American Finance Trust, Inc. (AFIN) financial statements (2020 and earlier)

Company profile

Business Address 405 PARK AVENUE
NEW YORK, NY 10022
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments779110813113175
Cash and cash equivalents779110813113175
Total current assets:779110813113175
Noncurrent Assets
Operating lease, right-of-use asset19
Property, plant and equipment670629608329358358
Intangible assets, net (including goodwill) 272304196245283
Goodwill 22   
Intangible assets, net (excluding goodwill) 271303196245283
Total noncurrent assets:689901912525603641
Other undisclosed assets2,6912,2702,2771,4081,5231,513
TOTAL ASSETS:3,4573,2633,2972,0642,2572,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Due to related parties13311 
Total current liabilities:13311 
Noncurrent Liabilities
Liabilities, other than long-term debt8390109141819
Off-market lease, unfavorable8390109141819
Total noncurrent liabilities:8390109141819
Other undisclosed liabilities1,6871,5601,4441,0651,112944
Total liabilities:1,7711,6531,5561,0801,130964
Stockholders' equity
Stockholders' equity attributable to parent1,6701,6011,7379851,1271,265
Preferred stock0     
Common stock111111
Additional paid in capital2,5672,4132,3931,4501,4291,437
Accumulated other comprehensive income (loss) (1)0  0
Accumulated deficit(898)(812)(658)(465)(303)(173)
Stockholders' equity attributable to noncontrolling interest1685   
Total stockholders' equity:1,6861,6101,7419851,1271,265
TOTAL LIABILITIES AND EQUITY:3,4573,2633,2972,0642,2572,229

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues299291271178174158
Revenue, net270177172158
Operating leases, income statement, lease revenue67256
Cost of revenue
(Cost of Goods and Services Sold)
  (43)(14)(13)(13)
Gross profit:299291228164161145
Operating expenses(255)(295)(273)(178)(141)(135)
Other undisclosed operating income513243141313
Operating income (loss):9428(2)(1)3323
Nonoperating expense(102)(66)(45)(54)(54)(25)
Interest and debt expense(77)(67)(60)(54)(8)(28)
Loss before gain (loss) on sale of properties:(85)(104)(107)(109)(29)(30)
Other undisclosed net income776760   
Net loss:(8)(37)(47)(109)(29)(30)
Net income attributable to noncontrolling interest000   
Other undisclosed net income (loss) attributable to parent(0)  54828
Net loss attributable to parent:(8)(37)(46)(54)(21)(2)
Preferred stock dividends and other adjustments(4)     
Net loss available to common stockholders, basic:(12)(37)(46)(54)(21)(2)
Dilutive securities, effect on basic earnings per share(0)     
Net loss available to common stockholders, diluted:(12)(37)(46)(54)(21)(2)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(8)(37)(47)(109)(29)(30)
Other comprehensive income (loss)(1)(1)0 (0)7
Comprehensive loss:(9)(38)(46)(109)(29)(22)
Comprehensive income, net of tax, attributable to noncontrolling interest000   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)  54828
Comprehensive income (loss), net of tax, attributable to parent:(12)(38)(46)(54)(22)5

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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