2016 Q3 Form 10-Q Financial Statement

#000119312516658148 Filed on July 26, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $128.2M $130.5M $80.48M
YoY Change -7.35% 62.11% 89.52%
Cost Of Revenue $45.40M $49.10M $30.60M
YoY Change -11.5% 60.46% 94.9%
Gross Profit $82.80M $81.40M $49.80M
YoY Change -4.83% 63.45% 86.52%
Gross Profit Margin 64.59% 62.39% 61.88%
Selling, General & Admin $21.10M $22.60M $23.70M
YoY Change 10.47% -4.64% 19.7%
% of Gross Profit 25.48% 27.76% 47.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $21.10M $22.60M $23.80M
YoY Change 10.47% -5.04% 20.2%
Operating Profit $61.70M $58.80M $26.00M
YoY Change -9.13% 126.15% 276.81%
Interest Expense $45.37M $49.07M $30.63M
YoY Change -11.6% 60.17% -2.75%
% of Operating Profit 73.54% 83.44% 117.82%
Other Income/Expense, Net
YoY Change
Pretax Income $66.59M $69.30M $32.52M
YoY Change -1.88% 113.07% -15.31%
Income Tax $194.0K -$154.0K $105.0K
% Of Pretax Income 0.29% -0.22% 0.32%
Net Earnings $64.79M $63.08M $29.28M
YoY Change -3.13% 115.41% -12.5%
Net Earnings / Revenue 50.55% 48.35% 36.39%
Basic Earnings Per Share
Diluted Earnings Per Share $688.6K $670.6K $362.2K
COMMON SHARES
Basic Shares Outstanding 93.91M shares 93.91M shares 81.45M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.00M $182.0M $104.0M
YoY Change -32.37% 75.0% -13.33%
Cash & Equivalents $94.06M $181.8M $104.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $94.00M $182.0M $104.0M
YoY Change -32.37% 75.0% -13.33%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.678M $2.806M $7.000M
YoY Change -76.03% -59.91% -50.0%
Other Assets $1.000M $0.00 $7.000M
YoY Change -88.89% -100.0% -36.36%
Total Long-Term Assets $8.417B $9.306B $10.36B
YoY Change -13.34% -10.19% 185.08%
TOTAL ASSETS
Total Short-Term Assets $94.00M $182.0M $104.0M
Total Long-Term Assets $8.417B $9.306B $10.36B
Total Assets $8.511B $9.488B $10.47B
YoY Change -13.61% -9.34% 178.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $7.089B
YoY Change -100.0% 298.26%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.089B
YoY Change 298.26%
LONG-TERM LIABILITIES
Long-Term Debt $5.896B $6.786B $799.0M
YoY Change -18.75% 749.31% 28.46%
Other Long-Term Liabilities $110.0M $193.0M $83.00M
YoY Change 15.79% 132.53% 16.9%
Total Long-Term Liabilities $6.006B $6.979B $882.0M
YoY Change -18.31% 691.27% 27.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.089B
Total Long-Term Liabilities $6.006B $6.979B $882.0M
Total Liabilities $6.006B $6.979B $7.971B
YoY Change -18.3% -12.44% 222.34%
SHAREHOLDERS EQUITY
Retained Earnings -$535.8M -$542.3M -$561.9M
YoY Change -3.09% -3.49% 5.65%
Common Stock $3.086B $3.080B $3.063B
YoY Change 0.63% 0.54% 73.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.504B $2.496B $2.483B
YoY Change
Total Liabilities & Shareholders Equity $8.511B $9.488B $10.47B
YoY Change -13.61% -9.34% 178.74%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $64.79M $63.08M $29.28M
YoY Change -3.13% 115.41% -12.5%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $64.30M $57.50M -$26.00M
YoY Change -34.52% -321.15% -236.84%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $846.1M $89.50M -$5.159B
YoY Change 59.79% -101.73% 551.81%
Cash From Investing Activities $846.1M $89.50M -$5.159B
YoY Change 59.79% -101.73% 551.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.900M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -997.8M -83.60M 5.269B
YoY Change 67.81% -101.59% 540.97%
NET CHANGE
Cash From Operating Activities 64.30M 57.50M -26.00M
Cash From Investing Activities 846.1M 89.50M -5.159B
Cash From Financing Activities -997.8M -83.60M 5.269B
Net Change In Cash -87.40M 63.40M 84.30M
YoY Change -364.05% -24.79% 69.96%
FREE CASH FLOW
Cash From Operating Activities $64.30M $57.50M -$26.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
60371000
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
51332000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13833000
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
93912936 shares
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104252000
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2495487000
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
31000000
CY2016Q2 us-gaap Derivative Assets
DerivativeAssets
14023000
CY2016Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
24000000
CY2016Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
32200000
CY2016Q2 us-gaap Assets
Assets
9488461000
CY2016Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16789000
CY2016Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0
CY2016Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
845000
CY2016Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3079903000
