Essex Property Trust, Inc. (ESS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:59848115161170123
Cash and cash equivalents487470134456530
Short-term investments134    
Other undisclosed cash, cash equivalents, and short-term investments987171710593
Total current assets:59848115161170123
Noncurrent Assets
Operating lease, right-of-use asset697275
Property, plant and equipment3,0332,9292,7742,7012,7192,5602,523
Long-term investments and receivables1,1781,0181,3351,3001,1561,1611,036
Long-term investments1,1781,0181,3351,3001,1561,1611,036
Intangible assets, net (including goodwill)9510013
Intangible assets, net (excluding goodwill)9510013
Regulated entity, other noncurrent assets2234578
Total noncurrent assets:4,2904,0264,1884,0063,8813,7303,570
Other undisclosed assets8,6498,8268,4378,2268,5548,3178,312
TOTAL ASSETS:12,99812,93612,70512,38412,49612,21712,005
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     53
Total current liabilities:     53
Noncurrent Liabilities
Other undisclosed liabilities6,7876,7216,2645,9546,0605,8765,620
Total liabilities:6,7876,7216,2645,9546,0605,8805,623
Temporary equity, carrying amount35323735394545
Stockholders' equity
Stockholders' equity attributable to parent, including:5,9946,0006,2206,2676,2776,1926,238
Preferred stock      74
Common stock0000000
Additional paid in capital6,9166,8767,1227,0937,1307,0307,003
Accumulated other comprehensive loss(6)(15)(14)(13)(18)(32)(42)
Other undisclosed stockholders' equity attributable to parent(917)(861)(888)(813)(834)(805)(797)
Stockholders' equity attributable to noncontrolling interest18318318312711910099
Total stockholders' equity:6,1776,1836,4046,3946,3976,2926,337
TOTAL LIABILITIES AND EQUITY:12,99812,93612,70512,38412,49612,21712,005

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4411,4961,4601,4001,3641,2941,194
Revenue, net1,3641,2941,194
Operating lease, lease income1,4311,4861,451
Cost of revenue(1,002)(1,000)(914)(416)(874)(831)(819)
Cost of goods and services sold(265)(263)(243) (259)(250)(235)
Gross profit:439495546984489463375
Operating expenses(52)(69)(62)(534)(43)(43)(44)
Other undisclosed operating income (loss)14365(3)    
Operating income:530491481450447421331
Nonoperating income
(Investment Income, Nonoperating)
 218028   
Interest and debt expense(222)(244)(214)(220)(225)(1)(6)
Income from continuing operations before equity method investments, income taxes:308269347258222420325
Income from equity method investments1126711289864922
Income from continuing operations before income taxes:420336459347308469347
Income tax expense(16)(2)(1)    
Other undisclosed income (loss) from continuing operations112265767150(30)(99)
Net income:516599464414458438248
Net loss attributable to noncontrolling interest(27)(30)(25)(23)(25)(23)(16)
Net income attributable to parent:489569439390433415232
Preferred stock dividends and other adjustments     (4)(5)
Net income available to common stockholders, diluted:489569439390433411227

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:516599464414458438248
Other comprehensive income (loss)9(1)(1)8141010
Comprehensive income:525598464421472449258
Comprehensive loss, net of tax, attributable to noncontrolling interest(27)(30)(25)(24)(25)(24)(16)
Comprehensive income, net of tax, attributable to parent:498568438398447425242

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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