ALEXANDER & BALDWIN, INC. ALEX Income Statement

Alexander & baldwin, inc. (ALEX)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	140,200	130,600	144,300	146,100	155,000	187,000	183,400	182,300	158,500	134,000	0	0	0
Revenues
386,600	435,200	627,200	657,500	660,500	644,400	467,500	459,600	445,600	425,500	414,000	405,400	389,300	387,500	300,000	341,800	413,500	472,800	510,500	519,200	512,200	456,300	599,800	511,200	427,100	365,200	217,200	243,700	253,200	261,500	266,500	248,400	0	0	0
Operating Costs and Expenses:
Cost of agribusiness revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	148,400	130,100	135,800	136,800	139,600	163,800	161,700	161,000	134,800	111,000	0	0	0
Selling, general and administrative
57,200	58,900	61,500	62,800	61,700	61,200	63,200	67,000	66,700	66,400	57,300	53,600	50,100	52,000	52,900	50,800	53,600	51,600	56,400	55,900	54,100	52,900	53,600	51,100	46,000	41,200	41,200	38,100	38,300	37,700	29,300	30,100	0	0	0
Goodwill, Impairment Loss
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
REIT evaluation/conversion costs
-	-	-	-	-	-	-	-	-	15,200	17,100	14,600	14,300	9,500	3,800	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on the sale of agricultural parcel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Impairment of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Separation/acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,800	6,800	6,100	0	0	0
Grace acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-
Total operating costs and expenses
404,400	449,500	565,600	532,600	532,900	523,000	447,800	444,100	426,500	406,000	373,000	358,800	344,600	341,700	228,700	275,500	335,500	378,800	422,300	429,500	421,000	379,600	527,500	450,300	380,900	325,300	207,100	218,900	231,700	237,500	231,000	218,000	0	0	0
Gain (loss) on the sale of commercial real estate properties
500	0	1,600	1,600	1,800	51,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
-17,300	-14,300	63,200	126,500	129,400	172,800	78,800	74,600	78,000	28,800	49,100	54,700	52,800	53,900	71,300	66,300	78,000	94,000	88,200	89,700	91,200	76,700	72,300	60,900	46,200	39,900	10,100	24,800	21,500	24,000	35,500	30,400	0	0	0
Other Income and (Expenses):
Income (loss) related to joint ventures
5,800	5,300	-4,300	-2,200	1,200	-4,100	6,000	5,800	3,300	7,200	23,200	19,000	18,400	19,200	9,600	12,400	14,900	36,800	32,200	30,800	27,400	1,800	2,800	2,000	2,200	4,300	1,100	-600	-2,300	-4,400	-4,700	-4,100	0	0	0
Gain on insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-
Impairment and equity losses related to joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	-	0	0
Impairment of equity method investment
-	-	-	-	-	-	-	-	-	0	-7,100	-7,300	2,000	0	10,600	10,500	2,500	2,600	1,300	16,300	14,800	14,700	15,100	0	0	-	0	-	-	-	-	-	-	-	-
Interest and other income (expense), net
1,800	3,200	3,000	6,100	4,700	2,300	1,000	-2,900	-1,600	-500	-2,800	-2,100	-1,800	-1,700	-1,500	-1,600	-2,300	-2,500	4,300	5,000	5,600	6,100	3,600	3,700	3,400	2,700	1,600	400	0	-	0	0	-	-	-
Gain on sale of investment and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Interest expense
31,800	33,100	34,300	35,200	36,000	35,300	33,500	30,500	27,800	25,600	24,700	25,000	25,600	26,300	26,700	26,800	26,600	26,800	27,600	28,300	28,900	29,000	29,000	26,000	22,700	19,100	14,900	14,300	14,400	14,900	16,100	16,700	0	0	0
Total other income and (expenses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations Before Income Taxes
-41,500	-38,900	-161,000	-93,400	-89,300	-52,900	54,900	49,200	53,900	9,900	34,000	36,100	32,000	35,300	50,200	47,800	61,500	98,900	95,800	80,900	80,500	40,900	35,700	36,400	24,900	23,600	-7,300	10,400	200	100	10,000	7,600	0	0	0
Income tax benefit (expense)
-900	-2,000	17,000	18,000	17,900	16,300	-226,400	-223,700	-220,100	-218,200	8,000	5,300	2,100	2,600	11,600	14,400	21,100	37,000	38,100	19,400	18,900	4,100	1,300	15,600	11,700	11,100	-4,900	-2,800	-5,900	-5,900	1,300	5,000	0	0	0
Income (Loss) from Continuing Operations
-	-	-	-	-	-	-	-	-	228,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on the sale of improved properties and ground leased land
