JBG SMITH Properties (JBGS) financial statements (2021 and earlier)

Company profile

Business Address 4747 BETHESDA AVENUE
BETHESDA, MD 20814
State of Incorp. MD
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments226126261317
Cash and cash equivalents226126261317
Total current assets:226126261317
Noncurrent Assets
Finance lease, right-of-use asset42 
Operating lease, right-of-use asset4 
Property, plant and equipment1,3911,2401,3721,368
Intangible assets, net (including goodwill)415590126
Intangible assets, net (excluding goodwill)415590126
Total noncurrent assets:1,4781,2961,4621,495
Other undisclosed assets4,3754,5644,2754,260
TOTAL ASSETS:6,0805,9865,9976,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt3   
Deferred income tax liabilities3 
Total noncurrent liabilities:3   
Other undisclosed liabilities2,3401,9872,4522,488
Total liabilities:2,3431,9872,4522,488
Temporary equity, carrying amount531613558609
Stockholders' equity
Stockholders' equity attributable to parent3,2063,3862,9872,971
Common stock1111
Additional paid in capital3,6583,6333,1553,064
Accumulated other comprehensive income (loss)(40)(17)72
Accumulated deficit(413)(231)(176)(96)
Stockholders' equity attributable to noncontrolling interest0004
Total stockholders' equity:3,2063,3872,9872,975
TOTAL LIABILITIES AND EQUITY:6,0805,9865,9976,072

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues603648644543
Operating lease, lease income459 
Operating leases, income statement, lease revenue500
Cost of revenue(368) (148)(111)
Cost of goods and services sold  (148)(111)
Gross profit:235648496432
Operating expenses(272)(625)(618)(595)
Other operating expense, net
(Other Expenses)
(4)   
Other undisclosed operating income   111
Operating income (loss):(41)22(122)(52)
Nonoperating income (expense)(34)502026
Investment income, nonoperating(1)51526
Interest and debt expense(0)(6)(5)(59)
Income (loss) from continuing operations before equity method investments, income taxes:(76)67(107)(85)
Loss from equity method investments   (4)
Other undisclosed income from continuing operations before income taxes46153 
Income (loss) from continuing operations before income taxes:(72)7346(89)
Income tax benefit41110
Other undisclosed income from continuing operations   376
Income (loss) before gain (loss) on sale of properties:(67)7447297
Other undisclosed net loss   (376)
Net income (loss):(67)7447(79)
Net income (loss) attributable to noncontrolling interest5(9)(7)7
Net income (loss) attributable to parent:(62)6640(72)
Undistributed earnings (loss) allocated to participating securities, basic(3)(2)(3)(2)
Net income (loss) available to common stockholders, diluted:(65)6337(73)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(67)7447(79)
Other comprehensive income (loss)(26)(26)62
Comprehensive income (loss):(93)4853(77)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8(6)(8)7
Comprehensive income (loss), net of tax, attributable to parent:(86)4245(70)

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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