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 investments241,098264,356225,600126,413260,553316,676
Cash and cash equivalents241,098264,356225,600126,413260,553316,676
Total current assets:241,098264,356225,600126,413260,553316,676
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  180,95641,996 
Operating lease, right-of-use asset1,3831,6603,542 
Property, plant and equipment1,302,5691,378,2181,391,4721,240,4551,371,8741,368,294
Intangible assets, net (including goodwill)162,24634,34441,48755,17489,859126,467
Intangible assets, net (excluding goodwill)162,24634,34441,48755,17489,859126,467
Total noncurrent assets:1,466,1981,595,1781,478,4971,295,6291,461,7331,494,761
Other undisclosed assets4,196,1424,526,6724,375,4504,564,2094,274,9994,260,370
TOTAL ASSETS:5,903,4386,386,2066,079,5475,986,2515,997,2856,071,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt4,9035,3402,509   
Deferred income tax liabilities4,9035,3402,509 
Total noncurrent liabilities:4,9035,3402,509   
Other undisclosed liabilities2,703,1132,919,7242,340,0841,986,8162,451,7932,487,864
Total liabilities:2,708,0162,925,0642,342,5931,986,8162,451,7932,487,864
Temporary equity, carrying amount481,310522,725530,748612,758558,140609,129
Equity
Equity, attributable to parent2,681,8872,915,9103,206,0393,386,4762,987,1482,970,608
Common stock1,1411,2751,3191,3421,2101,180
Additional paid in capital3,263,7383,539,9163,657,6433,633,0423,155,2563,063,625
Accumulated other comprehensive income (loss)45,644(15,950)(39,979)(16,744)6,7001,612
Accumulated deficit(628,636)(609,331)(412,944)(231,164)(176,018)(95,809)
Equity, attributable to noncontrolling interest32,22522,5071672012044,206
Total equity:2,714,1122,938,4173,206,2063,386,6772,987,3522,974,814
TOTAL LIABILITIES AND EQUITY:5,903,4386,386,2066,079,5475,986,2515,997,2856,071,807

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
Revenues605,824634,362602,723647,770644,182543,013
Operating leases, income statement, lease revenue499,835
Operating lease, lease income491,738499,586458,958 
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:288,222280,026234,657647,770496,101431,958
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)50,48119,55426,164
Investment income, nonoperating18,6178,835(625)5,38515,16826,164
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 taxes3,07367,9614,0625,805153,234 
Income (loss) from continuing operations before income taxes:100,250(86,184)(71,526)72,84245,875(88,996)
Income tax expense (benefit)(1,264)(3,541)4,2651,3027389,912
Other undisclosed income from continuing operations      376,205
Income (loss) from continuing operations:98,986(89,725)(67,261)74,14446,613297,121
Income (loss) before gain (loss) on sale of properties:(89,725)(67,261)74,14446,613297,121
Other undisclosed net loss      (376,205)
Net income (loss):98,986(89,725)(67,261)74,14446,613(79,084)
Net income (loss) attributable to noncontrolling interest(13,615)10,4684,958(8,573)(6,689)7,331
Net income (loss) attributable to parent:85,371(79,257)(62,303)65,57139,924(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)63,08237,325(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)74,14446,613(79,084)
Other comprehensive income (loss)70,15026,704(26,225)(26,028)6,4721,837
Comprehensive income (loss):169,136(63,021)(93,486)48,11653,085(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)7,7937,948(5,989)(8,073)7,106
Comprehensive income (loss), net of tax, attributable to parent:146,965(55,228)(85,538)42,12745,012(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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: