First Industrial Realty Trust, Inc. (FR) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
1 NORTH WACKER DRIVE CHICAGO, IL 60606 |
| 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 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 | 59 | 162 | 21 | 43 | 21 | 10 | 4 | ||
| Cash and cash equivalents | 59 | 162 | 21 | 43 | 21 | 10 | 4 | ||
| Total current assets: | 59 | 162 | 21 | 43 | 21 | 10 | 4 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 25 | 25 | 25 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,387 | 1,088 | 957 | 909 | 865 | 795 | 746 | ||
| Long-term investments and receivables | 36 | 46 | 18 | 23 | |||||
| Long-term investments | 36 | 46 | 18 | 23 | |||||
| Intangible assets, net (including goodwill) | 21 | 25 | 29 | 30 | 30 | 29 | 33 | ||
| Intangible assets, net (excluding goodwill) | 21 | 25 | 29 | 30 | 30 | 29 | 33 | ||
| Total noncurrent assets: | 1,469 | 1,184 | 1,029 | 962 | 895 | 824 | 779 | ||
| Other undisclosed assets | 2,651 | 2,446 | 2,469 | 2,137 | 2,025 | 1,959 | 1,935 | ||
| TOTAL ASSETS: | 4,179 | 3,792 | 3,519 | 3,143 | 2,941 | 2,793 | 2,718 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 9 | 11 | 12 | 10 | 10 | 10 | 12 | ||
| Off-market lease, unfavorable | 9 | 11 | 12 | 10 | 10 | 10 | 12 | ||
| Total noncurrent liabilities: | 9 | 11 | 12 | 10 | 10 | 10 | 12 | ||
| Other undisclosed liabilities | 1,921 | 1,834 | 1,709 | 1,453 | 1,455 | 1,498 | 1,591 | ||
| Total liabilities: | 1,931 | 1,845 | 1,721 | 1,463 | 1,465 | 1,509 | 1,603 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 2,195 | 1,903 | 1,764 | 1,646 | 1,428 | 1,241 | 1,073 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 2,376 | 2,225 | 2,141 | 2,132 | 1,967 | 1,887 | 1,756 | ||
| Accumulated other comprehensive income (loss) | (4) | (17) | (7) | 4 | 1 | (5) | (10) | ||
| Other undisclosed stockholders' equity attributable to parent | (178) | (306) | (371) | (491) | (542) | (642) | (675) | ||
| Stockholders' equity attributable to noncontrolling interest | 54 | 45 | 34 | 34 | 48 | 43 | 42 | ||
| Total stockholders' equity: | 2,248 | 1,947 | 1,798 | 1,680 | 1,476 | 1,285 | 1,115 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,179 | 3,792 | 3,519 | 3,143 | 2,941 | 2,793 | 2,718 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 476 | 448 | 426 | 404 | 396 | 378 | 366 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 396 | 378 | 366 | |
| Operating lease, lease income | 473 | ✕ | ✕ | ✕ | ✕ | |||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 306 | ✕ | ✕ | ✕ | |
| Cost of revenue (Cost of Goods and Services Sold) | (131) | (119) | (113) | (112) | (115) | |||
| Gross profit: | 345 | 329 | 426 | 404 | 283 | 266 | 251 | |
| Operating expenses | (166) | (162) | (266) | (264) | (258) | (257) | (256) | |
| Operating income (loss): | 179 | 166 | 160 | 140 | 25 | 9 | (5) | |
| Nonoperating income (expense) | 103 | 32 | 71 | 27 | 71 | 6 | (33) | |
| Investment income, nonoperating | 150 | 87 | 125 | 82 | 133 | (11) | ||
| Interest and debt expense | (3) | (50) | (0) | (2) | (59) | (67) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3 | 50 | 0 | 115 | 172 | 182 | ||
| Income from continuing operations before equity method investments, income taxes: | 282 | 198 | 231 | 168 | 209 | 127 | 77 | |
| Income (loss) from equity method investments | (0) | 4 | 16 | (0) | 0 | |||
| Income from continuing operations before income taxes: | 282 | 203 | 247 | 167 | 209 | 127 | 77 | |
| Income tax expense (benefit) | (5) | (2) | (3) | 0 | (1) | (1) | (0) | |
| Income before gain (loss) on sale of properties: | 277 | 200 | 244 | 167 | 208 | 126 | 77 | |
| Unusual or infrequent item, or both, net (gain) loss | 6 | ✕ | ||||||
| Other undisclosed net loss | (6) | |||||||
| Net income: | 277 | 200 | 244 | 167 | 208 | 126 | 77 | |
| Net loss attributable to noncontrolling interest | (6) | (4) | (5) | (4) | (7) | (4) | (3) | |
| Net income attributable to parent: | 271 | 196 | 239 | 163 | 201 | 121 | 74 | |
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (1) | (1) | (1) | |||
| Net income available to common stockholders, diluted: | 271 | 196 | 238 | 163 | 201 | 121 | 74 | |
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: | 277 | 200 | 244 | 167 | 208 | 126 | 77 | |
| Other comprehensive income (loss) | 13 | (10) | (11) | 2 | 6 | 5 | 4 | |
| Comprehensive income: | 290 | 190 | 233 | 170 | 214 | 131 | 81 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (6) | (4) | (5) | (4) | (7) | (5) | (3) | |
| Comprehensive income, net of tax, attributable to parent: | 284 | 186 | 228 | 165 | 208 | 126 | 78 | |
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.