KBS Real Estate Investment Trust II, Inc. (KBRS) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 NEWPORT CENTER DRIVE
NEWPORT BEACH, CA 92660
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)

12/31/2022
12/31/2021
1/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments45,163 31,67457,73081,01748,009
Cash and cash equivalents45,163 31,67457,73081,01748,009
Total current assets:45,163 31,67457,73081,01748,009
Noncurrent Assets
Property, plant and equipment   118,955158,036180,692194,972
Deferred costs   54,40042,3009,50011,000
Total noncurrent assets:   173,355200,336190,192205,972
Other undisclosed assets189,623 854,020898,951953,9011,032,799
TOTAL ASSETS:234,786 1,059,0491,157,0171,225,1101,286,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   1,2001,3001,4001,300
Interest and dividends payable  1,2001,3001,4001,300
Total current liabilities:   1,2001,3001,4001,300
Noncurrent Liabilities
Liabilities, other than long-term debt   1643141,3042,893
Off-market lease, unfavorable   1643141,3042,893
Total noncurrent liabilities:   1643141,3042,893
Other undisclosed liabilities29,265 510,462483,929527,824555,680
Total liabilities:29,265 511,826485,543530,528559,873
Temporary equity, carrying amount   10,00010,00010,00010,000
Equity
Equity, attributable to parent, including:  539,267537,223661,474684,582716,907
Common stock   1,8531,8651,8771,887
Additional paid in capital   1,662,5551,667,8971,673,7671,679,524
Other undisclosed equity, attributable to parent  539,267(1,127,185)(1,008,288)(991,062)(964,504)
Total equity:  539,267537,223661,474684,582716,907
TOTAL LIABILITIES AND EQUITY:29,265539,2671,059,0491,157,0171,225,1101,286,780

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
1/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues  8,590112,112142,215149,459155,456
Revenue, net141,781148,399154,381
Cost of revenue  (8,065)(120,922)(133,494)(137,665)(141,961)
Cost of goods and services sold  (2,984)(44,691)(46,140)(46,336)(46,414)
Gross profit:  525(8,810)8,72111,79413,495
Operating expenses  (422)(20,329)(6,024)(4,541)(6,370)
Operating income (loss):  103(29,139)2,6977,2537,125
Nonoperating income  1,94130,8901,159375529
Investment income, nonoperating  936081,159375529
Interest and debt expense  (1,159)(17,214)(18,096)(17,466)(16,651)
Income (loss) from continuing operations:  885(15,463)(14,240)(9,838)(8,997)
Income (loss) before gain (loss) on sale of properties:885(15,463)(14,240)(9,838)(8,997)
Net income (loss):  885(15,463)(14,240)(9,838)(8,997)
Other undisclosed net income attributable to parent  1,15917,21442,76834,95225,744
Net income available to common stockholders, diluted:  2,0441,75128,52825,11416,747

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
1/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):  885(15,463)(14,240)(9,838)(8,997)
Other comprehensive income      60
Comprehensive income (loss):  885(15,463)(14,240)(9,838)(8,937)
Other undisclosed comprehensive income, net of tax, attributable to parent    42,76834,95225,744
Comprehensive income (loss), net of tax, attributable to parent:  885(15,463)28,52825,11416,807

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.

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