Agree Realty Corporation (ADC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 70 E. LONG LAKE ROAD
BLOOMFIELD HILLS, MI 48034
State of Incorp. DE
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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments436165451333
Cash and cash equivalents436165451333
Total current assets:436165451333
Noncurrent Assets
Operating lease, right-of-use asset614516
Inventory, real estate0000100
Property, plant and equipment1,5591,0957361,6481,189943696
Intangible assets, net (including goodwill)63943831725716811380
Intangible assets, net (excluding goodwill)63943831725716811380
Regulated entity, other noncurrent assets     3 
Total noncurrent assets:2,2601,5771,0691,9061,3571,059776
Other undisclosed assets2,9242,3031,58069871914
TOTAL ASSETS:5,2273,8862,6652,0281,4951,112793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      0
Taxes payable      0
Total current liabilities:      0
Noncurrent Liabilities
Other undisclosed liabilities1,8081,360973790583426339
Total liabilities:1,8081,360973790583426339
Stockholders' equity
Stockholders' equity attributable to parent, including:3,4182,5241,6891,236909683451
Preferred stock175      
Common stock0000000
Additional paid in capital3,3962,6521,7531,278936712483
Accumulated other comprehensive income (loss)(6)(36)(6)11(1)(3)
Other undisclosed stockholders' equity attributable to parent(147)(91)(57)(43)(29)(29)(28)
Stockholders' equity attributable to noncontrolling interest2222332
Total stockholders' equity:3,4192,5261,6921,238911686454
TOTAL LIABILITIES AND EQUITY:5,2273,8862,6652,0281,4951,112793

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3392491871481179270
Revenue, net1169170
Operating lease, lease income353257194
Operating leases, income statement, lease revenue133
Cost of revenue(41)(40)(37)(28)(27)(19)(19)
Gross profit:298209151120907351
Operating expenses(123)(84)(50)(47)(28)(21)(11)
Other undisclosed operating income15      
Operating income:19012510173625240
Nonoperating income (expense)(14)(9) 00  
Operating lease, initial direct cost expense, over term(14)(9) 
Other nonoperating income 0 00  
Interest and debt expense(52)(40)(33)(1)(0)(2)(12)
Income from continuing operations before income taxes:125766872635028
Income tax expense(2)(1)(1)(1)   
Other undisclosed income (loss) from continuing operations     (4)12
Income before gain (loss) on sale of properties:122756772634640
Other undisclosed net income (loss)11713(13)(4)  
Net income:123928159594640
Net loss attributable to noncontrolling interest(1)(1)(1)    
Other undisclosed net loss attributable to parent   (1)(1)(1)(1)
Net income attributable to parent:122918058584539
Preferred stock dividends and other adjustments(2)      
Other undisclosed net loss available to common stockholders, basic (0)(0)(0)   
Net income available to common stockholders, basic:120918058584539
Other undisclosed net loss available to common stockholders, diluted(0)      
Net income available to common stockholders, diluted:120918058584539

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:123928159594640
Other comprehensive income (loss)31(30)(8)023(1)
Comprehensive income:154627359614839
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(1)(1)(1)(1)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent   1111
Comprehensive income, net of tax, attributable to parent:153627259614839

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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