American Realty Investors, Inc.

ARL

ARLAmerican Realty Investors, Inc. US flag

New York Stock Exchange

14.66

USD

-0.62

- -

236.79MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	80	82	81	79	104	120	126	150	59	59	42	38	50	47	50
+ Sales & Services Revenue	80	82	81	79	104	120	126	150	59	59	42	38	50	47	50
- Cost of Revenue	44	40	39	42	54	63	64	60	26	24	21	18	28	27	28
+ Cost of Goods & Services	44	40	39	42	54	63	64	60	26	24	21	18	28	27	28
Gross Profit	36	42	41	37	50	57	62	90	33	35	21	19	23	20	22
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	40	31	38	40	39	42	45	47	34	35	42	28	34	27	29
+ Selling, General & Admin	26	16	18	19	17	18	19	25	20	20	30	19	20	15	16
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	14	15	20	21	22	24	26	23	13	15	12	10	14	12	13
Operating Income (Loss)	-4	11	3	-3	12	15	17	43	- -	- -	-21	-9	-11	-7	-6
- Non-Operating (Income) Loss	40	17	55	15	15	17	26	-141	21	-11	-26	-583	-18	10	-28
+ Interest Expense, Net	32	24	20	21	36	39	47	44	14	12	6	-9	-17	-12	-8
+ Interest Expense	43	38	39	41	52	59	66	66	40	35	23	18	10	8	7
- Interest Income	11	15	19	20	17	20	19	22	26	23	18	27	27	20	15
+ Other Non-Op (Income) Loss	8	-7	35	-6	-21	-22	-21	-185	7	-23	-32	-574	-1	23	-20
Pretax Income	-44	-6	-51	-18	-4	-2	-9	184	-22	11	5	573	7	-17	21
- Income Tax Expense (Benefit)	-13	- -	-41	-20	1	- -	- -	1	- -	- -	-1	98	1	-4	3
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-31	-6	-11	2	-4	-2	-9	183	-22	11	6	475	5	-13	19
- Net Extraordinary Losses (Gains)	-38	-2	-42	-19	-4	1	-1	18	-12	4	6	204	3	3	6
+ Discontinued Operations	24	- -	63	38	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-63	-2	-104	-57	-4	1	-1	18	-12	4	6	204	3	3	6
Income (Loss) Incl. MI	7	-4	31	22	-1	-3	-8	165	-10	7	- -	271	3	-16	13
- Minority Interest	7	1	-10	-9	1	- -	- -	-9	6	-2	-3	-102	-1	-1	-3
Net Income, GAAP	- -	-6	41	31	-2	-3	-8	174	-16	9	3	373	4	-15	16
- Preferred Dividends	2	2	2	2	1	1	1	1	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-2	-8	39	29	-3	-4	-10	173	-16	9	3	373	4	-15	16
EBIT	-4	11	3	-3	12	15	17	43	- -	- -	-21	-9	-11	-7	-6
EBITDA	20	33	25	15	33	38	43	74	15	18	-6	4	3	6	6
EBITDA Margin (%)	25.31	40.49	30.74	19.07	31.7	32.11	34.15	49.04	25.76	31.29	-13.29	10.24	6.6	12.45	12.41
EBITA	-4	11	3	-3	12	15	17	43	- -	- -	-21	-9	-11	-7	-6
Gross Margin (%)	45.1	51.13	51.31	46.96	48.17	47.39	49.22	60.26	56.44	58.73	50.38	51.15	44.76	42.81	44.25
Operating Margin (%)	-4.98	12.92	4.09	-4.03	11.14	12.23	13.81	28.6	-0.66	-0.19	-49.04	-24.68	-22.26	-14.03	-12.85
Profit Margin (%)	0.36	-6.82	51.12	38.89	-1.88	-2.28	-6.68	115.84	-27.05	15.3	7.96	994.43	7.86	-31.07	31.4
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.21	0.21	0.21	0.16	0.08	0.07	0.07	0.06	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	24	23	22	18	21	24	26	31	16	19	15	13	15	13	13
Basic Weighted Avg Shares	12	12	12	13	15	16	16	16	16	16	16	16	16	16	16
Basic EPS, GAAP	-0.19	-0.7	3.37	2.27	-0.21	-0.25	-0.61	10.81	-1	0.56	0.21	23.11	0.25	-0.91	0.97
Basic EPS from Cont Ops	-2.7	-0.56	-0.94	0.18	-0.28	-0.16	-0.57	11.43	-1.36	0.7	0.4	29.43	0.33	-0.83	1.15
Diluted Weighted Avg Shares	12	12	12	13	15	16	16	17	16	16	16	16	16	16	16
Diluted EPS, GAAP	-0.19	-0.7	3.37	2.27	-0.21	-0.25	-0.61	10.35	-1	0.56	0.21	23.11	0.25	-0.91	0.97
Diluted EPS from Cont Ops	-2.7	-0.56	-0.94	0.18	-0.28	-0.16	-0.57	10.94	-1.36	0.7	0.4	29.43	0.33	-0.83	1.15

