Gladstone Commercial Corporation (GOOD) financial statements (2023 and earlier)

Company profile

Business Address 1521 WESTBRANCH DRIVE
MCLEAN, VA 22102
State of Incorp. MD
Fiscal Year End December 31
SIC 6519 - Lessors of Real Property, Not Elsewhere Classified (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 investments81177755
Cash and cash equivalents81177755
Total current assets:81177755
Noncurrent Assets
Operating lease, right-of-use asset566
Property, plant and equipment15014313812612210597
Intangible assets, net (including goodwill)114117115111119106105
Intangible assets, net (excluding goodwill)114117115111119106105
Total noncurrent assets:270266259237241210202
Other undisclosed assets866821774695681637626
TOTAL ASSETS:1,1431,0981,040939928852833
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation450456575516522470486
Long-term debt, excluding current maturities450456575516522470486
Liabilities, other than long-term debt      39
Financial instruments subject to mandatory redemption, settlement terms, share value, amount      39
Total noncurrent liabilities:450456575516522470524
Other undisclosed liabilities32126610183567175
Total liabilities:771723676599578541599
Temporary equity, carrying amount170159152868371 
Stockholders' equity
Stockholders' equity attributable to parent, including:201213208250267240234
Preferred stock   0000
Common stock0000000
Additional paid in capital671627571560535463419
Accumulated other comprehensive income (loss)(1)(4)(2)(0)0  
Other undisclosed stockholders' equity attributable to parent(469)(409)(361)(310)(268)(224)(185)
Stockholders' equity attributable to noncontrolling interest1335   
Total stockholders' equity:203216211254267240234
TOTAL LIABILITIES AND EQUITY:1,1431,0981,040939928852833

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
Revenues138133114107958684
Revenue, net958684
Operating leases, income statement, lease revenue103
Gross profit:138133114107958684
Operating expenses(103)(100)(80)(71)(68)(56)(51)
Operating income:35333436263133
Nonoperating expense(25)(18)(25)(23)(21)(27)(29)
Interest and debt expense(27)(27)(28)(26)(25)(2)(28)
Income (loss) before gain (loss) on sale of properties:(17)(12)(19)(14)(19)2(24)
Other undisclosed net income27272826   
Net income (loss):10151012(19)2(24)
Net income (loss) attributable to noncontrolling interest0(0)0(0)   
Other undisclosed net income attributable to parent    25228
Net income attributable to parent:10151012644
Preferred stock dividends and other adjustments(11)(11)(11)(10)(10)(7) 
Other undisclosed net loss available to common stockholders, basic(3)(1)(4)(1)(1)(1)(5)
Net income (loss) available to common stockholders, diluted:(5)3(5)1(5)(4)(2)

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):10151012(19)2(24)
Other comprehensive income (loss)3(2)(2)(0)0  
Other undisclosed comprehensive income    25  
Comprehensive income (loss):131381262(24)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)0(0)   
Comprehensive income (loss), net of tax, attributable to parent:131381262(24)

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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