$ACRE
Ares Commercial Real Estate Corp

2012 Q1 Form 10-Q Financial Statement

#000110465912041091 Filed on June 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q1
Revenue $950.0K
YoY Change
Cost Of Revenue $340.0K
YoY Change
Gross Profit $610.0K
YoY Change
Gross Profit Margin 64.21%
Selling, General & Admin $100.0K
YoY Change
% of Gross Profit 16.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $100.0K
YoY Change
Operating Profit $510.0K
YoY Change
Interest Expense $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $510.0K
YoY Change
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $508.0K
YoY Change
Net Earnings / Revenue 53.47%
Basic Earnings Per Share
Diluted Earnings Per Share $510.0K
COMMON SHARES
Basic Shares Outstanding 998.6K shares
Diluted Shares Outstanding 998.6K shares

Balance Sheet

Concept 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.600M
YoY Change
Cash & Equivalents $4.586M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $500.0K
Other Receivables $0.00
Total Short-Term Assets $5.100M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $77.30M
YoY Change
Other Assets $2.100M
YoY Change
Total Long-Term Assets $79.80M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $5.100M
Total Long-Term Assets $79.80M
Total Assets $84.90M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K
YoY Change
Accrued Expenses $1.100M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.100M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $47.30M
YoY Change
Total Long-Term Liabilities $47.30M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.100M
Total Long-Term Liabilities $47.30M
Total Liabilities $49.34M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$729.0K
YoY Change
Common Stock $30.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.27M
YoY Change
Total Liabilities & Shareholders Equity $84.90M
YoY Change

Cashflow Statement

Concept 2012 Q1
OPERATING ACTIVITIES
Net Income $508.0K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$200.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$72.20M
YoY Change
Cash From Investing Activities -$72.20M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.40M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 75.80M
YoY Change
NET CHANGE
Cash From Operating Activities -200.0K
Cash From Investing Activities -72.20M
Cash From Financing Activities 75.80M
Net Change In Cash 3.400M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$200.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
502000 USD
CY2012Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
114.4578 shares
CY2012Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
114.4578 shares
CY2012Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
600 shares
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
84901000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
29271000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-729000 USD
CY2012Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
29985000 USD
CY2012Q1 us-gaap Common Stock Value
CommonStockValue
15000 USD
CY2012Q1 us-gaap Liabilities
Liabilities
49335000 USD
CY2012Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
71000 USD
CY2012Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
418000 USD
CY2012Q1 us-gaap Assets
Assets
84901000 USD
CY2012Q1 us-gaap Other Assets
OtherAssets
458000 USD
CY2012Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1173000 USD
CY2012Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-144000 USD
CY2012Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
24000 USD
CY2012Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
518000 USD
CY2012Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
125000 USD
CY2012Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
521000 USD
CY2012Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
450000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-116000 USD
CY2012Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
23400000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
6437000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4586000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7587000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-163000 USD
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
6600000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
1150000 USD
CY2011Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
827000 USD
CY2011Q4 us-gaap Assets
Assets
7587000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
205000 USD
CY2011Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1194000 USD
CY2011Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
3000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1240000 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2012Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
0 shares
CY2012Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1500000 shares
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
508000 USD
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
37000 USD
CY2012Q1 us-gaap Professional Fees
ProfessionalFees
65000 USD
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
998571 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
998571 shares
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
0 shares
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000 shares
CY2012Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1500000 shares
CY2012Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
95000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0 shares
CY2012Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2011Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
50000
CY2012Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
50000
CY2011Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2011Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2011Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
0 shares
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
75816000 USD
CY2012Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
596000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
5723000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-72249000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
18000 USD
CY2012Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
73147000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-221000 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18000 USD
CY2012Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
71000 USD
CY2012Q1 us-gaap Interest Paid Net
InterestPaidNet
143000 USD
CY2012Q1 us-gaap Dividends Payable Amount
DividendsPayableAmount
502000 USD
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001529377
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
Ares Commercial Real Estate Corp
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9235135 shares
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD

Files In Submission

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0001104659-12-041091-index-headers.html Edgar Link pending
0001104659-12-041091-index.html Edgar Link pending
0001104659-12-041091.txt Edgar Link pending
0001104659-12-041091-xbrl.zip Edgar Link pending
a12-13062_110q.htm Edgar Link pending
a12-13062_1ex31d1.htm Edgar Link pending
a12-13062_1ex31d2.htm Edgar Link pending
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acre-20120331.xml Edgar Link completed
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acre-20120331_def.xml Edgar Link unprocessable
acre-20120331_lab.xml Edgar Link unprocessable
acre-20120331_pre.xml Edgar Link unprocessable
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