ALEX · As filed with the SEC
Alexander & Baldwin balance sheet, 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 BALANCE SHEETS · USD
| USD | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Real estate investments | ||||||||
| Real estate property | 1,687,619,000 | 1,670,879,000 | 1,609,000,000 | 1,598,900,000 | 1,588,200,000 | 1,549,700,000 | 1,540,200,000 | — |
| Accumulated depreciation | (281,510,000) | (255,641,000) | (227,300,000) | (202,300,000) | (180,500,000) | (154,400,000) | (127,500,000) | — |
| Real estate property, net | 1,406,109,000 | 1,415,238,000 | 1,381,700,000 | 1,396,600,000 | 1,407,700,000 | 1,395,300,000 | 1,412,700,000 | — |
| Real estate developments | — | — | — | — | — | — | 79,100,000 | 124,100,000 |
| Property – Net | — | — | — | — | — | — | — | 1,322,000,000 |
| Intangible Assets – Net | — | — | — | — | — | — | — | 68,400,000 |
| Deferred Income Taxes | — | — | — | — | — | — | — | 0 |
| Real estate developments | — | — | — | 59,900,000 | 65,000,000 | 75,700,000 | — | — |
| Real estate developments | 41,566,000 | 46,423,000 | 58,100,000 | — | — | — | — | — |
| Investments in sales-type leases, net of allowances (credit losses) of $45 as of December 31, 2025 | 23,913,000 | — | — | — | — | — | — | — |
| Investments in real estate joint ventures and partnerships | 5,907,000 | 5,907,000 | 6,900,000 | 7,500,000 | 8,800,000 | 134,100,000 | 133,400,000 | — |
| Real estate intangible assets, net | — | — | 36,300,000 | — | — | — | — | — |
| Real estate intangible assets, net | 25,684,000 | 31,176,000 | — | 43,600,000 | 51,600,000 | 61,900,000 | 74,900,000 | — |
| Real estate investments, net | 1,503,179,000 | 1,498,744,000 | 1,483,000,000 | 1,507,600,000 | 1,533,100,000 | 1,667,000,000 | 1,700,100,000 | — |
| Cash and cash equivalents | 11,303,000 | 33,436,000 | 13,500,000 | 33,300,000 | 70,000,000 | 57,200,000 | 15,200,000 | 11,400,000 |
| Accounts receivable, net | — | — | — | — | — | — | — | 49,600,000 |
| Restricted cash | 236,000 | 236,000 | 200,000 | 1,000,000 | 1,000,000 | 200,000 | 200,000 | — |
| Accounts receivable and retention, net of allowances (credit losses and doubtful accounts) of $1.3 million and $3.3 million as of December 31, 2021 and 2020, respectively | — | — | — | — | 28,900,000 | 43,500,000 | 43,400,000 | — |
| Contracts retention | — | — | — | — | — | — | 8,600,000 | 11,600,000 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | — | — | — | — | — | — | — | 9,200,000 |
| Inventories | — | — | — | — | 20,300,000 | 18,400,000 | 20,700,000 | 26,500,000 |
| Real estate development inventory and property held for sale | — | — | — | — | — | — | — | 31,100,000 |
| Income tax receivable | — | — | — | — | — | — | — | 25,400,000 |
| Prepaid expenses and other assets | — | — | — | — | — | — | — | 15,900,000 |
| Total current assets | — | — | — | — | — | — | — | 180,700,000 |
| Accounts receivable, net of allowances (credit losses and doubtful accounts) of $1,219 and $1,701 as of December 31, 2025 and 2024, respectively | 5,101,000 | 3,697,000 | 4,500,000 | 6,100,000 | — | — | — | — |
| Other property, net | — | — | — | 2,500,000 | 83,500,000 | 110,800,000 | 124,400,000 | — |
| Operating lease right-of-use assets | 15,067,000 | — | 1,700,000 | 5,400,000 | 20,100,000 | 18,600,000 | 21,800,000 | — |
| Goodwill | 8,729,000 | 8,729,000 | 8,700,000 | 8,700,000 | 8,700,000 | 10,500,000 | 15,400,000 | 65,100,000 |
| Restricted Cash | — | — | — | — | — | — | — | 223,500,000 |
| Other Assets | — | — | — | — | — | — | — | 70,000,000 |
| Other receivables, net of allowances of $3.5 million and $2.7 million as of December 31, 2023 and 2022, respectively | — | — | 23,600,000 | — | — | — | — | — |
| Other receivables, net of allowance (credit losses) of $2,336 and $2,393 as of December 31, 2025 and 2024, respectively | 6,477,000 | 16,696,000 | — | 6,900,000 | 11,600,000 | 14,200,000 | 27,400,000 | — |
| Costs and estimated earnings in excess of billings on uncompleted contracts | — | — | — | — | — | — | 10,000,000 | — |
| Straight-line rent receivable | 45,268,000 | — | — | — | — | — | — | — |
