2016 Q1 Form 10-Q Financial Statement

#000089962916000052 Filed on April 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $48.05M $49.07M
YoY Change -2.09% 5.12%
Cost Of Revenue $11.70M $14.02M
YoY Change -16.55% 9.62%
Gross Profit $36.34M $38.46M
YoY Change -5.51% 13.48%
Gross Profit Margin 75.64% 78.37%
Selling, General & Admin $9.350M $7.530M
YoY Change 24.17% 9.13%
% of Gross Profit 25.73% 19.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.85M $13.66M
YoY Change 23.36% 17.87%
% of Gross Profit 46.36% 35.51%
Operating Expenses $38.19M $37.33M
YoY Change 2.31% 16.8%
Operating Profit $9.851M $15.15M
YoY Change -34.97% 2.9%
Interest Expense -$1.450M -$2.230M
YoY Change -34.98% -70.73%
% of Operating Profit -14.72% -14.72%
Other Income/Expense, Net
YoY Change
Pretax Income $8.405M $39.95M
YoY Change -78.96% 107.2%
Income Tax -$77.00K $1.417M
% Of Pretax Income -0.92% 3.55%
Net Earnings $73.88M $38.54M
YoY Change 91.7% 101.61%
Net Earnings / Revenue 153.76% 78.53%
Basic Earnings Per Share $0.40 $0.24
Diluted Earnings Per Share $0.40 $0.24
COMMON SHARES
Basic Shares Outstanding 70.76M shares 68.30M shares
Diluted Shares Outstanding 71.22M shares 68.36M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.90M $119.6M
YoY Change -29.01% 64.29%
Cash & Equivalents $84.86M $119.6M
Short-Term Investments
Other Short-Term Assets $50.80M $53.30M
YoY Change -4.69% 3.7%
Inventory $639.8M $484.7M
Prepaid Expenses
Receivables $41.80M $38.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $817.3M $696.0M
YoY Change 17.43% 32.93%
LONG-TERM ASSETS
Property, Plant & Equipment $1.820B $1.749B
YoY Change 4.02% 32.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $210.3M $184.5M
YoY Change 13.98% 3.59%
Other Assets $82.10M $97.00M
YoY Change -15.36% -40.45%
Total Long-Term Assets $2.331B $2.175B
YoY Change 7.18% 19.35%
TOTAL ASSETS
Total Short-Term Assets $817.3M $696.0M
Total Long-Term Assets $2.331B $2.175B
Total Assets $3.148B $2.871B
YoY Change 9.66% 22.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.00M $36.50M
YoY Change 4.11% -12.05%
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 $81.00M $66.50M
YoY Change 21.8% 4.07%
LONG-TERM LIABILITIES
Long-Term Debt $1.297B $1.305B
YoY Change -0.62% 17.68%
Other Long-Term Liabilities $142.4M $57.90M
YoY Change 145.94% 36.24%
Total Long-Term Liabilities $1.439B $1.363B
YoY Change 5.61% 18.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.00M $66.50M
Total Long-Term Liabilities $1.439B $1.363B
Total Liabilities $1.520B $1.429B
YoY Change 6.35% 17.62%
SHAREHOLDERS EQUITY
Retained Earnings $23.70M $31.68M
YoY Change -25.2% -31.62%
Common Stock $1.141B $1.049B
YoY Change 8.82% 51.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.153B $1.073B
YoY Change
Total Liabilities & Shareholders Equity $3.148B $2.871B
YoY Change 9.66% 22.38%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $73.88M $38.54M
YoY Change 91.7% 101.61%
Depreciation, Depletion And Amortization $16.85M $13.66M
YoY Change 23.36% 17.87%
Cash From Operating Activities $17.98M $26.62M
YoY Change -32.47% 20.02%
INVESTING ACTIVITIES
Capital Expenditures -$49.80M -$260.8M
YoY Change -80.9% 103.75%
Acquisitions
YoY Change
Other Investing Activities $122.5M $25.70M
YoY Change 376.65% 233.77%
Cash From Investing Activities $72.76M -$235.1M
YoY Change -130.95% 95.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $32.03M $18.61M
YoY Change 72.14% -20.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$78.65M $110.5M
YoY Change -171.21% 20.43%
NET CHANGE
Cash From Operating Activities $17.98M $26.62M
Cash From Investing Activities $72.76M -$235.1M
Cash From Financing Activities -$78.65M $110.5M
Net Change In Cash $12.08M -$98.03M
YoY Change -112.33% 1432.36%
FREE CASH FLOW
Cash From Operating Activities $17.98M $26.62M
Capital Expenditures -$49.80M -$260.8M
Free Cash Flow $67.78M $287.4M
YoY Change -76.42% 91.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AcquisitionOfInterestInUnconsolidatedAffiliateAssumptionOfMortgageDebt
9765000 USD
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18379000 USD
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AssetsContinuedOperations
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CY2016Q1 akr Assets Continued Operations
AssetsContinuedOperations
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CY2015Q1 akr Deferred Acquisition And Leasing Cost
DeferredAcquisitionAndLeasingCost
2805000 USD
CY2016Q1 akr Deferred Acquisition And Leasing Cost
DeferredAcquisitionAndLeasingCost
847000 USD
CY2015Q4 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
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CY2016Q1 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
23613000 USD
CY2015Q1 akr Gain Losson Disposalof Property Plantand Equipmentand Discontinued Operations Netof Tax
GainLossonDisposalofPropertyPlantandEquipmentandDiscontinuedOperationsNetofTax
27143000 USD
CY2016Q1 akr Gain Losson Disposalof Property Plantand Equipmentand Discontinued Operations Netof Tax
GainLossonDisposalofPropertyPlantandEquipmentandDiscontinuedOperationsNetofTax
65393000 USD
CY2015Q1 akr Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
6232000 USD
CY2016Q1 akr Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
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CY2015Q1 akr Investmentin Redevelopmentand Improvements1
InvestmentinRedevelopmentandImprovements1
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CY2016Q1 akr Investmentin Redevelopmentand Improvements1
InvestmentinRedevelopmentandImprovements1
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IssuanceOfOpUnitsToAcquireRealEstate
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MortgageInterestIncome
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MortgageInterestIncome
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147188000 USD
CY2016Q1 akr Mortgage Loanson Real Estate Carrying Amountof Mortgages And Preferred Equity Investments
MortgageLoansonRealEstateCarryingAmountofMortgagesAndPreferredEquityInvestments
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CY2015Q1 akr Noncashor Part Noncash Acquisition Assumptionof Capital Lease Obligation
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0 USD
CY2016Q1 akr Noncashor Part Noncash Acquisition Assumptionof Capital Lease Obligation
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CY2015Q1 akr Noncashor Part Noncash Acquisition Real Estate Assets Acquired Through Issuanceof Units
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0 USD
CY2016Q1 akr Noncashor Part Noncash Acquisition Real Estate Assets Acquired Through Issuanceof Units
NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits
29336000 USD
CY2016Q1 akr Noncontrolling Interest Increase From Contributions
NoncontrollingInterestIncreaseFromContributions
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CY2016Q1 akr Numberof Properties Heldfor Sale
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PropertyOperatingExpensesAndRealEstateTaxes
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CY2016Q1 akr Real Estate Acquired1
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CY2015Q1 akr Real Estate Investment Property And Developmentin Process At Cost
RealEstateInvestmentPropertyAndDevelopmentinProcessAtCost
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CY2016Q1 akr Real Estate Investment Property And Developmentin Process At Cost
RealEstateInvestmentPropertyAndDevelopmentinProcessAtCost
