Washington Prime Group Inc. (WPG) financial statements (2021 and earlier)

Company profile

Business Address 180 EAST BROAD STREET
COLUMBUS, OH 43215
State of Incorp. IN
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9341435259116109
Cash and cash equivalents9341435259116109
Total current assets:9341435259116109
Noncurrent Assets
Property, plant and equipment9079289348999951,087831
Long-term investments and receivables416418433452459488 
Long-term investments416418433452459488 
Total noncurrent assets:1,3231,3461,3671,3511,4541,575831
Other undisclosed assets2,6892,8642,9523,0493,5943,7882,588
TOTAL ASSETS:4,1054,2514,3614,4515,1075,4793,528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 55    1,190
Total current liabilities: 55    1,190
Noncurrent Liabilities
Other undisclosed liabilities3,5013,2863,2103,1813,8344,0661,380
Total liabilities:3,5013,3413,2103,1813,8344,0662,570
Temporary equity, carrying amount3333116 
Stockholders' equity
Stockholders' equity attributable to parent, including:5407961,0001,0991,0931,216789
Common stock00000 0
Additional paid in capital1,2631,2551,2481,2401,2331,226721
Accumulated other comprehensive income (loss)(12)(6)6752 
Retained earnings (accumulated deficit)(913)(655)(457)(351)(347)(214)68
Other undisclosed stockholders' equity attributable to parent203203203203203203 
Stockholders' equity attributable to noncontrolling interest61110149168169191169
Total stockholders' equity:6019071,1481,2671,2631,407958
TOTAL LIABILITIES AND EQUITY:4,1054,2514,3614,4515,1075,4793,528

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues524661723758843922661
Revenue, net734822902653
Operating lease, lease income507634
Operating leases, income statement, lease revenue501
Cost of revenue (154)(148)(5)(5)(164)(233)
Cost of goods and services sold (154)(148)  (164)(133)
Financial services costs(5)(5) (2)
Gross profit:524507575753839758428
Operating expenses(637)(605)(548)(613)(658)(888)(251)
Other undisclosed operating income   55164 
Operating income (loss):(112)(97)2714518534177
Nonoperating income
(Investment Income, Nonoperating)
323825125   
Interest and debt expense(157)(90)(91)(36)(102)(140)(80)
Income (loss) from continuing operations before equity method investments, income taxes:(237)(149)(39)23483(106)98
Income (loss) from equity method investments(15)(1)11(2)(1)1
Income (loss) from continuing operations before income taxes:(252)(150)(38)23582(107)99
Income tax expense (benefit)1(1)(2)(3)(2)(1)(1)
Income (loss) before gain (loss) on sale of properties:(251)(152)(40)23279(108)97
Other undisclosed net income (loss)(11)154148 (2)4108
Net income (loss):(262)310923277(104)205
Net income (loss) attributable to noncontrolling interest422(15)(35)(10)19(35)
Net income (loss) attributable to parent:(220)49419767(85)170
Preferred stock dividends and other adjustments(14)(14)(14)(14)(14)(16) 
Net income (loss) available to common stockholders, basic:(234)(10)8018353(101)170
Other undisclosed net income (loss) available to common stockholders, diluted(42)(2)153410(19)35
Net income (loss) available to common stockholders, diluted:(276)(12)9421763(120)205

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(262)310923277(104)205
Other comprehensive income (loss)(8)(14)(1)242 
Comprehensive income (loss):(270)(11)10723481(102)205
Comprehensive income (loss), net of tax, attributable to noncontrolling interest434(15)(35)(11)19(35)
Comprehensive income (loss), net of tax, attributable to parent:(226)(8)9319970(84)170

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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