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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8255,0445,167170,59316,53610,653
Cash and cash equivalents8255,0445,167170,59316,53610,653
Total current assets:8255,0445,167170,59316,53610,653
Noncurrent Assets
Operating lease, right-of-use asset100100100100200 
Property, plant and equipment653,210641,823626,360613,251619,254623,699
Intangible assets, net (including goodwill)136,079163,367181,301189,120197,317222,445
Goodwill53,49171,98082,93782,93782,93798,918
Intangible assets, net (excluding goodwill)82,58891,38798,364106,183114,380123,527
Total noncurrent assets:789,389805,290807,761802,471816,771846,144
Other undisclosed assets3,266,8683,263,4443,281,4213,264,3963,252,2183,328,696
TOTAL ASSETS:4,057,0824,073,7784,094,3494,237,4604,085,5254,185,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt42,92545,82550,33553,49456,94960,694
Off-market lease, unfavorable42,92545,82550,33553,49456,94960,694
Total noncurrent liabilities:42,92545,82550,33553,49456,94960,694
Other undisclosed liabilities2,291,1852,260,8882,246,6802,363,8692,179,3212,327,468
Total liabilities:2,334,1102,306,7132,297,0152,417,3632,236,2702,388,162
Equity
Equity, attributable to parent, including:1,721,4141,765,4961,795,7601,818,5121,847,6671,795,730
Common stock1,2371,2371,2371,2361,2341,234
Additional paid in capital3,716,7423,714,6293,712,6883,710,7673,711,0053,709,234
Accumulated other comprehensive loss(9,418)(6,718)(6,977)(10,266)(8,679)(9,194)
Other undisclosed equity, attributable to parent(1,987,147)(1,943,652)(1,911,188)(1,883,225)(1,855,893)(1,905,544)
Equity, attributable to noncontrolling interest1,5581,5691,5741,5851,5881,601
Total equity:1,722,9721,767,0651,797,3341,820,0971,849,2551,797,331
TOTAL LIABILITIES AND EQUITY:4,057,0824,073,7784,094,3494,237,4604,085,5254,185,493

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues145,331146,986143,072142,367147,208144,100
Operating lease, lease income139,447141,534137,503136,829142,106139,572
Cost of revenue(97,121)(97,997)(94,843)(93,588)(27,529)(59,040)
Cost of goods and services sold(59,085)(59,847)(58,368)(57,791)(59,763)(59,039)
Gross profit:48,21048,98948,22948,779119,67985,060
Operating expenses(49,898)(38,160)(28,612)(29,722)(124,833)(64,820)
Operating income (loss):(1,688)10,82919,61719,057(5,154)20,240
Nonoperating income (expense)(26,339)(27,830)(21,602)(20,421)80,724(16,909)
Interest and debt expense (820)(23,389)(22,077)(20,739)(17,244)
Income (loss) from continuing operations:(28,027)(17,821)(25,374)(23,441)54,831(13,913)
Loss before gain (loss) on sale of properties:(13,913)
Other undisclosed net income 82023,38922,07720,73917,244
Net income (loss):(28,027)(17,001)(1,985)(1,364)75,5703,331
Net loss attributable to noncontrolling interest(3)(1)(3)(3)  
Other undisclosed net loss attributable to parent     (1) 
Net income (loss) available to common stockholders, diluted:(28,030)(17,002)(1,988)(1,367)75,5693,331

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(28,027)(17,001)(1,985)(1,364)75,5703,331
Comprehensive income (loss):(28,027)(17,001)(1,985)(1,364)75,5703,331
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(1)(3)(3)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,700)2593,289(1,587)5142,856
Comprehensive income (loss), net of tax, attributable to parent:(30,730)(16,743)1,301(2,954)76,0846,187

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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