$NXRT
NexPoint Residential Trust, Inc.

2021 Q1 Form 10-Q Financial Statement

#000095017021000055 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $51.80M $50.55M $52.58M
YoY Change -1.49% 1.75% 26.73%
Cost Of Revenue $3.350M $3.360M $3.420M
YoY Change -2.05% 0.6% 10.68%
Gross Profit $48.44M $47.19M $49.17M
YoY Change -1.48% 1.83% 28.05%
Gross Profit Margin 93.52% 93.36% 93.51%
Selling, General & Admin $24.44M $22.74M $24.28M
YoY Change 0.66% 0.66% 25.87%
% of Gross Profit 50.45% 48.19% 49.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.90M $19.93M $18.50M
YoY Change 7.57% -14.83% 40.15%
% of Gross Profit 41.08% 42.23% 37.62%
Operating Expenses $45.20M $42.67M $47.61M
YoY Change -5.06% -7.2% 37.24%
Operating Profit $3.248M $4.520M $40.52M
YoY Change -91.98% 1155.56% 990.82%
Interest Expense $10.62M -$11.05M $11.66M
YoY Change -8.97% 2.79% 44.19%
% of Operating Profit 326.85% -244.47% 28.78%
Other Income/Expense, Net $470.0K $370.0K
YoY Change -37.29%
Pretax Income -$6.900M -$4.210M $28.04M
YoY Change -124.61% -68.37% -741.65%
Income Tax
% Of Pretax Income
Net Earnings -$6.879M -$4.199M $27.96M
YoY Change -124.61% -68.35% -741.17%
Net Earnings / Revenue -13.28% -8.31% 53.16%
Basic Earnings Per Share -$0.27 -$0.17 $1.10
Diluted Earnings Per Share -$0.27 -$0.17 $1.08
COMMON SHARES
Basic Shares Outstanding 25.07M 25.39M
Diluted Shares Outstanding 25.07M 25.85M

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.70M $24.50M $69.50M
YoY Change -67.34% -4.67% 239.02%
Cash & Equivalents $22.71M $24.46M $69.54M
Short-Term Investments
Other Short-Term Assets $1.600M $2.400M $3.700M
YoY Change -56.76% 4.35% -2.63%
Inventory
Prepaid Expenses
Receivables $7.800M $9.000M $3.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $32.10M $35.90M $76.30M
YoY Change -57.93% 4.66% 175.45%
LONG-TERM ASSETS
Property, Plant & Equipment $1.748B $1.761B $1.727B
YoY Change 1.26% -1.18% 42.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.90M $32.60M $36.00M
YoY Change -16.94% -28.35% 103.39%
Total Long-Term Assets $1.778B $1.793B $1.763B
YoY Change 0.88% -2.1% 41.94%
TOTAL ASSETS
Total Short-Term Assets $32.10M $35.90M $76.30M
Total Long-Term Assets $1.778B $1.793B $1.763B
Total Assets $1.810B $1.829B $1.839B
YoY Change -1.56% -1.97% 44.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.00M $10.10M $13.10M
YoY Change -16.03% -15.83% 125.86%
Accrued Expenses $2.200M $2.300M $3.300M
YoY Change -33.33% -37.84% 3.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K
YoY Change
Total Short-Term Liabilities $21.80M $25.20M $23.50M
YoY Change -7.23% -9.68% 62.07%
LONG-TERM LIABILITIES
Long-Term Debt $1.345B $1.345B $1.369B
YoY Change -1.8% -4.12% 41.42%
Other Long-Term Liabilities $16.70M $47.90M $51.40M
YoY Change -67.51% 770.91% 1327.78%
Total Long-Term Liabilities $1.362B $1.393B $1.421B
YoY Change -4.17% -1.09% 46.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.80M $25.20M $23.50M
Total Long-Term Liabilities $1.362B $1.393B $1.421B
Total Liabilities $1.383B $1.418B $1.444B
YoY Change -4.23% -1.27% 46.02%
SHAREHOLDERS EQUITY
Retained Earnings $59.45M $75.32M $84.35M
YoY Change -29.51% 18.1%
Common Stock $377.1M $377.0M $379.2M
YoY Change -0.54% 4.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $0.00 $0.00 $864.7K
Shareholders Equity $423.5M $407.9M $392.2M
YoY Change
Total Liabilities & Shareholders Equity $1.810B $1.829B $1.839B
YoY Change -1.56% -1.97% 44.85%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income -$6.879M -$4.199M $27.96M
YoY Change -124.61% -68.35% -741.17%
Depreciation, Depletion And Amortization $19.90M $19.93M $18.50M
YoY Change 7.57% -14.83% 40.15%
Cash From Operating Activities $13.74M $10.71M $11.42M
YoY Change 20.37% -13.84% 208.59%
INVESTING ACTIVITIES
Capital Expenditures -$10.77M -$99.44M -$13.60M
YoY Change -20.81% -61.46% -89.68%
Acquisitions
YoY Change
Other Investing Activities $3.180M $11.55M $85.89M
YoY Change -96.3% 514.36%
Cash From Investing Activities -$7.587M -$87.90M $72.29M
YoY Change -110.5% -65.68% -154.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$176.0K -$62.28B
YoY Change -100.0% -162.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.54M 25.59M -49.31M
YoY Change -78.62% -89.9% -140.04%
NET CHANGE
Cash From Operating Activities 13.74M 10.71M 11.42M
Cash From Investing Activities -7.587M -87.90M 72.29M
Cash From Financing Activities -10.54M 25.59M -49.31M
Net Change In Cash -4.384M -51.60M 34.40M
YoY Change -112.74% -630.86% -809.84%
FREE CASH FLOW
Cash From Operating Activities $13.74M $10.71M $11.42M
Capital Expenditures -$10.77M -$99.44M -$13.60M
Free Cash Flow $24.51M $110.2M $25.02M
YoY Change -2.01% -59.27% -81.53%

