National Retail Properties (NNN) Financial Statements (2023 and Earlier)

Company Profile

Business Address 450 S ORANGE AVE
ORLANDO, FL 32801
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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1712671114129514
Cash and cash equivalents1712671114129514
Total current assets:1712671114129514
Noncurrent Assets
Inventory, real estate6671443842
Property, plant and equipment2,5272,4892,493    
Intangible assets, net (including goodwill)    19  
Intangible assets, net (excluding goodwill)    19  
Total noncurrent assets:2,5332,4952,50014233842
Other undisclosed assets5,0474,8764,9346,9766,5366,0025,404
TOTAL ASSETS:7,7517,6387,4357,1036,5616,3345,460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,8493,3193,1032,9492,7202,4172,118
Total liabilities:3,8493,3193,1032,9492,7202,4172,118
Stockholders' equity
Stockholders' equity attributable to parent, including:3,9024,3194,3324,1543,8413,9173,342
Common stock2222211
Additional paid in capital4,6634,6344,4953,9503,5993,3233,049
Accumulated other comprehensive loss(15)(16)(11)(6)(14)(8)(20)
Accumulated deficit(748)(645)(499)(424)(379)(319)(263)
Other undisclosed stockholders' equity attributable to parent 345345633633920575
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:3,9024,3194,3324,1553,8413,9173,342
TOTAL LIABILITIES AND EQUITY:7,7517,6387,4357,1036,5616,3345,460

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues726661670623585534483
Revenue, net583530479
Operating lease, lease income704639650
Operating leases, income statement, lease revenue604
Cost of revenue
(Cost of Goods and Services Sold)
    (23)(21)(20)
Gross profit:726661670623562513463
Operating expenses(300)(302)(286)(263)(247)(225)(194)
Other undisclosed operating income2316326523  
Operating income:449374417425338288269
Nonoperating expense(159)(145)(117)(132)(109)(97)(91)
Other nonoperating expense(159)(146)(117)(132)(109)(97)(91)
Interest and debt expense(159)(146)(120)(18)(109)(96)(90)
Other undisclosed income from continuing operations before equity method investments, income taxes    109117110
Income from continuing operations before income taxes:13183180274229212198
Income tax expense      (10)
Income before gain (loss) on sale of properties:13183180274229212188
Gain on sale of properties, net of applicable income taxes    372710
Other undisclosed net income15914612018   
Net income:290229300292265240198
Net loss attributable to noncontrolling interest      (0)
Other undisclosed net income (loss) attributable to parent00(0)(0)(0)(0) 
Net income attributable to parent:290229299292265240198
Preferred stock dividends and other adjustments(11)      
Other undisclosed net loss available to common stockholders, basic(15)(18)(41)(34)(48)(39)(35)
Net income available to common stockholders, diluted:264211258258217201162

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:290229300292265240198
Other comprehensive income (loss)    (6)12(12)
Other undisclosed comprehensive income (loss)1(5)  (0)(0)(0)
Comprehensive income:292223300292259252186
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)    (0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (6)8   
Comprehensive income, net of tax, attributable to parent:292223294300259252186

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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