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)

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 investments5,167170,59316,53610,6536,3977,211
Cash and cash equivalents5,167170,59316,53610,6536,3977,211
Total current assets:5,167170,59316,53610,6536,3977,211
Noncurrent Assets
Operating lease, right-of-use asset100100200 2040
Property, plant and equipment626,360613,251619,254623,699563,333572,508
Intangible assets, net (including goodwill)181,301189,120197,317222,445177,653185,271
Goodwill82,93782,93782,93798,91898,91898,918
Intangible assets, net (excluding goodwill)98,364106,183114,380123,52778,73586,353
Total noncurrent assets:807,761802,471816,771846,144741,006757,819
Other undisclosed assets3,281,4213,264,3963,252,2183,328,6962,948,1512,934,610
TOTAL ASSETS:4,094,3494,237,4604,085,5254,185,4933,695,5543,699,640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt50,33553,49456,94960,69432,96736,077
Off-market lease, unfavorable50,33553,49456,94960,69432,96736,077
Total noncurrent liabilities:50,33553,49456,94960,69432,96736,077
Other undisclosed liabilities2,246,6802,363,8692,179,3212,327,4681,846,9241,833,089
Total liabilities:2,297,0152,417,3632,236,2702,388,1621,879,8911,869,166
Equity
Equity, attributable to parent, including:1,795,7601,818,5121,847,6671,795,7301,814,0551,828,851
Common stock1,2371,2361,2341,2341,2341,233
Additional paid in capital3,712,6883,710,7673,711,0053,709,2343,707,8333,706,207
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 interest1,5741,5851,5881,6011,6081,623
Total equity:1,797,3341,820,0971,849,2551,797,3311,815,6631,830,474
TOTAL LIABILITIES AND EQUITY:4,094,3494,237,4604,085,5254,185,4933,695,5543,699,640

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

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
Revenues143,072142,367147,208144,100136,309136,149
Operating lease, lease income137,503136,829142,106139,572132,151131,912
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:48,22948,779119,67985,06082,67431,854
Operating expenses(28,612)(29,722)(124,833)(64,820)(60,878)(10,689)
Operating income (loss):19,61719,057(5,154)20,24021,79621,165
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 income23,38922,07720,73917,24413,77513,898
Net income (loss):(1,985)(1,364)75,5703,3317,96559,964
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)75,5693,3317,96659,964

Comprehensive Income ($ in thousands)

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)75,5703,3317,96559,964
Comprehensive income (loss):(1,985)(1,364)75,5703,3317,96559,964
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)  1 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,289(1,587)5142,8561,5234,581
Comprehensive income (loss), net of tax, attributable to parent:1,301(2,954)76,0846,1879,48964,545

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.

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