Seritage Growth Properties (SRG) financial statements (2021 and earlier)

Company profile

Business Address 500 FIFTH AVENUE
NEW YORK, NY 10110
State of Incorp.
Fiscal Year End December 31
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments139232326443533582100
Cash and cash equivalents139232326443533582100
Total current assets:139232326443533582100
Noncurrent Assets
Operating lease, right-of-use asset1919  
Property, plant and equipment667673686682697701711
Intangible assets, net (including goodwill)689196101124208251
Intangible assets, net (excluding goodwill)689196101124208251
Total noncurrent assets:754783782784820909963
Other undisclosed assets1,8581,7781,6911,6141,5231,4751,552
TOTAL ASSETS:2,7512,7932,7992,8402,8762,9652,615
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,7071,7141,7031,7171,7261,7141,315
Total liabilities:1,7071,7141,7031,7171,7261,7141,315
Stockholders' equity
Stockholders' equity attributable to parent, including:731753764762781846876
Additional paid in capital1,1501,1461,1441,1241,1251,1241,122
Accumulated deficit(419)(393)(381)(363)(344)(279)(247)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest312326331361370406423
Total stockholders' equity:1,0431,0791,0961,1231,1501,2511,299
TOTAL LIABILITIES AND EQUITY:2,7512,7932,7992,8402,8762,9652,615

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues37484144555749
Operating lease, lease income3840  
Operating leases, income statement, lease revenue3944424136
Cost of revenue(20)(21)(19)(20)(18)(19)(16)
Cost of goods and services sold(11)(11)(9)(10)(9)(6)(7)
Gross profit:16272123373834
Operating expenses(50)(30)(28)(36)(103)(58)(58)
Operating loss:(33)(3)(7)(13)(66)(20)(25)
Interest and debt expense(27)(22)(22)(23)(25)(31)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes7      
Loss from continuing operations before equity method investments, income taxes:(53)(25)(30)(36)(91)(51)(43)
Income (loss) from equity method investments(4)(6)(10)1(3)(2)(2)
Other undisclosed income from continuing operations before income taxes2014142410210
Income (loss) from continuing operations before income taxes:(37)(17)(26)(11)8(52)(45)
Income tax expense (benefit)(0)0(0)00(0)(0)
Income (loss) before gain (loss) on sale of properties:(37)(16)(26)(11)8(52)(45)
Gain (loss) on sale of properties, net of applicable income taxes    (93)1734
Net loss:(37)(16)(26)(11)(86)(35)(11)
Net income attributable to noncontrolling interest1369431134
Net loss attributable to parent:(25)(11)(17)(7)(55)(22)(7)
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)(1)
Net loss available to common stockholders, diluted:(26)(12)(18)(8)(56)(23)(8)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net loss:(37)(16)(26)(11)(86)(35)(11)
Comprehensive loss:(37)(16)(26)(11)(86)(35)(11)
Comprehensive income, net of tax, attributable to noncontrolling interest1369431134
Comprehensive loss, net of tax, attributable to parent:(25)(11)(17)(7)(55)(22)(7)

Statements sources

The financial statements are based on the company's filings with the 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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