Saul Centers, Inc. (BFS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
7501 WISCONSIN AVENUE BETHESDA, MD 20814 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13 | 15 | 27 | 14 | 15 | 11 | 8 | ||
| Cash and cash equivalents | 13 | 15 | 27 | 14 | 15 | 11 | 8 | ||
| Total current assets: | 13 | 15 | 27 | 14 | 15 | 11 | 8 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,577 | 1,567 | 2,055 | 1,746 | 1,762 | 1,803 | 1,701 | ||
| Total noncurrent assets: | 1,577 | 1,567 | 2,055 | 1,746 | 1,762 | 1,803 | 1,701 | ||
| Other undisclosed assets | 243 | 165 | (437) | (142) | (249) | (392) | (366) | ||
| TOTAL ASSETS: | 1,833 | 1,747 | 1,646 | 1,618 | 1,527 | 1,422 | 1,343 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 145 | 109 | 22 | 69 | |||||
| Total current liabilities: | 145 | 109 | 22 | 69 | |||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,312 | 1,216 | 1,073 | 1,066 | 1,081 | 1,029 | 901 | ||
| Total liabilities: | 1,312 | 1,216 | 1,218 | 1,175 | 1,102 | 1,029 | 970 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | 400 | 405 | 364 | 375 | 356 | 334 | 319 | ||
| Preferred stock | 180 | 180 | |||||||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 446 | 437 | 421 | 411 | 385 | 353 | 328 | ||
| Accumulated other comprehensive income (loss) | 3 | (0) | (1) | (1) | |||||
| Accumulated deficit | (274) | (256) | (242) | (221) | (209) | (198) | (189) | ||
| Other undisclosed equity, attributable to parent | 225 | 225 | 185 | 185 | 180 | ||||
| Equity, attributable to noncontrolling interest | 121 | 125 | 63 | 68 | 69 | 59 | 55 | ||
| Total equity: | 522 | 530 | 428 | 443 | 425 | 393 | 373 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,833 | 1,747 | 1,646 | 1,618 | 1,527 | 1,422 | 1,343 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 246 | 239 | 225 | 232 | 228 | 227 | 217 | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | 186 | ✕ | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 227 | 217 | |
| Operating lease, lease income | 241 | 235 | 220 | 223 | ✕ | ✕ | ✕ | |
| Cost of revenue | (158) | (153) | (156) | (58) | (56) | (149) | (144) | |
| Cost of goods and services sold | (65) | (62) | (58) | (58) | (56) | (56) | (54) | |
| Other undisclosed gross profit | 94 | 91 | 98 | 93 | 90 | |||
| Gross profit: | 181 | 178 | 167 | 174 | 172 | 172 | 163 | |
| Operating expenses | (22) | (25) | (19) | (167) | (25) | (18) | (17) | |
| Other undisclosed operating loss | (85) | (93) | (90) | |||||
| Operating income: | 159 | 153 | 148 | 7 | 63 | 61 | 56 | |
| Nonoperating income (expense) (Investment Income, Nonoperating) | (0) | (0) | 0 | (0) | ||||
| Interest and debt expense | (45) | (45) | (47) | (42) | (50) | (49) | (47) | |
| Income (loss) from continuing operations: | 114 | 107 | 101 | (36) | 13 | 11 | 9 | |
| Income (loss) before gain (loss) on sale of properties: | ✕ | 107 | 101 | (36) | 13 | 11 | 9 | |
| Gain on sale of properties, net of applicable income taxes | ✕ | ✕ | ✕ | 1 | 1 | |||
| Other undisclosed net income (loss) | (49) | (45) | (51) | 100 | 50 | 49 | 47 | |
| Net income: | 65 | 62 | 50 | 64 | 63 | 61 | 57 | |
| Net loss attributable to noncontrolling interest | (15) | (13) | (10) | (12) | (13) | (12) | (11) | |
| Net income attributable to parent: | 50 | 48 | 40 | 52 | 51 | 48 | 45 | |
| Preferred stock dividends and other adjustments | (11) | (11) | (11) | (15) | (15) | (12) | (12) | |
| Net income available to common stockholders, diluted: | 39 | 37 | 29 | 36 | 36 | 36 | 33 | |
Comprehensive Income ($ in millions)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 65 | 62 | 50 | 64 | 63 | 61 | 57 | |
| Other comprehensive income | 0 | |||||||
| Other undisclosed comprehensive income (loss) | 4 | (0) | 1 | 1 | 1 | |||
| Comprehensive income: | 69 | 62 | 50 | 64 | 64 | 61 | 57 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (16) | (13) | (10) | (13) | (13) | (13) | (12) | |
| Comprehensive income, net of tax, attributable to parent: | 53 | 48 | 40 | 52 | 51 | 49 | 46 | |
Statements Sources
The financial statements are based on the Company's filings with 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.