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[2/10/2021 | 2/10/2021 (part 2) | 2/10/2021 (part 3) | 2/10/2021 (part 4)]
RESOURCE AMERICA, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands)
|
December 31, 1998
|
September 30, 1998
|
ASSETS |
(Unaudited) |
|
Current Assets |
| |
Cash and cash equivalents |
$51,154 |
$78,080 |
Accounts and notes receivable |
15,005 |
9,461 |
Prepaid expenses and other current assets |
5,157
|
3,109
|
Total Current Assets |
71,316 |
90,650 |
|
Investments in Real Estate Loans (less allowance for possible losses of $1,331 and $1,191) |
205,358 |
202,050 |
Investments in Leases and Notes Receivable (less allowance for possible losses of $1,737 and $1,602) |
33,836 |
24,977 |
Investment in Resource Asset Investment Trust |
9,195 |
11,912 |
Property and Equipment |
| |
Oil and gas properties and equipment (successful efforts) |
47,863 |
44,516 |
Gas gathering and transmission facilities |
7,131 |
6,751 |
Other |
9,999
|
9,133
|
|
64,993 |
60,400 |
Less - accumulated depreciation, depletion and amortization |
(17,895)
|
(16,915)
|
Net Property and Equipment |
47,098 |
43,485 |
Other Assets |
| |
(less accumulated amortization of $4,021 and $3,112) |
53,115
|
53,373
|
|
$419,918 ======== |
$426,447 ======== |
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities |
Borrowings under credit facilities |
$1,125 |
$5,166 |
Accounts payable - trade |
8,852 |
12,864 |
Accrued liabilities |
22,508 |
18,648 |
Accrued interest |
5,534 |
2,226 |
Estimated income taxes |
3,878 |
6,242 |
Current portion of long-term debt |
7,460
|
7,264
|
Total Current Liabilities |
49,357 |
52,410 |
|
Long-Term Debt |
129,588 |
133,016 |
Deferred Income Taxes |
- |
1,764 |
Other Long-Term Liabilities |
687 |
2,779 |
Commitments and Contingencies |
- |
- |
|
Stockholders' Equity |
| |
Preferred stock, $1.00 par value: 1,000,000 authorized shares |
- |
- |
Common stock, $.01 par value: 49,000,000 authorized shares |
230 |
230 |
Net unrealized loss on investment |
(1,820) |
(43) |
Additional paid-in capital |
208,733 |
208,588 |
Less treasury stock, at cost |
(17,713) |
(17,890) |
Less loan receivable for Employee Stock Option Plan ("ESOP") |
(1,591) |
(1,591) |
Retained earnings |
52,447
|
47,184
|
Total Stockholders' Equity |
240,286
|
236,478
|
|
$419,918 ======== |
$426,447 ======== |
[2/10/2021 | 2/10/2021 (part 2) | 2/10/2021 (part 3) | 2/10/2021 (part 4)]
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