23,200	39,400	50,100	17,400	19,800	29,800	31,300	11,700	9,000	8,400	17,300	6,900	4,600	6,200	23,800	6,700	19,300	21,300	40,900	5,400	11,200	-100	43,100	3,300	200	100	1,000	100	3,100	1,000	700	3,200
Income (loss) related to joint ventures
-	-	-	-	-	-	-	-	-	-	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials & Construction
Revenues
25,900	33,900	37,900	45,100	43,600	47,300	59,500	59,000	48,800	48,400	55,000	52,200	48,500	46,200	52,100	42,000	50,600	53,700	51,000	57,400	56,900	61,300	58,400	64,500	50,100	54,900	0	0	0	-	-	-	-	-	-
Operating costs
25,000	32,100	42,000	43,200	42,100	44,600	50,500	50,100	42,900	41,000	44,300	41,700	39,100	39,600	41,000	34,500	39,400	41,600	40,700	47,600	45,800	49,400	48,000	51,800	42,100	47,600	0	0	0	-	-	-	-	-	-
Commercial Real Estate Segment [Member]
Cost of Commercial Real Estate
24,300	24,700	23,800	21,300	19,200	20,200	19,200	19,200	18,600	18,600	19,200	18,900	18,800	18,900	19,300	20,100	20,700	19,100	20,800	20,900	19,600	19,400	19,600	19,400	19,600	16,700	11,300	10,700	9,700	-4,100	13,800	14,500	14,200	14,900	14,100