Acres Commercial Realty Corp
NYSE:ACR
Income Statement
Earnings Waterfall
Acres Commercial Realty Corp
Revenue
|
221.9m
USD
|
Cost of Revenue
|
-138.3m
USD
|
Gross Profit
|
83.7m
USD
|
Operating Expenses
|
-63m
USD
|
Operating Income
|
20.7m
USD
|
Other Expenses
|
-17.7m
USD
|
Net Income
|
3m
USD
|
Income Statement
Acres Commercial Realty Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
154
N/A
|
149
-3%
|
146
-2%
|
152
+4%
|
135
-11%
|
149
+11%
|
160
+7%
|
163
+2%
|
146
-11%
|
123
-16%
|
107
-13%
|
89
-16%
|
121
+35%
|
97
-20%
|
100
+3%
|
95
-5%
|
120
+26%
|
111
-7%
|
108
-3%
|
117
+9%
|
124
+5%
|
132
+7%
|
139
+5%
|
146
+5%
|
145
-1%
|
(41)
N/A
|
(52)
-27%
|
(66)
-28%
|
(78)
-18%
|
101
N/A
|
103
+2%
|
105
+2%
|
113
+7%
|
111
-1%
|
118
+7%
|
136
+15%
|
157
+16%
|
184
+17%
|
204
+11%
|
218
+7%
|
222
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(75)
|
(74)
|
(74)
|
(72)
|
(57)
|
(63)
|
(67)
|
(71)
|
(70)
|
(69)
|
(68)
|
(65)
|
(67)
|
(60)
|
(61)
|
(63)
|
(71)
|
(71)
|
(73)
|
(74)
|
(79)
|
(83)
|
(88)
|
(93)
|
(93)
|
(92)
|
(82)
|
(71)
|
(64)
|
(59)
|
(65)
|
(67)
|
(68)
|
(69)
|
(67)
|
(75)
|
(89)
|
(106)
|
(123)
|
(134)
|
(138)
|
|
Gross Profit |
78
N/A
|
75
-4%
|
72
-5%
|
80
+11%
|
78
-3%
|
86
+11%
|
94
+8%
|
92
-1%
|
76
-18%
|
54
-29%
|
39
-28%
|
25
-37%
|
54
+119%
|
36
-32%
|
39
+8%
|
32
-18%
|
49
+51%
|
40
-18%
|
35
-13%
|
43
+24%
|
45
+5%
|
49
+10%
|
51
+3%
|
53
+4%
|
52
-1%
|
(133)
N/A
|
(134)
-1%
|
(137)
-3%
|
(142)
-4%
|
42
N/A
|
39
-9%
|
38
0%
|
45
+17%
|
42
-7%
|
52
+24%
|
61
+17%
|
68
+12%
|
78
+15%
|
82
+4%
|
84
+3%
|
84
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(46)
|
(41)
|
(47)
|
(48)
|
(30)
|
(37)
|
(74)
|
(73)
|
(64)
|
(54)
|
(9)
|
(11)
|
(38)
|
(3)
|
(2)
|
7
|
(21)
|
(18)
|
(17)
|
(15)
|
(12)
|
(14)
|
(14)
|
(13)
|
(13)
|
(28)
|
(70)
|
(68)
|
(49)
|
(28)
|
22
|
15
|
(3)
|
(11)
|
(29)
|
(38)
|
(60)
|
(71)
|
(74)
|
(73)
|
(63)
|
|
Selling, General & Administrative |
(39)
|
(39)
|
(43)
|
(45)
|
(26)
|
(38)
|
(36)
|
(36)
|
(19)
|
(12)
|
(6)
|
(1)
|
(18)
|
6
|
6
|
6
|
(19)
|
(17)
|
(16)
|
(14)
|
(13)
|
(12)
|
(12)
|
(11)
|
(12)
|
(12)
|
(13)
|
(17)
|
(17)
|
(18)
|
(20)
|
(18)
|
(23)
|
(27)
|
(34)
|
(42)
|
(47)
|
(51)
|
(52)
|
(51)
|
(51)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Other Operating Expenses |
(3)
|
2
|
(0)
|
(1)
|
(2)
|
3
|
(35)
|
(35)
|
(41)
|
(37)
|
1
|
(6)
|
(18)
|
(8)
|
(8)
|
1
|
(2)
|
(1)
|
(1)
|
(1)
|
2
|
(1)
|
(1)
|
(0)
|
(1)
|
(16)
|
(58)
|
(51)
|
(32)
|
(10)
|
42
|
33
|
20
|
17
|
6
|
4
|
(13)
|
(20)
|
(22)
|
(22)
|
(12)
|
|
Operating Income |
32
N/A
|
