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 investments | 3 | 10 | 11 | 10 | 9 | 18 | 8 | ||
| Cash and cash equivalents | 3 | 10 | 11 | 10 | 9 | 18 | 8 | ||
| Restricted cash and investments | 2 | ||||||||
| Total current assets: | 4 | 10 | 11 | 10 | 9 | 18 | 8 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1 | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 0 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| Long-term investments and receivables | 70 | 75 | 77 | 79 | |||||
| Long-term investments | 70 | 75 | 77 | 79 | |||||
| Intangible assets, net (including goodwill) | 28 | 41 | 60 | 87 | 125 | 108 | 139 | ||
| Intangible assets, net (excluding goodwill) | 28 | 41 | 60 | 87 | 125 | 108 | 139 | ||
| Regulated entity, other noncurrent assets | 3 | 4 | 6 | 5 | 5 | ||||
| Total noncurrent assets: | 32 | 47 | 66 | 162 | 206 | 186 | 218 | ||
| Other undisclosed assets | 1,757 | 1,786 | 1,821 | 1,819 | 1,873 | 1,718 | 1,711 | ||
| TOTAL ASSETS: | 1,793 | 1,843 | 1,898 | 1,991 | 2,088 | 1,921 | 1,936 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2 | 3 | 4 | 6 | 9 | 9 | 11 | ||
| Off-market lease, unfavorable | 2 | 3 | 4 | 6 | 9 | 9 | 11 | ||
| Total noncurrent liabilities: | 2 | 3 | 4 | 6 | 9 | 9 | 11 | ||
| Other undisclosed liabilities | 1,024 | 1,054 | 1,057 | 1,113 | 1,117 | 976 | 946 | ||
| Total liabilities: | 1,025 | 1,056 | 1,060 | 1,119 | 1,126 | 986 | 957 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 768 | 786 | 838 | 871 | 962 | 936 | 980 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 1,357 | 1,357 | 1,356 | 1,356 | 1,356 | 1,274 | 1,274 | ||
| Accumulated other comprehensive income (loss) | (17) | (5) | 15 | 12 | 5 | (7) | (4) | ||
| Other undisclosed stockholders' equity attributable to parent | (572) | (566) | (534) | (497) | (400) | (331) | (290) | ||
| Total stockholders' equity: | 768 | 786 | 838 | 871 | 962 | 936 | 980 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,793 | 1,843 | 1,898 | 1,991 | 2,088 | 1,921 | 1,936 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 246 | 269 | 269 | 273 | 250 | 244 | 250 | |
| Revenue, net | ✕ | ✕ | 264 | 267 | 244 | 238 | 433 | |
| Operating lease, lease income | 244 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| 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: | 94 | 112 | 114 | 126 | 118 | 94 | 123 | |
| Operating expenses | (104) | (105) | (108) | (117) | (108) | (81) | (108) | |
| Operating income (loss): | (9) | 7 | 7 | 8 | 11 | 13 | 14 | |
| Nonoperating income (expense) | (2) | 2 | 0 | 0 | ||||
| Investment income, nonoperating | 0 | 0 | ||||||
| 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 taxes | 78 | 37 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 33 | 7 | (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 | 38 | 14 | 24 | |||||
| Income (loss) from continuing operations before income taxes: | 33 | 7 | 13 | (16) | 9 | (14) | (15) | |
| Income tax expense | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Income (loss) before gain (loss) on sale of properties: | 33 | 6 | 13 | (16) | 8 | (14) | (15) | |
| Gain on sale of properties, net of applicable income taxes | 24 | 1 | ||||||
| Net income (loss) attributable to parent: | 33 | 6 | 13 | (16) | 8 | 10 | (14) | |
| Other undisclosed net income available to common stockholders, basic | 25 | 27 | ||||||
| Net income (loss) available to common stockholders, diluted: | 33 | 6 | 13 | (16) | 8 | 35 | 13 | |
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): | 33 | 6 | 13 | (16) | 8 | 10 | (14) | |
| Comprehensive income (loss): | 33 | 6 | 13 | (16) | 8 | 10 | (14) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (13) | (19) | 3 | 7 | 13 | 23 | 20 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 20 | (13) | 16 | (9) | 21 | 32 | 6 | |
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.