Brookfield DTLA Fund Office Trust Investor Inc. (DTLAP) Financial Statements (2023 and earlier)

Company Profile

Business Address C/O BROOKFIELD OFFICE PROPERTIES INC.
NEW YORK, NY 10281
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2022
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 investments38,90137,39433,96480,42131,95830,301
Cash and cash equivalents38,90137,39433,96480,42131,95830,301
Deferred costs(15,411)(15,973)(13,034)(16,700)(12,500) 
Total current assets:23,49021,42120,93063,72119,45830,301
Noncurrent Assets
Property, plant and equipment222,555222,555222,555227,555227,555227,555
Intangible assets, net (including goodwill)16,02322,04631,89544,64058,28975,586
Intangible assets, net (excluding goodwill)16,02322,04631,89544,64058,28975,586
Total noncurrent assets:238,578244,601254,450272,195285,844303,141
Other undisclosed assets2,460,4102,550,4342,551,5922,459,7422,442,5132,436,517
TOTAL ASSETS:2,722,4782,816,4562,826,9722,795,6582,747,8152,769,959
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt4,4556,0058,30612,45416,23922,227
Off-market lease, unfavorable4,4556,0058,30612,45416,23922,227
Total noncurrent liabilities:4,4556,0058,30612,45416,23922,227
Other undisclosed liabilities2,335,3152,337,3812,285,2252,208,2362,083,7752,176,635
Total liabilities:2,339,7702,343,3862,293,5312,220,6902,100,0142,198,862
Temporary equity, carrying amount1,116,5121,101,5101,054,2231,015,889990,749829,532
Equity
Equity, attributable to parent(662,558)(524,000)(302,258)(189,333)(62,940)(22,661)
Additional paid in capital203,369202,369197,535195,825194,210194,210
Accumulated other comprehensive loss     (273)(1,607)
Accumulated deficit(865,927)(726,369)(499,793)(385,158)(256,877)(215,264)
Equity, attributable to noncontrolling interest(71,246)(104,440)(216,183)(251,481)(280,008)(235,774)
Other undisclosed equity   (2,341)(107)  
Total equity:(733,804)(628,440)(520,782)(440,921)(342,948)(258,435)
TOTAL LIABILITIES AND EQUITY:2,722,4782,816,4562,826,9722,795,6582,747,8152,769,959

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues283,798285,548317,845315,680306,322310,692
Operating leases, income statement, lease revenue162,203
Revenue, net306,322310,692
Operating lease, lease income257,352256,733276,895
Cost of revenue(186,889)(181,403)(214,821)(214,140)(203,215)(207,488)
Cost of goods and services sold(106,014)(106,995)(10,373)(10,165)(109,649)(99,074)
Gross profit:96,909104,145103,024101,540103,107103,204
Operating expenses(151,217)(166,564)(152,382)(146,197)(140,744)(141,371)
Other operating expense, net
(Other Expenses)
      (4,909)
Operating loss:(54,308)(62,419)(49,358)(44,657)(37,637)(43,076)
Nonoperating income (expense)
(Investment Income, Nonoperating)
796(525)22,697   
Interest and debt expense(84,314)(82,808)(98,875)(105,035)(93,566)(95,075)
Loss from continuing operations before equity method investments, income taxes:(137,826)(145,752)(125,536)(149,692)(131,203)(138,151)
Income (loss) from equity method investments 796(525)    
Loss from continuing operations before income taxes:(137,030)(146,277)(125,536)(149,692)(131,203)(138,151)
Other undisclosed income from continuing operations   98,875105,03593,56699,984
Loss from continuing operations:(137,030)(146,277)(26,661)(44,657)(37,637)(38,167)
Loss before gain (loss) on sale of properties:(137,030)(146,277)(26,661)(44,657)(37,637)(38,167)
Other undisclosed net income83,51883,333    
Net loss:(53,512)(62,944)(26,661)(44,657)(37,637)(38,167)
Net income (loss) attributable to noncontrolling interest    (28,343)45,69941,055
Other undisclosed net loss attributable to parent(67,497)(145,084)(69,426)(36,749)(31,127)(21,725)
Net loss attributable to parent:(121,009)(208,028)(96,087)(109,749)(23,065)(18,837)
Preferred stock dividends and other adjustments      
Other undisclosed net loss available to common stockholders, basic (18,549)(18,548)(18,548)(18,532)(18,548)(18,548)
Net loss available to common stockholders, diluted:(139,558)(226,576)(114,635)(128,281)(41,613)(37,385)

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(53,512)(62,944)(26,661)(44,657)(37,637)(38,167)
Other comprehensive income  2,341    
Other undisclosed comprehensive income (loss)   (2,117)3502,7992,042
Comprehensive loss:(53,512)(60,603)(28,778)(44,307)(34,838)(36,125)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(67,497)(145,084)(69,543)(65,276)13,10718,261
Comprehensive loss, net of tax, attributable to parent:(121,009)(205,687)(98,321)(109,583)(21,731)(17,864)

Statements Sources

The financial statements are based on the Company's filings with 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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