JBG SMITH Properties (JBGS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
4747 BETHESDA AVENUE BETHESDA, MD 20814 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 241,098 | 264,356 | 225,600 | 126,413 | 260,553 | 316,676 | |||
| Cash and cash equivalents | 241,098 | 264,356 | 225,600 | 126,413 | 260,553 | 316,676 | |||
| Total current assets: | 241,098 | 264,356 | 225,600 | 126,413 | 260,553 | 316,676 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 180,956 | 41,996 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 1,383 | 1,660 | 3,542 | ✕ | ✕ | ||||
| Property, plant and equipment | 1,302,569 | 1,378,218 | 1,391,472 | 1,240,455 | 1,371,874 | 1,368,294 | |||
| Intangible assets, net (including goodwill) | 162,246 | 34,344 | 41,487 | 55,174 | 89,859 | 126,467 | |||
| Intangible assets, net (excluding goodwill) | 162,246 | 34,344 | 41,487 | 55,174 | 89,859 | 126,467 | |||
| Total noncurrent assets: | 1,466,198 | 1,595,178 | 1,478,497 | 1,295,629 | 1,461,733 | 1,494,761 | |||
| Other undisclosed assets | 4,196,142 | 4,526,672 | 4,375,450 | 4,564,209 | 4,274,999 | 4,260,370 | |||
| TOTAL ASSETS: | 5,903,438 | 6,386,206 | 6,079,547 | 5,986,251 | 5,997,285 | 6,071,807 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 4,903 | 5,340 | 2,509 | ||||||
| Deferred income tax liabilities | 4,903 | 5,340 | 2,509 | ✕ | ✕ | ||||
| Total noncurrent liabilities: | 4,903 | 5,340 | 2,509 | ||||||
| Other undisclosed liabilities | 2,703,113 | 2,919,724 | 2,340,084 | 1,986,816 | 2,451,793 | 2,487,864 | |||
| Total liabilities: | 2,708,016 | 2,925,064 | 2,342,593 | 1,986,816 | 2,451,793 | 2,487,864 | |||
| Temporary equity, carrying amount | 481,310 | 522,725 | 530,748 | 612,758 | 558,140 | 609,129 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,681,887 | 2,915,910 | 3,206,039 | 3,386,476 | 2,987,148 | 2,970,608 | |||
| Common stock | 1,141 | 1,275 | 1,319 | 1,342 | 1,210 | 1,180 | |||
| Additional paid in capital | 3,263,738 | 3,539,916 | 3,657,643 | 3,633,042 | 3,155,256 | 3,063,625 | |||
| Accumulated other comprehensive income (loss) | 45,644 | (15,950) | (39,979) | (16,744) | 6,700 | 1,612 | |||
| Accumulated deficit | (628,636) | (609,331) | (412,944) | (231,164) | (176,018) | (95,809) | |||
| Equity, attributable to noncontrolling interest | 32,225 | 22,507 | 167 | 201 | 204 | 4,206 | |||
| Total equity: | 2,714,112 | 2,938,417 | 3,206,206 | 3,386,677 | 2,987,352 | 2,974,814 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,903,438 | 6,386,206 | 6,079,547 | 5,986,251 | 5,997,285 | 6,071,807 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 605,824 | 634,362 | 602,723 | 647,770 | 644,182 | 543,013 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 499,835 | ✕ | |
| Operating lease, lease income | 491,738 | 499,586 | 458,958 | ✕ | ✕ | |||
| Cost of revenue | (317,602) | (354,336) | (368,066) | (148,081) | (111,055) | |||
| Cost of goods and services sold | (150,004) | (150,638) | (148,081) | (111,055) | ||||
| Gross profit: | 288,222 | 280,026 | 234,657 | 647,770 | 496,101 | 431,958 | ||
| Operating expenses | (272,051) | (291,160) | (272,084) | (625,409) | (617,861) | (595,188) | ||
| Other operating expense, net (Other Expenses) | (4,000) | |||||||
| Other undisclosed operating income | 111,055 | |||||||
| Operating income (loss): | 16,171 | (11,134) | (41,427) | 22,361 | (121,760) | (52,175) | ||
| Nonoperating income (expense) | 84,079 | (75,050) | (34,099) | 50,481 | 19,554 | 26,164 | ||
| Investment income, nonoperating | 18,617 | 8,835 | (625) | 5,385 | 15,168 | 26,164 | ||
| Interest and debt expense | (3,073) | (67,961) | (62) | (5,805) | (5,153) | (58,842) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 97,177 | (154,145) | (75,588) | 67,037 | (107,359) | (84,853) | ||
| Loss from equity method investments | (4,143) | |||||||
| Other undisclosed income from continuing operations before income taxes | 3,073 | 67,961 | 4,062 | 5,805 | 153,234 | |||
| Income (loss) from continuing operations before income taxes: | 100,250 | (86,184) | (71,526) | 72,842 | 45,875 | (88,996) | ||
| Income tax expense (benefit) | (1,264) | (3,541) | 4,265 | 1,302 | 738 | 9,912 | ||
| Other undisclosed income from continuing operations | 376,205 | |||||||
| Income (loss) from continuing operations: | 98,986 | (89,725) | (67,261) | 74,144 | 46,613 | 297,121 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (89,725) | (67,261) | 74,144 | 46,613 | 297,121 | ||
| Other undisclosed net loss | (376,205) | |||||||
| Net income (loss): | 98,986 | (89,725) | (67,261) | 74,144 | 46,613 | (79,084) | ||
| Net income (loss) attributable to noncontrolling interest | (13,615) | 10,468 | 4,958 | (8,573) | (6,689) | 7,331 | ||
| Net income (loss) attributable to parent: | 85,371 | (79,257) | (62,303) | 65,571 | 39,924 | (71,753) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (1,860) | (2,854) | (3,100) | (2,489) | (2,599) | (1,655) | ||
| Net income (loss) available to common stockholders, diluted: | 83,511 | (82,111) | (65,403) | 63,082 | 37,325 | (73,408) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 98,986 | (89,725) | (67,261) | 74,144 | 46,613 | (79,084) | ||
| Other comprehensive income (loss) | 70,150 | 26,704 | (26,225) | (26,028) | 6,472 | 1,837 | ||
| Comprehensive income (loss): | 169,136 | (63,021) | (93,486) | 48,116 | 53,085 | (77,247) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (145) | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (22,026) | 7,793 | 7,948 | (5,989) | (8,073) | 7,106 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 146,965 | (55,228) | (85,538) | 42,127 | 45,012 | (70,141) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.