$AHH
Armada Hoffler Properties, Inc.

2015 Q2 Form 10-Q Financial Statement

#000119312515277569 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $66.97M $35.81M
YoY Change 87.01% -4.55%
Cost Of Revenue $51.87M $24.60M
YoY Change 110.85% -9.39%
Gross Profit $15.10M $11.21M
YoY Change 34.69% 8.1%
Gross Profit Margin 22.55% 31.31%
Selling, General & Admin $2.100M $1.980M
YoY Change 6.06% -30.77%
% of Gross Profit 13.91% 17.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.760M $4.060M
YoY Change 41.87% 1.0%
% of Gross Profit 38.14% 36.21%
Operating Expenses $60.35M $30.64M
YoY Change 96.96% -11.34%
Operating Profit $15.10M $5.174M
YoY Change 191.86% -50.12%
Interest Expense $3.358M $2.678M
YoY Change 25.39% -18.58%
% of Operating Profit 22.24% 51.76%
Other Income/Expense, Net $24.00K -$194.0K
YoY Change -112.37% -204.86%
Pretax Income $10.28M $2.302M
YoY Change 346.61% -71.9%
Income Tax -$4.000K $29.00K
% Of Pretax Income -0.04% 1.26%
Net Earnings $10.29M $1.325M
YoY Change 676.23% -84.23%
Net Earnings / Revenue 15.36% 3.7%
Basic Earnings Per Share
Diluted Earnings Per Share $254.8K $69.09K
COMMON SHARES
Basic Shares Outstanding 25.59M shares 19.25M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.40M $16.30M
YoY Change 68.1% 10.88%
Cash & Equivalents $27.36M $16.27M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00
Prepaid Expenses
Receivables $21.40M $19.50M
Other Receivables $39.60M $12.70M
Total Short-Term Assets $88.40M $48.50M
YoY Change 82.27% -2.41%
LONG-TERM ASSETS
Property, Plant & Equipment $499.7M $438.3M
YoY Change 14.01% 36.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.100M $3.200M
YoY Change -3.13% 3.23%
Total Long-Term Assets $544.7M $467.6M
YoY Change 16.48% 33.75%
TOTAL ASSETS
Total Short-Term Assets $88.40M $48.50M
Total Long-Term Assets $544.7M $467.6M
Total Assets $633.1M $516.1M
YoY Change 22.66% 29.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.600M $6.700M
YoY Change -31.34% 318.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.30M $41.30M
YoY Change 14.53% 61.33%
LONG-TERM LIABILITIES
Long-Term Debt $386.9M $349.8M
YoY Change 10.61% 43.18%
Other Long-Term Liabilities $24.50M $17.70M
YoY Change 38.42% 9.26%
Total Long-Term Liabilities $411.4M $367.5M
YoY Change 11.95% 41.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.30M $41.30M
Total Long-Term Liabilities $411.4M $367.5M
Total Liabilities $458.7M $408.9M
YoY Change 12.17% 42.1%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $60.09M $193.0K
YoY Change 31034.2% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.298M -$49.46M
YoY Change
Total Liabilities & Shareholders Equity $633.1M $516.1M
YoY Change 22.66% 29.25%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $10.29M $1.325M
YoY Change 676.23% -84.23%
Depreciation, Depletion And Amortization $5.760M $4.060M
YoY Change 41.87% 1.0%
Cash From Operating Activities $5.710M $5.790M
YoY Change -1.38% 126.17%
INVESTING ACTIVITIES
Capital Expenditures -$46.74M -$28.57M
YoY Change 63.6% 146.29%
Acquisitions
YoY Change
Other Investing Activities $34.90M -$1.520M
YoY Change -2396.05% -430.43%
Cash From Investing Activities -$11.84M -$30.10M
YoY Change -60.66% 169.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.010M 27.14M
YoY Change -92.59% 41.21%
NET CHANGE
Cash From Operating Activities 5.710M 5.790M
Cash From Investing Activities -11.84M -30.10M
Cash From Financing Activities 2.010M 27.14M
Net Change In Cash -4.120M 2.830M
YoY Change -245.58% -73.38%
FREE CASH FLOW
Cash From Operating Activities $5.710M $5.790M
Capital Expenditures -$46.74M -$28.57M
Free Cash Flow $52.45M $34.36M
YoY Change 52.65% 142.66%

Facts In Submission

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<div> <p style="font-family: Times New Roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"> <b>Use of Estimates</b></p> <p style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed. Such estimates are based on management&#x2019;s historical experience and best judgment after considering past, current and expected events and economic conditions. Actual results could differ from management&#x2019;s estimates.</p> </div>
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us-gaap Depreciation
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us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Provision For Doubtful Accounts
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ahh Amortization Of Lease Incentives And Above And Below Market Rents
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ahh Increase Decrease In Deferred Lease Incentives
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ahh Increase Decrease In Property Liabilities
IncreaseDecreaseInPropertyLiabilities
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ahh Accrued Straight Line Ground Rent Expense
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CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2015Q2 us-gaap Net Income Loss
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238000
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CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2302000
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948000

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