PHILLIPS EDISON & COMPANY, INC. financial statements (2022 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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1041045337183018
Cash and cash equivalents1041045337183018
Restricted cash and investments    38  
Deferred costs38384041403839
Derivative instruments and hedges, assets   0325
Assets held-for-sale, not part of disposal group    68116
Total current assets:142141937810415078
Noncurrent Assets
Operating lease, right-of-use asset12222  
Property, plant and equipment1,5491,5471,5451,5481,5531,5351,595
Intangible assets, net (including goodwill)537292929323333
Goodwill29292929292929
Intangible assets, net (excluding goodwill)508   244
Regulated entity, other noncurrent assets14141516171616
Total noncurrent assets:2,1011,5931,5921,5951,6031,5841,645
Other undisclosed assets2,4352,9883,0183,0943,1213,1603,254
TOTAL ASSETS:4,6794,7224,7024,7674,8284,8954,976
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred compensation liability    2  
Derivative instruments and hedges, liabilities556165632128 
Business combination, contingent consideration, liability22222222323232
Total current liabilities:77838785556032
Noncurrent Liabilities
Liabilities, other than long-term debt102   112  
Off-market lease, unfavorable102   112  
Total noncurrent liabilities:102   112  
Other undisclosed liabilities2,4842,5322,5272,5882,4922,6872,702
Total liabilities:2,6632,6142,6152,6732,6592,7472,734
Stockholders' equity
Stockholders' equity attributable to parent1,6901,7631,7461,7521,8141,7871,871
Common stock3333333
Additional paid in capital2,7392,7972,7952,7942,7792,7182,719
Accumulated other comprehensive loss(52)(56)(60)(59)(21)(29)(21)
Accumulated deficit(999)(981)(992)(986)(947)(904)(830)
Stockholders' equity attributable to noncontrolling interest326344341342355361371
Total stockholders' equity:2,0162,1082,0872,0942,1692,1482,242
TOTAL LIABILITIES AND EQUITY:4,6794,7224,7024,7674,8284,8954,976

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues121127119132135136133
Operating lease, lease income485      
Cost of revenue
(Cost of Goods and Services Sold)
8(21) (55)   
Gross profit:12910611977135136133
Operating expenses(90)(113)(102)(106)(122)(147)(137)
Operating income (loss):39(8)17(29)14(11)(5)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)0(1)10(9)2(1)
Interest and debt expense(20)(20)(22)(23)(27)(25)(26)
Income (loss) before gain (loss) on sale of properties:19(28)(6)(42)(22)(35)(31)
Other undisclosed net income (loss)(31)41(1)53275(11)
Net income (loss):(13)13(6)115(30)(42)
Net income (loss) attributable to noncontrolling interest2(2)1(1)(1)46
Net income (loss) available to common stockholders, diluted:(11)12(6)104(26)(37)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(13)13(6)115(30)(42)
Other undisclosed comprehensive income (loss)65(2)(43)9(10)(24)
Comprehensive income (loss):(7)19(8)(32)14(39)(66)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(2)14(2)59
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:(8)16(7)(28)12(34)(57)

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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