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
181796000
CY2016Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
165373000
CY2016Q2 us-gaap Equity Method Investments
EquityMethodInvestments
2806000
CY2016Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
14023000
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
73100000
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-42143000
CY2016Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0
CY2016Q2 us-gaap Prepaid Taxes
PrepaidTaxes
486000
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
593000
CY2016Q2 us-gaap Other Assets
OtherAssets
212449000
CY2016Q2 us-gaap Other Liabilities
OtherLiabilities
193316000
CY2016Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0
CY2016Q2 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
12700000
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Liabilities
Liabilities
6979367000
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9488461000
CY2016Q2 us-gaap Members Equity
MembersEquity
9000000
CY2016Q2 us-gaap Minority Interest
MinorityInterest
12677000
CY2016Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
9090934000
CY2016Q2 us-gaap Interest Receivable
InterestReceivable
36022000
CY2016Q2 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
21700000
CY2016Q2 us-gaap Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
422585000
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
2496417000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5007000
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2509094000
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-542282000
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
476000
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
0
CY2016Q2 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
6198093000
CY2016Q2 bxmt Stock Shares Authorized
StockSharesAuthorized
300000000 shares
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-4336000
CY2016Q2 bxmt Principal Collateral Of Gross Loan For Asset Specific Financing Agreements
PrincipalCollateralOfGrossLoanForAssetSpecificFinancingAgreements
619811000
CY2016Q2 bxmt Secured Debt Financing Agreements
SecuredDebtFinancingAgreements
488634000
CY2016Q2 bxmt Book Value Collateral Of Gross Loan For Asset Specific Financing Agreements
BookValueCollateralOfGrossLoanForAssetSpecificFinancingAgreements
614532000
CY2016Q2 bxmt Number Of Benefit Plans
NumberOfBenefitPlans
7 Plans
CY2016Q2 bxmt Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
0.63 pure
CY2016Q2 bxmt Floating Rate Loans
FloatingRateLoans
146000000
CY2016Q2 bxmt Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
511586000
CY2016Q2 bxmt Debt Instrument Covenant Requirement On Consolidated Tangible Net Worth Minimum
DebtInstrumentCovenantRequirementOnConsolidatedTangibleNetWorthMinimum
1900000000
CY2016Q2 bxmt Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
0.37 pure
CY2016Q2 bxmt Real Estate Debt And Equity Investments At Fair Value
RealEstateDebtAndEquityInvestmentsAtFairValue
22442000
CY2016Q2 bxmt Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
6214882000
CY2016Q2 bxmt Secured Debt Repurchase Agreements Face Amount
SecuredDebtRepurchaseAgreementsFaceAmount
490702000
CY2016Q2 bxmt Loans Outstanding With Unfunded Commitments
LoansOutstandingWithUnfundedCommitments
63 Loans
CY2016Q2 bxmt Libor Average Floor Rate
LiborAverageFloorRate
0.0180 pure
CY2016Q2 bxmt Percentage Of Portfolio
PercentageOfPortfolio
1.00 pure
CY2016Q2 bxmt Debt Instrument Covenant Minimum Percentage Of Cash Liquidity On Recourse Indebtedness
DebtInstrumentCovenantMinimumPercentageOfCashLiquidityOnRecourseIndebtedness
0.05 pure
CY2016Q2 bxmt Loan Portfolio Payments Held By Our Third Party Loan Servicer
LoanPortfolioPaymentsHeldByOurThirdPartyLoanServicer
138883000
CY2016Q2 bxmt Weighted Average Risk Rating On Loan Exposure
WeightedAverageRiskRatingOnLoanExposure
2.3 pure
CY2016Q2 bxmt Loans Exposure Amount
LoansExposureAmount
10185476000
CY2016Q2 bxmt Loan Exposure Amount Including Non Consolidated Senior Interests
LoanExposureAmountIncludingNonConsolidatedSeniorInterests
1100000000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51810000
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1500886000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
25000000
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
8657000
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
us-gaap Gain Loss On Investments
GainLossOnInvestments
22190000
us-gaap Interest Paid
InterestPaid
43558000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1112000
CY2015Q4 bxmt Loans Exposure Amount
LoansExposureAmount
10148126000
