Medical Properties Trust Inc. (MPW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1000 URBAN CENTER DRIVE BIRMINGHAM, AL 35242 |
| State of Incorp. | DE |
| 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)
| 6/30/2024 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 investments | 250,016 | 235,668 | 459,227 | 549,884 | 1,462,286 | 820,868 | |||
| Cash and cash equivalents | 250,016 | 235,668 | 459,227 | 549,884 | 1,462,286 | 820,868 | |||
| Total current assets: | 250,016 | 235,668 | 459,227 | 549,884 | 1,462,286 | 820,868 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,683 | 1,734 | ✕ | ||||||
| Operating lease, right-of-use asset | 7,458 | 8,234 | ✕ | ||||||
| Property, plant and equipment | 12,202,377 | 12,467,944 | 12,644,909 | 10,779,846 | 7,480,698 | 4,865,321 | |||
| Long-term investments and receivables | 1,181,025 | 1,123,623 | 926,990 | 520,058 | |||||
| Long-term investments | 1,181,025 | 1,123,623 | 926,990 | 520,058 | |||||
| Intangible assets, net (including goodwill) | (900,000) | (1,200,000) | (1,300,000) | (1,200,000) | (556,700) | (352,500) | |||
| Intangible assets, net (excluding goodwill) | (900,000) | (1,200,000) | (1,300,000) | (1,200,000) | (556,700) | (352,500) | |||
| Total noncurrent assets: | 11,304,060 | 11,269,678 | 12,533,392 | 10,711,703 | 7,850,988 | 5,032,879 | |||
| Other undisclosed assets | 6,750,768 | 8,152,654 | 7,527,182 | 5,567,427 | 5,154,057 | 2,989,896 | |||
| TOTAL ASSETS: | 18,304,844 | 19,658,000 | 20,519,801 | 16,829,014 | 14,467,331 | 8,843,643 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 10,670,979 | 11,063,593 | 12,074,130 | 9,485,157 | 7,439,177 | 4,282,705 | |||
| Total liabilities: | 10,670,979 | 11,063,593 | 12,074,130 | 9,485,157 | 7,439,177 | 4,282,705 | |||
| Equity | |||||||||
| Equity, attributable to parent | 7,631,600 | 8,592,838 | 8,440,188 | 7,338,532 | 7,028,047 | 4,547,108 | |||
| Common stock | 599 | 597 | 597 | 541 | 518 | 371 | |||
| Treasury stock, value | (777) | (777) | (777) | (777) | |||||
| Additional paid in capital | 8,560,309 | 8,535,140 | 8,564,786 | 7,461,503 | 7,008,199 | 4,442,948 | |||
| Accumulated other comprehensive income (loss) | 42,501 | (59,184) | (36,727) | (51,324) | (62,905) | (58,202) | |||
| Retained earnings (accumulated deficit) | (971,809) | 116,285 | (87,691) | (71,411) | 83,012 | 162,768 | |||
| Equity, attributable to noncontrolling interest | 2,265 | 1,569 | 5,483 | 5,325 | 107 | 13,830 | |||
| Total equity: | 7,633,865 | 8,594,407 | 8,445,671 | 7,343,857 | 7,028,154 | 4,560,938 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,304,844 | 19,658,000 | 20,519,801 | 16,829,014 | 14,467,331 | 8,843,643 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 871,799 | 1,542,851 | 1,544,669 | 1,249,238 | 854,197 | 784,522 | ||
| Direct financing lease, revenue | 127,141 | 203,580 | 202,599 | 206,550 | 119,617 | ✕ | ||
| Net investment income | 162,455 | |||||||
| Cost of revenue | (452,738) | (404,733) | (406,491) | (353,618) | (261,822) | (233,428) | ||
| Cost of goods and services sold | (30,139) | (168,212) | (84,172) | |||||
| Provision for loan, lease, and other losses | (10,194) | (99,009) | (41,710) | |||||
| Gross profit: | 419,061 | 1,138,118 | 1,138,178 | 895,620 | 592,375 | 551,094 | ||
| Operating expenses | (748,948) | (493,471) | (466,887) | (395,908) | (248,724) | (213,169) | ||
| Operating income (loss): | (329,887) | 644,647 | 671,291 | 499,712 | 343,651 | 337,925 | ||
| Nonoperating income (expense) | (356,884) | 315,072 | 59,597 | (36,384) | 30,129 | 681,479 | ||
| Other nonoperating income (expense) | 7,586 | 15,344 | 6,288 | (6,782) | (345) | 10,094 | ||
| Interest and debt expense | (411,171) | (359,036) | (367,393) | (328,728) | (237,830) | (223,274) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,097,942) | 600,683 | 363,495 | 134,600 | 135,950 | 796,130 | ||
| Loss from equity method investments | ||||||||
| Other undisclosed income from continuing operations before income taxes | 411,171 | 359,036 | 367,393 | 328,728 | 237,830 | 223,274 | ||
| Income (loss) from continuing operations before income taxes: | (686,771) | 959,719 | 730,888 | 463,328 | 373,780 | 1,019,404 | ||
| Income tax expense (benefit) | 130,679 | (55,900) | (73,948) | (31,056) | 2,621 | (927) | ||
| Income (loss) from continuing operations: | (556,092) | 903,819 | 656,940 | 432,272 | 376,401 | 1,018,477 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 656,940 | 432,272 | 376,401 | 1,018,477 | |
| Net income (loss): | (556,092) | 903,819 | 656,940 | 432,272 | 376,401 | 1,018,477 | ||
| Net loss attributable to noncontrolling interest | (384) | (1,222) | (919) | (822) | (1,717) | (1,792) | ||
| Net income (loss) available to common stockholders, diluted: | (556,476) | 902,597 | 656,021 | 431,450 | 374,684 | 1,016,685 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (556,092) | 903,819 | 656,940 | 432,272 | 376,401 | 1,018,477 | ||
| Other undisclosed comprehensive income (loss) | 101,685 | (22,457) | 14,597 | 11,581 | (4,703) | (32,153) | ||
| Comprehensive income (loss): | (454,407) | 881,362 | 671,537 | 443,853 | 371,698 | 986,324 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (384) | (1,222) | (919) | (822) | (1,717) | (1,792) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (454,791) | 880,140 | 670,618 | 443,031 | 369,981 | 984,532 | ||
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.