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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Real estate, at cost $ 1,081,349 $ 1,120,122
Real estate held for sale at cost, net of depreciation ($3,168 and $1,752,for 2012 and 2011) 28,663 15,015
Real estate subject to sales contracts at cost, net of depreciation ($10,000 and $9,790 in 2012 and 2011) 45,956 49,982
Less accumulated depreciation (160,628) (158,489)
Total real estate 995,340 1,026,630
Notes and interest receivable    
Performing (including $100,713 and $104,969 in 2012 and 2011 from affiliates and related parties) 114,810 110,136
Non-performing (including $3,279 and $0 in 2012 and 2011 from affiliates and related parties) 9,160 4,787
Less allowance for estimated losses (including $18,962 and $8,962 in 2012 and 2011 from affiliates and related parties) (23,383) (13,383)
Total notes and interest receivable 100,587 101,540
Cash and cash equivalents 8,161 20,312
Investments in unconsolidated subsidiaries and investees 7,848 10,746
Other assets (including $22 and $11 in 2012 and 2011 from affiliates and related parties) 69,718 76,243
Total assets 1,181,654 1,235,471
Liabilities:    
Notes and interest payable 833,969 855,619
Notes related to assets held-for-sale 20,089 13,830
Notes related to subject to sales contracts 40,615 44,516
Stock-secured notes payable and margin debt 26,486 26,898
Affiliate payables 638 10,294
Deferred gain (including $77,227 and $71,964 in 2012 and 2011 from sales to related parties) 79,072 78,750
Accounts payable and other liabilities (including $1,861 and $1,822 in 2012 and 2011 to affiliates and related parties) 94,088 110,307
Total Liabilities 1,094,957 1,140,214
Shareholders' equity:    
Preferred stock, $2.00 par value, authorized 15,000,000 shares, issued and outstanding Series A, 3,353,954 shares in 2012 and 2011 (liquidation preference $10 per share), including 900,000 shares in 2012 and 2011 held by subsidiaries 4,908 4,908
Common stock, $.01 par value, authorized 100,000,000 shares; issued 11,941,174 shares and outstanding 11,525,389 shares in 2012 and in 2011 115 115
Treasury stock at cost; 415,785 shares in 2012 and 2011 and 234,314 and 236,587 shares held by TCI as of 2012 and 2011. (6,395) (6,395)
Paid-in capital 106,127 105,388
Retained earnings (53,786) (47,486)
Accumulated other comprehensive income (786) (786)
Total American Realty Investors, Inc. shareholders' equity 50,183 55,744
Non-controlling interest 36,514 39,513
Total equity 86,697 95,257
Total liabilities and equity $ 1,181,654 $ 1,235,471