us-gaap Net Income Loss
NetIncomeLoss
64679000
CY2015Q4 bxmt Loan Exposure Amount Including Non Consolidated Senior Interests
LoanExposureAmountIncludingNonConsolidatedSeniorInterests
1000000000
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2016Q2 bxmt Number Of Directors
NumberOfDirectors
8 Directors
CY2016Q2 bxmt Percentage Of Compensation Form Of Deferred Stock Units
PercentageOfCompensationFormOfDeferredStockUnits
0.60 pure
CY2016Q2 bxmt Number Of Directors Eligible For Annual Compensation
NumberOfDirectorsEligibleForAnnualCompensation
5 Directors
CY2016Q2 bxmt Percentage Of Compensation Paid In Cash
PercentageOfCompensationPaidInCash
0.40 pure
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
6504000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7955000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.93
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.04
CY2015Q4 us-gaap Assets
Assets
9376573000
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15646000
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0
CY2015Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1448000
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3070200000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96450000
CY2015Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
164026000
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
9441000
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
8657000
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
4141000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23359000
us-gaap Dividends Common Stock
DividendsCommonStock
78874000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
1110000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
57800000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
443000
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
3079000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-32758000
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0
CY2015Q4 us-gaap Prepaid Taxes
PrepaidTaxes
525000
CY2015Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
159000000
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
890000
CY2015Q4 us-gaap Other Assets
OtherAssets
184119000
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
93679000
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0
CY2015Q4 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
13100000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
28000
CY2015Q4 us-gaap Liabilities
Liabilities
6870842000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
6241975000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9376573000
CY2015Q4 us-gaap Members Equity
MembersEquity
9400000
CY2015Q4 us-gaap Minority Interest
MinorityInterest
13143000
CY2015Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
9077007000
CY2015Q4 us-gaap Interest Receivable
InterestReceivable
37161000
CY2015Q4 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
22500000
CY2015Q4 us-gaap Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
497032000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2492588000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2505731000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-545791000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9556000
CY2015Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
0
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
12198000
CY2015Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
602000
CY2015Q4 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
6116105000
CY2015Q4 bxmt Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
0.64 pure
CY2015Q4 bxmt Floating Rate Loans
FloatingRateLoans
147900000
CY2015Q4 bxmt Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
608554000
CY2015Q4 bxmt Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
0.36 pure
CY2015Q4 bxmt Real Estate Debt And Equity Investments At Fair Value
RealEstateDebtAndEquityInvestmentsAtFairValue
14220000
CY2015Q4 bxmt Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
6131751000
CY2015Q4 bxmt Libor Average Floor Rate
LiborAverageFloorRate
0.0180 pure
CY2015Q4 bxmt Percentage Of Portfolio
PercentageOfPortfolio
1.00 pure
CY2015Q4 bxmt Loan Portfolio Payments Held By Our Third Party Loan Servicer
LoanPortfolioPaymentsHeldByOurThirdPartyLoanServicer
122666000
CY2015Q4 bxmt Weighted Average Risk Rating On Loan Exposure
WeightedAverageRiskRatingOnLoanExposure
2.2 pure
bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
256000000
bxmt Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
95144000
us-gaap Profit Loss
ProfitLoss
78512000
dei Entity Registrant Name
EntityRegistrantName
BLACKSTONE MORTGAGE TRUST, INC.
