Phillips Edison & Company, Inc. (PECO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
11501 NORTHLAKE DRIVE CINCINNATI, OH 45249 |
| 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)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,777 | 5,564 | 6,405 | 5,478 | 4,789 | 24,657 | |||
| Cash and cash equivalents | 3,777 | 5,564 | 6,405 | 5,478 | 4,789 | 24,657 | |||
| Deferred costs | 40,069 | 40,233 | 40,739 | 40,931 | 44,885 | 44,653 | |||
| Total current assets: | 43,846 | 45,797 | 47,144 | 46,409 | 49,674 | 69,310 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,714,136 | 1,703,349 | 1,701,404 | 1,674,133 | 1,656,666 | 1,623,203 | |||
| Long-term investments and receivables | 6,891 | 9,901 | 9,800 | 9,800 | 3,000 | 3,000 | |||
| Long-term investments | 6,891 | 9,901 | 9,800 | 9,800 | 3,000 | 3,000 | |||
| Intangible assets, net (including goodwill) | 29,066 | 29,066 | 29,066 | 572,527 | 29,066 | 29,066 | |||
| Goodwill | 29,066 | 29,066 | 29,066 | 29,066 | 29,066 | 29,066 | |||
| Intangible assets, net (excluding goodwill) | 543,461 | ||||||||
| Regulated entity, other noncurrent assets | 11,213 | 6,866 | 7,486 | 7,963 | 8,575 | 9,187 | |||
| Total noncurrent assets: | 1,761,306 | 1,749,182 | 1,747,756 | 2,264,423 | 1,697,307 | 1,664,456 | |||
| Other undisclosed assets | 2,913,309 | 2,946,032 | 2,992,014 | 2,424,660 | 2,983,432 | 2,960,846 | |||
| TOTAL ASSETS: | 4,718,461 | 4,741,011 | 4,786,914 | 4,735,492 | 4,730,413 | 4,694,612 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Derivative instruments and hedges, liabilities | 52 | ||||||||
| Total current liabilities: | 52 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,110,969 | 2,179,263 | 2,213,973 | 2,138,059 | 2,115,506 | 2,099,915 | |||
| Total liabilities: | 2,110,969 | 2,179,263 | 2,213,973 | 2,138,059 | 2,115,506 | 2,099,967 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,256,643 | 2,205,283 | 2,212,647 | 2,236,487 | 2,253,594 | 2,222,223 | |||
| Common stock | 1,195 | 1,174 | 1,172 | ||||||
| Additional paid in capital | 3,461,981 | 3,387,764 | 3,382,368 | 3,383,978 | 3,381,638 | 3,341,646 | |||
| Accumulated other comprehensive income | 19,846 | 21,059 | 15,181 | 21,003 | 21,123 | 8,571 | |||
| Accumulated deficit | (1,226,379) | (1,204,714) | (1,186,074) | (1,169,665) | (1,150,337) | (1,129,151) | |||
| Other undisclosed equity, attributable to parent | 1,171 | 1,170 | 1,157 | ||||||
| Equity, attributable to noncontrolling interest | 350,849 | 356,465 | 360,294 | 360,946 | 361,313 | 372,422 | |||
| Total equity: | 2,607,492 | 2,561,748 | 2,572,941 | 2,597,433 | 2,614,907 | 2,594,645 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,718,461 | 4,741,011 | 4,786,914 | 4,735,492 | 4,730,413 | 4,694,612 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 152,474 | 152,137 | 151,064 | 145,039 | 145,654 | 142,516 | ||
| Operating lease, lease income | 147,728 | 141,703 | 142,857 | 137,230 | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (57,953) | (57,266) | ||||||
| Gross profit: | 152,474 | 152,137 | 93,111 | 87,773 | 145,654 | 142,516 | ||
| Operating expenses | (112,393) | (114,424) | (113,149) | (111,979) | (111,986) | (111,470) | ||
| Operating income (loss): | 40,081 | 37,713 | (20,038) | (24,206) | 33,668 | 31,046 | ||
| Nonoperating expense (Other Nonoperating expense) | (4,883) | (904) | (755) | (2,422) | (3,916) | (1,457) | ||
| Interest and debt expense | (21,522) | (20,675) | (19,466) | (18,301) | (17,569) | (17,127) | ||
| Income (loss) from continuing operations: | 13,676 | 16,134 | (40,259) | (44,929) | 12,183 | 12,462 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 12,183 | 12,462 | |
| Other undisclosed net income (loss) | 53 | 75 | 58,895 | 60,632 | (10) | 2,793 | ||
| Net income: | 13,729 | 16,209 | 18,636 | 15,703 | 12,173 | 15,255 | ||
| Net loss attributable to noncontrolling interest | (1,484) | (1,758) | (2,017) | (2,025) | (1,135) | (1,727) | ||
| Net income available to common stockholders, diluted: | 12,245 | 14,451 | 16,619 | 13,678 | 11,038 | 13,528 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 13,729 | 16,209 | 18,636 | 15,703 | 12,173 | 15,255 | ||
| Other undisclosed comprehensive income (loss) | (1,424) | 6,562 | (6,499) | (130) | 14,008 | 9,834 | ||
| Comprehensive income: | 12,305 | 22,771 | 12,137 | 15,573 | 26,181 | 25,089 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1,484) | (1,758) | (2,017) | (2,025) | (1,135) | (1,727) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 211 | (684) | 677 | 10 | (1,456) | (1,103) | ||
| Comprehensive income, net of tax, attributable to parent: | 11,032 | 20,329 | 10,797 | 13,558 | 23,590 | 22,259 | ||
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.