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 investments | 38,901 | 37,394 | 33,964 | 80,421 | 31,958 | 30,301 | |||
| Cash and cash equivalents | 38,901 | 37,394 | 33,964 | 80,421 | 31,958 | 30,301 | |||
| Deferred costs | (15,411) | (15,973) | (13,034) | (16,700) | (12,500) | ||||
| Total current assets: | 23,490 | 21,421 | 20,930 | 63,721 | 19,458 | 30,301 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 222,555 | 222,555 | 222,555 | 227,555 | 227,555 | 227,555 | |||
| Intangible assets, net (including goodwill) | 16,023 | 22,046 | 31,895 | 44,640 | 58,289 | 75,586 | |||
| Intangible assets, net (excluding goodwill) | 16,023 | 22,046 | 31,895 | 44,640 | 58,289 | 75,586 | |||
| Total noncurrent assets: | 238,578 | 244,601 | 254,450 | 272,195 | 285,844 | 303,141 | |||
| Other undisclosed assets | 2,460,410 | 2,550,434 | 2,551,592 | 2,459,742 | 2,442,513 | 2,436,517 | |||
| TOTAL ASSETS: | 2,722,478 | 2,816,456 | 2,826,972 | 2,795,658 | 2,747,815 | 2,769,959 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 4,455 | 6,005 | 8,306 | 12,454 | 16,239 | 22,227 | |||
| Off-market lease, unfavorable | 4,455 | 6,005 | 8,306 | 12,454 | 16,239 | 22,227 | |||
| Total noncurrent liabilities: | 4,455 | 6,005 | 8,306 | 12,454 | 16,239 | 22,227 | |||
| Other undisclosed liabilities | 2,335,315 | 2,337,381 | 2,285,225 | 2,208,236 | 2,083,775 | 2,176,635 | |||
| Total liabilities: | 2,339,770 | 2,343,386 | 2,293,531 | 2,220,690 | 2,100,014 | 2,198,862 | |||
| Temporary equity, carrying amount | 1,116,512 | 1,101,510 | 1,054,223 | 1,015,889 | 990,749 | 829,532 | |||
| Equity | |||||||||
| Equity, attributable to parent | (662,558) | (524,000) | (302,258) | (189,333) | (62,940) | (22,661) | |||
| Additional paid in capital | 203,369 | 202,369 | 197,535 | 195,825 | 194,210 | 194,210 | |||
| 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: | 2,722,478 | 2,816,456 | 2,826,972 | 2,795,658 | 2,747,815 | 2,769,959 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 283,798 | 285,548 | 317,845 | 315,680 | 306,322 | 310,692 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | 162,203 | ✕ | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 306,322 | 310,692 | |
| Operating lease, lease income | 257,352 | 256,733 | 276,895 | ✕ | ✕ | ✕ | ||
| 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: | 96,909 | 104,145 | 103,024 | 101,540 | 103,107 | 103,204 | ||
| 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 | 98,875 | 105,035 | 93,566 | 99,984 | ||||
| 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 income | 83,518 | 83,333 | ||||||
| Net loss: | (53,512) | (62,944) | (26,661) | (44,657) | (37,637) | (38,167) | ||
| Net income (loss) attributable to noncontrolling interest | (28,343) | 45,699 | 41,055 | |||||
| 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) | 350 | 2,799 | 2,042 | ||||
| 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) | 13,107 | 18,261 | ||
| 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.