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)

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 investments235,668459,227549,8841,462,286820,868171,472
Cash and cash equivalents235,668459,227549,8841,462,286820,868171,472
Total current assets:235,668459,227549,8841,462,286820,868171,472
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,734   
Operating lease, right-of-use asset  7,4588,234 
Property, plant and equipment 12,467,94412,644,90910,779,8467,480,6984,865,3215,354,471
Long-term investments and receivables  1,181,0251,123,623926,990520,058288,398
Long-term investments  1,181,0251,123,623926,990520,058288,398
Intangible assets, net (including goodwill) (1,200,000)(1,300,000)(1,200,000)(556,700)(352,500) 
Intangible assets, net (excluding goodwill) (1,200,000)(1,300,000)(1,200,000)(556,700)(352,500) 
Total noncurrent assets: 11,269,67812,533,39210,711,7037,850,9885,032,8795,642,869
Other undisclosed assets8,152,6547,527,1825,567,4275,154,0572,989,8963,205,947
TOTAL ASSETS:19,658,00020,519,80116,829,01414,467,3318,843,6439,020,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities11,063,59312,074,1309,485,1577,439,1774,282,7055,185,083
Total liabilities:11,063,59312,074,1309,485,1577,439,1774,282,7055,185,083
Equity
Equity, attributable to parent8,592,8388,440,1887,338,5327,028,0474,547,1083,820,633
Common stock597597541518371364
Treasury stock, value  (777)(777)(777)(777)(777)
Additional paid in capital8,535,1408,564,7867,461,5037,008,1994,442,9484,333,027
Accumulated other comprehensive loss(59,184)(36,727)(51,324)(62,905)(58,202)(26,049)
Retained earnings (accumulated deficit)116,285(87,691)(71,411)83,012162,768(485,932)
Equity, attributable to noncontrolling interest1,5695,4835,32510713,83014,572
Total equity:8,594,4078,445,6717,343,8577,028,1544,560,9383,835,205
TOTAL LIABILITIES AND EQUITY:19,658,00020,519,80116,829,01414,467,3318,843,6439,020,288

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,542,8511,544,6691,249,238854,197784,522704,745
Direct financing lease, revenue203,580202,599206,550119,617
Net investment income     162,455129,000
Cost of revenue(404,733)(406,491)(353,618)(261,822)(233,428)(35,456)
Cost of goods and services sold   (30,139)(168,212)(84,172)(5,811)
Provision for loan, lease, and other losses(99,009)(41,710)   
Gross profit:1,138,1181,138,178895,620592,375551,094669,289
Operating expenses(493,471)(466,887)(395,908)(248,724)(213,169)(183,705)
Operating income:644,647671,291499,712343,651337,925485,584
Nonoperating income (expense)315,07259,597(36,384)30,129681,479(194,346)
Other nonoperating income (expense)15,3446,288(6,782)(345)10,094374
Interest and debt expense(359,036)(367,393)(328,728)(237,830)(223,274)(176,954)
Income (loss) from continuing operations before equity method investments, income taxes:600,683363,495134,600135,950796,130114,284
Other undisclosed income from continuing operations before income taxes359,036367,393328,728237,830223,274179,635
Income (loss) from continuing operations before income taxes:959,719730,888463,328373,7801,019,404293,919
Income tax expense (benefit)(55,900)(73,948)(31,056)2,621(927)(2,681)
Income (loss) from continuing operations:903,819656,940432,272376,4011,018,477291,238
Income before gain (loss) on sale of properties:656,940432,272376,4011,018,477291,238
Net income (loss):903,819656,940432,272376,4011,018,477291,238
Net loss attributable to noncontrolling interest(1,222)(919)(822)(1,717)(1,792)(1,445)
Net income (loss) available to common stockholders, diluted:902,597656,021431,450374,6841,016,685289,793

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):903,819656,940432,272376,4011,018,477291,238
Other undisclosed comprehensive income (loss)(22,457)14,59711,581(4,703)(32,153)66,854
Comprehensive income:881,362671,537443,853371,698986,324358,092
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,222)(919)(822)(1,717)(1,792)(1,445)
Comprehensive income, net of tax, attributable to parent:880,140670,618443,031369,981984,532356,647

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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