ALEX · As filed with the SEC
Alexander & Baldwin income statement, by fiscal year
The statement as Alexander & Baldwin presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts; shares in thousands
| USD thousands, except per-share amounts; shares in thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Revenue: | ||||||||
| Commercial Real Estate | 202,861 | 197,365 | 194,000 | 187,200 | 173,200 | 150,000 | 160,600 | 140,300 |
| Land Operations | 3,812 | 39,276 | 14,900 | 43,300 | 79,900 | 40,600 | 114,100 | 289,500 |
| Grace | — | — | — | — | — | — | — | 214,600 |
| Materials & Construction | — | — | — | — | 126,200 | 114,700 | 160,500 | — |
| Total operating revenue | 206,673 | 236,641 | 208,900 | 230,500 | 379,300 | 305,300 | 435,200 | 644,400 |
| Operating Costs and Expenses: | ||||||||
| Commercial Real Estate | 106,030 | 102,535 | 101,000 | 98,700 | 96,000 | 95,600 | 89,000 | 77,200 |
| Land Operations | 4,536 | 26,460 | 5,600 | 34,200 | 39,200 | 31,100 | 92,500 | 117,100 |
| Grace | — | — | — | — | — | — | — | 188,100 |
| Materials & Construction | — | — | — | — | 118,900 | 106,800 | 159,400 | — |
| Selling, general and administrative | 28,126 | 29,822 | 34,000 | 35,900 | 51,900 | 46,100 | 58,900 | 61,200 |
| REIT evaluation/conversion costs | — | — | — | — | — | — | 0 | 0 |
| Merger transaction costs | 7,101 | — | — | — | — | — | — | — |
| Impairment of assets | 0 | 256 | 4,800 | — | 26,100 | 5,600 | 49,700 | 79,400 |
| Total operating costs and expenses | 145,793 | 159,073 | 145,400 | 168,800 | 332,100 | 285,200 | 449,500 | 523,000 |
| Gain (loss) on commercial real estate transactions | 7,454 | 51 | 0 | 0 | 2,800 | 500 | 0 | 51,400 |
| Gain (loss) on disposal of non-core assets, net | — | — | 1,100 | 54,000 | 200 | 9,100 | — | — |
| Gain (loss) on disposal of assets, net | — | 2,148 | — | — | — | — | — | — |
| Gain (loss) on disposal of assets and settlements, net | 11,685 | — | — | — | — | — | — | — |
| Total gain (loss) on commercial real estate transactions and disposal of assets and settlements, net | 19,139 | 2,199 | 1,100 | 54,000 | 3,000 | 9,600 | — | — |
| Operating Income (Loss) | 80,019 | 79,767 | 64,600 | 115,700 | 50,200 | 29,700 | (14,300) | 172,800 |
| Other Income and (Expenses): | ||||||||
| Income (loss) related to joint ventures and partnerships | 8,288 | 4,556 | 1,900 | 1,600 | 17,500 | 5,900 | 5,300 | (4,100) |
| Land Operations | — | — | — | — | — | — | — | (188,600) |
| Pension termination | — | 0 | 0 | (76,900) | — | — | — | — |
| Impairment of equity method investment | (406) | — | — | — | (2,900) | 0 | 0 | — |
| Solar investments | — | — | — | — | — | — | — | (500) |
| Equity method investments other than solar investements | — | — | — | — | — | — | — | (188,600) |
| Interest and other income (expense), net (Note 2) | — | — | — | — | — | 300 | 3,200 | 2,800 |
| Interest and other income (expense), net | 416 | 3,023 | (2,700) | 400 | (1,600) | — | — | — |
| Interest expense | — | — | (23,000) | (22,000) | (26,300) | (30,300) | (33,100) | (35,300) |
| Interest expense | (23,801) | (23,169) | — | — | — | — | — | — |
| Income (Loss) from Continuing Operations Before Income Taxes | 64,516 | 64,177 | 40,800 | 18,800 | 36,900 | 5,600 | (38,900) | (52,900) |
