Broadstone Net Lease, Inc. (BNL) financial statements (2022 and earlier)
Company profile
| Business Address |
800 CLINTON SQUARE ROCHESTER, NY 14604 |
| State of Incorp. | |
| 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 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 22 | 100 | 12 | 19 | 9 | ||
| Cash and cash equivalents | 22 | 100 | 12 | 19 | 9 | ||
| Total current assets: | 22 | 100 | 12 | 19 | 9 | ||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 3 | 3 | ✕ | ✕ | |||
| Property, plant and equipment | 2,849 | 2,335 | |||||
| Long-term investments and receivables | 10 | ||||||
| Long-term investments | 10 | ||||||
| Intangible assets, net (including goodwill) | 643 | 631 | 332 | 286 | 243 | ||
| Goodwill | 340 | 340 | |||||
| Intangible assets, net (excluding goodwill) | 304 | 291 | 332 | 286 | 243 | ||
| Total noncurrent assets: | 647 | 634 | 332 | 3,135 | 2,587 | ||
| Other undisclosed assets | 3,950 | 3,524 | 3,574 | (57) | (18) | ||
| TOTAL ASSETS: | 4,619 | 4,258 | 3,918 | 3,097 | 2,579 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 46 | ||||||
| Interest and dividends payable | 46 | ||||||
| Deferred rent credit | 2 | ✕ | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 9 | ||
| Total current liabilities: | 46 | 2 | 9 | ||||
| Noncurrent Liabilities | |||||||
| Other undisclosed liabilities | 1,832 | 1,778 | 2,139 | 1,568 | 1,286 | ||
| Total liabilities: | 1,878 | 1,779 | 2,139 | 1,568 | 1,295 | ||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent, including: | 2,577 | 2,299 | 1,668 | 1,417 | 1,187 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | ||
| Common stock, share subscribed but unissued, subscriptions receivable | (0) | ||||||
| Additional paid in capital | 2,924 | 2,625 | 1,896 | 1,557 | 1,302 | ||
| Accumulated other comprehensive income (loss) | (28) | (66) | (20) | 15 | 5 | ||
| Other undisclosed stockholders' equity attributable to parent | (318) | (260) | (208) | (155) | (120) | ||
| Stockholders' equity attributable to noncontrolling interest | 164 | 180 | 111 | 112 | 97 | ||
| Total stockholders' equity: | 2,741 | 2,479 | 1,779 | 1,529 | 1,284 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,619 | 4,258 | 3,918 | 3,097 | 2,579 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues | 383 | 322 | 299 | 237 | 182 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 177 | |
| Operating lease, lease income | 280 | ✕ | ✕ | |||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 222 | ✕ | |
| Cost of revenue | (46) | (66) | (27) | |||
| Cost of goods and services sold | (66) | (20) | ||||
| Gross profit: | 383 | 322 | 253 | 171 | 155 | |
| Operating expenses | (225) | (201) | (118) | (70) | ||
| Operating income: | 158 | 121 | 135 | 171 | 85 | |
| Nonoperating income (expense) | (0) | 0 | 0 | 1 | 2 | |
| Investment income, nonoperating | 0 | 0 | 0 | 1 | 2 | |
| Other nonoperating expense | (0) | (0) | ||||
| Interest and debt expense | (65) | (77) | (74) | (53) | (40) | |
| Income before gain (loss) on sale of properties: | 94 | 44 | 61 | 119 | 47 | |
| Other undisclosed net income (loss) | 16 | 12 | 24 | (44) | 13 | |
| Net income: | 110 | 56 | 85 | 75 | 60 | |
| Net loss attributable to noncontrolling interest | (7) | (5) | (6) | (6) | (5) | |
| Net income attributable to parent: | 102 | 51 | 79 | 69 | 55 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | ||||
| Net income available to common stockholders, basic: | 102 | 51 | 79 | 69 | 55 | |
| Other undisclosed net income available to common stockholders, diluted | 7 | 5 | ||||
| Net income available to common stockholders, diluted: | 109 | 56 | 79 | 69 | 55 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income: | 110 | 56 | 85 | 75 | 60 | |
| Other undisclosed comprehensive income (loss) | 40 | (51) | (38) | 11 | 3 | |
| Comprehensive income: | 150 | 6 | 48 | 86 | 63 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (10) | (1) | (3) | (7) | (5) | |
| Comprehensive income, net of tax, attributable to parent: | 140 | 5 | 45 | 79 | 58 | |
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.