| Investments in other joint ventures and partnerships | 30,883,000 | — | — | — | — | — | — | 171,400,000 |
| Prepaid expenses and other assets | 25,021,000 | 108,894,000 | 97,000,000 | 89,000,000 | 102,600,000 | 95,600,000 | 97,100,000 | — |
| Assets held for sale | 8,273,000 | 0 | 14,000,000 | 126,800,000 | — | — | — | — |
| Total assets | 1,659,537,000 | 1,670,432,000 | 1,646,200,000 | 1,787,300,000 | 1,879,800,000 | 2,036,000,000 | 2,084,300,000 | 2,225,200,000 |
| LIABILITIES AND EQUITY | ||||||||
| Notes payable and current portion of long-term debt | — | — | — | — | — | — | — | 39,000,000 |
| Accounts payable | — | — | — | — | — | — | — | 34,200,000 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | — | — | — | — | — | — | — | 5,900,000 |
| Indemnity holdback related to Grace acquisition | — | — | — | — | — | — | — | 8,800,000 |
| Accrued dividends | — | — | — | — | — | — | — | 0 |
| Accrued and other liabilities | — | — | — | — | — | — | — | 41,500,000 |
| Total current liabilities | — | — | — | — | — | — | — | 129,400,000 |
| Long-term debt | — | — | — | — | — | — | — | 739,100,000 |
| Accrued retirement benefits | — | — | — | — | — | — | — | 28,300,000 |
| Deferred revenue | — | — | — | — | — | — | — | 63,100,000 |
| Other non-current liabilities | — | — | — | — | — | — | — | 49,100,000 |
| Total long-term liabilities | — | — | — | — | — | — | — | 879,600,000 |
| Liabilities: | ||||||||
| Notes payable and other debt | — | — | — | — | 532,700,000 | 687,100,000 | 704,600,000 | — |
| Notes payable and other debt | 491,585,000 | 474,837,000 | 464,000,000 | 472,200,000 | — | — | — | — |
| Accounts payable | 12,419,000 | 4,529,000 | 5,800,000 | 4,500,000 | 9,900,000 | 9,800,000 | 17,800,000 | — |
| Operating lease liabilities | 14,345,000 | — | 1,100,000 | 4,900,000 | 19,400,000 | 18,400,000 | 21,600,000 | — |
| Accrued post-retirement benefits | 7,757,000 | 7,582,000 | 10,000,000 | 10,100,000 | 56,300,000 | 34,700,000 | 26,800,000 | — |
| Indemnity holdbacks | — | — | — | — | — | — | 7,500,000 | — |
| Refund liability | 45,300,000 | — | — | — | — | — | — | — |
| Deferred revenue | 12,356,000 | 72,462,000 | 70,400,000 | 68,800,000 | 68,500,000 | 66,900,000 | 67,600,000 | — |
| Billings in excess of costs and estimated earnings on uncompleted contracts | — | — | — | — | — | — | 7,900,000 | — |
| Accrued dividends | 26,753,000 | — | — | — | — | — | — | — |
| Real estate intangible liabilities, net | 13,939,000 | — | — | — | — | — | — | — |
| Accrued and other liabilities | 47,881,000 | 107,479,000 | 91,800,000 | 102,100,000 | 119,500,000 | 116,500,000 | 95,500,000 | — |
| Liabilities associated with assets held for sale | — | — | 100,000 | 81,000,000 | — | — | — | — |
| Total liabilities | 672,335,000 | 666,889,000 | 643,200,000 | 743,600,000 | 806,300,000 | 933,400,000 | 949,300,000 | 1,009,000,000 |
| Redeemable Noncontrolling Interest (Note 2) | — | — | 0 | 8,000,000 | 6,900,000 | 6,500,000 | 6,300,000 | 7,900,000 |
| Equity: | ||||||||
| Common stock - no par value; authorized, 225,000,000 shares; outstanding 72,820,075 and 72,633,866 shares at December 31, 2025 and 2024, respectively | 1,812,619,000 | 1,811,582,000 | 1,809,100,000 | 1,808,400,000 | 1,810,500,000 | 1,805,500,000 | 1,800,100,000 | 1,793,400,000 |
| Accumulated other comprehensive income (loss) | 18,000 | 6,134,000 | 3,200,000 | 1,800,000 | (80,700,000) | (60,000,000) | (48,800,000) | (51,900,000) |
| Distributions in excess of accumulated earnings | (825,435,000) | (814,173,000) | (809,300,000) | (774,500,000) | (663,200,000) | (649,400,000) | (626,200,000) | (538,900,000) |
| Total shareholders' equity | 987,202,000 | 1,003,543,000 | 1,003,000,000 | 1,035,700,000 | 1,066,600,000 | 1,096,100,000 | 1,125,100,000 | 1,202,600,000 |
| Noncontrolling interest | — | — | — | — | — | 0 | 3,600,000 | 5,700,000 |
| Total equity | — | — | — | — | — | 1,096,100,000 | 1,128,700,000 | 1,208,300,000 |
| Total liabilities and equity | 1,659,537,000 | 1,670,432,000 | 1,646,200,000 | 1,787,300,000 | 1,879,800,000 | 2,036,000,000 | 2,084,300,000 | 2,225,200,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.