Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Real estate securities, available-for-sale - Note 5 $ 1,950 $ 59,034
Real estate securities, available-for-sale - pledged as collateral - Note 5 627,304 105,963
Real estate related and other loans, held-for-sale, net - Note 6 55,612 149,198
Subprime mortgage loans subject to call option - Note 6 0 380,806
Investments in real estate, net of accumulated depreciation - Note 7 217,611 227,907
Intangibles, net of accumulated amortization - Note 8 65,112 74,472
Other investments 19,256 20,595
Cash and cash equivalents 140,140 45,651
Restricted cash 6,404 4,469
Receivables from brokers, dealers and clearing organizations 552 361,341
Receivables and other assets - Note 2 38,017 38,546
Total Assets 1,171,958 1,467,982
Liabilities    
CDO bonds payable - Note 11 0 92,933
Other bonds and notes payable - Note 11 0 16,162
Repurchase agreements - Note 11 600,964 418,458
Credit facilities and obligations under capital leases - Note 11 115,284 11,258
Financing of subprime mortgage loans subject to call option - Note 6 0 380,806
Junior subordinated notes payable - Note 11 51,217 51,225
Dividends payable 8,949 8,929
Membership deposit liabilities 89,040 83,210
Payables to brokers, dealers and clearing organizations 0 105,940
Accounts payable, accrued expenses and other liabilities - Note 2 88,437 88,939
Total Liabilities 953,891 1,257,860
Commitments and contingencies - Notes 12, 13 and 14
Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of December 31, 2016 and 2015 61,583 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 66,824,304 and 66,654,598 shares issued and outstanding at December 31, 2016 and 2015, respectively 668 667
Additional paid-in capital 3,172,720 3,172,370
Accumulated deficit (3,018,072) (3,057,538)
Accumulated other comprehensive income - Note 2 1,168 33,297
Total Drive Shack Inc. Stockholders’ Equity 218,067 210,379
Noncontrolling interest 0 (257)
Total Equity 218,067 210,122
Total Liabilities and Equity $ 1,171,958 $ 1,467,982