us-gaap Share Based Compensation
ShareBasedCompensation
11184000
us-gaap Restricted Stock Expense
RestrictedStockExpense
6506000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
69820061 shares
bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
188000
bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
11801000
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
11353000
bxmt Loan Participation Sold Repaid Net
LoanParticipationSoldRepaidNet
131836000
dei Entity Central Index Key
EntityCentralIndexKey
0001061630
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13833000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
78862000
us-gaap Interest Expense
InterestExpense
54796000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5723267000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17712000
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
686037000
us-gaap Noninterest Expense
NoninterestExpense
38080000
us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
16373000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4308000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
56703000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
36985000
us-gaap Payments For Participation Liabilities
PaymentsForParticipationLiabilities
124164000
dei Document Type
DocumentType
10-Q
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-36985000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-4566000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1029557000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
74204000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1520790000
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
7000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1029557000
us-gaap Professional Fees
ProfessionalFees
1476000
bxmt Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
48480000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
89093000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
60695000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
5768248000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
126000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
6430243000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
143889000
us-gaap Management Fee Expense
ManagementFeeExpense
14721000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5659000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
350000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6351000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
9335000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9752000
us-gaap Deferred Revenue Description
DeferredRevenueDescription
Income accrual is generally suspended for loans at the earlier of the date at which payments become 90 days past due or when, in the opinion of our Manager, recovery of income and principal becomes doubtful.
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.24
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.28
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13576000
us-gaap Dividends Common Stock
DividendsCommonStock
116452000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-126000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Amendment Flag
AmendmentFlag
false
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
1353000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
20360000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
110743000
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
83993000
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2016-07-15
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6521000
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2016-08-31
us-gaap Debt Instrument Term
DebtInstrumentTerm
P6M
us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2016-06-15
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
5831000
us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2016-06-30
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6837000
us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less.
us-gaap Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
2029-12-31
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
204000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
1401871000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
253496000
us-gaap Management Fee Expense
ManagementFeeExpense
29460000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
133000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-15343000
us-gaap Gain Loss On Investments
GainLossOnInvestments
10589000
us-gaap Interest Paid
InterestPaid
84408000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1391000
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
11478000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3424000
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
13240000
us-gaap Management Fee Description
ManagementFeeDescription
Manager is entitled to an incentive fee in an amount equal to the product of (i) 20% and (ii) the excess of (a) our Core Earnings (as defined in our management agreement) for the previous 12-month period over (b) an amount equal to 7.00% per annum multiplied by our outstanding Equity, provided that our Core Earnings over the prior three-year period is greater than zero. Core Earnings, as defined in our management agreement, is generally equal to our net income (loss) prepared in accordance with GAAP, excluding (i) certain non-cash items (ii) the net income (loss) related to our legacy portfolio and (iii) incentive management fees.
