2011 Q3 Form 10-Q Financial Statement

#000144530511003166 Filed on November 02, 2011

View on sec.gov

Income Statement

Concept 2011 Q3 2010 Q4 2010 Q3
Revenue $27.36M $36.04M $37.59M
YoY Change -27.22% -3.97% -1.47%
Cost Of Revenue $2.250M $13.25M $11.42M
YoY Change -80.3% -0.6% 35.79%
Gross Profit $9.620M $22.80M $22.31M
YoY Change -56.88% -5.79% -24.98%
Gross Profit Margin 35.17% 63.26% 59.35%
Selling, General & Admin $5.740M $4.370M $5.320M
YoY Change 7.89% -19.67% 1.72%
% of Gross Profit 59.67% 19.17% 23.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.400M $9.100M $7.200M
YoY Change 16.67% -7.14% -30.1%
% of Gross Profit 87.32% 39.91% 32.27%
Operating Expenses $25.81M $12.15M $25.41M
YoY Change 1.54% -19.48% 67.64%
Operating Profit $10.06M $10.65M $12.17M
YoY Change -17.34% 16.9% -16.5%
Interest Expense -$1.400M -$1.080M -$9.590M
YoY Change -85.4% -82.52% 14.71%
% of Operating Profit -13.91% -10.14% -78.77%
Other Income/Expense, Net -$50.00K $0.00
YoY Change
Pretax Income $3.283M $9.520M $2.588M
YoY Change 26.85% 238.79% 3135.0%
Income Tax -$488.0K $1.020M $785.0K
% Of Pretax Income -14.86% 10.71% 30.33%
Net Earnings $4.647M $7.010M $2.281M
YoY Change 103.73% 8.51% -86.84%
Net Earnings / Revenue 16.99% 19.45% 6.07%
Basic Earnings Per Share $0.10 $0.13
Diluted Earnings Per Share $0.10 $172.7K $0.13
COMMON SHARES
Basic Shares Outstanding 40.34M shares
Diluted Shares Outstanding 40.63M shares

Balance Sheet

Concept 2011 Q3 2010 Q4 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.00M $120.6M $110.7M
YoY Change -11.47% 28.57% -6.03%
Cash & Equivalents $98.03M $120.6M $110.7M
Short-Term Investments
Other Short-Term Assets $27.60M $19.90M $23.00M
YoY Change 20.0% -9.55% 5.99%
Inventory
Prepaid Expenses
Receivables $23.20M $19.90M $18.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $148.8M $160.4M $151.7M
YoY Change -1.91% 21.06% -2.32%
LONG-TERM ASSETS
Property, Plant & Equipment $1.259B $1.149B $1.158B
YoY Change 8.7% 13.89% 15.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $78.40M $31.00M $16.10M
YoY Change 386.96% -40.04% -69.45%
Other Assets $55.90M $76.10M $57.70M
YoY Change -3.12% 83.82% 48.71%
Total Long-Term Assets $1.458B $1.364B $1.339B
YoY Change 8.86% 9.15% 7.8%
TOTAL ASSETS
Total Short-Term Assets $148.8M $160.4M $151.7M
Total Long-Term Assets $1.458B $1.364B $1.339B
Total Assets $1.606B $1.525B $1.491B
YoY Change 7.77% 10.29% 6.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.00M $27.50M $31.10M
YoY Change 2.89% 57.14% 69.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $60.90M $55.80M $59.30M
YoY Change 2.7% 22.64% 27.8%
LONG-TERM LIABILITIES
Long-Term Debt $871.2M $854.9M $832.2M
YoY Change 4.69% 9.57% 3.1%
Other Long-Term Liabilities $24.80M $26.60M $25.40M
YoY Change -2.36% 9.47% -2.68%
Total Long-Term Liabilities $896.0M $881.5M $857.6M
YoY Change 4.48% 9.57% 2.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.90M $55.80M $59.30M
Total Long-Term Liabilities $896.0M $881.5M $857.6M
Total Liabilities $956.9M $937.3M $1.173B
YoY Change -18.45% -12.43% 8.21%
SHAREHOLDERS EQUITY
Retained Earnings $39.10M $17.21M
YoY Change
Common Stock $303.8M $303.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $338.7M $318.2M $317.3M
YoY Change
Total Liabilities & Shareholders Equity $1.606B $1.525B $1.491B
YoY Change 7.77% 10.29% 6.68%

Cashflow Statement

Concept 2011 Q3 2010 Q4 2010 Q3
OPERATING ACTIVITIES
Net Income $4.647M $7.010M $2.281M
YoY Change 103.73% 8.51% -86.84%
Depreciation, Depletion And Amortization $8.400M $9.100M $7.200M
YoY Change 16.67% -7.14% -30.1%
Cash From Operating Activities $18.90M $21.80M $2.400M
YoY Change 687.5% 159.52% -77.57%
INVESTING ACTIVITIES
Capital Expenditures -$43.80M $57.80M -$23.70M
YoY Change 84.81% -501.39% 364.71%
Acquisitions
YoY Change
Other Investing Activities -$9.900M -$95.30M $38.80M
YoY Change -125.52% -7430.77% -6566.67%
Cash From Investing Activities -$53.70M -$37.60M $15.20M
YoY Change -453.29% 189.23% -362.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.00M 25.80M 14.20M
YoY Change -212.68% -232.99% 173.08%
NET CHANGE
Cash From Operating Activities 18.90M 21.80M 2.400M
Cash From Investing Activities -53.70M -37.60M 15.20M
Cash From Financing Activities -16.00M 25.80M 14.20M
Net Change In Cash -50.80M 10.00M 31.80M
YoY Change -259.75% -141.67% 214.85%
FREE CASH FLOW
Cash From Operating Activities $18.90M $21.80M $2.400M
Capital Expenditures -$43.80M $57.80M -$23.70M
Free Cash Flow $62.70M -$36.00M $26.10M
YoY Change 140.23% -257.89% 65.19%

