Franklin Street Properties Corp. (FSP) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101110918820
Cash and cash equivalents101110918820
Total current assets:101110918820
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment0000011
Long-term investments and receivables  7075777980
Long-term investments  7075777980
Intangible assets, net (including goodwill)416087125108139183
Intangible assets, net (excluding goodwill)416087125108139183
Regulated entity, other noncurrent assets4655   
Total noncurrent assets:4766162206186218265
Other undisclosed assets1,7861,8211,8191,8731,7181,7111,760
TOTAL ASSETS:1,8431,8981,9912,0881,9211,9362,044
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt346991114
Off-market lease, unfavorable346991114
Total noncurrent liabilities:346991114
Other undisclosed liabilities1,0541,0571,1131,117976946980
Total liabilities:1,0561,0601,1191,126986957994
Stockholders' equity
Stockholders' equity attributable to parent, including:7868388719629369801,050
Common stock0000000
Additional paid in capital1,3571,3561,3561,3561,2741,2741,274
Accumulated other comprehensive income (loss)(5)15125(7)(4)3
Other undisclosed stockholders' equity attributable to parent(566)(534)(497)(400)(331)(290)(227)
Total stockholders' equity:7868388719629369801,050
TOTAL LIABILITIES AND EQUITY:1,8431,8981,9912,0881,9211,9362,044

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues269269273250244250214
Revenue, net264267244238433366
Cost of revenue(157)(155)(147)(132)(150)(127)(107)
Cost of goods and services sold(72)(71)(71)(65)(62)(62)(51)
Gross profit:11211412611894123107
Operating expenses(105)(108)(117)(108)(81)(108)(88)
Operating income:77811131419
Nonoperating income (expense)  (2)2000
Investment income, nonoperating    000
Other nonoperating income (expense)  (2)2   
Interest and debt expense(37)(38)(32)(27)(25)(27)(21)
Other undisclosed income from continuing operations before equity method investments, income taxes37      
Income (loss) from continuing operations before equity method investments, income taxes:7(32)(26)(14)(12)(13)(2)
Income (loss) from equity method investments 7(4)(1)(1)(2)(1)
Other undisclosed income from continuing operations before income taxes 381424   
Income (loss) from continuing operations before income taxes:713(16)9(14)(15)(3)
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) before gain (loss) on sale of properties:613(16)8(14)(15)(4)
Gain on sale of properties, net of applicable income taxes    241 
Net income (loss) attributable to parent:613(16)810(14)(4)
Other undisclosed net income available to common stockholders, basic    252724
Net income (loss) available to common stockholders, diluted:613(16)8351320

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):613(16)810(14)(4)
Comprehensive income (loss):613(16)810(14)(4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(19)3713232028
Comprehensive income (loss), net of tax, attributable to parent:(13)16(9)2132624

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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