ALEXANDER & BALDWIN, INC. AND SUBSIDIARIES
SEGMENT DATA & OTHER FINANCIAL INFORMATION
(amounts in millions, except per share data; unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended September 30, | | Nine Months Ended September 30, |
| | 2020 | | 2019 | | 2020 | | 2019 |
| Operating Revenue: | | | | | | | | |
| Commercial Real Estate | | $ | 35.7 | | | $ | 42.7 | | | $ | 113.1 | | | $ | 118.6 | |
| Land Operations | | 7.7 | | | 8.5 | | | 29.0 | | | 82.4 | |
| Materials & Construction | | 34.4 | | | 37.9 | | | 90.4 | | | 126.6 | |
| Total operating revenue | | 77.8 | | | 89.1 | | | 232.5 | | | 327.6 | |
| Operating Profit (Loss): | | | | | | | | |
| Commercial Real Estate | | 11.0 | | | 18.0 | | | 37.9 | | | 50.6 | |
| Land Operations | | 3.4 | | | 2.8 | | | 13.1 | | | 15.9 | |
| Materials & Construction | | 1.3 | | | (57.9) | | | (10.1) | | | (66.7) | |
| Total operating profit (loss) | | 15.7 | | | (37.1) | | | 40.9 | | | (0.2) | |
| Gain (loss) on disposal of commercial real estate properties, net | | — | | | — | | | 0.5 | | | — | |
| Interest expense | | (7.1) | | | (8.2) | | | (22.7) | | | (25.4) | |
| Corporate and other expense | | (5.4) | | | (5.5) | | | (13.8) | | | (18.1) | |
| | | | | | | | |
| Income (Loss) from Continuing Operations Before Income Taxes | | 3.2 | | | (50.8) | | | 4.9 | | | (43.7) | |
| Income tax benefit (expense) | | — | | | — | | | — | | | 1.1 | |
| Income (Loss) from Continuing Operations | | 3.2 | | | (50.8) | | | 4.9 | | | (42.6) | |
| Income (loss) from discontinued operations | | — | | | (0.1) | | | (0.8) | | | (0.8) | |
| Net Income (Loss) | | 3.2 | | | (50.9) | | | 4.1 | | | (43.4) | |
| Loss (income) attributable to noncontrolling interest | | (0.2) | | | 1.1 | | | 0.4 | | | 1.8 | |
| Net Income (Loss) Attributable to A&B Shareholders | | $ | 3.0 | | | $ | (49.8) | | | $ | 4.5 | | | $ | (41.6) | |
| | | | | | | | |
| Basic Earnings (Loss) Per Share of Common Stock: | | | | | | | | |
| Continuing operations available to A&B shareholders | | $ | 0.04 | | | $ | (0.69) | | | $ | 0.07 | | | $ | (0.57) | |
| Discontinued operations available to A&B shareholders | | — | | | — | | | (0.01) | | | (0.01) | |
| Net income (loss) available to A&B shareholders | | $ | 0.04 | | | $ | (0.69) | | | $ | 0.06 | | | $ | (0.58) | |
| Diluted Earnings (Loss) Per Share of Common Stock: | | | | | | | | |
| Continuing operations available to A&B shareholders | | $ | 0.04 | | | $ | (0.69) | | | $ | 0.07 | | | $ | (0.57) | |
| Discontinued operations available to A&B shareholders | | — | | | — | | | (0.01) | | | (0.01) | |
| Net income (loss) available to A&B shareholders | | $ | 0.04 | | | $ | (0.69) | | | $ | 0.06 | | | $ | (0.58) | |
| | | | | | | | |
| Weighted-Average Number of Shares Outstanding: | | | | | | | | |
| Basic | | 72.4 | | 72.3 | | | 72.3 | | | 72.2 |
| Diluted | | 72.4 | | 72.3 | | | 72.4 | | | 72.2 |
| | | | | | | | |
| Amounts Available to A&B Common Shareholders: | | | | | | | | |
| Continuing operations available to A&B common shareholders | | $ | 3.0 | | | $ | (49.7) | | | $ | 5.3 | | | $ | (40.8) | |
| Discontinued operations available to A&B common shareholders | | — | | | (0.1) | | | $ | (0.8) | | | $ | (0.8) | |
| Net income (loss) available to A&B common shareholders | | $ | 3.0 | | | $ | (49.8) | | | $ | 4.5 | | | $ | (41.6) | |