35
+6%
|
25
-26%
|
32
+26%
|
48
+49%
|
49
+4%
|
20
-59%
|
19
-5%
|
12
-37%
|
1
-95%
|
30
+4 635%
|
14
-53%
|
16
+16%
|
34
+107%
|
38
+12%
|
39
+4%
|
28
-28%
|
22
-23%
|
18
-19%
|
28
+57%
|
33
+18%
|
35
+8%
|
37
+5%
|
40
+9%
|
40
-2%
|
(161)
N/A
|
(204)
-27%
|
(205)
-1%
|
(191)
+7%
|
14
N/A
|
61
+319%
|
53
-12%
|
42
-21%
|
31
-26%
|
23
-26%
|
22
-4%
|
8
-65%
|
7
-8%
|
7
+1%
|
11
+55%
|
21
+84%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(1)
|
12
|
13
|
10
|
10
|
5
|
3
|
2
|
1
|
3
|
4
|
8
|
5
|
2
|
43
|
39
|
39
|
39
|
(1)
|
0
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(5)
|
(5)
|
(3)
|
(2)
|
(1)
|
(1)
|
(26)
|
(27)
|
(27)
|
(27)
|
(12)
|
(11)
|
(10)
|
(10)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
(9)
|
(9)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
17
|
17
|
20
|
3
|
6
|
6
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
3
|
3
|
1
|
1
|
|
Total Other Income |
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
2
|
(1)
|
(2)
|
(7)
|
(7)
|
(8)
|
(5)
|
(1)
|
(2)
|
(1)
|
(3)
|
(7)
|
(7)
|
(10)
|
(8)
|
(4)
|
(3)
|
0
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
1
|
|
Pre-Tax Income |
45
N/A
|
49
+7%
|
55
+14%
|
45
-19%
|
58
+29%
|
60
+4%
|
23
-62%
|
22
-5%
|
12
-43%
|
1
-88%
|
33
+2 116%
|
(5)
N/A
|
(0)
+95%
|
14
N/A
|
15
+7%
|
70
+363%
|
54
-22%
|
43
-20%
|
40
-8%
|
19
-53%
|
27
+43%
|
35
+31%
|
35
-1%
|
39
+12%
|
36
-8%
|
(168)
N/A
|
(211)
-25%
|
(215)
-2%
|
(198)
+8%
|
12
N/A
|
59
+396%
|
46
-22%
|
34
-26%
|
23
-32%
|
15
-35%
|
26
+69%
|
11
-58%
|
11
-1%
|
11
+2%
|
13
+19%
|
22
+70%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
3
|
5
|
6
|
2
|
0
|
(3)
|
(2)
|
(1)
|
1
|
3
|
(8)
|
(11)
|
(12)
|
(12)
|
(7)
|
(7)
|
(5)
|
(5)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
46
|
51
|
60
|
51
|
60
|
60
|
20
|
20
|
11
|
2
|
36
|
(13)
|
(11)
|
2
|
3
|
62
|
48
|
38
|
35
|
18
|
27
|
36
|
35
|
40
|
36
|
(168)
|
(211)
|
(215)
|
(198)
|
12
|
59
|
46
|
34
|
23
|
15
|
25
|
10
|
11
|
11
|
13
|
22
|
|
Income to Minority Interest |
0
|
(0)
|
0
|
(1)
|
(1)
|
(4)
|
(6)
|
(6)
|
(7)
|
(4)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
|
Net Income (Common) |
39
N/A
|
43
+9%
|
51
+19%
|
36
-29%
|
44
+22%
|
38
-13%
|
(7)
N/A
|
(8)
-7%
|
(14)
-76%
|
(14)
+2%
|
16
N/A
|
(42)
N/A
|
(53)
-25%
|
(60)
-13%
|
(56)
+7%
|
8
N/A
|
6
-31%
|
(10)
N/A
|
(6)
+38%
|
(13)
-111%
|
7
N/A
|
25
+259%
|
25
+1%
|
29
+16%
|
26
-12%
|
(179)
N/A
|
(221)
-24%
|
(226)
-2%
|
(208)
+8%
|
2
N/A
|
48
+3 050%
|
32
-32%
|
18
-44%
|
5
-73%
|
(5)
N/A
|
6
N/A
|
(9)
N/A
|
(8)
+4%
|
(8)
+2%
|
(6)
+26%
|
3
N/A
|