Facts In Submission

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CY2021Q1 nxrt Number Of Wholly Owned Subsidiaries
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CY2021Q1 nxrt Number Of Properties Sold
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CY2020Q1 nxrt Number Of Properties Sold
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CY2021Q1 us-gaap Long Term Debt
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CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
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CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
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CY2021Q1 us-gaap Impairment Of Real Estate
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CY2020Q1 us-gaap Impairment Of Real Estate
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CY2021Q1 us-gaap Common Stock Shares Issued
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CY2021Q1 us-gaap Common Stock Shares Outstanding
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CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2016Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2016Q2 us-gaap Stock Repurchase Program Period In Force1
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CY2020Q1 us-gaap Treasury Stock Shares Acquired
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CY2021Q1 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
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us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q1 us-gaap Treasury Stock Shares
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CY2020 us-gaap Stock Issued During Period Shares New Issues
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CY2020Q1 us-gaap Sales Commissions And Fees
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CY2020Q1 nxrt Shares Issued Average Price Per Share
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CY2021Q1 nxrt Contributions From Redeemable Noncontrolling Interests On Operating Partnership
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CY2021Q1 nxrt Distributions To Redeemable Noncontrolling Interests On Operating Partnership
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CY2021Q1 us-gaap Minority Interest Change In Redemption Value
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CY2021Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2020 us-gaap Sales Commissions And Fees
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CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q1 nxrt Conversion Ratio Of Operating Partnership Unit To Common Stock
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CY2021Q1 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
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CY2020Q1 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
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CY2020Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
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CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q1 us-gaap Earnings Per Share Basic
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CY2020Q1 us-gaap Earnings Per Share Basic
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CY2021Q1 us-gaap Earnings Per Share Diluted
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CY2020Q1 us-gaap Earnings Per Share Diluted
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CY2017Q2 nxrt Amount Used For Calculation Of Op Units Of Net Asset Value
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CY2017Q3 nxrt Common Units Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders Per Share
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CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2021Q1 us-gaap Temporary Equity Net Income
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CY2021Q1 nxrt Temporary Equity Other Comprehensive Income Attributable To Redeemable Noncontrolling Interests In Operating Partnership
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94000

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