Orion Office REIT Inc. (ONL) Financial Statements (2024 and earlier)

Company Profile

Business Address 2398 E. CAMELBACK ROAD, SUITE 1060
PHOENIX, AZ 85016
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,63829,318
Cash and cash equivalents20,63829,318
Deferred costs(2,000)(300)
Total current assets:18,63829,018
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9,00013,800
Operating lease, right-of-use asset10,60010,200
Property, plant and equipment238,225250,194
Long-term investments and receivables15,82418,631
Long-term investments15,82418,631
Intangible assets, net (including goodwill)202,832298,107
Intangible assets, net (excluding goodwill)202,832298,107
Total noncurrent assets:476,481590,932
Other undisclosed assets1,075,9541,139,528
TOTAL ASSETS:1,571,0731,759,478
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities595,215671,190
Total liabilities:595,215671,190
Equity
Equity, attributable to parent974,4691,086,919
Common stock5757
Additional paid in capital1,147,0141,145,278
Accumulated other comprehensive income6,308299
Accumulated deficit(178,910)(58,715)
Equity, attributable to noncontrolling interest1,3891,369
Total equity:975,8581,088,288
TOTAL LIABILITIES AND EQUITY:1,571,0731,759,478

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues208,11879,731
Cost of revenue(194,525)(65,242)
Cost of goods and services sold(61,519)(13,411)
Gross profit:13,59314,489
Operating expenses(82,267)(53,691)
Operating loss:(68,674)(39,202)
Nonoperating expense(28,588)(8,105)
Interest and debt expense(468)(3,782)
Loss from continuing operations before equity method investments, income taxes:(97,730)(51,089)
Other undisclosed income from continuing operations before income taxes4683,782
Loss from continuing operations before income taxes:(97,262)(47,307)
Income tax expense(212)(157)
Loss from continuing operations:(97,474)(47,464)
Loss before gain (loss) on sale of properties:(47,464)
Net loss:(97,474)(47,464)
Net loss attributable to noncontrolling interest(20)(17)
Net loss available to common stockholders, diluted:(97,494)(47,481)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(97,474)(47,464)
Other comprehensive income (loss)6,009299
Comprehensive loss:(91,465)(47,165)
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(17)
Comprehensive loss, net of tax, attributable to parent:(91,485)(47,182)

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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