MODIV INC. (MDVA) financial statements (2022 and earlier)

Company profile

Business Address 120 NEWPORT CENTER DRIVE
NEWPORT BEACH, CA 92660
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55,9668,2486,8245,2533,2383,432
Cash and cash equivalents55,9668,2486,8245,2533,2383,432
Receivables  21734108
Prepaid expense6,3792,1721,8682341,1051,093
Total current assets:62,34510,4208,6945,5044,3774,633
Noncurrent Assets
Operating lease, right-of-use asset  2,387
Property, plant and equipment61,00565,35886,77641,12621,8795,369
Long-term investments and receivables9,94110,00210,38914,27614,5243,524
Long-term investments9,94110,00210,38914,27614,5243,524
Intangible assets, net (including goodwill)17,32122,44958,288   
Goodwill17,32117,32150,588   
Intangible assets, net (excluding goodwill) 5,1287,700   
Total noncurrent assets:88,26897,809157,83955,40236,4038,893
Other undisclosed assets277,882299,204324,384191,520116,29427,777
TOTAL ASSETS:428,495407,433490,917252,426157,07341,303
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 5174,800   
Total current liabilities: 5174,800   
Noncurrent Liabilities
Other undisclosed liabilities206,065216,664231,875143,33277,77718,875
Total liabilities:206,065217,181236,675143,33277,77718,875
Temporary equity, carrying amount 7,36614,0706,00146197
Stockholders' equity
Stockholders' equity attributable to parent, including:171,827132,284189,570103,09379,25022,231
Common stock     2
Additional paid in capital273,442224,273220,715119,24785,32523,643
Accumulated deficit(101,624)(92,013)(31,169)(16,167)(6,084)(1,415)
Other undisclosed stockholders' equity attributable to parent92424139 
Stockholders' equity attributable to noncontrolling interest50,60350,60350,603   
Total stockholders' equity:222,430182,887240,173103,09379,25022,231
TOTAL LIABILITIES AND EQUITY:428,495407,433490,917252,426157,07341,303

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues36,22338,90324,54517,9857,390862
Revenue, net6,140710
Operating leases, income statement, lease revenue14,726
Cost of revenue(13,877)(18,460)(15,565)(3,186)(1,283)(171)
Cost of goods and services sold(6,692)(6,999)(8,183)(3,186)(1,283)(171)
Gross profit:22,34620,4448,98014,7996,107691
Operating expenses(31,683)(73,033)(14,029)(21,167)(10,933)(3,000)
Other undisclosed operating income7,8044,140    
Operating loss:(1,534)(48,450)(5,049)(6,368)(4,826)(2,309)
Nonoperating income (expense)1,098(692)301244206(78)
Investment income, nonoperating215671871
Loss on contract termination (1,040)    
Other nonoperating income28446    
Interest and debt expense517(11,461)(7,383)(5,578)(1,638)(395)
Net income (loss):81(60,603)(12,131)(11,702)(6,257)(2,783)
Other undisclosed net income (loss) attributable to parent(517)11,4617,7159,9005,3891,545
Net loss attributable to parent:(436)(49,142)(4,416)(1,802)(868)(1,237)
Preferred stock dividends and other adjustments(1,065)     
Net loss available to common stockholders, diluted:(1,501)(49,142)(4,416)(1,802)(868)(1,237)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):81(60,603)(12,131)(11,702)(6,257)(2,783)
Comprehensive income (loss), net of tax, attributable to parent:81(60,603)(12,131)(11,702)(6,257)(2,783)

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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