Facts In Submission

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LoansPayableToBank
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252000 USD
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346000 USD
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2010Q4 us-gaap Off Market Lease Unfavorable
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5737000 USD
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5592000 USD
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25414000 USD
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78130000 USD
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36158000 USD
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36130000 USD
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
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85564000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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-2398000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-2336000 USD
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20459000 USD
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0 USD
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us-gaap Partners Capital Account Units Converted
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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68000 USD
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21076000 USD
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43791000 USD
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0 USD
us-gaap Proceeds From Stock Options Exercised
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101000 USD
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7000 USD
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ProfitLoss
41285000 USD
us-gaap Profit Loss
ProfitLoss
39340000 USD
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ProfitLoss
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184014000 USD
CY2010Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1091990000 USD
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1230609000 USD
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907976000 USD
us-gaap Real Estate Revenue Net
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108859000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
101000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2011Q3 us-gaap Real Estate Revenue Net
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37393000 USD
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37588000 USD
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114288000 USD
us-gaap Real Estate Tax Expense
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13792000 USD
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5003000 USD
us-gaap Real Estate Tax Expense
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12902000 USD
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4523000 USD
us-gaap Repayments Of Secured Debt
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33698000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
66751000 USD
CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
39098000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
17206000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3390000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3121000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
68000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
75000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
3218000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2894000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
724000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
966000 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
338690000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
318212000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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587522000 USD
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
649549000 USD
CY2010Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
573840000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
532477000 USD
CY2011Q3 us-gaap Tenant Reimbursements
TenantReimbursements
5407000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
16213000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
14721000 USD
CY2010Q3 us-gaap Tenant Reimbursements
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4636000 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Assumption Of Mortgage Debt
AcquisitionOfInterestInUnconsolidatedAffiliateAssumptionOfMortgageDebt
0 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Assumption Of Mortgage Debt
AcquisitionOfInterestInUnconsolidatedAffiliateAssumptionOfMortgageDebt
-25990000 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Investment In Unconsolidated Affiliates
AcquisitionOfInterestInUnconsolidatedAffiliateInvestmentInUnconsolidatedAffiliates
-37824000 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Investment In Unconsolidated Affiliates
AcquisitionOfInterestInUnconsolidatedAffiliateInvestmentInUnconsolidatedAffiliates
0 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Other Assets And Liabilities
AcquisitionOfInterestInUnconsolidatedAffiliateOtherAssetsAndLiabilities
-7532000 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Other Assets And Liabilities
AcquisitionOfInterestInUnconsolidatedAffiliateOtherAssetsAndLiabilities
0 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Real Estate Net
AcquisitionOfInterestInUnconsolidatedAffiliateRealEstateNet
0 USD
akr Acquisition Of Interest In Unconsolidated Affiliate Real Estate Net
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-108000000 USD
akr Cash Included In Investment In Real Estate
CashIncludedInInvestmentInRealEstate
-2849000 USD
akr Cash Included In Investment In Real Estate
CashIncludedInInvestmentInRealEstate
0 USD
akr Deferred Acquisition And Leasing Cost
DeferredAcquisitionAndLeasingCost
2442000 USD
akr Deferred Acquisition And Leasing Cost
DeferredAcquisitionAndLeasingCost
4291000 USD
CY2011Q3 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
21401000 USD
CY2010Q4 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
20884000 USD
akr Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
-735000 USD
akr Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
20977000 USD
akr Issuance Of Common Shares To Trustees Value
IssuanceOfCommonSharesToTrusteesValue
171000 USD
akr Issuance Of Common Shares To Trustees Value
IssuanceOfCommonSharesToTrusteesValue
228000 USD
akr Issuance Of Ltip Unit Awards To Employees
IssuanceOfLtipUnitAwardsToEmployees
2441000 USD
CY2011Q3 akr Mortgage Interest Income
MortgageInterestIncome
1585000 USD
CY2010Q3 akr Mortgage Interest Income
MortgageInterestIncome
5206000 USD
akr Mortgage Interest Income
MortgageInterestIncome
15437000 USD
akr Mortgage Interest Income
MortgageInterestIncome
9493000 USD
akr Noncash Accretion Of Notes Receivable
NoncashAccretionOfNotesReceivable
4513000 USD
akr Noncash Accretion Of Notes Receivable
NoncashAccretionOfNotesReceivable
601000 USD
akr Purchase Of Convertible Notes Payable
PurchaseOfConvertibleNotesPayable
0 USD
akr Purchase Of Convertible Notes Payable
PurchaseOfConvertibleNotesPayable
21994000 USD
akr Return Of Capital From Unconsolidated Affiliates
ReturnOfCapitalFromUnconsolidatedAffiliates
3735000 USD
akr Return Of Capital From Unconsolidated Affiliates
ReturnOfCapitalFromUnconsolidatedAffiliates
753000 USD
akr Stockholders Equity Including Portion Attributable To Noncontrolling Interest Before Comprehensive Income
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeComprehensiveIncome
613020000 USD
akr Stockholders Equity Including Portion Attributable To Noncontrolling Interest Before Comprehensive Income
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeComprehensiveIncome
532755000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000899629
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
40334476 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
ACADIA REALTY TRUST
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

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