ARBOR REALTY TRUST INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
($ in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets: | ||
| Cash and cash equivalents | $928,974 | $534,357 |
| Restricted cash | 608,233 | 713,808 |
| Loans and investments, net (allowance for credit losses of $195,664 and $132,559) | 12,377,806 | 14,254,674 |
| Loans held-for-sale, net | 551,707 | 354,070 |
| Capitalized mortgage servicing rights, net | 391,254 | 401,471 |
| Securities held-to-maturity, net (allowance for credit losses of $6,256 and $3,153) | 155,279 | 156,547 |
| Investments in equity affiliates | 79,303 | 79,130 |
| Due from related party | 64,421 | 77,419 |
| Goodwill and other intangible assets | 91,378 | 96,069 |
| Other assets | 490,281 | 371,440 |
| Total assets | $15,738,636 | $17,038,985 |
| Liabilities and Equity: | ||
| Credit and repurchase facilities | $3,237,827 | $3,841,814 |
| Securitized debt | 6,935,010 | 7,849,270 |
| Senior unsecured notes | 1,333,968 | 1,385,994 |
| Convertible senior unsecured notes, net | 283,118 | 280,356 |
| Junior subordinated notes to subsidiary trust issuing preferred securities | 143,896 | 143,128 |
| Due to related party | 13,799 | 12,350 |
| Due to borrowers | 121,707 | 61,237 |
| Allowance for loss-sharing obligations | 71,634 | 57,168 |
| Other liabilities | 343,072 | 335,789 |
| Total liabilities | 12,484,031 | 13,967,106 |
| Commitments and contingencies (Note 14) | ||
| Equity: | ||
| Arbor Realty Trust, Inc. stockholders’ equity: | ||
| Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period: | 633,684 | 633,684 |
| 6.375% Series D - 9,200,000 shares | ||
| 6.25% Series E - 5,750,000 shares | ||
| 6.25% Series F - 11,342,000 shares | ||
| Common stock, $0.01 par value: 500,000,000 shares authorized - 188,505,264 and 178,230,522 shares issued and outstanding | 1,885 | 1,782 |
| Additional paid-in capital | 2,367,188 | 2,204,481 |
| Retained earnings | 115,216 | 97,049 |
| Total Arbor Realty Trust, Inc. stockholders’ equity | 3,117,973 | 2,936,996 |
| Noncontrolling interest | 136,632 | 134,883 |
| Total equity | 3,254,605 | 3,071,879 |
| Total liabilities and equity | $15,738,636 | $17,038,985 |
Note: Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At December 31, 2023 and 2022, assets of our consolidated VIEs totaled $8,614,571 and $9,785,261, respectively, and the liabilities of our consolidated VIEs totaled $6,967,876 and $7,876,024, respectively. See Note 15 for discussion of our VIEs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.