Pacific Oak Strategic Opportunity REIT, Inc. (PCOK) Financial Statements (2024 and earlier)

Company Profile

Business Address 11766 WILSHIRE BLVD.
LOS ANGELES, CA 90025
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)

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 investments158,084196,268158,238157,931152,385366,512
Cash and cash equivalents97,93184,17260,33576,492152,385366,512
Short-term investments60,153112,09697,90381,439  
Restricted cash and investments61,11321,25913,98412,00210,34210,670
Total current assets:219,197217,527172,222169,933162,727377,182
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization7,2818,0749,258 
Intangible assets, net (including goodwill)5,43613,53416,342   
Goodwill5,43613,53416,342   
Deferred costs   4,7003,1001,300900
Total noncurrent assets:12,71721,60830,3003,1001,300900
Other undisclosed assets1,327,3311,345,4841,529,143868,209840,962723,492
TOTAL ASSETS:1,559,2451,584,6191,731,6651,041,2421,004,9891,101,574
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt  4,0806,4623,1805,0052,843
Off-market lease, unfavorable  4,0806,4623,1805,0052,843
Total noncurrent liabilities:  4,0806,4623,1805,0052,843
Other undisclosed liabilities1,142,8521,080,4251,176,281733,577706,020833,230
Total liabilities:1,142,8521,084,5051,182,743736,757711,025836,073
Commitments and contingencies      3,518
Temporary equity, carrying amount  18,05518,20127,097 1,000
Equity
Equity, attributable to parent412,301471,690506,554276,633291,454259,013
Common stock1,039941979659668521
Additional paid in capital907,044818,440831,295553,170547,770388,800
Accumulated other comprehensive income      25,146
Accumulated deficit(495,782)(347,691)(325,720)(277,196)(256,984)(155,454)
Equity, attributable to noncontrolling interest4,09210,36913,1587552,5101,970
Total equity:416,393482,059519,712277,388293,964260,983
Other undisclosed liabilities and equity   11,009   
TOTAL LIABILITIES AND EQUITY:1,559,2451,584,6191,731,6651,041,2421,004,9891,101,574

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
Revenues162,058167,927114,02593,15895,787140,714
Revenue, net84,955132,400
Operating lease, lease income121,859123,436100,199 
Cost of revenue(176,740)(197,904)(136,657)(125,434)(107,816)(176,594)
Cost of goods and services sold(57,995)(56,531)(43,864)(37,452)(37,635)(53,297)
Gross profit:(14,682)(29,977)(22,632)(32,276)(12,029)(35,880)
Operating expenses(29,952)(30,843)(11,500)(7,456)(7,784)(6,138)
Other undisclosed operating income52,522109,14219,451   
Operating income (loss):7,88848,322(14,681)(39,732)(19,813)(42,018)
Nonoperating income (expense)34,6292,2133,361(10,378)92,619241,742
Investment income, nonoperating5,5919,6586,2732,12082,478257,040
Gain (loss), foreign currency transaction, before tax29,038(7,445)(2,912)(12,498)10,141(15,298)
Interest and debt expense(48,130)(40,510)(29,138)(29,955)(31,547)(37,627)
Income (loss) from continuing operations before equity method investments, income taxes:(5,613)10,025(40,458)(80,065)41,259162,097
Income from equity method investments     4282,073
Other undisclosed income (loss) from continuing operations before income taxes(31,133)(22,523)(8,355)64,816(7,927) 
Income (loss) from continuing operations before income taxes:(36,746)(12,498)(48,813)(15,249)33,760164,170
Income tax expense (benefit)(4,924)  68(436) 
Other undisclosed loss from continuing operations      
Income (loss) from continuing operations:(41,670)(12,498)(48,813)(15,181)33,324164,170
Income (loss) before gain (loss) on sale of properties:(12,498)(48,813)(15,181)33,324164,170
Other undisclosed net income      46,410
Net income (loss):(41,670)(12,498)(48,813)(15,181)33,324210,580
Net income (loss) attributable to noncontrolling interest(530)2,310738(2,101)22264
Other undisclosed net loss attributable to parent(1,042)(767)(933)   
Net income (loss) attributable to parent:(43,242)(10,955)(49,008)(17,282)33,546210,644
Other undisclosed net loss available to common stockholders, basic(1,800)     
Net income (loss) available to common stockholders, diluted:(45,042)(10,955)(49,008)(17,282)33,546210,644

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):(41,670)(12,498)(48,813)(15,181)33,324210,580
Other comprehensive income      25,146
Comprehensive income (loss):(41,670)(12,498)(48,813)(15,181)33,324235,726
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(530)2,310738(2,101)22264
Comprehensive income (loss), net of tax, attributable to parent:(42,200)(10,188)(48,075)(17,282)33,546235,790

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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