$CLPR
Clipper Realty Inc

2017 Q1 Form 10-Q Financial Statement

#000143774917009242 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $25.26M $21.73M
YoY Change 16.28%
Cost Of Revenue $17.91M $15.72M
YoY Change 13.92%
Gross Profit $7.354M $6.005M
YoY Change 22.46%
Gross Profit Margin 29.11% 27.64%
Selling, General & Admin $6.850M $5.880M
YoY Change 16.5%
% of Gross Profit 93.15% 97.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.705M $3.073M
YoY Change 20.57%
% of Gross Profit 50.38% 51.17%
Operating Expenses $7.354M $9.170M
YoY Change -19.8%
Operating Profit $7.354M $6.005M
YoY Change 22.46%
Interest Expense $8.652M $9.211M
YoY Change -6.07%
% of Operating Profit 117.65% 153.39%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.300M -$3.210M
YoY Change -59.5%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.298M -$3.206M
YoY Change -59.51%
Net Earnings / Revenue -5.14% -14.76%
Basic Earnings Per Share -$469.00
Diluted Earnings Per Share -$0.03 -$84.94K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.2M
YoY Change
Cash & Equivalents $105.2M $115.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.400M
Other Receivables $0.00
Total Short-Term Assets $110.6M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $822.5M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.50M
YoY Change
Total Long-Term Assets $870.7M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $110.6M
Total Long-Term Assets $870.7M
Total Assets $981.3M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.500M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.90M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $754.8M
YoY Change
Other Long-Term Liabilities $13.00M
YoY Change
Total Long-Term Liabilities $767.8M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $12.90M
Total Long-Term Liabilities $767.8M
Total Liabilities $780.7M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$10.57M
YoY Change
Common Stock $178.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $80.96M
YoY Change
Total Liabilities & Shareholders Equity $981.3M
YoY Change

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$1.298M -$3.206M
YoY Change -59.51%
Depreciation, Depletion And Amortization $3.705M $3.073M
YoY Change 20.57%
Cash From Operating Activities $1.151M $990.0K
YoY Change 16.26%
INVESTING ACTIVITIES
Capital Expenditures $3.102M -$8.360M
YoY Change -137.11%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$11.96M -$8.360M
YoY Change 43.09%
FINANCING ACTIVITIES
Cash Dividend Paid $2.479M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 78.48M -2.590M
YoY Change -3129.92%
NET CHANGE
Cash From Operating Activities 1.151M 990.0K
Cash From Investing Activities -11.96M -8.360M
Cash From Financing Activities 78.48M -2.590M
Net Change In Cash 67.66M -9.960M
YoY Change -779.36%
FREE CASH FLOW
Cash From Operating Activities $1.151M $990.0K
Capital Expenditures $3.102M -$8.360M
Free Cash Flow -$1.951M $9.350M
YoY Change -120.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2016Q1 clpr Amortization Of Deferred Costs And Intangible Assets
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CY2017Q1 clpr Amortization Of Lease Origination Costs And In Place Lease Intangible Assets
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230000
CY2016Q1 clpr Amortization Of Lease Origination Costs And In Place Lease Intangible Assets
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CY2017Q1 clpr Amortization Of Real Estate Abatements
AmortizationOfRealEstateAbatements
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CY2016Q1 clpr Amortization Of Real Estate Abatements
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CommercialIncome
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137500000
CY2016Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
137500000
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
132
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
132
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
132
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
132
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
14639000
CY2016Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
11216000
CY2017Q1 us-gaap Profit Loss
ProfitLoss
-1298000
CY2016Q1 us-gaap Profit Loss
ProfitLoss
-3206000
CY2017Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
61879000
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
58174000
CY2017Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
884353000
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
881251000
CY2017Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
822474000
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
25263000
CY2016Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
21726000
CY2017Q1 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4652000
CY2016Q1 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4051000
CY2017Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
-77000
CY2016Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
-3000
CY2017Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
245000
CY2016Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
176000
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16539000
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11105000
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10566000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8584000
CY2017Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
6380000
CY2016Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
6248000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
595000
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
510000
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
78855000
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
80958000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
38201000
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
200570000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
126216000
CY2017Q1 us-gaap Tenant Improvements
TenantImprovements
2986000
CY2016Q4 us-gaap Tenant Improvements
TenantImprovements
2986000
CY2017Q1 us-gaap Tenant Reimbursements
TenantReimbursements
1044000
CY2016Q1 us-gaap Tenant Reimbursements
TenantReimbursements
813000
CY2017Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-43000
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-41000
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-style: italic;">Use of Estimates</div></div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 20pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from these estimates.</div></div></div></div></div></div></div>
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14644000
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11423000

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