2017 Q2 Form 10-Q Financial Statement
#000000349917000010 Filed on May 01, 2017
Income Statement
| Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
|---|---|---|---|
| Revenue | $57.19M | $57.23M | $55.56M |
| YoY Change | 0.32% | 3.01% | 6.77% |
| Cost Of Revenue | $21.30M | $21.50M | $20.20M |
| YoY Change | 7.04% | 6.44% | 3.06% |
| Gross Profit | $35.90M | $35.70M | $35.30M |
| YoY Change | -3.23% | 1.13% | 8.95% |
| Gross Profit Margin | 62.77% | 62.38% | 63.54% |
| Selling, General & Admin | $1.100M | $600.0K | $600.0K |
| YoY Change | -8.33% | 0.0% | -14.29% |
| % of Gross Profit | 3.06% | 1.68% | 1.7% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $8.700M | $8.569M | $8.974M |
| YoY Change | -13.0% | -4.51% | 11.56% |
| % of Gross Profit | 24.23% | 24.0% | 25.42% |
| Operating Expenses | $30.58M | $30.12M | $29.22M |
| YoY Change | 0.17% | 3.08% | 260.77% |
| Operating Profit | $26.61M | $27.11M | $26.34M |
| YoY Change | 0.5% | 2.93% | 8.07% |
| Interest Expense | -$6.000M | -$5.400M | -$4.300M |
| YoY Change | 27.66% | 25.58% | -33.85% |
| % of Operating Profit | -22.55% | -19.92% | -16.33% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $20.65M | $21.67M | $22.02M |
| YoY Change | -5.25% | -1.58% | 23.71% |
| Income Tax | -$6.000K | $7.000K | $2.000K |
| % Of Pretax Income | -0.03% | 0.03% | 0.01% |
| Net Earnings | $20.66M | $21.67M | $22.02M |
| YoY Change | -5.09% | -1.6% | 23.55% |
| Net Earnings / Revenue | 36.13% | 37.86% | 39.63% |
| Basic Earnings Per Share | $4.04 | $4.24 | $4.31 |
| Diluted Earnings Per Share | $4.04 | $4.24 | $4.31 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 5.107M shares | 5.107M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $497.5M | $341.0M | $318.6M |
| YoY Change | 111.0% | 7.01% | 33.16% |
| Cash & Equivalents | $466.5M | $306.5M | $276.2M |
| Short-Term Investments | $31.08M | $34.47M | $42.41M |
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $2.800M | $2.500M | $3.300M |
| Other Receivables | $176.8M | $178.0M | $181.4M |
| Total Short-Term Assets | $646.1M | $487.0M | $460.9M |
| YoY Change | 54.27% | 5.66% | 8.91% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $768.9M | $775.4M | $797.6M |
| YoY Change | -2.83% | -2.78% | 0.61% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $31.10M | $34.50M | $42.40M |
| YoY Change | -31.95% | -18.63% | -39.51% |
| Other Assets | $130.7M | $132.8M | $134.7M |
| YoY Change | -5.56% | -1.41% | 0.07% |
| Total Long-Term Assets | $984.2M | $956.9M | $987.5M |
| YoY Change | -4.17% | -3.1% | -2.2% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $646.1M | $487.0M | $460.9M |
| Total Long-Term Assets | $984.2M | $956.9M | $987.5M |
| Total Assets | $1.630B | $1.444B | $1.448B |
| YoY Change | 12.76% | -0.31% | 1.08% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $41.90M | $39.10M | $38.30M |
| YoY Change | 39.2% | 2.09% | -13.74% |
| 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 | $42.50M | $39.60M | $38.80M |
| YoY Change | 35.78% | 2.06% | -20.98% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.240B | $1.052B | $1.053B |
| YoY Change | 17.75% | -0.1% | 2.04% |
| Other Long-Term Liabilities | $2.900M | $2.900M | $3.000M |
| YoY Change | 0.0% | -3.33% | 0.0% |
| Total Long-Term Liabilities | $1.243B | $1.055B | $1.056B |
| YoY Change | 17.7% | -0.11% | 2.04% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $42.50M | $39.60M | $38.80M |
| Total Long-Term Liabilities | $1.243B | $1.055B | $1.056B |
| Total Liabilities | $1.285B | $1.095B | $1.095B |
| YoY Change | 18.21% | -0.02% | 0.98% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $307.8M | $308.9M | |
| YoY Change | |||
| Common Stock | $5.173M | $5.173M | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $368.0K | $368.0K | $374.0K |
| YoY Change | -1.6% | ||
| Treasury Stock Shares | 66.16K shares | 66.16K shares | 67.25K shares |
| Shareholders Equity | $345.2M | $349.4M | $353.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.630B | $1.444B | $1.448B |
| YoY Change | 12.76% | -0.31% | 1.08% |
Cashflow Statement
| Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $20.66M | $21.67M | $22.02M |
| YoY Change | -5.09% | -1.6% | 23.55% |
| Depreciation, Depletion And Amortization | $8.700M | $8.569M | $8.974M |
| YoY Change | -13.0% | -4.51% | 11.56% |
| Cash From Operating Activities | -$5.800M | $41.60M | $45.40M |
| YoY Change | -54.33% | -8.37% | 0.67% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$600.0K | -$1.600M | -$8.900M |
| YoY Change | -72.73% | -82.02% | -40.27% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.700M | ||
| YoY Change | |||
| Cash From Investing Activities | -$600.0K | -$1.600M | -$7.200M |
| YoY Change | -84.62% | -77.78% | -51.68% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $901.0K | $836.0K | |
| YoY Change | 7.78% | 7.73% | |
| Cash From Financing Activities | 165.3M | -22.60M | -21.30M |
| YoY Change | -876.06% | 6.1% | 13.9% |
| NET CHANGE | |||
| Cash From Operating Activities | -5.800M | 41.60M | 45.40M |
| Cash From Investing Activities | -600.0K | -1.600M | -7.200M |
| Cash From Financing Activities | 165.3M | -22.60M | -21.30M |
| Net Change In Cash | 158.9M | 17.40M | 16.90M |
| YoY Change | -519.26% | 2.96% | 46.96% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$5.800M | $41.60M | $45.40M |
| Capital Expenditures | -$600.0K | -$1.600M | -$8.900M |
| Free Cash Flow | -$5.200M | $43.20M | $54.30M |
| YoY Change | -50.48% | -20.44% | -9.5% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1451230000 | USD |
| CY2017Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
ALEXANDERS INC | |
| CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
4 | |
| CY2016Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
252737000 | USD |
| CY2016Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
836000 | USD |
| CY2017Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
727000 | USD |
| CY2017Q1 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
34471000 | USD |
| CY2017Q1 | us-gaap |
Development In Process
DevelopmentInProcess
|
2913000 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-7000 | USD |
| CY2016Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
2780000 | USD |
| CY2016Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
42200000 | USD |
| CY2016Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
20452000 | USD |
| CY2017Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
9000 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-5548000 | USD |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
5173000 | USD |
| CY2017Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5107290 | shares |
| CY2017Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1156000 | USD |
| CY2016Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1235000 | USD |
| CY2016Q4 | us-gaap |
Other Assets
OtherAssets
|
27367000 | USD |
| CY2016Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
37918000 | USD |
| CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2000 | USD |
| CY2017Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2017Q1 | us-gaap |
Assets
Assets
|
1443932000 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
|
353219000 | USD |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
