Franklin Street Properties Corp. (FSP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31011109188
Cash and cash equivalents31011109188
Restricted cash and investments2      
Total current assets:41011109188
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment0000001
Long-term investments and receivables   70757779
Long-term investments   70757779
Intangible assets, net (including goodwill)28416087125108139
Intangible assets, net (excluding goodwill)28416087125108139
Regulated entity, other noncurrent assets34655  
Total noncurrent assets:324766162206186218
Other undisclosed assets1,7571,7861,8211,8191,8731,7181,711
TOTAL ASSETS:1,7931,8431,8981,9912,0881,9211,936
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt23469911
Off-market lease, unfavorable23469911
Total noncurrent liabilities:23469911
Other undisclosed liabilities1,0241,0541,0571,1131,117976946
Total liabilities:1,0251,0561,0601,1191,126986957
Stockholders' equity
Stockholders' equity attributable to parent, including:768786838871962936980
Common stock0000000
Additional paid in capital1,3571,3571,3561,3561,3561,2741,274
Accumulated other comprehensive income (loss)(17)(5)15125(7)(4)
Other undisclosed stockholders' equity attributable to parent(572)(566)(534)(497)(400)(331)(290)
Total stockholders' equity:768786838871962936980
TOTAL LIABILITIES AND EQUITY:1,7931,8431,8981,9912,0881,9211,936

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues246269269273250244250
Revenue, net264267244238433
Operating lease, lease income244 
Cost of revenue(151)(157)(155)(147)(132)(150)(127)
Cost of goods and services sold(67)(72)(71)(71)(65)(62)(62)
Gross profit:9411211412611894123
Operating expenses(104)(105)(108)(117)(108)(81)(108)
Operating income (loss):(9)778111314
Nonoperating income (expense)   (2)200
Investment income, nonoperating     00
Other nonoperating income (expense)   (2)2  
Interest and debt expense(36)(37)(38)(32)(27)(25)(27)
Other undisclosed income from continuing operations before equity method investments, income taxes7837     
Income (loss) from continuing operations before equity method investments, income taxes:337(32)(26)(14)(12)(13)
Income (loss) from equity method investments  7(4)(1)(1)(2)
Other undisclosed income from continuing operations before income taxes  381424  
Income (loss) from continuing operations before income taxes:33713(16)9(14)(15)
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) before gain (loss) on sale of properties:33613(16)8(14)(15)
Gain on sale of properties, net of applicable income taxes     241
Net income (loss) attributable to parent:33613(16)810(14)
Other undisclosed net income available to common stockholders, basic     2527
Net income (loss) available to common stockholders, diluted:33613(16)83513

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):33613(16)810(14)
Comprehensive income (loss):33613(16)810(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13)(19)37132320
Comprehensive income (loss), net of tax, attributable to parent:20(13)16(9)21326

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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