Douglas Emmett Inc. (DEI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1299 OCEAN AVENUE, SUITE 1000
SANTA MONICA, CA 90401
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments523,082268,837335,905172,385153,683146,227
Cash and cash equivalents523,082268,837335,905172,385153,683146,227
Total current assets:523,082268,837335,905172,385153,683146,227
Noncurrent Assets
Operating lease, right-of-use asset7,4477,4557,4647,4727,479
Property, plant and equipment7,0147,1442,4992,3582,3681,101
Long-term investments and receivables15,97747,97646,59447,37442,442111,032
Long-term investments15,97747,97646,59447,37442,442111,032
Intangible assets, net (including goodwill)4,9595,5246,1567,1298,3955,239
Intangible assets, net (excluding goodwill)4,9595,5246,1567,1298,3955,239
Total noncurrent assets:35,39768,09962,71364,33360,684117,372
Other undisclosed assets9,085,7399,410,5108,955,4149,014,1079,134,9347,998,110
TOTAL ASSETS:9,644,2189,747,4469,354,0329,250,8259,349,3018,261,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt19,83831,36424,71035,22352,36752,569
Off-market lease, unfavorable19,83831,36424,71035,22352,36752,569
Total noncurrent liabilities:19,83831,36424,71035,22352,36752,569
Other undisclosed liabilities5,778,9835,440,2995,342,7695,219,5834,926,0004,360,710
Total liabilities:5,798,8215,471,6635,367,4795,254,8064,978,3674,413,279
Equity
Equity, attributable to parent2,219,8622,562,4142,416,0692,437,0912,712,0722,402,332
Common stock1,6721,7581,7551,7551,7541,702
Additional paid in capital3,392,9553,493,3073,488,8863,487,8873,486,3563,282,316
Accumulated other comprehensive income (loss)115,917187,063(38,774)(148,035)(17,462)53,944
Accumulated deficit(1,290,682)(1,119,714)(1,035,798)(904,516)(758,576)(935,630)
Equity, attributable to noncontrolling interest1,625,5351,713,3691,570,4841,558,9281,658,8621,446,098
Total equity:3,845,3974,275,7833,986,5533,996,0194,370,9343,848,430
TOTAL LIABILITIES AND EQUITY:9,644,2189,747,4469,354,0329,250,8259,349,3018,261,709

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Other undisclosed income before gain (loss) on sale of properties 2,070
Revenues1,020,488993,652918,397891,523936,682881,316
Cost of revenue(361,633)(333,821)(303,401)(324,913)(298,163) 
Gross profit:658,855659,831614,996566,610638,519881,316
Operating expenses(509,185)(418,203)(413,843)(405,349)(395,811)(629,372)
Other operating expense, net
(Other Expenses)
(1,032)(714)(937)(2,947)  
Operating income:148,638240,914200,216158,314242,708251,944
Nonoperating income19,6334,5872,46516,2885001,600
Gain on contract termination 5,2001,3001,2001,0005001,600
Other nonoperating income18,6013,8731,52813,341  
Interest and debt expense(209,468)(150,185)(147,496)(142,872)(143,308)(133,402)
Income (loss) from continuing operations before equity method investments, income taxes:(41,197)95,31655,18531,73099,900120,142
Income (loss) from equity method investments(34,643)1,2249464306,9236,400
Income (loss) from continuing operations:(75,840)96,54056,13132,160106,823126,542
Income before gain (loss) on sale of properties:56,13132,160106,823128,612
Other undisclosed net income    6,393311,875 
Net income (loss):(75,840)96,54056,13138,553418,698128,612
Net income (loss) attributable to noncontrolling interest33,1346059,13611,868(54,985)(12,526)
Net income (loss) attributable to parent:(42,706)97,14565,26750,421363,713116,086
Other undisclosed net loss available to common stockholders, basic(1,191)     
Net income (loss) available to common stockholders, diluted:(43,897)97,14565,26750,421363,713116,086

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(75,840)96,54056,13138,553418,698128,612
Other comprehensive income (loss)(100,031)325,548158,923(183,521)(107,292)15,070
Other undisclosed comprehensive income      
Comprehensive income (loss):(175,871)422,088215,054(144,968)311,406143,682
Comprehensive income (loss), net of tax, attributable to noncontrolling interest62,019(99,106)(40,526)64,816(19,099)(16,751)
Comprehensive income (loss), net of tax, attributable to parent:(113,852)322,982174,528(80,152)292,307126,931

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.

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