Alexandria Real Estate Equities, Inc. (ARE) financial statements (2022 and earlier)

Company profile

Business Address 26 NORTH EUCLID AVENUE
PASADENA, CA 91101
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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments361569190234254125125
Cash and cash equivalents361569190234254125125
Restricted cash and investments54295338231629
Total current assets:415598243272277141154
Noncurrent Assets
Operating lease, right-of-use asset474336265
Property, plant and equipment26312315111314
Long-term investments and receivables3833234723811150127
Long-term investments3833234723811150127
Intangible assets, net (including goodwill)610286282150787641
Intangible assets, net (excluding goodwill)610286282150787641
Deferred costs3931221916128
Total noncurrent assets:1,1881,017939422215151191
Other undisclosed assets28,61621,21417,20913,77111,61210,0638,567
TOTAL ASSETS:30,21922,82818,39114,46512,10410,3558,911
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation8,3177,2326,0444,2923,3962,3782,047
Long-term debt, excluding current maturities8,3177,2326,0444,2923,3962,3782,047
Total noncurrent liabilities:8,3177,2326,0444,2923,3962,3782,047
Other undisclosed liabilities2,8692,1522,1802,2782,2252,5942,571
Total liabilities:11,1869,3848,2246,5705,6214,9734,617
Temporary equity, carrying amount10111211121114
Stockholders' equity
Stockholders' equity attributable to parent, including:16,19011,7268,8667,3425,9504,8963,975
Preferred stock     130130
Common stock2111111
Additional paid in capital16,19511,7318,8747,2875,8244,6733,558
Accumulated other comprehensive income (loss)(7)(7)(10)(10)50549
Other undisclosed stockholders' equity attributable to parent   647487237
Stockholders' equity attributable to noncontrolling interest2,8341,7071,288542522475305
Total stockholders' equity:19,02413,43210,1547,8846,4725,3714,280
TOTAL LIABILITIES AND EQUITY:30,21922,82818,39114,46512,10410,3558,911

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2971,9021,5311,3271,128922843
Revenue, net1,128922843
Operating lease, lease income2,0811,8541,466
Cost of revenue(833)(763)(667)(540)(458)(389)(652)
Cost of goods and services sold(624)(530)  (326)(278)(261)
Gross profit:1,4641,139865788670533192
Operating expenses(1,025)(880)(666)(574)(492)(587)(60)
Operating income (loss):439260199213178(53)132
Nonoperating income
(Investment Income, Nonoperating)
259421195137   
Interest and debt expense(209)(232)(221)(159)(132)(110)(106)
Income (loss) from continuing operations before equity method investments, income taxes:48944917219146(164)26
Income (loss) from equity method investments128104415(0)2
Income (loss) from continuing operations before income taxes:50145718223562(164)28
Other undisclosed income from continuing operations    132114118
Income (loss) from continuing operations:501457182235194(50)146
Loss from discontinued operations      (0)
Income (loss) before gain (loss) on sale of properties:501457182235194(50)146
Gain on sale of properties, net of applicable income taxes    00 
Other undisclosed net income153370222167   
Net income (loss):654827404403194(50)146
Net loss attributable to noncontrolling interest(83)(56)(41)(23)(25)(16)(2)
Net income (loss) attributable to parent:571771363379169(66)144
Other undisclosed net loss available to common stockholders, basic  (12)(15)(24)(85)(27)
Net income (loss) available to common stockholders, basic:571771351364145(151)117
Other undisclosed net loss available to common stockholders, diluted(8)(10)     
Net income (loss) available to common stockholders, diluted:563761351364145(151)117

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):654827404403194(50)146
Other comprehensive income (loss)(1)31(11)45(44)50
Comprehensive income (loss):654830405392239(94)196
Comprehensive loss, net of tax, attributable to noncontrolling interest(83)(56)(41)(23)(25)(16)(2)
Comprehensive income (loss), net of tax, attributable to parent:571774364369214(110)194

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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