Apollo Commercial Real Estate Finance, Inc. ARI Income Statement

Apollo commercial real estate finance, inc. (ARI)

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	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10	Dec'09
Net interest income:
Interest income from securities, held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	11,469	11,301	11,382	11,905	12,054	12,515	11,007	7,658	4,613	1,448	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Interest income from commercial mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,153	9,009	8,534	0	0	0	-
Interest income from commercial mortgage loans
326,044	322,475	312,155	302,198	289,881	263,709	234,376	204,400	176,348	158,632	142,890	129,147	116,198	102,927	91,573	79,297	67,125	56,092	46,574	39,415	33,885	27,802	22,286	19,215	16,453	16,034	15,152	13,023	12,138	10,780	12,667	13,626	14,002	13,677	10,812	8,823	0	0	0	0
Interest income from subordinate loans and other lending assets
158,112	164,933	160,247	154,134	147,166	140,180	149,229	159,189	164,754	165,291	154,044	138,983	127,410	122,395	115,272	108,510	101,595	90,830	82,228	76,537	73,623	69,743	66,748	59,178	52,438	49,162	42,486	36,446	30,807	24,666	0	0	0	-	-	-	-	-	-	-
Interest income from securities
-	-	-	-	-	-	-	-	-	14,598	17,280	22,684	25,591	27,586	32,028	32,292	32,950	33,188	33,120	30,956	27,057	21,189	16,547	12,951	11,599	12,267	11,754	12,895	13,111	15,347	18,131	20,773	23,991	25,324	23,776	21,574	0	0	0	0
Interest income from repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	368	2,729	4,729	6,286	7,496	6,711	6,263	4,764	0	0	0	-	-	-
Interest expense
157,836	152,926	141,560	133,226	128,152	114,597	104,151	92,999	83,767	78,057	72,229	69,630	66,147	63,759	59,895	55,826	52,021	48,861	47,326	42,925	36,266	26,541	17,251	9,350	5,047	4,358	4,371	5,254	6,228	8,402	10,557	12,505	14,357	14,454	13,766	12,704	0	0	0	0
Net interest income
326,320	334,482	330,842	323,106	308,895	289,292	280,673	274,434	265,879	260,464	244,857	226,931	211,625	200,618	190,279	175,655	161,554	143,303	127,111	114,990	105,957	96,806	89,778	81,994	75,443	73,107	65,389	59,839	54,557	48,677	47,320	44,320	42,052	38,464	33,019	27,839	0	0	0	0
Operating expenses:
General and administrative expenses (includes equity-based compensation of $4,263 and $3,901 in 2020 and 2019, respectively)
24,477	24,097	22,541	22,545	21,623	20,470	21,631	20,417	19,965	20,725	19,114	22,837	22,559	24,986	24,438	18,185	15,322	9,492	8,309	7,644	7,064	6,151	6,793	7,152	7,110	7,563	6,440	7,077	8,402	8,543	8,791	7,658	6,308	5,652	5,449	5,542	0	0	0	0
Management fees to related party
41,389	40,734	40,110	39,191	37,945	36,424	34,789	33,583	32,312	31,652	30,498	28,092	25,592	23,389	21,668	19,862	18,507	16,619	14,561	13,657	12,736	11,960	11,351	10,783	10,417	10,012	9,425	8,318	7,010	6,139	5,396	5,119	4,928	4,727	2,669	695	0	0	0	0
Total operating expenses
65,866	64,831	62,651	61,736	59,568	56,894	56,420	54,000	52,277	52,377	49,612	50,929	48,151	48,375	46,106	38,047	33,829	26,111	22,870	21,301	19,800	18,111	18,144	17,935	17,527	17,575	15,865	15,395	15,412	14,682	14,187	12,777	11,236	10,379	9,640	9,225	0	0	0	0
Loss from unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-2,847	-3,150	-3,070	294	-96	3,179	3,207	3,532	3,464	423	227	-157	-157	-88	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Other income
2,355	2,113	1,896	1,894	1,753	1,438	1,202	1,134	1,035	940	1,471	1,421	1,199	1,093	1,316	1,246	1,230	1,239	265	47	45	34	26	8	20	20	25	22	6	7	0	0	0	-	-	-	-	-	-	-
Provision for loan losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses(1)
-	20,000	35,000	0	-	20,000	5,000	5,000	5,000	5,000	5,000	5,000	15,000	15,000	15,000	15,000	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized loss on investments
