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)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5,167 | 170,593 | 16,536 | 10,653 | 6,397 | 7,211 | |||
Cash and cash equivalents | 5,167 | 170,593 | 16,536 | 10,653 | 6,397 | 7,211 | |||
Total current assets: | 5,167 | 170,593 | 16,536 | 10,653 | 6,397 | 7,211 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 100 | 100 | 200 | 20 | 40 | ||||
Property, plant and equipment | 626,360 | 613,251 | 619,254 | 623,699 | 563,333 | 572,508 | |||
Intangible assets, net (including goodwill) | 181,301 | 189,120 | 197,317 | 222,445 | 177,653 | 185,271 | |||
Goodwill | 82,937 | 82,937 | 82,937 | 98,918 | 98,918 | 98,918 | |||
Intangible assets, net (excluding goodwill) | 98,364 | 106,183 | 114,380 | 123,527 | 78,735 | 86,353 | |||
Total noncurrent assets: | 807,761 | 802,471 | 816,771 | 846,144 | 741,006 | 757,819 | |||
Other undisclosed assets | 3,281,421 | 3,264,396 | 3,252,218 | 3,328,696 | 2,948,151 | 2,934,610 | |||
TOTAL ASSETS: | 4,094,349 | 4,237,460 | 4,085,525 | 4,185,493 | 3,695,554 | 3,699,640 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 50,335 | 53,494 | 56,949 | 60,694 | 32,967 | 36,077 | |||
Off-market lease, unfavorable | 50,335 | 53,494 | 56,949 | 60,694 | 32,967 | 36,077 | |||
Total noncurrent liabilities: | 50,335 | 53,494 | 56,949 | 60,694 | 32,967 | 36,077 | |||
Other undisclosed liabilities | 2,246,680 | 2,363,869 | 2,179,321 | 2,327,468 | 1,846,924 | 1,833,089 | |||
Total liabilities: | 2,297,015 | 2,417,363 | 2,236,270 | 2,388,162 | 1,879,891 | 1,869,166 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 1,795,760 | 1,818,512 | 1,847,667 | 1,795,730 | 1,814,055 | 1,828,851 | |||
Common stock | 1,237 | 1,236 | 1,234 | 1,234 | 1,234 | 1,233 | |||
Additional paid in capital | 3,712,688 | 3,710,767 | 3,711,005 | 3,709,234 | 3,707,833 | 3,706,207 | |||
Accumulated other comprehensive loss | (6,977) | (10,266) | (8,679) | (9,194) | (12,050) | (13,573) | |||
Other undisclosed equity, attributable to parent | (1,911,188) | (1,883,225) | (1,855,893) | (1,905,544) | (1,882,962) | (1,865,016) | |||
Equity, attributable to noncontrolling interest | 1,574 | 1,585 | 1,588 | 1,601 | 1,608 | 1,623 | |||
Total equity: | 1,797,334 | 1,820,097 | 1,849,255 | 1,797,331 | 1,815,663 | 1,830,474 | |||
TOTAL LIABILITIES AND EQUITY: | 4,094,349 | 4,237,460 | 4,085,525 | 4,185,493 | 3,695,554 | 3,699,640 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 143,072 | 142,367 | 147,208 | 144,100 | 136,309 | 136,149 | ||
Operating lease, lease income | 137,503 | 136,829 | 142,106 | 139,572 | 132,151 | 131,912 | ||
Cost of revenue | (94,843) | (93,588) | (27,529) | (59,040) | (53,635) | (104,295) | ||
Cost of goods and services sold | (58,368) | (57,791) | (59,763) | (59,039) | (53,634) | (53,622) | ||
Gross profit: | 48,229 | 48,779 | 119,679 | 85,060 | 82,674 | 31,854 | ||
Operating expenses | (28,612) | (29,722) | (124,833) | (64,820) | (60,878) | (10,689) | ||
Operating income (loss): | 19,617 | 19,057 | (5,154) | 20,240 | 21,796 | 21,165 | ||
Nonoperating income (expense) | (21,602) | (20,421) | 80,724 | (16,909) | (13,831) | 38,799 | ||
Interest and debt expense | (23,389) | (22,077) | (20,739) | (17,244) | (13,775) | (13,898) | ||
Income (loss) from continuing operations: | (25,374) | (23,441) | 54,831 | (13,913) | (5,810) | 46,066 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (13,913) | (5,810) | 46,066 | |
Other undisclosed net income | 23,389 | 22,077 | 20,739 | 17,244 | 13,775 | 13,898 | ||
Net income (loss): | (1,985) | (1,364) | 75,570 | 3,331 | 7,965 | 59,964 | ||
Net income (loss) attributable to noncontrolling interest | (3) | (3) | 1 | |||||
Other undisclosed net loss attributable to parent | (1) | |||||||
Net income (loss) available to common stockholders, diluted: | (1,988) | (1,367) | 75,569 | 3,331 | 7,966 | 59,964 |
Comprehensive Income ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | (1,985) | (1,364) | 75,570 | 3,331 | 7,965 | 59,964 | ||
Comprehensive income (loss): | (1,985) | (1,364) | 75,570 | 3,331 | 7,965 | 59,964 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3) | (3) | 1 | |||||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,289 | (1,587) | 514 | 2,856 | 1,523 | 4,581 | ||
Comprehensive income (loss), net of tax, attributable to parent: | 1,301 | (2,954) | 76,084 | 6,187 | 9,489 | 64,545 |
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.