Piedmont Office Realty Trust Inc. (PDM) Financial Statements (2024 and earlier)

Company Profile

Business Address 5565 GLENRIDGE CONNECTOR
ATLANTA, GA 30342
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6512 - Operators of Nonresidential Buildings (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
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments82516,5367,4197,33113,5454,571
Cash and cash equivalents82516,5367,4197,33113,5454,571
Total current assets:82516,5367,4197,33113,5454,571
Noncurrent Assets
Operating lease, right-of-use asset100200100200 
Property, plant and equipment653,210619,254573,347541,215536,309523,270
Intangible assets, net (including goodwill)136,079197,317193,298189,512179,897176,594
Goodwill53,49182,93798,91898,91898,91898,918
Intangible assets, net (excluding goodwill)82,588114,38094,38090,59480,97977,676
Total noncurrent assets:789,389816,771766,745730,927716,206699,864
Other undisclosed assets3,266,8683,252,2183,156,5013,001,5522,787,0062,887,994
TOTAL ASSETS:4,057,0824,085,5253,930,6653,739,8103,516,7573,592,429
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt42,92556,94939,34135,44033,72638,108
Liability for uncertainty in income taxes     1,0002,400
Off-market lease, unfavorable42,92556,94939,34135,44032,72635,708
Total noncurrent liabilities:42,92556,94939,34135,44033,72638,108
Other undisclosed liabilities2,291,1852,179,3212,103,9011,806,4091,664,0571,842,181
Total liabilities:2,334,1102,236,2702,143,2421,841,8491,697,7831,880,289
Equity
Equity, attributable to parent, including:1,721,4141,847,6671,785,7941,896,2781,817,2481,710,368
Common stock1,2371,2341,2311,2381,2581,262
Additional paid in capital3,716,7423,711,0053,701,7983,693,9963,686,3983,683,186
Accumulated other comprehensive income (loss)(9,418)(8,679)(18,154)(24,100)9678,462
Other undisclosed equity, attributable to parent(1,987,147)(1,855,893)(1,899,081)(1,774,856)(1,871,375)(1,982,542)
Equity, attributable to noncontrolling interest1,5581,5881,6291,6831,7261,772
Total equity:1,722,9721,849,2551,787,4231,897,9611,818,9741,712,140
TOTAL LIABILITIES AND EQUITY:4,057,0824,085,5253,930,6653,739,8103,516,7573,592,429

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues577,756563,766528,710535,024533,178525,967
Operating leases, income statement, lease revenue411,667
Operating lease, lease income555,313545,741514,619519,953 
Cost of revenue(383,549)(359,674)(210,932)(214,933)(317,395) 
Cost of goods and services sold(235,091)(226,058)(210,932)(214,933)(211,380) 
Gross profit:194,207204,092317,778320,091215,783525,967
Operating expenses(146,392)(146,045)(277,895)(231,333)(123,514)(410,302)
Operating income:47,81558,04739,88388,75892,269115,665
Nonoperating income (expense)(96,192)88,783(41,086)143,927136,98714,626
Other nonoperating income   10,2062,5871,5711,638
Interest and debt expense(820)(65,656)(51,292)(64,326)(400)(400)
Income (loss) from continuing operations before income taxes:(49,197)81,174(52,495)168,359228,856129,891
Income tax expense (benefit)   379(4)  
Other undisclosed income from continuing operations      400
Income (loss) from continuing operations:(49,197)81,174(52,116)168,355228,856130,291
Income (loss) before gain (loss) on sale of properties:(52,116)168,355228,856130,291
Other undisclosed net income82065,65650,94964,330400 
Net income (loss):(48,377)146,830(1,167)232,685229,256130,291
Net income (loss) attributable to noncontrolling interest(10) 14355
Net income (loss) available to common stockholders, diluted:(48,387)146,830(1,153)232,688229,261130,296

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(48,377)146,830(1,167)232,685229,256130,291
Comprehensive income (loss):(48,377)146,830(1,167)232,685229,256130,291
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10) 14355
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(739)9,4755,946(25,067)(7,495)392
Comprehensive income (loss), net of tax, attributable to parent:(49,126)156,3054,793207,621221,766130,688

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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