-	12,513	12,513	12,513	-	0	37,575	41,651	41,651	42,693	9,177	4,876	4,876	3,834	-225	0	0	-443	-443	-443	-443	0	0	0	0	-	-	-	-	262	0	0	0	-	-	-	-	-	-	-
Unrealized gain on securities
-	-	-	-	-	-	-	-	-	37,165	22,332	-954	-8,172	-26,098	-48,218	-45,346	-35,891	-17,408	-6,429	-1,650	5,372	4,147	5,694	6,369	199	-3,065	-3,957	525	4,024	6,489	7,073	2,552	1,840	481	-405	0	0	0	-	-
Interest income from cash balances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	11	0	0	0	0
Foreign currency gain (loss)
-25,025	19,818	-26,773	-11,694	-33,566	-30,335	-22,916	-11,103	25,459	18,506	10,489	-1,643	-21,638	-29,284	-25,046	-24,675	-5,424	-4,894	-3,186	-2,784	-7,994	-4,050	-2,637	959	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on foreign currency forward contracts (includes unrealized gains (losses) of $62,436 and ($14,985) in 2020 and 2019, respectively)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	40,021	40,021	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	0	0	2,573	-	2,573	626	-1,947	-1,947	-1,947	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Derivative Instruments, Net, Pretax
-	-14,425	38,880	21,018	-	39,058	27,532	13,760	-27,167	-19,180	-9,586	2,710	23,412	31,160	25,885	24,999	5,187	4,106	3,189	2,286	7,692	4,070	1,932	-1,093	-2	-2	-3	-91	-154	-571	-587	-1,177	-3,131	-2,696	-3,417	0	0	0	-	-
Unrealized loss on interest rate swap
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
34,574	230,174	211,261	244,389	238,311	219,986	208,311	214,450	195,339	193,031	210,742	212,279	186,382	157,873	126,085	82,039	96,359	103,256	98,060	91,372	90,672	82,739	76,561	70,302	58,133	52,485	45,589	44,900	43,021	40,182	39,883	33,184	29,794	25,881	19,568	16,991	0	0	0	0
Preferred dividends
15,075	18,525	21,974	25,425	27,340	27,340	27,498	31,810	34,286	36,761	39,078	37,240	33,790	30,295	26,845	19,839	15,839	11,884	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to common stockholders
19,499	211,649	189,287	218,964	210,971	192,646	180,813	182,640	161,053	156,270	171,664	175,039	152,592	127,578	99,240	62,200	80,520	91,372	90,176	83,932	83,232	75,299	69,121	62,862	50,693	45,045	38,149	38,101	38,082	37,103	38,664	33,184	29,794	25,881	0	0	0	-	-	-
Earnings Per Share [Abstract]
Net income per share of common stock (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.60	0.83	0.06	0.18	0.32	0.39	0.39	0.47	0.43	0.37	0.51	0.42	0.37	0.30	0.27	0.33	0.26	0.52	0.47	0.43	0.41	0.28	0.37	0.29	0.21	-	-0.21
Basic (in dollars per share)
-0.86	0.44	0.16	0.38	0.45	0.34	0.42	0.39	0.38	0.32	0.54	0.28	0.41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	-
Diluted (in dollars per share)
-0.86	0.42	0.16	0.37	0.43	0.34	0.40	0.39	0.38	0.32	0.54	0.28	0.41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	-
Basic weighted-average shares of common stock outstanding (in shares)
153,948	153,537	153,531	145,567	134,607	133,852	129,188	123,019	110,211	106,721	105,446	95,428	91,612	82,670	71,919	67,402	67,385	67,146	59,355	58,429	49,563	46,852	46,848	42,888	37,122	36,886	36,883	36,880	30,105	27,297	20,571	20,570	20,561	-	-	-	-	-	10,668	-
Diluted weighted-average shares of common stock outstanding (in shares)
153,948	182,070	153,531	174,101	164,683	163,900	153,918	124,629	111,871	108,095	106,812	96,796	92,998	83,548	72,861	68,374	68,327	67,754	59,934	59,022	50,171	47,085	47,068	43,099	37,341	37,390	37,379	37,373	30,480	27,608	20,992	20,991	20,966	-	-	-	-	-	10,770	-
Basic and diluted weighted average shares of common stock outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,989	19,966	17,684	17,670	11,448	-	10,500
Dividend declared per share of common stock (in dollars per share)
0.40	-	0.46	0.46	0.46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.40	0.35	-