$ALX
ALEXANDERS INC Stock $alx

$alx Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000000349916000054 Filed on October 31, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q3
Revenue	$57.25M	$57.12M	$52.41M
YoY Change	8.39%	8.98%	4.67%
Cost Of Revenue	$20.50M	$22.80M	$20.00M
YoY Change	-1.44%	14.0%	11.73%
Gross Profit	$36.70M	$34.30M	$32.40M
YoY Change	14.69%	5.86%	0.62%
Gross Profit Margin	64.1%	60.05%	61.82%
Selling, General & Admin	$2.200M	$100.0K	$500.0K
YoY Change	266.67%	-80.0%	0.0%
% of Gross Profit	5.99%	0.29%	1.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.700M	$8.700M	$8.600M
YoY Change	-3.33%	1.16%	8.86%
% of Gross Profit	23.71%	25.36%	26.54%
Operating Expenses	$10.20M	$30.98M	$28.57M
YoY Change	14.61%	8.44%	266.32%
Operating Profit	$26.50M	$26.14M	$23.84M
YoY Change	14.72%	9.63%	-2.21%
Interest Expense	-$4.800M	-$5.100M	-$5.700M
YoY Change	-1300.0%	-10.53%	-18.57%
% of Operating Profit	-18.11%	-19.51%	-23.91%
Other Income/Expense, Net
YoY Change
Pretax Income	$21.70M	$21.04M	$18.17M
YoY Change	-8.05%	15.79%	4.79%
Income Tax	$0.00	$7.000K	-$2.000K
% Of Pretax Income	0.0%	0.03%	-0.01%
Net Earnings	$21.66M	$21.04M	$18.17M
YoY Change	-8.13%	15.76%	2.71%
Net Earnings / Revenue	37.82%	36.83%	34.67%
Basic Earnings Per Share	$4.23	$4.11	$3.55
Diluted Earnings Per Share	$4.23	$4.11	$3.55
COMMON SHARES
Basic Shares Outstanding	5.106M shares	5.106M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$326.8M	$307.4M	$252.9M
YoY Change	8.03%	21.56%	-18.16%
Cash & Equivalents	$288.9M	$264.1M	$252.9M
Short-Term Investments	$37.92M	$43.29M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$3.100M	$2.900M	$2.800M
Other Receivables	$179.0M	$179.8M	$181.2M
Total Short-Term Assets	$471.0M	$446.8M	$436.9M
YoY Change	5.91%	2.27%	-10.96%
LONG-TERM ASSETS
Property, Plant & Equipment	$780.8M	$786.4M	$806.1M
YoY Change	-2.87%	-2.44%	4.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$37.90M	$43.30M	$41.10M
YoY Change	-12.27%	5.35%	20.18%
Other Assets	$134.1M	$134.5M	$135.5M
YoY Change	2.29%	-0.74%	-1.81%
Total Long-Term Assets	$980.2M	$1.005B	$1.020B
YoY Change	-2.28%	-1.47%	4.63%
TOTAL ASSETS
Total Short-Term Assets	$471.0M	$446.8M	$436.9M
Total Long-Term Assets	$980.2M	$1.005B	$1.020B
Total Assets	$1.451B	$1.452B	$1.457B
