CIM REAL ESTATE FINANCE TRUST, INC. (CMRF) financial statements (2022 and earlier)

Company profile

Business Address 2398 EAST CAMELBACK ROAD
PHOENIX, AZ 85016
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 investments107 46611510
Cash and cash equivalents107 46611510
Deferred rent asset61     
Total current assets:169 46611510
Noncurrent Assets
Operating lease, right-of-use asset2 3
Inventory, real estate2     
Property, plant and equipment655 7001,1721,1931,156
Long-term investments and receivables154     
Long-term investments154     
Intangible assets, net (including goodwill)238 182342397409
Intangible assets, net (excluding goodwill)238 182342397409
Total noncurrent assets:1,051 8851,5151,5901,565
Other undisclosed assets5,743 2,3183,0923,1333,049
TOTAL ASSETS:6,963 3,6694,6174,7294,624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt25 21364649
Off-market lease, unfavorable25 21364649
Total noncurrent liabilities:25 21364649
Other undisclosed liabilities4,238 1,6772,5802,5262,308
Total liabilities:4,263 1,6982,6162,5722,358
Temporary equity, carrying amount171 181184186189
Stockholders' equity
Stockholders' equity attributable to parent, including:2,528 1,7901,8171,9702,078
Common stock4 3333
Additional paid in capital3,529 2,6072,6072,6072,607
Accumulated other comprehensive income (loss)3 (4)117(1)
Other undisclosed stockholders' equity attributable to parent(1,009) (816)(805)(647)(532)
Stockholders' equity attributable to noncontrolling interest1     
Total stockholders' equity:2,529 1,7901,8171,9702,078
TOTAL LIABILITIES AND EQUITY:6,963 3,6694,6174,7294,624

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues366 413431424407
Revenue, net424407
Operating lease, lease income295 393
Operating leases, income statement, lease revenue371
Net investment income71 20   
Cost of revenue(180)   (30)(23)
Cost of goods and services sold    (30)(23)
Gross profit:186 413431394384
Operating expenses(93) (305)(302)(271)(258)
Other undisclosed operating income82 18163023
Operating income:175 289135153149
Nonoperating expense
(Other Nonoperating expense)
(88) (106)(98)(91)(80)
Interest and debt expense(89) (99)(98)(91)(79)
Income (loss) from continuing operations before equity method investments, income taxes:(2) 84(61)(28)(10)
Income from equity method investments1     
Income (loss) from continuing operations:(2) 84(61)(28)(10)
Other undisclosed income before gain (loss) on sale of properties    9179
Income (loss) before gain (loss) on sale of properties:(2) 84(61)6369
Gain on sale of properties, net of applicable income taxes    173
Other undisclosed net income88 9998  
Net income:86 183378072
Net loss attributable to noncontrolling interest  (0)(0)(0)(0)
Net income available to common stockholders, diluted:86 183377972

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:86 183378072
Other comprehensive income (loss)5 (15)   
Other undisclosed comprehensive income   484
Comprehensive income:91 168418776
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:91 168418776

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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