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	122	151	200	217	209	207	239	303	312	347	326	595	412	358	352
+ Cash, Cash Equivalents & STI	20	13	16	12	15	18	34	36	51	37	67	233	127	100	89
+ Cash & Cash Equivalents	20	13	16	12	15	18	34	36	51	37	51	113	37	20	14
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16	120	90	80	75
+ Accounts & Notes Receiv	102	103	151	156	148	151	150	196	229	260	237	252	243	238	247
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	38	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	115	125	156	153	137	144	128	140	143	131	137	140	144	138	142
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	-13	-22	-6	3	11	8	-16	56	86	129	101	113	99	99	105
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	35	33	49	46	38	55	70	32	50	22	109	42	21	15
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1,114	984	743	748	908	968	1,058	523	518	519	445	603	611	675	745
+ Property, Plant & Equip, Net	1,027	930	700	700	854	901	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	1,185	1,091	844	829	1,004	1,067	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	158	161	143	129	150	166	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	11	8	4	4	8	6	6	76	68	60	62	28	10	10	1
+ LT Investments	11	8	4	4	8	6	6	76	68	60	62	28	10	10	1
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	76	45	39	44	46	61	1,051	447	451	458	383	575	601	665	744
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	76	45	39	44	46	61	1,051	447	451	458	383	575	601	665	744
Total Assets	1,235	1,135	943	965	1,117	1,175	1,297	826	831	866	771	1,197	1,023	1,033	1,097
+ Payables & Accruals	121	107	73	52	44	56	43	30	36	35	51	58	14	35	53
+ Accounts Payable	110	96	73	52	44	56	39	26	29	27	45	53	12	32	50
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	10	11	- -	- -	- -	- -	4	5	7	8	7	5	3	3	4
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	250	243	183	188	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	250	243	183	188	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	-250	-243	-183	-188	- -	- -	- -
+ Deferred Revenue	79	73	76	74	91	91	77	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-79	-73	-76	-74	-91	-91	-77	- -	-250	-243	-183	-188	- -	- -	- -
Total Current Liabilities	121	107	73	52	44	56	43	30	36	35	51	58	14	35	53
+ LT Debt	941	870	659	659	805	851	1,011	441	473	481	373	317	183	185	214
+ LT Borrowings	941	870	659	659	805	851	1,011	441	473	481	373	317	183	185	214
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	79	73	76	74	91	91	77	34	25	20	10	10	10	10	10
+ Accrued Liabilities	79	73	76	74	91	91	77	34	25	20	10	10	10	10	10
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	1,020	943	735	733	896	942	1,088	475	498	500	383	327	192	195	224
Total Liabilities	1,140	1,050	808	786	940	999	1,131	505	534	535	434	385	207	231	278
+ Preferred Equity and Hybrid Capital	5	5	5	3	2	2	2	- -	4	2	2	2	2	2	2
+ Share Capital & APIC	106	106	103	109	110	112	110	85	79	62	62	62	62	61	61
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	105	106	103	108	110	112	110	85	78	62	62	62	62	61	61
- Treasury Stock	6	6	6	6	6	6	6	6	6	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-47	-53	-12	19	17	14	6	180	164	173	176	549	553	539	554
+ Other Equity	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	56	50	90	124	123	122	112	258	239	237	240	613	617	602	617
+ Minority/Non Controlling Interest	40	35	45	55	54	54	54	63	57	94	97	199	200	200	202
Total Equity	95	85	135	180	177	176	166	321	297	330	337	812	817	802	820
Total Liabilities & Equity	1,235	1,135	943	965	1,117	1,175	1,297	826	831	866	771	1,197	1,023	1,033	1,097
Shares Outstanding	12	12	12	14	16	16	16	16	16	16	16	16	16	16	16
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	921	856	643	647	790	834	977	404	672	686	505	392	146	165	200
Net Debt to Equity	966.39	1,006.37	476.49	360.14	446.34	473.27	588.8	125.87	226.55	207.77	150.06	48.24	17.87	20.63	24.42
Tangible Common Equity Ratio	7.31	7.06	13.78	18.28	15.63	14.8	12.62	38.87	35.26	37.96	43.48	67.67	79.6	77.5	74.54
Current Ratio	1.01	1.41	2.73	4.14	4.72	3.68	5.56	9.94	8.62	9.93	6.38	10.2	28.43	10.13	6.58
Cash Conversion Cycle	-825.39	-942.71	-787.15	-544.64	-327.22	-291.9	-217.05	-152.29	-387.74	-421.89	-628.31	-971.44	-425.02	-296.52	-534.93