-	-	-	-	-	-	-	-	-	-	0	0	8,000	-	5,100	5,000	-3,000	-1,100	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-
HC&S cessation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations
0	-	0	0	0	-	0	0	0	-	0	0	33,500	-	0	0	0	-	-	-	-	36,800	34,400	20,800	13,200	12,500	0	0	0	-	-	-	-	-	-
Income (loss) from discontinued operations, net of income taxes
-900	-1,500	-1,200	-1,300	-1,300	-600	-200	-800	-100	2,400	-10,600	-23,400	-27,900	-41,100	0	0	0	-	-	-	-	27,700	42,400	49,600	52,000	22,300	0	0	0	-	-	-	-	-	-
Net Income (Loss)
-41,500	-38,400	-179,200	-112,700	-108,500	-69,800	278,100	269,100	270,900	230,500	19,000	11,000	5,600	-8,400	-20,900	-12,500	-1,800	31,100	51,100	54,900	55,000	64,500	76,800	70,400	65,200	34,800	0	0	0	-	-	-	-	-	-
Loss (income) attributable to noncontrolling interest
-2,300	-2,000	-1,000	900	1,800	2,200	1,900	1,600	1,600	2,200	2,400	2,400	2,000	1,800	1,400	1,200	1,400	1,500	2,300	2,600	3,300	3,100	2,500	1,900	900	500	0	0	0	-	-	-	-	-	-
Net Income (Loss) Attributable to A&B Shareholders
-39,200	-36,400	-178,200	-113,600	-110,300	-72,000	276,200	267,500	269,300	228,300	16,600	8,600	3,600	-10,200	-22,300	-13,700	-3,200	29,600	48,800	52,300	51,700	61,400	74,300	68,500	64,300	34,300	21,400	30,400	21,000	18,800	16,200	15,100	0	0	0
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
-38,500	-35,100	-177,000	-112,300	-109,000	-71,400	277,000	269,400	270,700	227,700	28,800	33,500	32,900	32,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations available to A&B common shareholders
-900	-1,500	-1,200	-1,300	-1,300	-600	-200	-800	-100	2,400	-10,600	-23,400	-27,900	-41,100	0	0	0	-	-	-	-	27,700	42,400	49,600	52,000	22,300	0	0	0	-	-	-	-	-	-
Net income (loss) available to A&B common shareholders
-39,400	-36,600	-178,200	-113,600	-110,300	-72,000	276,800	268,600	270,600	230,100	18,200	10,100	5,000	-8,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-2,400	13,200	6,100	6,000	8,700	2,600	0	0	0
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	23,800	17,200	14,900	12,800	7,500	12,500	0	0	0
Net Income Attributable to A&B
-39,200	-36,400	-178,200	-113,600	-110,300	-72,000	276,200	267,500	269,300	228,300	0	0	0	-	0	0	-	-	-	-	-	-	0	0	0	-	21,400	30,400	21,000	18,800	16,200	15,100	0	0	0
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
167,200	160,600	154,000	147,200	141,900	140,300	140,400	138,400	138,400	136,900	134,100	132,900	133,600	134,700	135,100	135,400	135,700	133,600	132,500	130,800	127,000	125,300	117,900	105,400	92,100	78,800	44,800	49,300	56,800	64,200	97,600	98,500	0	0	0
Net Income (Loss) Attributable to A&B Shareholders
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land Operations
Revenues
76,600	114,100	299,300	314,800	309,200	289,500	111,400	110,000	102,800	84,500	78,000	73,500	66,900	61,900	62,000	63,800	94,000	120,200	144,100	142,400	128,100	96,700	113,800	105,700	85,700	85,400	17,400	7,400	13,000	15,000	10,400	15,900	0	0	0
Operating costs
61,100	92,500	118,600	130,100	126,700	117,100	98,300	92,600	81,800	60,400	46,400	41,600	37,200	35,000	41,500	41,300	56,000	71,100	88,200	86,900	78,800	57,400	59,600	57,500	46,500	46,700	4,600	1,400	4,300	5,200	4,900	8,000	0	0	0
Income (loss) related to joint ventures
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials & Construction
Revenues
142,800	160,500	173,900	195,500	209,400	214,600	215,700	211,200	204,400	204,100	201,900	199,000	188,800	190,900	198,400	197,300	212,700	219,000	226,600	234,000	241,100	234,300	227,900	169,500	105,000	54,900	0	0	0	-	-	-	-	-	-
Operating costs
142,300	159,400	171,900	180,400	187,300	188,100	184,500	178,300	169,900	166,100	164,700	161,400	154,200	154,500	156,500	156,200	169,300	175,700	183,500	190,800	195,000	191,300	189,500	141,500	89,700	47,600	0	0	0	-	-	-	-	-	-
Commercial Real Estate Segment [Member]
Cost of Commercial Real Estate
94,100	89,000	84,500	79,900	77,800	77,200	75,600	75,600	75,300	75,500	75,800	75,900	77,100	79,000	79,200	80,700	81,500	80,400	80,700	79,500	78,000	78,000	75,300	67,000	58,300	48,400	27,600	30,100	33,900	38,400	57,400	57,700	0	0	0