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 investments | 8 | 11 | 7 | 7 | 7 | 5 | 5 | ||
| Cash and cash equivalents | 8 | 11 | 7 | 7 | 7 | 5 | 5 | ||
| Total current assets: | 8 | 11 | 7 | 7 | 7 | 5 | 5 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5 | 6 | 6 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 150 | 143 | 138 | 126 | 122 | 105 | 97 | ||
| Intangible assets, net (including goodwill) | 114 | 117 | 115 | 111 | 119 | 106 | 105 | ||
| Intangible assets, net (excluding goodwill) | 114 | 117 | 115 | 111 | 119 | 106 | 105 | ||
| Total noncurrent assets: | 270 | 266 | 259 | 237 | 241 | 210 | 202 | ||
| Other undisclosed assets | 866 | 821 | 774 | 695 | 681 | 637 | 626 | ||
| TOTAL ASSETS: | 1,143 | 1,098 | 1,040 | 939 | 928 | 852 | 833 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 450 | 456 | 575 | 516 | 522 | 470 | 486 | ||
| Long-term debt, excluding current maturities | 450 | 456 | 575 | 516 | 522 | 470 | 486 | ||
| Liabilities, other than long-term debt | 39 | ||||||||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 39 | ||||||||
| Total noncurrent liabilities: | 450 | 456 | 575 | 516 | 522 | 470 | 524 | ||
| Other undisclosed liabilities | 321 | 266 | 101 | 83 | 56 | 71 | 75 | ||
| Total liabilities: | 771 | 723 | 676 | 599 | 578 | 541 | 599 | ||
| Temporary equity, carrying amount | 170 | 159 | 152 | 86 | 83 | 71 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 201 | 213 | 208 | 250 | 267 | 240 | 234 | ||
| Preferred stock | 0 | 0 | 0 | 0 | |||||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 671 | 627 | 571 | 560 | 535 | 463 | 419 | ||
| 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 interest | 1 | 3 | 3 | 5 | |||||
| Total stockholders' equity: | 203 | 216 | 211 | 254 | 267 | 240 | 234 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,143 | 1,098 | 1,040 | 939 | 928 | 852 | 833 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 138 | 133 | 114 | 107 | 95 | 86 | 84 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 95 | 86 | 84 | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 103 | ✕ | ✕ | ✕ | |
| Gross profit: | 138 | 133 | 114 | 107 | 95 | 86 | 84 | |
| Operating expenses | (103) | (100) | (80) | (71) | (68) | (56) | (51) | |
| Operating income: | 35 | 33 | 34 | 36 | 26 | 31 | 33 | |
| 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 income | 27 | 27 | 28 | 26 | ||||
| Net income (loss): | 10 | 15 | 10 | 12 | (19) | 2 | (24) | |
| Net income (loss) attributable to noncontrolling interest | 0 | (0) | 0 | (0) | ||||
| Other undisclosed net income attributable to parent | 25 | 2 | 28 | |||||
| Net income attributable to parent: | 10 | 15 | 10 | 12 | 6 | 4 | 4 | |
| 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): | 10 | 15 | 10 | 12 | (19) | 2 | (24) | |
| Other comprehensive income (loss) | 3 | (2) | (2) | (0) | 0 | |||
| Other undisclosed comprehensive income | 25 | |||||||
| Comprehensive income (loss): | 13 | 13 | 8 | 12 | 6 | 2 | (24) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (0) | 0 | (0) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 13 | 13 | 8 | 12 | 6 | 2 | (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.