| Income tax benefit (expense) | 69 | (174) | 0 | 18,300 | 0 | 400 | 2,000 | (16,300) |
| Income (Loss) from Continuing Operations | — | — | — | — | — | — | (36,900) | (69,200) |
| Income (Loss) from Continuing Operations | 64,585 | 64,003 | 40,800 | 37,100 | 36,900 | 6,000 | — | — |
| Income (loss) from discontinued operations, net of income taxes | 89 | (3,466) | (7,800) | (86,600) | (1,100) | (800) | (1,500) | (600) |
| Net Income (Loss) | 64,674 | 60,537 | 33,000 | (49,500) | 35,800 | 5,200 | (38,400) | (69,800) |
| Loss (income) attributable to noncontrolling interest | — | — | — | — | (400) | 400 | 2,000 | (2,200) |
| Loss (income) attributable to discontinued noncontrolling interest | 0 | 0 | (3,200) | (1,100) | — | — | — | — |
| Net Income (Loss) Attributable to A&B Shareholders | 64,674 | 60,537 | 29,800 | (50,600) | 35,400 | 5,600 | (36,400) | (72,000) |
| Basic Earnings (Loss) Per Share of Common Stock: | ||||||||
| Continuing operations available to A&B shareholders (in dollars per share) | 0.89 | 0.88 | 0.56 | 0.51 | 0.50 | 0.09 | (0.49) | (1.01) |
| Discontinued operations available to A&B shareholders (in dollars per share) | 0.00 | (0.05) | (0.15) | (1.21) | (0.02) | (0.01) | (0.02) | (0.01) |
| Net income (loss) per share available to A&B shareholders (in dollars per share) | 0.89 | 0.83 | 0.41 | (0.70) | 0.48 | 0.08 | (0.51) | (1.02) |
| Diluted Earnings (Loss) Per Share of Common Stock: | ||||||||
| Continuing operations available to A&B shareholders (in dollars per share) | 0.89 | 0.88 | 0.56 | 0.50 | 0.50 | 0.09 | (0.49) | (1.01) |
| Discontinued operations available to A&B shareholders (in dollars per share) | 0.00 | (0.05) | (0.15) | (1.20) | (0.02) | (0.01) | (0.02) | (0.01) |
| Net income (loss) per share available to A&B shareholders (in dollars per share) | 0.89 | 0.83 | 0.41 | (0.70) | 0.48 | 0.08 | (0.51) | (1.02) |
| Weighted-Average Number of Shares Outstanding: | ||||||||
| Basic (in shares) | 72,717 | 72,606 | 72,600 | 72,600 | 72,500 | 72,300 | 72,200 | 70,600 |
| Diluted (in shares) | 73,047 | 72,752 | 72,800 | 72,800 | 72,600 | 72,400 | 72,200 | 70,600 |
| Continuing operations available to A&B common shareholders | — | — | — | — | 36,200 | 6,300 | (35,100) | — |
| Discontinued operations available to A&B common shareholders | — | — | — | — | (1,100) | (800) | (1,500) | (600) |
| Continuing operations available to A&B common shareholders | — | — | — | 36,900 | — | — | — | (71,400) |
| Discontinued operations available to A&B common shareholders | — | — | — | (87,700) | — | — | — | — |
| Amounts Available to A&B Common Shareholders: | ||||||||
| Continuing operations available to A&B common shareholders | 64,585 | 63,980 | 40,700 | — | — | — | — | — |
| Discontinued operations available to A&B common shareholders | — | (3,466) | — | — | — | — | — | — |
| Discontinued operations available to A&B common shareholders | 89 | — | (11,000) | — | — | — | — | — |
| Net income (loss) available to A&B common shareholders | 64,674 | 60,514 | 29,700 | (50,800) | 35,100 | 5,500 | (36,600) | (72,000) |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.