Essex Property Trust, Inc. (ESS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:84811516117012354
Cash and cash equivalents747013445653018
Short-term investments34     
Other undisclosed cash, cash equivalents, and short-term investments8717171059335
Total current assets:84811516117012354
Noncurrent Assets
Operating lease, right-of-use asset7275
Property, plant and equipment2,9292,7742,7012,7192,5602,5231,084
Long-term investments and receivables1,0181,3351,3001,1561,1611,036677
Long-term investments1,0181,3351,3001,1561,1611,036677
Intangible assets, net (including goodwill)510013
Intangible assets, net (excluding goodwill)510013 
Regulated entity, other noncurrent assets234578 
Total noncurrent assets:4,0264,1884,0063,8813,7303,5701,761
Other undisclosed assets8,8268,4378,2268,5548,3178,3123,372
TOTAL ASSETS:12,93612,70512,38412,49612,21712,0055,187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    53 
Total current liabilities:    53 
Noncurrent Liabilities
Other undisclosed liabilities6,7216,2645,9546,0605,8765,6203,184
Total liabilities:6,7216,2645,9546,0605,8805,6233,184
Temporary equity, carrying amount3237353945454
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0006,2206,2676,2776,1926,2381,885
Preferred stock     7474
Common stock0000000
Additional paid in capital6,8767,1227,0937,1307,0307,0032,346
Accumulated other comprehensive loss(15)(14)(13)(18)(32)(42)(60)
Other undisclosed stockholders' equity attributable to parent(861)(888)(813)(834)(805)(797)(474)
Stockholders' equity attributable to noncontrolling interest18318312711910099114
Total stockholders' equity:6,1836,4046,3946,3976,2926,3371,998
TOTAL LIABILITIES AND EQUITY:12,93612,70512,38412,49612,21712,0055,187

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
Revenues1,4961,4601,4001,3641,2941,194624
Revenue, net1,3641,2941,194614
Operating lease, lease income1,4861,451
Cost of revenue(1,000)(914)(416)(874)(831)(819)(400)
Cost of goods and services sold(263)(243) (259)(250)(235)(350)
Gross profit:495546984489463375224
Operating expenses(69)(62)(534)(43)(43)(44)(25)
Other undisclosed operating income (loss)65(3)    (11)
Operating income:491481450447421331189
Nonoperating income
(Investment Income, Nonoperating)
218028   8
Interest and debt expense(244)(214)(220)(225)(1)(6)(105)
Income from continuing operations before equity method investments, income taxes:26934725822242032592
Income from equity method investments671128986492256
Income from continuing operations before income taxes:336459347308469347148
Income tax expense(2)(1)     
Other undisclosed income (loss) from continuing operations265767150(30)(99)(7)
Income before gain (loss) on sale of properties:599464414458438248141
Other undisclosed net income      31
Net income:599464414458438248172
Net loss attributable to noncontrolling interest(30)(25)(23)(25)(23)(16)(16)
Net income attributable to parent:569439390433415232156
Preferred stock dividends and other adjustments    (4)(5)(5)
Net income available to common stockholders, diluted:569439390433411227151

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
Net income:599464414458438248172
Other comprehensive income (loss)(1)(1)81410109
Comprehensive income:598464421472449258181
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(30)(25)(24)(25)(24)(16)16
Other undisclosed comprehensive loss, net of tax, attributable to parent      (33)
Comprehensive income, net of tax, attributable to parent:568438398447425242165

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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