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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,28642,20923,75520,63823,28219,300
Cash and cash equivalents32,28642,20923,75520,63823,28219,300
Deferred costs600600(2,500)(2,000)(1,900)(1,400)
Total current assets:32,88642,80921,25518,63821,38217,900
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9,0009,0009,0009,0009,0009,000
Operating lease, right-of-use asset9,90010,20010,40010,6009,6009,800
Property, plant and equipment227,203229,105236,966238,225243,726250,724
Long-term investments and receivables14,12414,72515,27915,82416,54417,283
Long-term investments14,12414,72515,27915,82416,54417,283
Intangible assets, net (including goodwill)144,304161,885182,629202,832223,528247,722
Intangible assets, net (excluding goodwill)144,304161,885182,629202,832223,528247,722
Total noncurrent assets:404,531424,915454,274476,481502,398534,529
Other undisclosed assets1,066,9741,060,1831,071,3431,075,9541,097,7741,161,491
TOTAL ASSETS:1,504,3911,527,9071,546,8721,571,0731,621,5541,713,920
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities595,123590,183586,925595,215620,870656,193
Total liabilities:595,123590,183586,925595,215620,870656,193
Equity
Equity, attributable to parent907,841936,309958,547974,469999,2721,056,333
Common stock565757575757
Additional paid in capital1,143,8251,148,1551,147,4661,147,0141,146,4311,145,987
Accumulated other comprehensive income (loss)9863,0264,5406,3087,0575,851
Accumulated deficit(237,026)(214,929)(193,516)(178,910)(154,273)(95,562)
Equity, attributable to noncontrolling interest1,4271,4151,4001,3891,4121,394
Total equity:909,268937,724959,947975,8581,000,6841,057,727
TOTAL LIABILITIES AND EQUITY:1,504,3911,527,9071,546,8721,571,0731,621,5541,713,920

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues49,07652,02450,19050,29451,76952,849
Cost of revenue(42,520)(43,514)(43,015)7,645(47,190)(48,692)
Cost of goods and services sold(15,506)(15,487)(15,344)(15,746)(15,303)(15,156)
Gross profit:6,5568,5107,17557,9394,5794,157
Operating expenses(15,870)(16,384)(8,663)(70,787)(50,473)(11,690)
Operating loss:(9,314)(7,874)(1,488)(12,848)(45,894)(7,533)
Nonoperating expense(7,033)(7,656)(7,226)(6,427)(6,971)(7,873)
Interest and debt expense  (504)    
Loss from continuing operations before equity method investments, income taxes:(16,347)(16,034)(8,714)(19,275)(52,865)(15,406)
Other undisclosed income from continuing operations before income taxes  504    
Loss from continuing operations before income taxes:(16,347)(15,530)(8,714)(19,275)(52,865)(15,406)
Income tax expense (benefit)(160)(185)(160)282(164)(164)
Loss from continuing operations:(16,507)(15,715)(8,874)(18,993)(53,029)(15,570)
Loss before gain (loss) on sale of properties:(53,029)(15,570)
Net loss:(16,507)(15,715)(8,874)(18,993)(53,029)(15,570)
Net income (loss) attributable to noncontrolling interest(12)(15)(11)23(18)(1)
Net loss available to common stockholders, diluted:(16,519)(15,730)(8,885)(18,970)(53,047)(15,571)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net loss:(16,507)(15,715)(8,874)(18,993)(53,029)(15,570)
Other comprehensive income (loss)(2,040)(1,514)(1,768)(749)1,2061,495
Comprehensive loss:(18,547)(17,229)(10,642)(19,742)(51,823)(14,075)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(12)(15)(11)23(18)(1)
Comprehensive loss, net of tax, attributable to parent:(18,559)(17,244)(10,653)(19,719)(51,841)(14,076)

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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