PHILLIPS EDISON & COMPANY, INC. financial statements (2021 and earlier)

Company profile

Business Address 11501 NORTHLAKE DRIVE
CINCINNATI, OH 45249
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1041817684116
Cash and cash equivalents1041817684116
Restricted cash and investments 38     
Receivables  56   
Prepaid expense   4   
Deferred costs38403736   
Derivative instruments and hedges, assets 33016   
Assets held-for-sale, not part of disposal group 617   
Total current assets:1421041066984116
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment1,5491,5531,5981,122796719675
Intangible assets, net (including goodwill)537324384143154177
Goodwill29292929   
Intangible assets, net (excluding goodwill)50821455143154177
Regulated entity, other noncurrent assets141718169  
Total noncurrent assets:2,1011,6031,6591,222948873852
Other undisclosed assets2,4353,1213,3982,2361,4241,3211,283
TOTAL ASSETS:4,6794,8285,1633,5262,3802,2352,151
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      60
Deferred compensation liability 2     
Derivative instruments and hedges, liabilities5521     
Business combination, contingent consideration, liability223240    
Total current liabilities:775540   60
Noncurrent Liabilities
Liabilities, other than long-term debt10211213291434042
Off-market lease, unfavorable10211213291434042
Total noncurrent liabilities:10211213291434042
Other undisclosed liabilities2,4842,4922,5801,9571,112903641
Total liabilities:2,6632,6592,7512,0471,155943743
Stockholders' equity
Stockholders' equity attributable to parent1,6901,8141,9981,0461,2011,2671,355
Common stock3332222
Additional paid in capital2,7392,7792,6751,6291,6271,5891,568
Accumulated other comprehensive income (loss)(52)(21)1216110 
Accumulated deficit(999)(947)(692)(601)(438)(324)(214)
Stockholders' equity attributable to noncontrolling interest326355415432232523
Total stockholders' equity:2,0162,1692,4131,4791,2251,2921,378
Other undisclosed liabilities and equity      30
TOTAL LIABILITIES AND EQUITY:4,6794,8285,1633,5262,3802,2352,151

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues498537430312258242188
Revenue, net312258242188
Operating lease, lease income485522
Operating leases, income statement, lease revenue301
Cost of revenue
(Cost of Goods and Services Sold)
(219)  (54)(42)(38)(33)
Gross profit:279537430258216204155
Operating expenses(423)(534)(415)(294)(222)(196)(191)
Operating income (loss):(144)315(37)(6)7(36)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
9(1)(2)2601
Interest and debt expense(85)(103)(73)(46)(32)(32)(20)
Loss before gain (loss) on sale of properties:(220)(101)(59)(80)(33)(25)(56)
Other undisclosed net income2252810638423833
Net income (loss):5(73)47(42)914(23)
Net income (loss) attributable to noncontrolling interest(1)9(8)3(0)(0) 
Net income (loss) available to common stockholders, diluted:5(64)39(38)913(23)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):5(73)47(42)914(23)
Other comprehensive loss(34)(38)(4)    
Other undisclosed comprehensive income (loss)   5110(1)
Comprehensive income (loss):(28)(111)43(37)2014(23)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest114(8)3(0)(0) 
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:(27)(97)35(34)1913(23)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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