$NXRT
NexPoint Residential Trust Inc

2021 Q2 Form 10-Q Financial Statement

#000156459021039523 Filed on July 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $52.56M $50.68M
YoY Change 3.71% 17.68%
Cost Of Revenue $3.416M $3.400M
YoY Change 0.47% 7.59%
Gross Profit $49.15M $47.28M
YoY Change 3.95% 18.5%
Gross Profit Margin 93.5% 93.29%
Selling, General & Admin $24.84M $24.21M
YoY Change 2.61% 19.67%
% of Gross Profit 50.55% 51.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.70M $20.00M
YoY Change -1.5% 69.49%
% of Gross Profit 40.08% 42.3%
Operating Expenses $44.83M $45.62M
YoY Change -1.74% 37.0%
Operating Profit $4.742M $1.675M
YoY Change 183.1% -74.63%
Interest Expense $10.68M $10.99M
YoY Change -2.82% 27.97%
% of Operating Profit 225.28% 656.3%
Other Income/Expense, Net $472.0K $1.080M
YoY Change -56.3%
Pretax Income -$3.418M -$9.320M
YoY Change -63.33% 368.34%
Income Tax
% Of Pretax Income
Net Earnings -$3.408M -$9.290M
YoY Change -63.32% 368.96%
Net Earnings / Revenue -6.48% -18.33%
Basic Earnings Per Share -$0.14 -$0.38
Diluted Earnings Per Share -$0.14 -$0.38
COMMON SHARES
Basic Shares Outstanding 25.14M 24.31M
Diluted Shares Outstanding 25.14M 24.31M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.49M $53.20M
YoY Change -50.21% 214.79%
Cash & Equivalents $60.23M $53.17M
Short-Term Investments
Other Short-Term Assets $6.675M $10.70M
YoY Change -37.62% 181.58%
Inventory
Prepaid Expenses
Receivables $8.798M $5.000M
Other Receivables $0.00 $0.00
Total Short-Term Assets $41.96M $68.90M
YoY Change -39.1% 194.44%
LONG-TERM ASSETS
Property, Plant & Equipment $1.861B $1.716B
YoY Change 8.45% 39.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.74M $31.80M
YoY Change 6.09% 40.09%
Total Long-Term Assets $1.895B $1.748B
YoY Change 8.4% 39.46%
TOTAL ASSETS
Total Short-Term Assets $41.96M $68.90M
Total Long-Term Assets $1.895B $1.748B
Total Assets $1.937B $1.817B
YoY Change 6.6% 42.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.709M $15.10M
YoY Change -35.7% 125.37%
Accrued Expenses $1.723M $2.200M
YoY Change -21.68% -29.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.31M $30.50M
YoY Change -13.75% 52.5%
LONG-TERM LIABILITIES
Long-Term Debt $1.478B $1.370B
YoY Change 7.89% 40.05%
Other Long-Term Liabilities $21.42M $59.50M
YoY Change -63.99% 1252.27%
Total Long-Term Liabilities $1.499B $1.429B
YoY Change 4.9% 45.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.31M $30.50M
Total Long-Term Liabilities $1.499B $1.429B
Total Liabilities $1.530B $1.460B
YoY Change 4.78% 45.18%
SHAREHOLDERS EQUITY
Retained Earnings $66.86M
YoY Change
Common Stock $343.5M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $0.00 $0.00
Shareholders Equity $407.3M $354.4M
YoY Change
Total Liabilities & Shareholders Equity $1.937B $1.817B
YoY Change 6.6% 42.29%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$3.408M -$9.290M
YoY Change -63.32% 368.96%
Depreciation, Depletion And Amortization $19.70M $20.00M
YoY Change -1.5% 69.49%
Cash From Operating Activities $17.21M $14.51M
YoY Change 18.61% -27.09%
INVESTING ACTIVITIES
Capital Expenditures -$132.7M -$9.590M
YoY Change 1283.31% -51.05%
Acquisitions
YoY Change
Other Investing Activities $485.0K -$4.080M
YoY Change -111.89% 308.0%
Cash From Investing Activities -$132.2M -$13.67M
YoY Change 866.89% -33.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 122.6M -21.41M
YoY Change -672.47% -1181.31%
NET CHANGE
Cash From Operating Activities 17.21M 14.51M
Cash From Investing Activities -132.2M -13.67M
Cash From Financing Activities 122.6M -21.41M
Net Change In Cash 7.602M -20.57M
YoY Change -136.96% -1694.57%
FREE CASH FLOW
Cash From Operating Activities $17.21M $14.51M
Capital Expenditures -$132.7M -$9.590M
Free Cash Flow $149.9M $24.10M
YoY Change 521.86% -38.97%

Facts In Submission

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50.00
CY2021Q2 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
-10000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9290000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10287000
CY2020Q2 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
-28000
CY2020Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
503000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
596000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
483000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25140000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24307000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25104000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25330000
CY2017Q2 nxrt Amount Used For Calculation Of Op Units Of Net Asset Value
AmountUsedForCalculationOfOPUnitsOfNetAssetValue
2000000.0
CY2017Q3 nxrt Common Units Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders Per Share
CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare
27.31
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-31000
nxrt Temporary Equity Other Comprehensive Income Attributable To Redeemable Noncontrolling Interests In Operating Partnership
TemporaryEquityOtherComprehensiveIncomeAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership
80000
nxrt Contributions From Redeemable Noncontrolling Interests On Operating Partnership
ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership
6000
nxrt Distributions To Redeemable Noncontrolling Interests On Operating Partnership
DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership
52000
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
925000
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
4026000

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