American realty investors inc (ARL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flow From Operating Activities:
Net income (loss)

-21,743

182,692

-8,876

-2,410

-3,287

40,173

51,724

-

-

-

-82,659

Net income

-

-

-

-

-

-

-

-6,711

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-6

-106

-

Adjustments to reconcile net income (loss) applicable to common shares to net cash used in operating activities:
Gain on formation of VAA

-

154,126

-

-

-

-

-

-

-

-

-

Foreign currency transaction (loss) gain

-15,108

12,399

-4,536

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-5,219

-

-

-

-

-

-

-

-

-

-

Gain on land sales

15,272

17,404

4,884

-

-

-

-

-

-

-

-

Gain on land sales

-

-

-

-

-

561

-455

-5,475

-34

10

-

Provision on impairment of notes receivable and real estate assets

-

-

-

-

5,300

-

18,980

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

22,563

24

-

-

Provision on impairment of notes receivable and real estate assets

-

-

-

-

-

-

-

4,730

-

-

-

Gain on sale of income-producing properties

-80

-

16,698

-

-

-

-

-

-

-

11,605

Gain on sale of land

-

-

-

3,121

21,648

-

-

-

-

-

-

Earnings from unconsolidated subsidiaries and investees

-

-

-

-

-

-

-

-

-

-

-35

Earnings due to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-22,446

Gain on foreign currency translation

-

-

-

-

-

-

-

-

-

-

292

Gain on sale of income-producing properties

-

-

-

16,207

735

61,879

98,951

-

-

-

10,106

Gain on sale of income-producing properties

-

-

-

-

-

-

-

-8,885

-56

-19

-

Depreciation and amortization

13,379

22,670

25,679

23,785

21,418

18,345

21,518

-

-

-

-

Provision on impairment of notes receivable and real estate assets

-

-

558

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

30

32,418

Provision for impairment of notes receivable and real estate assets

-

-

-

-

-

-

-

-

-

61

-

Provision on impairment of notes receivable and real estate assets

-

-

-

-

-

-

-

-

50

-

-

Amortization of deferred borrowing costs

665

4,994

3,591

4,357

2,842

4,017

1,442

2,478

2

4

-

Provision on impairment of notes receivable and real estate assets

-

-

-

-

-

-

-

-

-

-

44,578

Amortization of bond issuance costs

1,544

2,994

971

-

-

-

-

-

-

-

5,676

Equity (loss) earnings from VAA

-2,774

44

-

-

-

-

-

-

-

-

-

Earnings from unconsolidated subsidiaries and investees

461

1,469

309

493

-

-

-

-

-

-

-

Earnings from unconsolidated subsidiaries and investees

-

-

-

-

-

-

-

-

-0

-0

-

(Earnings) losses from unconsolidated subsidiaries and investees

-

-

-

-

-

-

-

-372

-

-

-

(Increase) decrease in assets:
Gain on foreign currency translation.

-

-

-

-

-

-

-

-

-

-0

-

Accrued interest receivable

5,792

33,279

581

1,151

1,242

-10,095

12,895

-6,117

-8

-2

-1,520

Restricted cash

-

-

-

-

-

-

-

-

-

-

271

Other assets

-5,255

86,796

-11,751

2,343

-2,683

-2,034

2,242

-5,854

0

6

13,559

Prepaid expense

-11,969

-19,125

15,192

9,222

13,851

2,071

1,722

-351

2

0

1,127

Escrow

-

-

-

-

1,261

17,232

-3,532

-

-

-

-

Escrow

-

-

-

-

-

-

-

2,216

21

7

-

Earnest money

-

-

-

-

1,193

-180

535

235

1

0

1,723

Rent receivables

618

3,213

425

-2,844

2,168

1,384

-3,807

-

-

-

-

Related party receivables

46,191

11,894

12,871

706

-

-

-

-

-

-

-

Rent receivables

-

-

-

-

-

-

-

-286

7

-2

-

Increase (decrease) in liabilities:
Escrow

-

-

-

-

-

-

-

-

-

-

3,035

Rent receivables

-

-

-

-

-

-

-

-

-

-

413

Accrued interest payable

2,338

-2,316

4,599

3,475

-255

157

-5,116

-8,467

2

6

-116

Related party payables

-

-

-

-

-11,027

-7,329

-25,008

-

-

-

-

Related party payables

-

-

-

-

-

-

-

623

-1

-8

-

Affiliate payables

-

-

-

-

-

-

-

-

-

-

-2,444

Other liabilities

-8,895

-81,867

-21,975

10,340

-11,412

-22,567

3,240

-17,180

20

3

-2,685

Net cash (used in) operating activities

-40,641

-172,332

-30,126

10,134

-34,509

-

-

-26,853

23

-7

-23,362

Net cash (used in) provided by operating activities

-

-

-

-

-

-37,968

-42,162

-

-

-

-

Cash Flow From Investing Activities:
Proceeds from disposition of 50% interest in VAA