YoY Change	0.24%	-0.35%	-0.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$42.20M	$38.20M	$42.20M
YoY Change	39.74%	-9.48%	-12.63%
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	$43.10M	$39.10M	$48.20M
YoY Change	11.08%	-18.88%	-47.89%
LONG-TERM LIABILITIES
Long-Term Debt	$1.052B	$1.053B	$1.060B
YoY Change	-0.09%	-0.74%	2.6%
Other Long-Term Liabilities	$2.900M	$2.900M	$3.000M
YoY Change	-3.33%	-3.33%	0.0%
Total Long-Term Liabilities	$1.055B	$1.055B	$1.063B
YoY Change	-0.09%	-0.74%	2.6%
TOTAL LIABILITIES
Total Short-Term Liabilities	$43.10M	$39.10M	$48.20M
Total Long-Term Liabilities	$1.055B	$1.055B	$1.063B
Total Liabilities	$1.098B	$1.095B	$1.112B
YoY Change	0.32%	-1.53%	-1.55%
SHAREHOLDERS EQUITY
Retained Earnings	$309.0M	$307.8M	$298.7M
YoY Change	1.53%	3.06%
Common Stock	$5.173M	$5.173M	$5.173M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$374.0K	$374.0K	$374.0K
YoY Change	0.0%	0.0%
Treasury Stock Shares	67.25K shares	67.25K shares	67.25K shares
Shareholders Equity	$352.8M	$357.0M	$345.1M
YoY Change
Total Liabilities & Shareholders Equity	$1.451B	$1.452B	$1.457B
YoY Change	0.24%	-0.35%	-0.59%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	$21.66M	$21.04M	$18.17M
YoY Change	-8.13%	15.76%	2.71%
Depreciation, Depletion And Amortization	$8.700M	$8.700M	$8.600M
YoY Change	-3.33%	1.16%	8.86%
Cash From Operating Activities	$48.90M	$49.20M	$47.30M
YoY Change	44.25%	4.02%	7.26%
INVESTING ACTIVITIES
Capital Expenditures	-$2.100M	-$2.300M	-$12.50M
YoY Change	-74.39%	-81.6%	-53.01%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	-$300.0K
YoY Change	-100.0%	-100.0%	-137.5%
Cash From Investing Activities	-$2.100M	-$2.300M	-$12.90M
YoY Change	-73.75%	-82.17%	-50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-21.40M	-21.30M	7.300M
YoY Change	14.44%	-391.78%	-141.95%
NET CHANGE
Cash From Operating Activities	48.90M	49.20M	47.30M
Cash From Investing Activities	-2.100M	-2.300M	-12.90M
Cash From Financing Activities	-21.40M	-21.30M	7.300M
Net Change In Cash	25.40M	25.60M	41.70M
YoY Change	252.78%	-38.61%	4533.33%
FREE CASH FLOW
Cash From Operating Activities	$48.90M	$49.20M	$47.30M
Capital Expenditures	-$2.100M	-$2.300M	-$12.50M
Free Cash Flow	$51.00M	$51.50M	$59.80M
YoY Change	21.14%	-13.88%	-15.42%

