Franklin Street Properties Corp. (FSP) financial statements (2022 and earlier)

Company profile

Business Address 401 EDGEWATER PLACE
WAKEFIELD, MA 01880
State of Incorp. MA
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 investments343101110918
Cash and cash equivalents343101110918
Restricted cash and investments62     
Total current assets:414101110918
Noncurrent Assets
Operating lease, right-of-use asset112
Property, plant and equipment0000000
Long-term investments and receivables    707577
Long-term investments    707577
Intangible assets, net (including goodwill)1528416087125108
Intangible assets, net (excluding goodwill)1528416087125108
Regulated entity, other noncurrent assets134655 
Total noncurrent assets:17324766162206186
Other undisclosed assets1,3061,7571,7861,8211,8191,8731,718
TOTAL ASSETS:1,3641,7931,8431,8981,9912,0881,921
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt1234699
Off-market lease, unfavorable1234699
Total noncurrent liabilities:1234699
Other undisclosed liabilities5801,0241,0541,0571,1131,117976
Total liabilities:5811,0251,0561,0601,1191,126986
Stockholders' equity
Stockholders' equity attributable to parent, including:783768786838871962936
Common stock0000000
Additional paid in capital1,3391,3571,3571,3561,3561,3561,274
Accumulated other comprehensive income (loss)(5)(17)(5)15125(7)
Other undisclosed stockholders' equity attributable to parent(551)(572)(566)(534)(497)(400)(331)
Total stockholders' equity:783768786838871962936
TOTAL LIABILITIES AND EQUITY:1,3641,7931,8431,8981,9912,0881,921

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
Revenues209246269269273250244
Revenue, net264267244238
Operating lease, lease income208244 
Cost of revenue(134)(151)(157)(155)(147)(132)(150)
Cost of goods and services sold(61)(67)(72)(71)(71)(65)(62)
Gross profit:759411211412611894
Operating expenses(94)(104)(105)(108)(117)(108)(81)
Operating income (loss):(19)(9)7781113
Nonoperating income (expense)    (2)20
Investment income, nonoperating      0
Other nonoperating income (expense)    (2)2 
Interest and debt expense(33)(36)(37)(38)(32)(27)(25)
Other undisclosed income from continuing operations before equity method investments, income taxes1457837    
Income (loss) from continuing operations before equity method investments, income taxes:93337(32)(26)(14)(12)
Income (loss) from equity method investments0  7(4)(1)(1)
Other undisclosed income from continuing operations before income taxes   381424 
Income (loss) from continuing operations before income taxes:9333713(16)9(14)
Income tax expense(1)(0)(0)(0)(0)(0)(0)
Income (loss) before gain (loss) on sale of properties:9333613(16)8(14)
Gain on sale of properties, net of applicable income taxes      24
Net income (loss) attributable to parent:9333613(16)810
Other undisclosed net income available to common stockholders, basic      25
Net income (loss) available to common stockholders, diluted:9333613(16)835

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 (loss):9333613(16)810
Comprehensive income (loss):9333613(16)810
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12(13)(19)371323
Comprehensive income (loss), net of tax, attributable to parent:10520(13)16(9)2132

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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