American Finance Trust, Inc. (AFIN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2151038291108131
Cash and cash equivalents2151038291108131
Receivables 21   
Total current assets:2151058291108131
Noncurrent Assets
Operating lease, right-of-use asset181919
Property, plant and equipment729723686629608329
Intangible assets, net (including goodwill)236269289272304196
Goodwill   22 
Intangible assets, net (excluding goodwill)236269289271303196
Total noncurrent assets:9831,011993901912525
Other undisclosed assets2,6162,4922,4142,2702,2771,408
TOTAL ASSETS:3,8143,6083,4903,2633,2972,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Due to related parties101331
Total current liabilities:101331
Noncurrent Liabilities
Liabilities, other than long-term debt7879849010914
Off-market lease, unfavorable7879849010914
Total noncurrent liabilities:7879849010914
Other undisclosed liabilities2,0251,8291,7031,5601,4441,065
Total liabilities:2,1041,9081,7881,6531,5561,080
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7001,6691,6831,6011,737985
Preferred stock  0   
Common stock111111
Additional paid in capital2,9162,7242,6152,4132,3931,450
Accumulated other comprehensive income (loss) (0) (1)0 
Accumulated deficit(1,217)(1,056)(933)(812)(658)(465)
Other undisclosed stockholders' equity attributable to parent00    
Stockholders' equity attributable to noncontrolling interest10311985 
Total stockholders' equity:1,7101,7001,7021,6101,741985
TOTAL LIABILITIES AND EQUITY:3,8143,6083,4903,2633,2972,064

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues335305300291271178
Revenue, net270177
Operating leases, income statement, lease revenue256
Cost of revenue
(Cost of Goods and Services Sold)
    (43)(14)
Gross profit:335305300291228164
Operating expenses(294)(266)(245)(295)(273)(178)
Other undisclosed operating income5624324314
Operating income (loss):45467928(2)(1)
Nonoperating expense(86)(77)(74)(66)(45)(54)
Interest and debt expense(82)(78)(78)(67)(60)(54)
Loss before gain (loss) on sale of properties:(122)(110)(74)(104)(107)(109)
Other undisclosed net income8278786760 
Net income (loss):(40)(32)4(37)(47)(109)
Net income (loss) attributable to noncontrolling interest00(0)00 
Other undisclosed net income attributable to parent     54
Net income (loss) attributable to parent:(40)(32)4(37)(46)(54)
Preferred stock dividends and other adjustments(23)(15)(7)   
Net loss available to common stockholders, basic:(63)(47)(3)(37)(46)(54)
Dilutive securities, effect on basic earnings per share(1)     
Net loss available to common stockholders, diluted:(64)(47)(3)(37)(46)(54)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(40)(32)4(37)(47)(109)
Other comprehensive income (loss)0  (1)0 
Comprehensive income (loss):(40)(32)4(38)(46)(109)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(0)00 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(23)(15)(7)  54
Comprehensive loss, net of tax, attributable to parent:(63)(47)(3)(38)(46)(54)

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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