-

236,752

-

-

-

-

-

-

-

-

-

Proceeds from notes receivables

19,755

6,541

30,233

6,532

14,744

27,767

2,855

16,055

-

-

-

Proceeds from notes receivables

-

-

-

-

-

-

-

-

18

20

8,000

Origination of notes receivables

21,434

16,801

15,741

11,703

18,055

34,092

21,202

-10,189

-21

-29

-

Acquisition of land held for development

3,422

-

-

12,508

0

5,936

83

-

-

-

11,844

Investment in unconsolidated real estate entities

-

-

-

-2,278

-4,086

544

-4,770

-

-

-

-

Improvement of land held for development

-

-

-

3,023

6,158

3,137

399

-

-

-

-

Proceeds from sale of land

-

-

-

-

-

-

-

-

-

48

42,029

Proceeds from sale of investment in unconsolidated real estate entities

-

-

-

-

-

-

-

-

-

0

-

Proceeds from sale of investments

-

-

-

-

-

-

-

132

0

-

-

Acquisition of income producing properties

-

10,558

37,044

-

-

-

-

2,654

0

0

-

Acquisition of income producing properties

-

-

-

79,736

207,313

-

-

-

-

-

-

Acquisition of income producing properties

-

-

-

-

-

78,557

-

-

-

-

-

Acquisition of income producing properties

-

-

-

-

-

-

-

0

-

-

-

Acquisition of land held for development

-

-

-

-

-

-

-

-8,503

0

-4

-

Proceeds from sale of income producing properties

1,296

4,889

4,623

21,850

0

132,917

259,115

42,874

38

119

44,356

Proceeds from sale of land

27,326

11,857

6,301

29,128

108,356

8,391

14,806

39,766

21

-

-

Distribution from equity investee

6,701

-

-

-

-

-

-

-

-

-

-

Earnings from unconsolidated subsidiaries and investees

-

-

-

-

-1,327

-54

391

-

-

-

-

Distributions to equity partner

197

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated real estate entities

-

-

267

-

-

-

-

-

-

-

-

Investment in unconsolidated real estate entities

-

-

-

-

-

-

-

-

-

-

-16,740

Improvement of income producing properties

5,257

3,688

1,986

5,998

8,955

5,019

7,681

-184

-2

-4

13,542

Construction and development of new properties

28,473

81,367

76,147

-

-

-

-

-

-

-

-

Improvement of income-producing properties

-

-

-

-

-

-

-

-2,507

-4

-3

3,233

Assumption of non-controlling interest

-

-

-

-

-

-

-

-1,468

-

-

-

Sale of controlling interest

-

-

-

-

-

-

-

1,339

-

-

-

Sale of controlling interest

-

-

-

3,021

0

-

-

-

-

-

-

Assumption of non-controlling interest

-

-

-

-

336

-

-

-

-

-

-

Investment in marketable securities

-

-

-

-

-

-

-

-

0

-

-2,775

Investment in marketable securities

-

-

-

-

-

-

-

-

-

-1

-

Acquisition of income producing properties

-

-

-

-

-

-

-

-

-

-

5,971

Assumption of non-controlling interest

-

-

-

-

-

289

75

-355

-0

0

-

Sale of non-controlling interest

-

-

-

-

-

289

75

-355

-0

0

-

Sale of controlling interest

-

-

-

-

-

-

50

-

-

-

-

Construction and development of new properties

-

-

-

10,941

16,717

3,016

1,153

-

-

-

-

Construction and development of new properties

-

-

-

-

-

-

-

-5,790

-47

-49

32,457

Net cash provided by (used in) investing activities

-3,705

147,625

-90,028

-61,100

-130,348

-

-

73,824

4

96

46,853

Cash Flow From Financing Activities:
Proceeds from bonds

78,125

59,213

115,337

-

-

-

-

-

-

-

-

Bond payments

21,742

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

38,485

251,777

-

-

-

-

Proceeds from bonds

-

-

-

-

0

-

-

-

-

-

-

Debt assumption by buyer

-

-

-

-

-16,688

-

-

-

-

-

-

Stock-secured borrowings

-

-

-

-

-

-

-

0

2

-

-

Deferred financing costs

-

-

-

-

-

6,959

-1,837

-3,750

-0

-5

-

Bond issuance costs

4,241

5,257

6,887

-

-

-

