XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Real estate, at cost $ 484,639 $ 469,997
Real estate subject to sales contracts at cost 6,307 7,966
Less accumulated depreciation (96,002) (90,173)
Total real estate 394,944 387,790
Notes and interest receivable (including $110,827 in 2020 and $106,081 in 2019 from related parties) 180,146 169,299
Less allowance for estimated losses (including $12,557 and $13,099 in 2020 and 2019 from related parties) (12,557) (13,099)
Total notes and interest receivable 167,589 156,200
Cash and cash equivalents 42,461 51,228
Restricted cash 30,114 32,083
Investment in VAA 52,773 59,148
Investment in other unconsolidated investees 8,639 8,507
Receivable from related party 75,923 85,996
Other assets 55,846 49,689
Total assets 828,289 830,641
Liabilities:    
Notes and interest payable 263,325 254,873
Bond and interest payable 218,216 229,722
Deferred revenue (including $25,660 in 2020 and $24,762 in 2019 to related parties) 25,660 24,762
Accounts payable and other liabilities (including $12,267 in 2020 and $11,817 in 2019 to related parties) 23,508 24,768
Total liabilities 530,709 534,125
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued 614 and outstanding 1,800,614 in 2020 and 2019 (liquidation preference $10 per share), including 1,800,000 shares held by ARL and its subsidiaries in 2020 and 2019. 5 5
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,412,861 shares issued and 15,997,076 outstanding as of 2020 and 2019, including 140,000 shares held by TCI (consolidated) in 2020 and 2019. 164 164
Treasury stock at cost; 415,785 shares in 2020 and 2019, and 140,000 shares held by TCI (consolidated) as of 2020 and 2019. (6,395) (6,395)
Paid-in capital 82,017 82,017
Retained earnings 164,348 163,708
Total American Realty Investors, Inc. shareholders' equity 240,139 239,499
Non-controlling interest 57,441 57,017
Total shareholders' equity 297,580 296,516
Total liabilities and shareholders' equity $ 828,289 $ 830,641