Agree Realty Corporation (ADC) financial statements (2021 and earlier)

Company profile

Business Address 70 E. LONG LAKE ROAD
BLOOMFIELD HILLS, MI 48034
State of Incorp. DE
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 investments61654513335
Cash and cash equivalents61654513335
Total current assets:61654513335
Noncurrent Assets
Operating lease, right-of-use asset4516
Inventory, real estate0001000
Property, plant and equipment1,0957361,6481,189943696530
Intangible assets, net (including goodwill)4383172571681138047
Intangible assets, net (excluding goodwill)4383172571681138047
Regulated entity, other noncurrent assets    3  
Total noncurrent assets:1,5771,0691,9061,3571,059776578
Other undisclosed assets2,3031,5806987191411
TOTAL ASSETS:3,8862,6652,0281,4951,112793594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     0 
Taxes payable     0 
Total current liabilities:     0 
Noncurrent Liabilities
Other undisclosed liabilities1,360973790583426339238
Total liabilities:1,360973790583426339238
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5241,6891,236909683451354
Common stock0000000
Additional paid in capital2,6521,7531,278936712483388
Accumulated other comprehensive income (loss)(36)(6)11(1)(3)(2)
Accumulated deficit      (33)
Other undisclosed stockholders' equity attributable to parent(91)(57)(43)(29)(29)(28) 
Stockholders' equity attributable to noncontrolling interest2223322
Total stockholders' equity:2,5261,6921,238911686454356
TOTAL LIABILITIES AND EQUITY:3,8862,6652,0281,4951,112793594

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
Revenues249187148117927054
Revenue, net116917053
Operating lease, lease income257194
Operating leases, income statement, lease revenue133
Cost of revenue(40)(37)(28)(27)(19)(19)(5)
Cost of goods and services sold   (4)(2)(2)(2)
Gross profit:20915112090735149
Operating expenses(84)(50)(47)(28)(21)(11)(21)
Operating income:1251017362524028
Nonoperating income (expense)(9) 00   
Operating lease, initial direct cost expense, over term(9) 
Other nonoperating income0 00   
Interest and debt expense(40)(33)(1)(0)(2)(12)(9)
Income from continuing operations before income taxes:76687263502819
Income tax expense (benefit)(1)(1)(1)   0
Other undisclosed income (loss) from continuing operations    (4)12(1)
Income before gain (loss) on sale of properties:75677263464019
Other undisclosed net income (loss)1713(13)(4)  0
Net income:92815959464019
Net loss attributable to noncontrolling interest(1)(1)    (0)
Other undisclosed net loss attributable to parent  (1)(1)(1)(1) 
Net income attributable to parent:91805858453918
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)    
Net income available to common stockholders, diluted:91805858453918

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:92815959464019
Other comprehensive income (loss)(30)(8)023(1)(3)
Comprehensive income:62735961483916
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(1)(1)(1)(1)(1)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent  11111
Comprehensive income, net of tax, attributable to parent:62725961483916

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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