-

-

-

-

-

Proceeds from notes payable

25,675

123,345

135,116

242,215

412,326

183,766

203,885

143,449

156

193

62,408

Recurring payment of principal on notes payable

11,445

124,616

86,091

-

-

-

-

-

-

-

-

Payments on maturing notes payable

-

-

-

173,160

195,549

163,494

390,941

-167,771

-155

-252

61,505

Payment on commercial note payable

41,531

-

-

-

-

-

-

-

-

-

-

Debt extinguishment costs

3,799

-

-

-

-

-

-

-

-

-

-

Acquisition of Series A preferred stock by consolidated subsidiary

-

9,000

3,599

-

-

-

-

-

-

-

-

Preferred stock dividends - Series A

-

901

1,105

-

-

-

-

-

-

-

-

Recurring payment of principal on notes payable

-

-

-

22,851

26,668

22,243

18,232

-23,022

-19

-12

-26,528

Deferred financing costs

-

-

-

-841

6,734

-

-

-

-

-

-

Stock-secured borrowings

-

-

-

-

-

568

411

-

-

-

-

Distributions to non-controlling interests

-

-

-

-

11

-333

774

-

-

-

-

Distributions to non-controlling interests

-

-

-

-

-

-

263

-

-

-

-

Sale of non-controlling interest

-

-

-

-

-

-

-

-

0

0

-

Contributions from non-controlling interests

-

-

-

-

-

-

-

-

0

0

-

Stock-secured borrowings

-

-

-

-

-

-

-

-

-

-0

-

Distributions to non-controlling interests

-

-

-

-

-

-

-

-338

-0

-1

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-4,534

Stock-secured borrowings

-

-

-

-

-

-

-

-

-

-

8,000

Preferred stock dividends - Series A

-

-

-

1,101

1,216

2,043

2,452

-2,452

-2

-2

2,487

Conversion of preferred stock into common stock

-

-

-

-

2,308

7,219

0

-

-

0

-

Net cash provided by financing activities

-

-

-

-

-

-4,655

-206,577

-

-

-

-

Conversion of preferred stock into common stock

-

-

-

-

-

-

-

0

-

-

-

Repurchase/sale of treasury stock

-

-

-

-

-

-

-

-

-0

-

-

Repurchase of common stock/treasury stock

-

-

-

-

-

-

-

-

-

-0

-

Issuance of common stock

-

-

-

-

-

-

-

-

0

0

-

Conversion of preferred stock into common stock

-

-

-

-

-

-

-

-

0

-

-

Net cash (used in) financing activities

21,042

42,784

152,771

45,944

167,790

-

-

-53,884

-20

-81

-24,646

Net increase in cash and cash equivalents

-

-

-

-

2,933

-4,138

3,038

-6,913

7

7

-1,155

Net (decrease) increase in cash and cash equivalents

-23,304

18,077

32,617

-5,022

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information:
Cash paid for interest

38,904

57,981

39,732

50,945

44,672

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

37,158

44,240

48,606

62

75

83,948

Schedule of noncash investing and financing activities:
Land received in exchanged for note receivable

1,800

-

-

-

-

-

-

-

-

-

-

Notes receivable received from sale of income-producing properties

-

1,735

-

-

-

-

-

-

-

-

-

Seller financing note - acquisition of income-producing properties

-

1,895

-

-

-

-

-

-

-

-

-

Notes payable issued on acquisition of land held for development

-

31,175

-

-

-

-

-

-

-

-

-

Notes payable issued on acquisition of land

1,155

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes, net of refunds

-

-

-

-

-

-

-

-

-

-0

1,851

Unrealized loss on marketable securities

-

-

-

-

-

-

-

-

-

-

-2,575

Note receivable in exchange for reduction of affiliate payable

-

-

-

-

-

-

-

-

-

16

-

Note receivable received from affiliate

-

-

-

-

-

-

-

9,279

20

0

2,341

Note receivable from sale of real estate

-

-

-

-

-

-

-

-

-

-

2,700

Note paydown from right to build sale

-

-

-

-

-

-

-

-

-

-

1,500

Acquitision of real estate to satisfy note receivable

-

-

-

-

-

-

-

-

-

-

-7,748