Essex Property Trust, Inc. (ESS) financial statements (2020 and earlier)

Company profile

Business Address 1100 PARK PLACE
SAN MATEO, CA 94403
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:79151611701235442
Cash and cash equivalents741344565301819
Short-term investments5      
Other undisclosed cash, cash equivalents, and short-term investments 1717105933524
Total current assets:79151611701235442
Noncurrent Assets
Operating lease, right-of-use asset75
Property, plant and equipment2,7662,7012,7192,5602,5231,0841,003
Long-term investments and receivables1,4141,3001,1561,1611,036677571
Long-term investments1,4141,3001,1561,1611,036677571
Intangible assets, net (including goodwill) 0013
Intangible assets, net (excluding goodwill) 0013  
Regulated entity, other noncurrent assets 4578  
Total noncurrent assets:4,2564,0063,8813,7303,5701,7611,575
Other undisclosed assets8,6638,2268,5548,3178,3123,3723,231
TOTAL ASSETS:12,99812,38412,49612,21712,0055,1874,847
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4  53  
Total current liabilities:4  53  
Noncurrent Liabilities
Other undisclosed liabilities6,5405,9546,0605,8765,6203,1842,963
Total liabilities:6,5445,9546,0605,8805,6233,1842,963
Temporary equity, carrying amount393539454544
Stockholders' equity
Stockholders' equity attributable to parent, including:6,2256,2676,2776,1926,2381,8851,765
Preferred stock    747474
Common stock0000000
Additional paid in capital7,1327,0937,1307,0307,0032,3462,205
Accumulated other comprehensive loss(19)(13)(18)(32)(42)(60)(69)
Other undisclosed stockholders' equity attributable to parent(888)(813)(834)(805)(797)(474)(444)
Stockholders' equity attributable to noncontrolling interest19012711910099114115
Total stockholders' equity:6,4156,3946,3976,2926,3371,9981,880
TOTAL LIABILITIES AND EQUITY:12,99812,38412,49612,21712,0055,1874,847

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
12/31/2012
Revenues1,4381,4001,3641,2941,194624554
Revenue, net1,3641,2941,194614543
Cost of revenue(667)(416)(874)(831)(819)(400)(339)
Cost of goods and services sold  (259)(250)(235)(350)(314)
Gross profit:771984489463375224215
Operating expenses(297)(534)(43)(43)(44)(25)(36)
Other undisclosed operating loss     (11)(11)
Operating income:474450447421331189169
Nonoperating income
(Investment Income, Nonoperating)
2828   81
Interest and debt expense(210)(220)(225)(1)(6)(105)(105)
Income from continuing operations before equity method investments, income taxes:2922582224203259264
Income from equity method investments79898649225642
Income from continuing operations before income taxes:372347308469347148106
Income tax expense(1)      
Other undisclosed income (loss) from continuing operations6767150(30)(99)(7)23
Income before gain (loss) on sale of properties:437414458438248141130
Other undisclosed net income17    3110
Net income:454414458438248172140
Net loss attributable to noncontrolling interest(25)(23)(25)(23)(16)(16)(14)
Net income attributable to parent:428390433415232156125
Preferred stock dividends and other adjustments   (4)(5)(5) 
Other undisclosed net loss available to common stockholders, basic      (5)
Net income available to common stockholders, diluted:428390433411227151120

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
12/31/2012
Net income:454414458438248172140
Other comprehensive income 814101094
Other undisclosed comprehensive loss(11)      
Comprehensive income:443421472449258181143
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(25)(24)(25)(24)(16)1615
Other undisclosed comprehensive loss, net of tax, attributable to parent     (33)(29)
Comprehensive income, net of tax, attributable to parent:418398447425242165129

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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