American Finance Trust, Inc. (AFIN) financial statements (2021 and earlier)

Company profile

Business Address 650 FIFTH AVE
NEW YORK, NY 10019
State of Incorp. MD
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1038291108131131
Cash and cash equivalents1038291108131131
Receivables21    
Total current assets:1058291108131131
Noncurrent Assets
Operating lease, right-of-use asset1919
Property, plant and equipment723686629608329358
Intangible assets, net (including goodwill)269289272304196245
Goodwill  22  
Intangible assets, net (excluding goodwill)269289271303196245
Total noncurrent assets:1,011993901912525603
Other undisclosed assets2,4922,4142,2702,2771,4081,523
TOTAL ASSETS:3,6083,4903,2633,2972,0642,257
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Due to related parties013311
Total current liabilities:013311
Noncurrent Liabilities
Liabilities, other than long-term debt7984901091418
Off-market lease, unfavorable7984901091418
Total noncurrent liabilities:7984901091418
Other undisclosed liabilities1,8291,7031,5601,4441,0651,112
Total liabilities:1,9081,7881,6531,5561,0801,130
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6691,6831,6011,7379851,127
Preferred stock 0    
Common stock111111
Additional paid in capital2,7242,6152,4132,3931,4501,429
Accumulated other comprehensive income (loss)(0) (1)0  
Accumulated deficit(1,056)(933)(812)(658)(465)(303)
Other undisclosed stockholders' equity attributable to parent0     
Stockholders' equity attributable to noncontrolling interest311985  
Total stockholders' equity:1,7001,7021,6101,7419851,127
TOTAL LIABILITIES AND EQUITY:3,6083,4903,2633,2972,0642,257

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues305300291271178174
Revenue, net270177172
Operating leases, income statement, lease revenue256
Cost of revenue
(Cost of Goods and Services Sold)
   (43)(14)(13)
Gross profit:305300291228164161
Operating expenses(266)(245)(295)(273)(178)(141)
Other undisclosed operating income62432431413
Operating income (loss):467928(2)(1)33
Nonoperating expense(77)(74)(66)(45)(54)(54)
Interest and debt expense(78)(78)(67)(60)(54)(8)
Loss before gain (loss) on sale of properties:(110)(74)(104)(107)(109)(29)
Other undisclosed net income78786760  
Net income (loss):(32)4(37)(47)(109)(29)
Net income (loss) attributable to noncontrolling interest0(0)00  
Other undisclosed net income attributable to parent    548
Net income (loss) attributable to parent:(32)4(37)(46)(54)(21)
Preferred stock dividends and other adjustments(15)(7)    
Net loss available to common stockholders, diluted:(47)(3)(37)(46)(54)(21)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(32)4(37)(47)(109)(29)
Other comprehensive income (loss)  (1)0 (0)
Comprehensive income (loss):(32)4(38)(46)(109)(29)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)00  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15)(7)  548
Comprehensive loss, net of tax, attributable to parent:(47)(3)(38)(46)(54)(22)

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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