Liberty Property Trust (LPT) Financial Statements (2024 and earlier)

Company Profile

Business Address 650 EAST SWEDESFORD ROAD
WAYNE, PA 19087
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)

9/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 84,92311,88243,64235,35369,346163,414
Cash and cash equivalents 84,92311,88243,64235,35369,346163,414
Total current assets: 84,92311,88243,64235,35369,346163,414
Noncurrent Assets
Property, plant and equipment 1,256,7061,153,6801,094,4701,184,9271,189,7601,139,455
Long-term investments and receivables 350,981288,456245,078218,454208,832179,655
Long-term investments 350,981288,456245,078218,454208,832179,655
Intangible assets, net (including goodwill) 168,739159,250153,393192,109206,286226,607
Intangible assets, net (excluding goodwill) 168,739159,250153,393192,109206,286226,607
Total noncurrent assets: 1,776,4261,601,3861,492,9411,595,4901,604,8781,545,717
Other undisclosed assets 5,073,0454,826,4894,456,2304,926,7864,951,3125,066,429
TOTAL ASSETS: 6,934,3946,439,7575,992,8136,557,6296,625,5366,775,560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 3,530,0853,283,8542,922,3533,540,1453,531,6223,671,844
Total liabilities: 3,530,0853,283,8542,922,3533,540,1453,531,6223,671,844
Temporary equity, carrying amount 7,5377,5377,5377,5377,537 
Equity
Equity, attributable to parent, including: 3,329,8613,087,3583,003,3912,952,9283,027,6723,035,844
Common stock 148147147148150148
Treasury stock, value     (51,951)(51,951)
Additional paid in capital 3,691,7783,674,9783,655,9103,669,6273,740,5943,669,618
Accumulated other comprehensive income (loss) (55,243)(37,797)(56,031)(17,893)(6,252)9,742
Other undisclosed equity, attributable to parent (306,822)(549,970)(596,635)(698,954)(654,869)(591,713)
Equity, attributable to noncontrolling interest 66,91161,00859,53257,01958,705 
Other undisclosed equity      60,335
Total equity: 3,396,7723,148,3663,062,9233,009,9473,086,3773,096,179
Other undisclosed liabilities and equity      7,537
TOTAL LIABILITIES AND EQUITY: 6,934,3946,439,7575,992,8136,557,6296,625,5366,775,560

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 704,889719,778746,708808,773792,631645,930
Operating leases, income statement, lease revenue480,389
Revenue, net637,105733,767808,773792,631645,930
Other operating income 151,276     
Cost of revenue (410,850)(239,790)(433,109)(336,426)(283,151)(199,507)
Cost of goods and services sold (134,825)(151,823)(114,646)(132,702)(138,124)(114,617)
Gross profit: 294,039479,988313,599472,347509,480446,423
Operating expenses (235,554)(243,344)(58,497)(215,215)(252,057)(243,376)
Operating income: 58,485236,644255,102257,132257,423203,047
Nonoperating income (expense) 81,514(81,128)(128,226)(112,916)(134,218)(117,236)
Investment income, nonoperating 81,514100,387   248
Interest and debt expense (89,630)(49)(27,099)(135,779)(151,887)(127,115)
Other undisclosed income from continuing operations before equity method investments, income taxes  4927,099135,779151,887127,115
Income from continuing operations before equity method investments, income taxes: 50,369155,516126,876144,216123,20585,811
Income from equity method investments 21,38217,15521,9703,14910,3146,067
Income from continuing operations before income taxes: 71,751172,671148,846147,365133,51991,878
Income tax expense (7,364)(1,992)(1,971)(3,233)(2,967)(2,799)
Other undisclosed income from continuing operations 101,678100,387219,270100,31445,0308,676
Income from continuing operations: 166,065271,066366,145244,446175,58297,755
Income before gain (loss) on sale of properties: 492,603290,045366,145244,446224,163219,594
Income from discontinued operations 326,53818,979  48,581121,839
Net income: 492,603290,045366,145244,446224,163219,594
Net loss attributable to noncontrolling interest (12,996)(7,705)(9,328)(6,407)(6,253)(9,856)
Net income attributable to parent: 479,607282,340356,817238,039217,910209,738
Preferred stock dividends and other adjustments      (1,236)
Other undisclosed net income available to common stockholders, basic      1,236
Net income available to common stockholders, diluted: 479,607282,340356,817238,039217,910209,738

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 492,603290,045366,145244,446224,163219,594
Other comprehensive income (loss) (17,861)18,671(34,334)(11,921)(16,376)6,981
Comprehensive income: 474,742308,716331,811232,525207,787226,575
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (12,581)(8,142)(8,519)(6,127)(5,870)9,995
Other undisclosed comprehensive loss, net of tax, attributable to parent      (19,990)
Comprehensive income, net of tax, attributable to parent: 462,161300,574323,292226,398201,917216,580

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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