CoreSite Realty Corporation (COR) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1001 17TH STREET DENVER, CO 80202 |
| 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 thousands)
| 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 investments | 3,048 | 2,599 | 5,247 | 4,429 | 6,854 | 10,662 | |||
| Cash and cash equivalents | 3,048 | 2,599 | 5,247 | 4,429 | 6,854 | 10,662 | |||
| Total current assets: | 3,048 | 2,599 | 5,247 | 4,429 | 6,854 | 10,662 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 172,976 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 99,441 | 91,961 | 6,408 | 5,356 | 6,157 | 7,474 | |||
| Intangible assets, net (including goodwill) | 44,585 | 47,589 | 46,960 | 51,104 | 45,905 | 48,303 | |||
| Goodwill | 40,646 | 40,646 | 40,646 | 41,191 | 41,191 | 41,191 | |||
| Intangible assets, net (excluding goodwill) | 3,939 | 6,943 | 6,314 | 9,913 | 4,714 | 7,112 | |||
| Regulated entity, other noncurrent assets | 5,677 | 4,930 | 3,550 | 1,243 | |||||
| Total noncurrent assets: | 317,002 | 145,227 | 58,298 | 60,010 | 53,305 | 55,777 | |||
| Other undisclosed assets | 1,780,949 | 1,705,841 | 1,469,114 | 1,386,864 | 1,102,384 | 1,008,986 | |||
| TOTAL ASSETS: | 2,100,999 | 1,853,667 | 1,532,659 | 1,451,303 | 1,162,543 | 1,075,425 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,511 | 2,846 | 3,504 | 4,292 | 4,693 | 5,576 | |||
| Off-market lease, unfavorable | 2,511 | 2,846 | 3,504 | 4,292 | 4,693 | 5,576 | |||
| Total noncurrent liabilities: | 2,511 | 2,846 | 3,504 | 4,292 | 4,693 | 5,576 | |||
| Other undisclosed liabilities | 1,884,600 | 1,516,188 | 1,110,511 | 849,925 | 531,545 | 411,508 | |||
| Total liabilities: | 1,887,111 | 1,519,034 | 1,114,015 | 854,217 | 536,238 | 417,084 | |||
| Temporary equity, carrying amount | 110,200 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 158,162 | 242,555 | 281,020 | 435,726 | 416,117 | 322,587 | |||
| Preferred stock | 115,000 | 115,000 | 115,000 | ||||||
| Common stock | 373 | 363 | 338 | 334 | 301 | 212 | |||
| Additional paid in capital | 512,324 | 491,314 | 457,495 | 438,531 | 390,200 | 275,038 | |||
| Accumulated other comprehensive income (loss) | 753 | (101) | (493) | (125) | |||||
| Other undisclosed equity, attributable to parent | (354,535) | (249,122) | (177,566) | (118,038) | (88,891) | (67,538) | |||
| Equity, attributable to noncontrolling interest | 55,726 | 92,078 | 137,624 | 161,360 | 210,188 | 335,754 | |||
| Total equity: | 213,888 | 334,633 | 418,644 | 597,086 | 626,305 | 658,341 | |||
| Other undisclosed liabilities and equity | (110,200) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 2,100,999 | 1,853,667 | 1,532,659 | 1,451,303 | 1,162,543 | 1,075,425 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 572,727 | 544,392 | 481,821 | 400,352 | 333,292 | 421,714 | ||
| Revenue, net | ✕ | ✕ | ✕ | 481,821 | 400,352 | 333,292 | 421,714 | |
| Operating lease, lease income | 496,976 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Cost of revenue | (212,492) | (152,357) | (132,820) | (107,212) | (89,805) | (75,119) | ||
| Cost of goods and services sold | (152,357) | (132,820) | (107,212) | (89,805) | (75,119) | |||
| Gross profit: | 360,235 | 392,035 | 349,001 | 293,140 | 243,487 | 346,595 | ||
| Operating expenses | (219,419) | (402,113) | (357,009) | (305,735) | (269,208) | (228,233) | ||
| Other undisclosed operating income (loss) | 152,357 | 132,820 | 107,212 | 89,805 | (74,175) | |||
| Operating income: | 140,816 | 142,279 | 124,812 | 94,617 | 64,084 | 44,187 | ||
| Nonoperating income (Investment Income, Nonoperating) | 35 | 6 | 6 | |||||
| Interest and debt expense | (41,712) | (35,526) | (24,147) | (12,612) | (7,104) | (5,311) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 36 | 1,208 | ||||||
| Income from continuing operations before income taxes: | 99,104 | 106,753 | 100,665 | 82,040 | 57,022 | 40,090 | ||
| Income tax expense (benefit) | (67) | 10 | (174) | (119) | (163) | (38) | ||
| Income from continuing operations: | 99,037 | 106,763 | 100,491 | 81,921 | 56,859 | 40,052 | ||
| Income before gain (loss) on sale of properties: | 99,037 | 106,763 | 100,491 | 81,921 | 56,859 | 40,052 | ||
| Net income: | 99,037 | 106,763 | 100,491 | 81,921 | 56,859 | 40,052 | ||
| Net loss attributable to noncontrolling interest | (23,197) | (28,841) | (25,636) | (23,212) | (22,153) | (17,287) | ||
| Net income attributable to parent: | 75,840 | 77,922 | 74,855 | 58,709 | 34,706 | 22,765 | ||
| Preferred stock dividends and other adjustments | (12,250) | (8,338) | (8,338) | (8,338) | ||||
| Net income available to common stockholders, diluted: | 75,840 | 77,922 | 62,605 | 50,371 | 26,368 | 14,427 | ||
Comprehensive Income ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 99,037 | 106,763 | 100,491 | 81,921 | 56,859 | 40,052 | ||
| Other comprehensive income (loss) | (4,826) | (4,002) | 1,203 | 628 | (496) | (275) | ||
| Comprehensive income: | 94,211 | 102,761 | 101,694 | 82,549 | 56,363 | 39,777 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (22,030) | (27,912) | (25,985) | (23,242) | (21,724) | (17,137) | ||
| Comprehensive income, net of tax, attributable to parent: | 72,181 | 74,849 | 75,709 | 59,307 | 34,639 | 22,640 | ||
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.