$ARI
Apollo Commercial Real Estate Finance, Inc.

2014 Q2 Form 10-Q Financial Statement

#000144530514003122 Filed on July 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $29.00M $18.20M
YoY Change 59.34% 30.94%
Cost Of Revenue $5.300M $1.000M
YoY Change 430.0% -47.37%
Gross Profit $23.80M $17.20M
YoY Change 38.37% 43.33%
Gross Profit Margin 82.07% 94.51%
Selling, General & Admin $4.400M $4.000M
YoY Change 10.0% -2.44%
% of Gross Profit 18.49% 23.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.445M $4.037M
YoY Change 10.11% -0.42%
Operating Profit $19.36M $13.16M
YoY Change 47.04% 65.66%
Interest Expense $5.258M $955.0K
YoY Change 450.58% -50.49%
% of Operating Profit 27.17% 7.26%
Other Income/Expense, Net
YoY Change
Pretax Income $24.00M $11.80M
YoY Change 103.39% 19.19%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $23.96M $11.79M
YoY Change 103.22% 18.96%
Net Earnings / Revenue 82.61% 64.77%
Basic Earnings Per Share
Diluted Earnings Per Share $556.8K $315.5K
COMMON SHARES
Basic Shares Outstanding 42.89M shares 36.88M shares
Diluted Shares Outstanding 43.10M shares 37.37M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.30M $156.8M
YoY Change -59.63% 1206.67%
Cash & Equivalents $63.34M $156.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $78.50M $161.6M
YoY Change -51.42% 596.55%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.096B $592.0M
YoY Change 85.17% 2.8%
Other Assets $35.20M $1.000M
YoY Change 3420.0% -16.67%
Total Long-Term Assets $1.476B $736.5M
YoY Change 100.44% 8.26%
TOTAL ASSETS
Total Short-Term Assets $78.50M $161.6M
Total Long-Term Assets $1.476B $736.5M
Total Assets $1.555B $898.1M
YoY Change 73.11% 27.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.300M $1.400M
YoY Change 278.57% 27.27%
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 $28.90M $20.80M
YoY Change 38.94% 85.71%
LONG-TERM LIABILITIES
Long-Term Debt $674.8M $191.3M
YoY Change 252.74% -45.45%
Other Long-Term Liabilities $1.100M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $675.9M $191.3M
YoY Change 253.32% -45.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.90M $20.80M
Total Long-Term Liabilities $675.9M $191.3M
Total Liabilities $704.8M $212.1M
YoY Change 232.23% -41.43%
SHAREHOLDERS EQUITY
Retained Earnings -$10.13M -$9.320M
YoY Change 8.71%
Common Stock $860.9M $695.9M
YoY Change 23.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $850.0M $686.0M
YoY Change
Total Liabilities & Shareholders Equity $1.555B $898.1M
YoY Change 73.11% 27.66%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $23.96M $11.79M
YoY Change 103.22% 18.96%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $15.70M $11.30M
YoY Change 38.94% 213.89%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$588.2M -$42.50M
YoY Change 1284.0% 333.67%
Cash From Investing Activities -$588.2M -$42.50M
YoY Change 1284.0% 333.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 509.4M -37.70M
YoY Change -1451.19% 183.46%
NET CHANGE
Cash From Operating Activities 15.70M 11.30M
Cash From Investing Activities -588.2M -42.50M
Cash From Financing Activities 509.4M -37.70M
Net Change In Cash -63.10M -68.90M
YoY Change -8.42% 253.33%
FREE CASH FLOW
Cash From Operating Activities $15.70M $11.30M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
5531000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
30127000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
30127000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10132000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-14188000 USD
CY2014Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
446224000 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
202033000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
-88000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1311000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
158693000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
849998000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
682956000 USD
CY2014Q2 us-gaap Trading Securities Pledged As Collateral
TradingSecuritiesPledgedAsCollateral
324724000 USD
CY2013Q4 us-gaap Trading Securities Pledged As Collateral
TradingSecuritiesPledgedAsCollateral
158086000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1093000 USD
CY2014Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1093000 USD
CY2013Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
57000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
130000 USD
CY2014Q2 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
4749000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
6934000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
-2500000 USD
CY2013Q2 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
-1421000 USD
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37373885 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40236109 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33946329 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43099354 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36880410 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33511889 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42888747 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40021722 shares
CY2013Q4 ari Availableforsale Debt Securities Face Amount
AvailableforsaleDebtSecuritiesFaceAmount
188643000 USD
CY2014Q2 ari Availableforsale Debt Securities Face Amount
AvailableforsaleDebtSecuritiesFaceAmount
343596000 USD
CY2013Q4 ari Availableforsale Securities Fair Value
AvailableforsaleSecuritiesFairValue
191448000 USD
CY2014Q2 ari Availableforsale Securities Fair Value