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-7	-7	52	40	-3	-2	-9	183	-22	11	6	475	5	-13	19
+ Depreciation & Amortization	24	23	22	18	21	24	26	31	16	19	15	13	15	13	13
+ Non-Cash Items	6	-8	-115	-96	-53	-14	-12	-185	-34	-26	-33	-534	-51	2	-20
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	50	5	19	- -	5	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-44	-12	-134	-96	-58	-14	-13	-185	-34	-26	-33	-534	-51	2	-20
+ Chg in Non-Cash Work Cap	- -	-35	- -	- -	- -	3	-35	-200	- -	- -	- -	- -	- -	- -	-17
+ (Inc) Dec in Accts Receiv	-1	-6	-9	9	-3	1	-14	-12	-46	- -	18	-8	-11	-1	-6
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	4	- -	-2	-2	-15	-9	-15	19	12	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	-8	-30	-7	-11	3	5	-84	-7	-2	-7	38	-31	-14	-1
+ Inc (Dec) in Other	-3	-21	41	- -	30	8	-10	-123	41	3	-11	-30	42	15	-10
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	24	-27	-42	-38	-35	10	-30	-172	-41	3	-12	-45	-31	1	-6
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	358	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	358	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-47	-17	-9	-96	-239	-112	-115	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-47	-17	-9	-96	-239	-112	-115	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	7	2	- -	- -	- -	- -	- -	- -	- -	-1	-1	-1
+ Increase in Capital Stock	- -	- -	- -	7	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	-1
+ Net Change in LT Investment	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	-16	-102	29	11	5
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	175	120	70	89
+ Inc in LT Investment	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	-16	-278	-91	-59	-85
+ Net Cash From Acq & Div	1	2	6	-1	4	5	- -	237	- -	- -	- -	- -	- -	- -	-1
+ Cash from Divestitures	2	4	6	- -	4	5	- -	237	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-2	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-308	88	256	136	105	46	25	-89	-4	4	117	410	-3	-52	-37
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	4	74	252	38	-130	-61	-90	148	-4	4	101	307	27	-41	-33
+ Dividends Paid	-2	-2	-2	-2	-1	-1	-1	-1	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-16	-47	-206	-3	190	46	164	58	29	-3	-99	-111	-138	3	29
+ Cash From Debt	159	143	203	183	412	242	250	183	104	31	20	- -	- -	15	64
+ Repayments of Debt	-175	-191	-409	-186	-222	-196	-86	-125	-75	-33	-119	-111	-138	-12	-35
+ Other Financing Activities	-2	-4	2	-7	-23	1	-10	-14	-8	-1	-5	-1	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-20	-54	-207	-5	168	46	153	43	21	-4	-104	-112	-139	2	28
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	8	-7	3	-4	3	-5	33	18	-23	4	-14	150	-143	-39	-11
EBITDA	20	33	25	15	33	38	43	74	15	18	-6	4	3	6	6
EBITDA Margin (%)	25.31	40.49	30.74	19.07	31.7	32.11	34.15	49.04	25.76	31.29	-13.29	10.24	6.6	12.45	12.41
Free Cash Flow	-24	-44	-51	-134	-274	-102	-145	-172	-41	3	-12	-45	-31	1	-6
Net Cash Paid for Acquisitions	-1	-2	-6	1	-4	-5	- -	-237	- -	- -	- -	- -	- -	- -	1
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	-107	- -	- -	- -	-31	-24	- -	- -
Free Cash Flow to Equity	316	-93	-260	-140	-86	-57	18	-117	-8	-1	-110	-156	-169	4	23
Free Cash Flow per Basic Share	-2.06	-3.79	-4.47	-10.54	-18.11	-6.58	-9.37	-10.78	-2.54	0.22	-0.71	-2.81	-1.92	0.07	-0.34
Price/Free Cash Flow	0.3	-3.13	-1.84	1.2	0.41	0.66	2.34	-1.17	-6.74	50	-17.73	-9.13	-9.06	217.73	-46.71
Cash Flow to Net Income	81.22	4.81	-1.02	-1.23	17.61	-3.71	3.57	-0.99	2.55	0.39	-3.44	-0.12	-7.83	-0.07	-0.35
Capital Expenditures	-47	-17	-9	-96	-239	-112	-115	- -	- -	- -	- -	- -	- -	- -	- -