2010 Q4 Form 10-K Financial Statement

#000104746912002612 Filed on March 14, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 2009
Revenue $10.44M $40.98M $39.35M
YoY Change 7.63% 4.15% 11.0%
Cost Of Revenue $780.0K $2.070M $1.220M
YoY Change 310.53% 69.67% 248.57%
Gross Profit $9.660M $35.56M $38.13M
YoY Change 1.58% -6.74% 8.63%
Gross Profit Margin 92.53% 86.77% 96.9%
Selling, General & Admin $1.610M $6.460M $6.240M
YoY Change -3.01% 3.53% -8.5%
% of Gross Profit 16.67% 18.17% 16.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.160M $8.659M $9.066M
YoY Change -0.92% -4.49% 0.29%
% of Gross Profit 22.36% 24.35% 23.78%
Operating Expenses $3.950M $17.53M $15.78M
YoY Change 5.05% 11.11% 8.34%
Operating Profit $5.710M $20.10M $23.58M
YoY Change -0.7% -14.73% 14.78%
Interest Expense -$4.020M $13.49M $13.39M
YoY Change 21.82% 0.8% -198.64%
% of Operating Profit -70.4% 67.12% 56.78%
Other Income/Expense, Net $40.00K $310.0K $360.0K
YoY Change -42.86% -13.89% -32.08%
Pretax Income $1.460M $7.440M $11.33M
YoY Change -57.18% -34.33% 17.65%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $1.640M $9.306M $19.64M
YoY Change -82.0% -52.62% 301.66%
Net Earnings / Revenue 15.71% 22.71% 49.91%
Basic Earnings Per Share $0.81 $1.84
Diluted Earnings Per Share $141.0K $0.81 $1.82
COMMON SHARES
Basic Shares Outstanding 11.47M shares 10.65M shares
Diluted Shares Outstanding 11.51M shares 10.81M shares

Balance Sheet

Concept 2010 Q4 2010 2009
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.700M $7.700M $28.00M
YoY Change -72.5% -72.5% 156.88%
Cash & Equivalents $7.732M $7.700M $28.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $11.10M $11.10M $10.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.80M $18.80M $38.60M
YoY Change -51.3% -51.3% 88.29%
LONG-TERM ASSETS
Property, Plant & Equipment $391.8M $391.8M $341.9M
YoY Change 14.58% 14.59% -3.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.500M $5.500M $12.80M
YoY Change -57.03% -57.03% 103.17%
Other Assets $6.900M $17.60M $8.300M
YoY Change 60.47% 112.05% -79.81%
Total Long-Term Assets $425.8M $425.8M $370.1M
YoY Change 15.06% 15.05% -9.42%
TOTAL ASSETS
Total Short-Term Assets $18.80M $18.80M $38.60M
Total Long-Term Assets $425.8M $425.8M $370.1M
Total Assets $444.6M $444.6M $408.7M
YoY Change 8.79% 8.78% -4.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.100M $5.100M $3.800M
YoY Change 34.21% 34.21% -25.49%
Deferred Revenue
YoY Change
Short-Term Debt $36.20M $36.20M $27.00M
YoY Change 34.07% 34.07% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.10M $45.10M $33.30M
YoY Change 35.44% 35.44% -2.92%
LONG-TERM LIABILITIES
Long-Term Debt $215.3M $215.3M $190.5M
YoY Change 13.02% 13.02% -15.52%
Other Long-Term Liabilities $5.000M $5.000M $4.800M
YoY Change 4.17% 4.17% -7.69%
Total Long-Term Liabilities $220.3M $220.3M $195.3M
YoY Change 12.8% 12.8% -15.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.10M $45.10M $33.30M
Total Long-Term Liabilities $220.3M $220.3M $195.3M
Total Liabilities $265.4M $265.4M $228.6M
YoY Change 16.12% 16.1% -13.77%
SHAREHOLDERS EQUITY
Retained Earnings $20.97M
YoY Change
Common Stock $158.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $179.2M $179.2M $180.1M
YoY Change
Total Liabilities & Shareholders Equity $444.6M $444.6M $408.7M
YoY Change 8.79% 8.78% -4.75%

