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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
========
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