$NXRT
NexPoint Residential Trust Inc

2018 Q2 Form 10-Q Financial Statement

#000156459018018124 Filed on July 31, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $35.66M $35.23M
YoY Change 1.19% 4.69%
Cost Of Revenue $2.930M $2.910M
YoY Change 0.69% 10.23%
Gross Profit $32.73M $32.33M
YoY Change 1.24% 4.26%
Gross Profit Margin 91.8% 91.76%
Selling, General & Admin $16.45M $18.22M
YoY Change -9.71% 12.19%
% of Gross Profit 50.26% 56.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.80M $9.700M
YoY Change 11.34% 21.25%
% of Gross Profit 33.0% 30.0%
Operating Expenses $27.49M $30.43M
YoY Change -9.66% 25.12%
Operating Profit $5.240M $1.900M
YoY Change 175.79% -71.61%
Interest Expense -$6.820M $7.063M
YoY Change -196.56% 25.39%
% of Operating Profit -130.15% 371.74%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.670M $9.930M
YoY Change -116.82% -40.18%
Income Tax
% Of Pretax Income
Net Earnings -$1.661M $7.406M
YoY Change -122.43% -49.24%
Net Earnings / Revenue -4.66% 21.02%
Basic Earnings Per Share -$0.08 $0.35
Diluted Earnings Per Share -$0.08 $0.34
COMMON SHARES
Basic Shares Outstanding 20.78M 21.04M
Diluted Shares Outstanding 21.30M 21.47M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.30M $26.30M
YoY Change -30.42% -8.04%
Cash & Equivalents $39.22M $26.30M
Short-Term Investments
Other Short-Term Assets $3.500M $3.100M
YoY Change 12.9% 0.0%
Inventory
Prepaid Expenses
Receivables $3.800M $2.200M
Other Receivables $0.00 $0.00
Total Short-Term Assets $25.60M $31.60M
YoY Change -18.99% -5.67%
LONG-TERM ASSETS
Property, Plant & Equipment $966.2M $1.026B
YoY Change -5.8% 20.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.90M $29.40M
YoY Change -28.91% -14.04%
Total Long-Term Assets $1.014B $1.067B
YoY Change -4.97% 20.72%
TOTAL ASSETS
Total Short-Term Assets $25.60M $31.60M
Total Long-Term Assets $1.014B $1.067B
Total Assets $1.040B $1.099B
YoY Change -5.37% 19.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.900M $5.000M
YoY Change -2.0% 31.58%
Accrued Expenses $2.300M $600.0K
YoY Change 283.33% -40.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.60M $14.20M
YoY Change 9.86% 31.48%
LONG-TERM LIABILITIES
Long-Term Debt $778.3M $884.2M
YoY Change -11.98% 35.55%
Other Long-Term Liabilities $3.700M $5.000M
YoY Change -26.0% 92.31%
Total Long-Term Liabilities $782.0M $889.2M
YoY Change -12.06% 35.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.60M $14.20M
Total Long-Term Liabilities $782.0M $889.2M
Total Liabilities $797.5M $903.3M
YoY Change -11.71% 30.88%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $0.00
Shareholders Equity $239.9M $195.2M
YoY Change
Total Liabilities & Shareholders Equity $1.040B $1.099B
YoY Change -5.37% 19.75%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$1.661M $7.406M
YoY Change -122.43% -49.24%
Depreciation, Depletion And Amortization $10.80M $9.700M
YoY Change 11.34% 21.25%
Cash From Operating Activities $14.20M $6.660M
YoY Change 113.21% -46.33%
INVESTING ACTIVITIES
Capital Expenditures -$8.270M -$120.2M
YoY Change -93.12% 1879.74%
Acquisitions
YoY Change
Other Investing Activities $0.00 $82.74M
YoY Change -100.0% 30.88%
Cash From Investing Activities -$8.270M -$37.44M
YoY Change -77.91% -165.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.100M 32.73M
YoY Change -96.64% -152.97%
NET CHANGE
Cash From Operating Activities 14.20M 6.660M
Cash From Investing Activities -8.270M -37.44M
Cash From Financing Activities 1.100M 32.73M
Net Change In Cash 7.030M 1.950M
YoY Change 260.51% -74.94%
FREE CASH FLOW
Cash From Operating Activities $14.20M $6.660M
Capital Expenditures -$8.270M -$120.2M
Free Cash Flow $22.47M $126.8M
YoY Change -82.28% 586.31%

Facts In Submission

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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2658000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2694000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2755000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
24167000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
717102000
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
785693000
CY2018Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
26838000
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
16484000
nxrt Other Comprehensive Income Loss Reclassification Adjustments From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentsFromAOCIOnDerivativesNetOfTax
-90000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
382941
CY2016Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000
CY2016Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P2Y
CY2016Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
382941
CY2018Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
737458
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
16694000
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
25.26
CY2018Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
22.64
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
40000000
CY2018Q2 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2020-06-15
CY2018Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P2Y
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
nxrt Conversion Ratio Of Operating Partnership Unit To Common Stock
ConversionRatioOfOperatingPartnershipUnitToCommonStock
1.00
CY2018Q2 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
-5000
nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
25000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1661000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7406000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8403000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3790000
CY2018Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
515000
CY2017Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
429000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
479000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
339000
CY2017Q3 nxrt Common Units Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders Per Share
CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare
27.31
CY2017Q2 nxrt Amount Used For Calculation Of Op Units Of Net Asset Value
AmountUsedForCalculationOfOPUnitsOfNetAssetValue
2000000
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
25000
nxrt Temporary Equity Other Comprehensive Income Attributable To Redeemable Noncontrolling Interests In Operating Partnership
TemporaryEquityOtherComprehensiveIncomeAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership
32000
nxrt Distributions To Redeemable Noncontrolling Interests On Operating Partnership
DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership
131000

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