Orion Office REIT Inc. (ONL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2398 E. CAMELBACK ROAD, SUITE 1060 PHOENIX, AZ 85016 |
| 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 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 22,473 | 20,638 | 29,318 | |||
| Cash and cash equivalents | 22,473 | 20,638 | 29,318 | |||
| Deferred costs | 600 | (2,000) | (300) | |||
| Total current assets: | 23,073 | 18,638 | 29,018 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 9,000 | 9,000 | 13,800 | |||
| Operating lease, right-of-use asset | 10,900 | 10,600 | 10,200 | |||
| Property, plant and equipment | 223,264 | 238,225 | 250,194 | |||
| Long-term investments and receivables | 13,549 | 15,824 | 18,631 | |||
| Long-term investments | 13,549 | 15,824 | 18,631 | |||
| Intangible assets, net (including goodwill) | 126,364 | 202,832 | 298,107 | |||
| Intangible assets, net (excluding goodwill) | 126,364 | 202,832 | 298,107 | |||
| Total noncurrent assets: | 383,077 | 476,481 | 590,932 | |||
| Other undisclosed assets | 1,017,783 | 1,075,954 | 1,139,528 | |||
| TOTAL ASSETS: | 1,423,933 | 1,571,073 | 1,759,478 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Noncurrent Liabilities | ||||||
| Other undisclosed liabilities | 536,930 | 595,215 | 671,190 | |||
| Total liabilities: | 536,930 | 595,215 | 671,190 | |||
| Equity | ||||||
| Equity, attributable to parent | 885,623 | 974,469 | 1,086,919 | |||
| Common stock | 56 | 57 | 57 | |||
| Additional paid in capital | 1,144,636 | 1,147,014 | 1,145,278 | |||
| Accumulated other comprehensive income (loss) | (264) | 6,308 | 299 | |||
| Accumulated deficit | (258,805) | (178,910) | (58,715) | |||
| Equity, attributable to noncontrolling interest | 1,380 | 1,389 | 1,369 | |||
| Total equity: | 887,003 | 975,858 | 1,088,288 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,423,933 | 1,571,073 | 1,759,478 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 195,041 | 208,118 | 79,731 | ||
| Operating lease, lease income | |||||
| Cost of revenue | (170,398) | (194,525) | (65,242) | ||
| Cost of goods and services sold | (60,783) | (61,519) | (13,411) | ||
| Gross profit: | 24,643 | 13,593 | 14,489 | ||
| Operating expenses | (51,832) | (82,267) | (53,691) | ||
| Operating loss: | (27,189) | (68,674) | (39,202) | ||
| Nonoperating expense | (29,666) | (28,588) | (8,105) | ||
| Interest and debt expense | (504) | (468) | (3,782) | ||
| Loss from continuing operations before equity method investments, income taxes: | (57,359) | (97,730) | (51,089) | ||
| Other undisclosed income from continuing operations before income taxes | 504 | 468 | 3,782 | ||
| Loss from continuing operations before income taxes: | (56,855) | (97,262) | (47,307) | ||
| Income tax expense | (456) | (212) | (157) | ||
| Loss from continuing operations: | (57,311) | (97,474) | (47,464) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (47,464) | |
| Net loss: | (57,311) | (97,474) | (47,464) | ||
| Net income (loss) attributable to noncontrolling interest | 9 | (20) | (17) | ||
| Net loss available to common stockholders, diluted: | (57,302) | (97,494) | (47,481) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (57,311) | (97,474) | (47,464) | ||
| Other comprehensive income (loss) | (6,572) | 6,009 | 299 | ||
| Comprehensive loss: | (63,883) | (91,465) | (47,165) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 9 | (20) | (17) | ||
| Comprehensive loss, net of tax, attributable to parent: | (63,874) | (91,485) | (47,182) | ||
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.