Agree Realty Corporation (ADC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments165451333515
Cash and cash equivalents165451333515
Total current assets:165451333515
Noncurrent Assets
Operating lease, right-of-use asset16
Inventory, real estate001000
Property, plant and equipment7361,6481,189943696530399
Intangible assets, net (including goodwill)317257168113804731
Intangible assets, net (excluding goodwill)317257168113804731
Regulated entity, other noncurrent assets   3   
Total noncurrent assets:1,0691,9061,3571,059776578430
Other undisclosed assets1,580698719141118
TOTAL ASSETS:2,6652,0281,4951,112793594463
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    0  
Taxes payable    0  
Total current liabilities:    0  
Noncurrent Liabilities
Other undisclosed liabilities973790583426339238171
Total liabilities:973790583426339238171
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6891,236909683451354290
Common stock0000000
Additional paid in capital1,7531,278936712483388313
Accumulated other comprehensive income (loss)(6)11(1)(3)(2)0
Accumulated deficit     (33)(24)
Other undisclosed stockholders' equity attributable to parent(57)(43)(29)(29)(28)  
Stockholders' equity attributable to noncontrolling interest2233223
Total stockholders' equity:1,6921,238911686454356292
TOTAL LIABILITIES AND EQUITY:2,6652,0281,4951,112793594463

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues18714811792705444
Revenue, net11691705344
Operating lease, lease income194
Operating leases, income statement, lease revenue133
Cost of revenue(37)(28)(27)(19)(19)(5)(3)
Cost of goods and services sold  (4)(2)(2)(2)(1)
Gross profit:1511209073514940
Operating expenses(50)(47)(28)(21)(11)(21)(15)
Operating income:101736252402825
Nonoperating income
(Other Nonoperating income)
 00    
Interest and debt expense(33)(1)(0)(2)(12)(9)(6)
Income from continuing operations before income taxes:68726350281919
Income tax expense (benefit)(1)(1)   0 
Other undisclosed income (loss) from continuing operations   (4)12(1) 
Income before gain (loss) on sale of properties:67726346401919
Other undisclosed net income (loss)13(13)(4)  01
Net income:81595946401920
Net loss attributable to noncontrolling interest(1)    (0)(1)
Other undisclosed net loss attributable to parent (1)(1)(1)(1)  
Net income attributable to parent:80585845391820
Other undisclosed net loss available to common stockholders, basic(0)(0)     
Net income available to common stockholders, diluted:80585845391820

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:81595946401920
Other comprehensive income (loss)(8)023(1)(3)2
Comprehensive income:73596148391622
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 11111(1)
Comprehensive income, net of tax, attributable to parent:72596148391622

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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