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CY2015Q1 akr Return Of Capital From Unconsolidated Affiliates
ReturnOfCapitalFromUnconsolidatedAffiliates
1946000 USD
CY2016Q1 akr Return Of Capital From Unconsolidated Affiliates
ReturnOfCapitalFromUnconsolidatedAffiliates
34235000 USD
CY2016Q1 akr Stock Issued During Period Value Net Of Issuance Costs
StockIssuedDuringPeriodValueNetOfIssuanceCosts
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CY2016Q1 dei Amendment Flag
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CY2016Q1 dei Document Type
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CY2016Q1 dei Entity Filer Category
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AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
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CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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Land
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CY2016Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
151 property
CY2016Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2015Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
31809000 USD
CY2016Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
36373000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
37333000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
38194000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
15148000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
14489000 USD
CY2015Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
38187000 USD
CY2016Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
38590000 USD
CY2016Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3266000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7773000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1053000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1046000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4319000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-8819000 USD
CY2015Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2120000 USD
CY2016Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
291000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
31000000 USD
CY2016Q1 us-gaap Other Liabilities
OtherLiabilities
106002000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1346000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2031000 USD
CY2015Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
820000 USD
CY2016Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1496000 USD
CY2015Q1 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
1232000 USD
CY2016Q1 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
475000 USD
CY2015Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
40494000 USD
CY2016Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
37463000 USD
CY2015Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
33000000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
36779000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35112000 USD
CY2015Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
440000 USD
CY2016Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1654000 USD
CY2015Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3151000 USD
CY2016Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
8034000 USD
CY2015Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
550000 USD
CY2016Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
27800000 USD
CY2015Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
220271000 USD
CY2016Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
12287000 USD
CY2015Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
34718000 USD
CY2016Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
56995000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
48628000 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
50791000 USD
CY2015Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
CY2016Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
20500000 USD
CY2015Q1 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
5889000 USD
CY2016Q1 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
1082000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18605000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32026000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
42120000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1945000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
127600000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
134616000 USD
CY2015Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
50000 USD
CY2016Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
46343000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
25203000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
0 USD
CY2015Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
63224000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
104458000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
38537000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
73875000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
298703000 USD
CY2016Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
286880000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2126709000 USD
CY2016Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2106455000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1828006000 USD
CY2016Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1819575000 USD
CY2015Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
52481000 USD
CY2016Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
52683000 USD
CY2015Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6292000 USD
CY2016Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6165000 USD
CY2015Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
30390000 USD
CY2016Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
99501000 USD
CY2015Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2016Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
101500000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10840000 USD
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10840000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12642000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
23695000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1889000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4019000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2016Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4019000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1100488000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
1153214000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1521354000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1628476000 USD
CY2015Q1 us-gaap Tenant Reimbursements
TenantReimbursements
10066000 USD
CY2016Q1 us-gaap Tenant Reimbursements
TenantReimbursements
7959000 USD
CY2015Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
240000 USD
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
365000 USD
CY2015Q4 us-gaap Unsecured Debt
UnsecuredDebt
308555000 USD
CY2016Q1 us-gaap Unsecured Debt
UnsecuredDebt
341555000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68360000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71200000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
68295000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
70756000 shares

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akr-20160331_cal.xml Edgar Link unprocessable
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