AvailableforsaleSecuritiesFairValue
348005000 USD
ari Deferred Financing Costs Not Yet Paid
DeferredFinancingCostsNotYetPaid
0 USD
ari Deferred Financing Costs Not Yet Paid
DeferredFinancingCostsNotYetPaid
250000 USD
ari Earnings Per Share Basicand Diluted Distributed
EarningsPerShareBasicandDilutedDistributed
0.88
ari Earnings Per Share Basicand Diluted Distributed
EarningsPerShareBasicandDilutedDistributed
0.84
CY2013Q2 ari Earnings Per Share Basicand Diluted Distributed
EarningsPerShareBasicandDilutedDistributed
0.40
CY2014Q2 ari Earnings Per Share Basicand Diluted Distributed
EarningsPerShareBasicandDilutedDistributed
0.44
CY2013Q2 ari Earnings Per Share Basicand Diluted Undistributed
EarningsPerShareBasicandDilutedUndistributed
-0.13
ari Earnings Per Share Basicand Diluted Undistributed
EarningsPerShareBasicandDilutedUndistributed
0.10
ari Earnings Per Share Basicand Diluted Undistributed
EarningsPerShareBasicandDilutedUndistributed
-0.29
CY2014Q2 ari Earnings Per Share Basicand Diluted Undistributed
EarningsPerShareBasicandDilutedUndistributed
0.07
CY2014Q2 ari Interestand Fee Income Loans Repurchase Agreements
InterestandFeeIncomeLoansRepurchaseAgreements
0 USD
CY2013Q2 ari Interestand Fee Income Loans Repurchase Agreements
InterestandFeeIncomeLoansRepurchaseAgreements
0 USD
ari Interestand Fee Income Loans Repurchase Agreements
InterestandFeeIncomeLoansRepurchaseAgreements
2000 USD
ari Interestand Fee Income Loans Repurchase Agreements
InterestandFeeIncomeLoansRepurchaseAgreements
0 USD
CY2013Q2 ari Interestand Fee Income Loans Subordinate Commercial Real Estate
InterestandFeeIncomeLoansSubordinateCommercialRealEstate
11498000 USD
CY2014Q2 ari Interestand Fee Income Loans Subordinate Commercial Real Estate
InterestandFeeIncomeLoansSubordinateCommercialRealEstate
18238000 USD
ari Interestand Fee Income Loans Subordinate Commercial Real Estate
InterestandFeeIncomeLoansSubordinateCommercialRealEstate
22953000 USD
ari Interestand Fee Income Loans Subordinate Commercial Real Estate
InterestandFeeIncomeLoansSubordinateCommercialRealEstate
32968000 USD
CY2013Q2 ari Participating Securities Distributedand Undistributed Earnings Loss Basicand Diluted
ParticipatingSecuritiesDistributedandUndistributedEarningsLossBasicandDiluted
200000 USD
ari Participating Securities Distributedand Undistributed Earnings Loss Basicand Diluted
ParticipatingSecuritiesDistributedandUndistributedEarningsLossBasicandDiluted
174000 USD
CY2014Q2 ari Participating Securities Distributedand Undistributed Earnings Loss Basicand Diluted
ParticipatingSecuritiesDistributedandUndistributedEarningsLossBasicandDiluted
88000 USD
ari Participating Securities Distributedand Undistributed Earnings Loss Basicand Diluted
ParticipatingSecuritiesDistributedandUndistributedEarningsLossBasicandDiluted
395000 USD
CY2014Q2 ari Payablefor Offering Costs
PayableforOfferingCosts
212000 USD
CY2013Q2 ari Payablefor Offering Costs
PayableforOfferingCosts
47000 USD
ari Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
53475000 USD
ari Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
33846000 USD
ari Paymentsto Purchase Commercial Real Estate Loans Heldforsale
PaymentstoPurchaseCommercialRealEstateLoansHeldforsale
181590000 USD
ari Paymentsto Purchase Commercial Real Estate Loans Heldforsale
PaymentstoPurchaseCommercialRealEstateLoansHeldforsale
0 USD
ari Paymentsto Purchase Securitiesat Estimated Fair Value
PaymentstoPurchaseSecuritiesatEstimatedFairValue
0 USD
ari Paymentsto Purchase Securitiesat Estimated Fair Value
PaymentstoPurchaseSecuritiesatEstimatedFairValue
173969000 USD
ari Paymentsto Purchase Subordinate Commercial Real Estate Loans Heldforsale
PaymentstoPurchaseSubordinateCommercialRealEstateLoansHeldforsale
174190000 USD
ari Paymentsto Purchase Subordinate Commercial Real Estate Loans Heldforsale
PaymentstoPurchaseSubordinateCommercialRealEstateLoansHeldforsale
318922000 USD
ari Principal Payments Received On Securities Available For Sale
PrincipalPaymentsReceivedOnSecuritiesAvailableForSale
9969000 USD
ari Principal Payments Received On Securities Available For Sale
PrincipalPaymentsReceivedOnSecuritiesAvailableForSale
13267000 USD
ari Principal Payments Received On Securitiesat Estimated Fair Value
PrincipalPaymentsReceivedOnSecuritiesatEstimatedFairValue
25415000 USD
ari Principal Payments Received On Securitiesat Estimated Fair Value
PrincipalPaymentsReceivedOnSecuritiesatEstimatedFairValue
14009000 USD
ari Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
0 USD
ari Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
297665000 USD
ari Proceedsfrom Collectionof Commercial Real Estate Loans Heldforsale
ProceedsfromCollectionofCommercialRealEstateLoansHeldforsale
68779000 USD
ari Proceedsfrom Collectionof Commercial Real Estate Loans Heldforsale
ProceedsfromCollectionofCommercialRealEstateLoansHeldforsale
71434000 USD
CY2014Q2 ari Proceedsfrom Issuanceof Common Stock Netof Offering Costs
ProceedsfromIssuanceofCommonStockNetofOfferingCosts
158398000 USD
ari Proceedsfrom Participating Mortgage Loans
ProceedsfromParticipatingMortgageLoans
89012000 USD
ari Proceedsfrom Participating Mortgage Loans
ProceedsfromParticipatingMortgageLoans
0 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001467760
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
46848675 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Apollo Commercial Real Estate Finance, Inc.
dei Trading Symbol
TradingSymbol
ARI

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ari-20140630.xml Edgar Link completed
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