Office Properties Income Trust (OPI) financial statements (2021 and earlier)

Company profile

Business Address C/O THE RMR GROUP
NEWTON, MA 02458
State of Incorp. MD
Fiscal Year End December 31
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4294351730914
Cash and cash equivalents4294351730914
Disposal group, including discontinued operation     01
Total current assets:4294351730914
Noncurrent Assets
Operating lease, right-of-use asset0 
Property, plant and equipment831841924627268253254
Long-term investments and receivables   467488491680
Long-term investments   467488491680
Intangible assets, net (including goodwill)5497321,057352125118150
Intangible assets, net (excluding goodwill)5497321,057352125118150
Total noncurrent assets:1,3801,5731,9811,4468808631,084
Other undisclosed assets2,5242,5263,2232,2411,4751,3031,329
TOTAL ASSETS:3,9464,1935,2393,7042,3852,1752,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt11132014111316
Deferred revenue and credits11  
Off-market lease, unfavorable11132014111316
Total noncurrent liabilities:11132014111316
Other undisclosed liabilities2,3262,4743,4402,3391,4391,2051,114
Total liabilities:2,3372,4873,4602,3531,4501,2181,130
Temporary equity, carrying amount   20   
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6091,7061,7791,3309359571,297
Common stock0001111
Additional paid in capital2,6152,6122,6101,9681,4741,4721,458
Accumulated other comprehensive income (loss) (0)06027(15)0
Retained earnings1841771471089638248
Other undisclosed stockholders' equity attributable to parent(1,190)(1,084)(978)(808)(663)(540)(409)
Total stockholders' equity:1,6091,7061,7791,3309359571,297
TOTAL LIABILITIES AND EQUITY:3,9464,1935,2393,7042,3852,1752,428

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 678428317258249251
Revenue, net317258249251
Operating leases, income statement, lease revenue427
Cost of revenue(91)(108)(76)(59)(48)(48)(49)
Cost of goods and services sold   (21)(17)(18)(19)
Gross profit:(91)570352258210201202
Operating expenses(389)(466)(300)(203)(144)(135)(130)
Operating income (loss):(479)1045254676672
Nonoperating income (expense)
(Investment Income, Nonoperating)
11120(42)0
Interest and debt expense(112)(136)(91)(67)(45)(37)(29)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes599631311(215)0
Income (loss) from continuing operations before equity method investments, income taxes:832(25)(10)23(228)42
Income (loss) from equity method investments(1)(1)(2)22361911
Income (loss) from continuing operations before income taxes:731(27)1258(209)53
Income tax expense(0)(1)(0)(0)(0)(0)(0)
Income (loss) from continuing operations:730(28)1258(209)53
Other undisclosed income (loss) before gain (loss) on sale of properties   0(1)  
Income (loss) before gain (loss) on sale of properties:730(28)1258(209)53
Gain on sale of properties, net of applicable income taxes    0  
Net income (loss):730(28)1258(209)53
Other undisclosed net income attributable to parent  6    
Net income (loss) attributable to parent:730(22)1258(209)53
Preferred stock dividends and other adjustments  (0)(0)   
Other undisclosed net income (loss) available to common stockholders, basic     (1)3
Net income (loss) available to common stockholders, diluted:730(22)1258(210)57

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):730(28)1258(209)53
Other comprehensive income (loss)    42(15) 
Comprehensive income (loss):730(28)12100(224)53
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)633 (1)3
Comprehensive income (loss), net of tax, attributable to parent:730(22)46100(225)57

Statements sources

The financial statements are based on the company's filings with the 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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