Essex Property Trust, Inc. (ESS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1100 PARK PLACE
SAN MATEO, CA 94403
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4359848115161
Cash and cash equivalents3348747013445
Short-term investments0134  
Other undisclosed cash, cash equivalents, and short-term investments 99871717
Total current assets:4359848115161
Noncurrent Assets
Operating lease, right-of-use asset67697275
Property, plant and equipment3,0433,0332,9292,7742,7012,719
Long-term investments and receivables1,1271,1781,0181,3351,3001,156
Long-term investments1,1271,1781,0181,3351,3001,156
Intangible assets, net (including goodwill) 795100
Intangible assets, net (excluding goodwill) 795100
Regulated entity, other noncurrent assets  22345
Total noncurrent assets:4,2454,2904,0264,1884,0063,881
Other undisclosed assets8,0858,6498,8268,4378,2268,554
TOTAL ASSETS:12,37312,99812,93612,70512,38412,496
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,4516,7876,7216,2645,9546,060
Total liabilities:6,4516,7876,7216,2645,9546,060
Temporary equity, carrying amount273532373539
Equity
Equity, attributable to parent, including:5,7165,9946,0006,2206,2676,277
Common stock000000
Additional paid in capital6,7506,9166,8767,1227,0937,130
Accumulated other comprehensive income (loss)46(6)(15)(14)(13)(18)
Other undisclosed equity, attributable to parent(1,080)(917)(861)(888)(813)(834)
Equity, attributable to noncontrolling interest179183183183127119
Total equity:5,8956,1776,1836,4046,3946,397
TOTAL LIABILITIES AND EQUITY:12,37312,99812,93612,70512,38412,496

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,6071,4411,4961,4601,4001,364
Revenue, net1,364
Operating lease, lease income1,5961,4311,4861,451
Cost of revenue(1,047)(1,002)(1,000)(914)(416)(874)
Cost of goods and services sold(283)(265)(263)(243) (259)
Gross profit:560439495546984489
Operating expenses(59)(52)(69)(62)(534)(43)
Other undisclosed operating income (loss)9414365(3)  
Operating income:595530491481450447
Nonoperating income
(Investment Income, Nonoperating)
   218028 
Interest and debt expense(205)(222)(244)(214)(220)(225)
Income from continuing operations before equity method investments, income taxes:390308269347258222
Income from equity method investments26112671128986
Income from continuing operations before income taxes:416420336459347308
Income tax expense (benefit)10(16)(2)(1)  
Other undisclosed income from continuing operations6112265767150
Income from continuing operations:433516599464414458
Income before gain (loss) on sale of properties:516599464414458
Other undisclosed net income      
Net income:433516599464414458
Net loss attributable to noncontrolling interest(25)(27)(30)(25)(23)(25)
Net income available to common stockholders, diluted:408489569439390433

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:433516599464414458
Other comprehensive income (loss) 549(1)(1)814
Other undisclosed comprehensive income      
Comprehensive income:487525598464421472
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(27)(30)(25)(24)(25)
Comprehensive income, net of tax, attributable to parent:460498568438398447

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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