Cashflow Statement

Concept 2010 Q4 2010 2009
OPERATING ACTIVITIES
Net Income $1.640M $9.306M $19.64M
YoY Change -82.0% -52.62% 301.66%
Depreciation, Depletion And Amortization $2.160M $8.659M $9.066M
YoY Change -0.92% -4.49% 0.29%
Cash From Operating Activities $5.950M $18.94M $21.69M
YoY Change 25.53% -12.69% 11.58%
INVESTING ACTIVITIES
Capital Expenditures -$14.79M -$38.75M -$580.0K
YoY Change 16333.33% 6581.03% -99.03%
Acquisitions
YoY Change
Other Investing Activities -$240.0K $9.300M $17.91M
YoY Change -100.97% -48.07% 292.76%
Cash From Investing Activities -$15.02M -$29.45M $17.33M
YoY Change -160.83% -269.95% -131.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.416M
YoY Change 81.54%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.010M -$9.794M -$21.93M
YoY Change -174.9% -55.34% -203.31%
NET CHANGE
Cash From Operating Activities 5.950M $18.94M $21.69M
Cash From Investing Activities -15.02M -$29.45M $17.33M
Cash From Financing Activities 9.010M -$9.794M -$21.93M
Net Change In Cash -60.00K -$20.30M $17.09M
YoY Change -100.34% -218.81% -215.62%
FREE CASH FLOW
Cash From Operating Activities $5.950M $18.94M $21.69M
Capital Expenditures -$14.79M -$38.75M -$580.0K
Free Cash Flow $20.74M $57.69M $22.27M
YoY Change 329.4% 159.02% -71.97%

Facts In Submission

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-21932000 USD
CY2009 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
148000 USD
CY2009 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1416000 USD
CY2009 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2939000 USD
CY2009 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
208000 USD
CY2009 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
2559000 USD
CY2009 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
14088000 USD
CY2009 olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
5692000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
17329000 USD
CY2009 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23000 USD
CY2009 us-gaap Allowance For Loan And Lease Losses Provision For Loss Net
AllowanceForLoanAndLeaseLossesProvisionForLossNet
-619000 USD
CY2009 us-gaap Increase Decrease In Deferred Rent Receivables
IncreaseDecreaseInDeferredRentReceivables
1336000 USD
CY2009 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
7000 USD
CY2009 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
24014000 USD
CY2009 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
576000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21692000 USD
CY2009 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-682000 USD
CY2009 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
976000 USD
CY2009 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9066000 USD
CY2009 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
507000 USD
CY2009 olp Retirement Of Common Stock
RetirementOfCommonStock
51000 USD
CY2009 olp Amortization Of Restricted Stock Expense
AmortizationOfRestrictedStockExpense
853000 USD
CY2011 us-gaap Nature Of Operations
NatureOfOperations
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 1&#8212;ORGANIZATION AND BACKGROUND </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;One Liberty Properties,&#160;Inc. ("OLP") was incorporated in 1982 in Maryland. OLP is a self-administered and self-managed real estate investment trust ("REIT"). OLP acquires, owns and manages a geographically diversified portfolio of retail (including furniture and office supply stores), industrial, office, flex, health and fitness and other properties, a substantial portion of which are under long-term net leases. As of December&#160;31, 2011, OLP owned 89 properties, one of which is owned by a consolidated joint venture and one of which is a 50% tenancy in common interest. OLP's unconsolidated joint ventures owned a total of five properties. The 94 properties are located in 29 states. </font></p></td></tr></table>
CY2011 dei Entity Registrant Name
EntityRegistrantName
ONE LIBERTY PROPERTIES INC
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0000712770
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No

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a2208041z10-k.htm Edgar Link pending
a2208041zex-21_1.htm Edgar Link pending
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