27107000 | USD |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7000 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-705000 | USD |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
4.24 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-8853000 | USD |
| CY2016Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1033551000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-353000 | USD |
| CY2017Q1 | us-gaap |
Liabilities
Liabilities
|
1094548000 | USD |
| CY2016Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
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19654000 | USD |
| CY2017Q1 | alx |
Payments For Capital Improvements And Construction In Process
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1628000 | USD |
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Operating Expenses
OperatingExpenses
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29222000 | USD |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
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21667000 | USD |
| CY2017Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
775394000 | USD |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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16000 | USD |
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
308995000 | USD |
| CY2017Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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Q1 | |
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Unamortized Leasing Fees To Related Party
UnamortizedLeasingFeesToRelatedParty
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36087000 | USD |
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Additional Paid In Capital
AdditionalPaidInCapital
|
31183000 | USD |
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Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
39111000 | USD |
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Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
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-777000 | USD |
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Accounts Receivable Net
AccountsReceivableNet
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3056000 | USD |
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Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
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897000 | USD |
| CY2017Q1 | dei |
Entity Filer Category
EntityFilerCategory
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Large Accelerated Filer | |
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Straight Line Rent
StraightLineRent
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44000 | USD |
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Buildings And Improvements Gross
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987165000 | USD |
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Stockholders Equity
StockholdersEquity
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352880000 | USD |
| CY2017Q1 | us-gaap |
Marketable Securities
MarketableSecurities
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34471000 | USD |
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Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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-2318000 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
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-21304000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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-13131000 | USD |
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Additional Paid In Capital
AdditionalPaidInCapital
|
31189000 | USD |
| CY2016Q4 | us-gaap |
Buildings And Improvements Gross
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985800000 | USD |
| CY2017Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
5173000 | USD |
| CY2017Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
20921000 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
352845000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-507000 | USD |
| CY2016Q4 | us-gaap |
Assets
Assets
|
1451230000 | USD |
| CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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8569000 | USD |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
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5114701 | shares |
| CY2017Q1 | dei |
Document Fiscal Year Focus
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|
2017 | |
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Payments For Capital Improvements And Construction In Process
PaymentsForCapitalImprovementsAndConstructionInProcess
|
8853000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-7000 | USD |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
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Restricted Cash And Cash Equivalents
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85752000 | USD |
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Document Period End Date
DocumentPeriodEndDate
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2017-03-31 | |
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
21674000 | USD |
| CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
5386000 | USD |
| CY2016Q1 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1255000 | USD |
| CY2017Q1 | alx |
Write Off Of Fully Amortized And Depreciated Assets
WriteOffOfFullyAmortizedAndDepreciatedAssets
|
0 | USD |
| CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
30122000 | USD |
| CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
26336000 | USD |
| CY2017Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
-1070000 | USD |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22019000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
41623000 | USD |
| CY2017Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
259655000 | USD |
| CY2017Q1 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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|
595000 | USD |
| CY2017Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5173450 | shares |
| CY2017Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
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Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
7862000 | USD |
| CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
308925000 | USD |
| CY2016Q1 | alx |
Write Off Of Fully Amortized And Depreciated Assets
WriteOffOfFullyAmortizedAndDepreciatedAssets
|
12000 | USD |
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Comprehensive Income Net Of Tax
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|
21258000 | USD |
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Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1035049000 | USD |
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Increase Decrease In Accounts Payable And Accrued Liabilities
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|
-2961000 | USD |
| CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
85496000 | USD |
| CY2017Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
2922000 | USD |
| CY2016Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
179010000 | USD |
| CY2017Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
16000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1628000 | USD |