Facts In Submission

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	us-gaap	Interest And Debt Expense InterestAndDebtExpense	19963000	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	1237000	USD
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	us-gaap	Nature Of Operations NatureOfOperations	<div><p style='text-align:justify;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >1</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >.</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > Organization</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:20.15pt;' >Alexander’s, Inc. (NYSE: ALX) is a real estate investment trust (“REIT”), incorporated in </font><font style='font-family:Times New Roman;font-size:10pt;' >Delaware</font><font style='font-family:Times New Roman;font-size:10pt;' >, engaged in leasing, managing, developing </font><font style='font-family:Times New Roman;font-size:10pt;' >and redeveloping its properties. All references to “we,” “us,” “our,” “Company” and “Alexander’s” refer to Alexander’s, Inc. and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (“Vornad</font><font style='font-family:Times New Roman;font-size:10pt;' >o”) (NYSE: VNO).</font></p></div>
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CY2016Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	918000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	13969000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-13166000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	24725000	USD
CY2016Q3	us-gaap	Other Liabilities OtherLiabilities	2935000	USD
CY2016Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Notes Payable NotesPayable	1053262000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	168000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	21043000	USD
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	450000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	23088000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	81898000	USD
	dei	Entity Central Index Key EntityCentralIndexKey	0000003499
CY2016Q3	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	897000	USD
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	374000	USD
CY2015Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	52414000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	25051000	USD
	alx	Payments For Capital Improvements And Construction In Process PaymentsForCapitalImprovementsAndConstructionInProcess	13441000	USD
	us-gaap	Basis Of Accounting BasisOfAccounting	<div><p style='text-align:justify;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >.</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >Basis of Presentation</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > </font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:20.15pt;' >The accompanying consolidated financial statements are unaudited and include </font><font style='font-family:Times New Roman;font-size:10pt;' >the</font><font style='font-family:Times New Roman;font-size:10pt;' > accounts </font><font style='font-family:Times New Roman;font-size:10pt;' >of Alexander’s </font><font style='font-family:Times New Roman;font-size:10pt;' >and </font><font style='font-family:Times New Roman;font-size:10pt;' >its</font><font style='font-family:Times New Roman;font-size:10pt;' > consolidated subsidiaries. All intercompany amounts have been eliminated. In our opinion, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flow</font><font style='font-family:Times New Roman;font-size:10pt;' >s have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the </font><font style='font-family:Times New Roman;font-size:10pt;' >United States of America</font><font style='font-family:Times New Roman;font-size:10pt;' > (“GAAP”) have been condensed or omitted. </font><font style='font-family:Times New Roman;font-size:10pt;' >These co</font><font style='font-family:Times New Roman;font-size:10pt;' >ndensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission (the “SEC”) and should be read in conjunction with the consolidated financial statements and notes there</font><font style='font-family:Times New Roman;font-size:10pt;' >to included in our Annual Report on Form 10-K for the year ended </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, as filed with the SEC. </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:20.15pt;' >We have made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and li</font><font style='font-family:Times New Roman;font-size:10pt;' >abilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The results of operations for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three and nine months</font><font style='font-family:Times New Roman;font-size:10pt;' > ended </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2016</font><font style='font-family:Times New Roman;font-size:10pt;' > are not necessarily indicative of the oper</font><font style='font-family:Times New Roman;font-size:10pt;' >ating results for the full year</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:20.15pt;' >We currently operate in one business segment.</font></p></div>
CY2015Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	4267000	USD
	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q3	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	21714000	USD
CY2015Q3	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	19390000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	60702000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	55985000	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1225000	USD
CY2015Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1091000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4285000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4261000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	21036000	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	18172000	USD
	us-gaap	Net Income Loss NetIncomeLoss	64822000	USD
	us-gaap	Net Income Loss NetIncomeLoss	53335000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5114701	shares
CY2015Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5113077	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5113877	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5112108	shares
	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	1785000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	-2419000	USD
CY2016Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	4.11
CY2015Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	3.55
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	12.68
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	10.43
CY2016Q3	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1082000	USD
CY2015Q3	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1081000	USD
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	3389000	USD
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	3298000	USD
CY2016Q3	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	595000	USD
CY2015Q3	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	595000	USD
	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	1785000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	1188000	USD
	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	96000	USD
	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	-3527000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	37000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	2000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	80000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-8000	USD
CY2016Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	18654000	USD
CY2015Q3	us-gaap	Stockholders Equity StockholdersEquity	345124000	USD
CY2016Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5173450	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5173450	shares
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	350000000	USD
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	498376	shares
CY2016Q3	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	0	USD
CY2015Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	0	USD

Files In Submission

Name	View Source	Status
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alx-20160930.xml	Edgar Link	completed
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alx-20160930_pre.xml	Edgar Link	unprocessable
ALX10Q3Q.htm	Edgar Link	pending
exhibit151.htm	Edgar Link	pending
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exhibit312.htm	Edgar Link	pending
exhibit321.htm	Edgar Link	pending
exhibit322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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report.css	Edgar Link	pending
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2016 Q4 Form 10-Q Financial Statement

#000000349916000054 Filed on October 31, 2016

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$ALX ALEXANDERS INC Stock $alx

2016 Q4 Form 10-Q Financial Statement

#000000349916000054 Filed on October 31, 2016

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ALEXANDERS INC Stock $alx