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
5958000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1508171000
us-gaap Net Income Loss
NetIncomeLoss
120128000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6521000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
126736000
us-gaap Interest Expense
InterestExpense
94446000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-47408000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9316000
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
1323770000
us-gaap Noninterest Expense
NoninterestExpense
43036000
us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
21613000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9385000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-4248000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
87000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6987000
us-gaap Payments For Participation Liabilities
PaymentsForParticipationLiabilities
92000000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
159050000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
116323000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
8106000
us-gaap Proceeds From Loans
ProceedsFromLoans
102600000
us-gaap Profit Loss
ProfitLoss
126649000
us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b>1. ORGANIZATION</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt" align="justify">References herein to &#x201C;Blackstone Mortgage Trust,&#x201D; &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;us&#x201D; or &#x201C;our&#x201D; refer to Blackstone Mortgage Trust,&#xA0;Inc. and its subsidiaries unless the context specifically requires otherwise.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt" align="justify">Blackstone Mortgage Trust is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. We are externally managed by BXMT Advisors L.L.C., or our Manager, a subsidiary of The Blackstone Group L.P., or Blackstone, and are a real estate investment trust, or REIT, traded on the New York Stock Exchange, or NYSE, under the symbol &#x201C;BXMT.&#x201D; We are headquartered in New York City.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt" align="justify">We conduct our operations as a REIT for U.S. federal income tax purposes. We generally will not be subject to U.S. federal income taxes on our taxable income to the extent that we annually distribute all of our net taxable income to stockholders and maintain our qualification as a REIT. We also operate our business in a manner that permits us to maintain an exclusion from registration under the Investment Company Act of 1940, as amended. We are organized as a holding company and conduct our business primarily through our various subsidiaries.</p> </div>
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
123295000
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-6987000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-9080000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13000
us-gaap Professional Fees
ProfessionalFees
1644000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt" align="justify">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may ultimately differ from those estimates.</p> </div>
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
117264000
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt" align="justify">The following table outlines the key terms of our revolving repurchase facilities as of June&#xA0;30, 2016:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="13%"></td> <td valign="bottom" width="2%"></td> <td width="6%"></td> <td valign="bottom" width="2%"></td> <td width="7%"></td> <td valign="bottom" width="2%"></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td valign="bottom" width="2%"></td> <td width="35%"></td> <td valign="bottom" width="2%"></td> <td width="14%"></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; WIDTH: 24.9pt; BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 0pt"> <b>Lender</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Currency</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Guarantee<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Advance&#xA0;Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Margin Call<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Term/Maturity</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Wells Fargo</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">$</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">L+1.82%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">79.5%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">Collateral marks only</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> MetLife</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">$</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">L+1.84%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">78.8%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">Collateral marks only</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">April 22, 2022<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Bank&#xA0;of&#xA0;America</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">$</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">L+1.68%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">79.3%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">Collateral marks only</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">May 21, 2021<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> JP Morgan</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">$&#xA0;/&#xA0;&#xA3;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">L+1.86%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">78.8%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">Collateral marks only</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">January 7, 2018</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Citibank</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">$</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">L+1.92%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">78.1%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">Collateral marks only</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Morgan Stanley</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> &#xA3;&#xA0;&#xA0;/&#xA0;&#x20AC;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">L+2.35%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">78.8%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">Collateral marks only</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">March 1, 2019</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Soci&#xE9;t&#xE9; G&#xE9;n&#xE9;rale</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> &#xA3;&#xA0;&#xA0;/&#xA0;&#x20AC;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">L+1.60%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">80.0%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">Collateral marks only</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> </tr> </table> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 10%; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(1)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Represents weighted-average cash coupon based on borrowings outstanding. In instances where our borrowings are denominated in currencies other than the U.S. Dollar, interest accrues at a rate equivalent to a margin plus a base rate other than 1-month USD LIBOR, such as 3-month GBP LIBOR, 3-month EURIBOR, or 3-month CDOR.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(2)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Other than amounts guaranteed based on specific collateral asset types, borrowings under our revolving repurchase facilities are non-recourse to us.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(3)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Represents weighted-average advance rate based on the outstanding principal balance of the collateral assets pledged.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(4)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Margin call provisions under our revolving repurchase facilities do not permit valuation adjustments based on capital markets events, and are limited to collateral-specific credit marks.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(5)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">These revolving repurchase facilities have various availability periods during which new advances can be made and which are generally subject to each lender&#x2019;s discretion. Maturity dates for advances outstanding are tied to the term of each respective collateral asset.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(6)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Includes five one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(7)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Includes two one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> </div>