| CY2017Q1 | us-gaap |
Land
Land
|
44971000 | USD |
| CY2017Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5173450 | shares |
| CY2016Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
37918000 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
10499000 | USD |
| CY2017Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
18956000 | USD |
| CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
1098385000 | USD |
| CY2017Q1 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
177940000 | USD |
| CY2016Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
2929000 | USD |
| CY2017Q1 | us-gaap |
Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
|
349752000 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
45376000 | USD |
| CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
21737000 | USD |
| CY2016Q1 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
595000 | USD |
| CY2017Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
542000 | USD |
| CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2016Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
5406000 | USD |
| CY2016Q4 | us-gaap |
Land
Land
|
44971000 | USD |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
901000 | USD |
| CY2017Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
8045000 | USD |
| CY2017Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1778000 | USD |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
56000 | USD |
| CY2016Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1091000 | USD |
| CY2016Q1 | us-gaap |
Interest Paid
InterestPaid
|
4676000 | USD |
| CY2017Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
368000 | USD |
| CY2017Q1 | 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;' > Basis of Presentation </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 the accounts of Alexander’s and 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. 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;' >2016</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. The results of operations for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months</font><font style='font-family:Times New Roman;font-size:10pt;' > ended </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' > are not necessarily indicative of the operating results for the full year. </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> | |
| CY2017Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
2549000 | USD |
| CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1443932000 | USD |
| CY2016Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
780814000 | USD |
| CY2017Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
6160000 | USD |
| CY2017Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
4471000 | USD |
| CY2016Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
8333000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-22647000 | USD |
| CY2017Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2016Q4 | alx |
Unamortized Leasing Fees To Related Party
UnamortizedLeasingFeesToRelatedParty
|
36960000 | USD |
| CY2017Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2016Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8974000 | USD |
| CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
349384000 | USD |
| CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
4.25 | |
| CY2017Q1 | dei |
Trading Symbol
TradingSymbol
|
alx | |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
22021000 | USD |
| CY2016Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
18905000 | USD |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-3447000 | USD |
| CY2017Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000003499 | |
| CY2017Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2017Q1 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
0 | USD |
| CY2016Q1 | alx |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
359875000 | USD |
| CY2015Q4 | alx |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
344656000 | USD |
| CY2016Q4 | alx |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
374678000 | USD |
| CY2017Q1 | alx |
Non Cash Additions To Real Estate
NonCashAdditionsToRealEstate
|
192000 | USD |
| CY2016Q1 | alx |
Non Cash Additions To Real Estate
NonCashAdditionsToRealEstate
|
1931000 | USD |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
306530000 | USD |
| CY2017Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
2074000 | USD |
| CY2017Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
| CY2017Q1 | alx |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
392026000 | USD |
| CY2017Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
66160 | shares |
| CY2016Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
67254 | shares |
| CY2017Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5107290 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5106196 | shares |
| CY2017Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
10000000 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
10000000 | shares |
| CY2017Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
| CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
| CY2017Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
3000000 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
3000000 | shares |
| CY2017Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2017Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2017Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
| CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
| CY2017Q1 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
47271000 | USD |
| CY2016Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
48387000 | USD |
| CY2017Q1 | us-gaap |
Notes Payable
NotesPayable
|
1051973000 | USD |
| CY2016Q4 | us-gaap |
Notes Payable
NotesPayable
|
1052359000 | USD |
| CY2017Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
38273000 | USD |
| CY2016Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
36653000 | USD |
| CY2017Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
57229000 | USD |
| CY2016Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
55558000 | USD |
| CY2016Q1 | alx |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
15219000 | USD |
| CY2017Q1 | 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;' > 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 and redeveloping its properties. All references to “we,” “us,” “our,” “Company” and </font><font style='font-family:Times New Roman;font-size:10pt;' >“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 (“Vornado”) (NYSE: VNO). We have seven properties in the greater New York City metropolitan </font><font style='font-family:Times New Roman;font-size:10pt;' >area.</font></p></div> | |
| CY2017Q1 | alx |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
17348000 | USD |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
259349000 | USD |
| CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
85307000 | USD |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
276234000 | USD |
| CY2016Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
83641000 | USD |
| CY2017Q1 | us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
|
-3447000 | USD |
| CY2016Q1 | us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
|
-777000 | USD |