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1328131000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2000
dei Trading Symbol
TradingSymbol
BXMT
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
13000
us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Revenue Recognition</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt" align="justify">Interest income from our loans receivable portfolio is recognized over the life of each investment using the effective interest method and is recorded on the accrual basis. Recognition of fees, premiums, and discounts associated with these investments is deferred until the loan is advanced and is then recorded over the term of the loan as an adjustment to yield. Income accrual is generally suspended for loans at the earlier of the date at which payments become 90 days past due or when, in the opinion of our Manager, recovery of income and principal becomes doubtful. Income is then recorded on the basis of cash received until accrual is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. In addition, for loans we originate, the related origination expenses are deferred and recognized as a component of interest income, however expenses related to loans we acquire are included in general and administrative expenses as incurred.</p> </div>
us-gaap Share Based Compensation
ShareBasedCompensation
10315000
us-gaap Restricted Stock Expense
RestrictedStockExpense
9335000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94066096 shares
us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
116
bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
188000
CY2015 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
125
CY2015 bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
3 Loans
CY2015 bxmt Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
2018-11
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.36
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15698000
bxmt Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
0.90 pure
bxmt Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
0.0700 pure
bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
3035000
bxmt Commitments Expiration Period
CommitmentsExpirationPeriod
P3Y
bxmt Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
0.75 pure
bxmt Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
0.0150 pure
bxmt Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
58382000
bxmt Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
1.00 pure
bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
54441000
bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
2 Loans
bxmt Excise Tax Rate
ExciseTaxRate
0.04 pure
bxmt Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
138573000
bxmt Expected Loss On Investment
ExpectedLossOnInvestment
0
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
10449000
bxmt Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
0.20 pure
CY2016Q2 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
12524000
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-21321000
CY2016Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
10524000
CY2016Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
521000
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
12624000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
63081000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
69296000
CY2015Q2 us-gaap Dividends Common Stock
DividendsCommonStock
48480000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
41708000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3133000
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
15732000
CY2015Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
4714000
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6369000
CY2015Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
554000
CY2016Q2 us-gaap Interest Expense
InterestExpense
49065000
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-3308000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
29284000
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3133000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
32522000
CY2015Q2 us-gaap Interest Expense
InterestExpense
30634000
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
23749000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
49847000
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
80481000
CY2015Q2 us-gaap Management Fee Expense
ManagementFeeExpense
8051000
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1710000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
105000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
44841000
CY2015Q2 us-gaap Professional Fees
ProfessionalFees
777000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
32417000
CY2015Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
3303000
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
80940535 shares
CY2015Q2 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
10344000
CY2015Q2 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
5249000
bxmt Number Of Equal Quarterly Installments
NumberOfEqualQuarterlyInstallments
4 Installments
bxmt Secured Debt Repayments Held By Servicer
SecuredDebtRepaymentsHeldByServicer
102626000
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.67
CY2016Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-100000
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6781000
bxmt Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
2019-09
CY2016Q2 us-gaap Dividends Common Stock
DividendsCommonStock
58226000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
54384000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6369000
bxmt Loan Participation Sold Repaid Net
LoanParticipationSoldRepaidNet
-37559000
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-154000
CY2016Q2 us-gaap Professional Fees
ProfessionalFees
756000
CY2016Q2 us-gaap Profit Loss
ProfitLoss
69450000
CY2016Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
4742000
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94064423 shares
CY2016Q2 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
1277000
CY2016Q2 bxmt Plan Adoption Date
PlanAdoptionDate
2014-03-25
CY2016Q2 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
5463000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
60753000
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
22628000
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
81406000
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
130471000
CY2016Q2 us-gaap Management Fee Expense
ManagementFeeExpense
15847000

Files In Submission

Name View Source Status
0001193125-16-658148-index-headers.html Edgar Link pending
0001193125-16-658148-index.html Edgar Link pending
0001193125-16-658148.txt Edgar Link pending
0001193125-16-658148-xbrl.zip Edgar Link pending
bxmt-20160630.xml Edgar Link completed
bxmt-20160630.xsd Edgar Link pending
bxmt-20160630_cal.xml Edgar Link unprocessable
bxmt-20160630_def.xml Edgar Link unprocessable
bxmt-20160630_lab.xml Edgar Link unprocessable
bxmt-20160630_pre.xml Edgar Link unprocessable
d108792d10q.htm Edgar Link pending
d108792dex101.htm Edgar Link pending
d108792dex102.htm Edgar Link pending
d108792dex103.htm Edgar Link pending
d108792dex104.htm Edgar Link pending
d108792dex311.htm Edgar Link pending
d108792dex312.htm Edgar Link pending
d108792dex321.htm Edgar Link pending
d108792dex322.htm Edgar Link pending
d108792dex991.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g108792g15g61.jpg Edgar Link pending
g108792g29l77.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending