Office Properties Income Trust (OPI) financial statements (2021 and earlier)

Company profile

Business Address C/O THE RMR GROUP
NEWTON, MA 02458
State of Incorp. MD
Fiscal Year End December 31
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
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 investments943517309148
Cash and cash equivalents943517309148
Disposal group, including discontinued operation    01 
Total current assets:943517309148
Noncurrent Assets
Property, plant and equipment841924627268253254244
Long-term investments and receivables  467488491680 
Long-term investments  467488491680 
Intangible assets, net (including goodwill)7321,057352125118150142
Intangible assets, net (excluding goodwill)7321,057352125118150142
Total noncurrent assets:1,5731,9811,4468808631,084386
Other undisclosed assets2,5263,2232,2411,4751,3031,3291,239
TOTAL ASSETS:4,1935,2393,7042,3852,1752,4281,632
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt13201411131619
Deferred revenue and credits11   
Off-market lease, unfavorable13201411131619
Total noncurrent liabilities:13201411131619
Other undisclosed liabilities2,4743,4402,3391,4391,2051,114624
Total liabilities:2,4873,4602,3531,4501,2181,130643
Temporary equity, carrying amount  20    
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7061,7791,3309359571,297990
Common stock0011111
Additional paid in capital2,6122,6101,9681,4741,4721,4581,106
Accumulated other comprehensive income (loss)(0)06027(15)00
Retained earnings1771471089638248192
Other undisclosed stockholders' equity attributable to parent(1,084)(978)(808)(663)(540)(409)(309)
Total stockholders' equity:1,7061,7791,3309359571,297990
TOTAL LIABILITIES AND EQUITY:4,1935,2393,7042,3852,1752,4281,632

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues678428317258249251227
Revenue, net317258249251227
Operating leases, income statement, lease revenue427
Cost of revenue(108)(76)(59)(48)(48)(49)(35)
Cost of goods and services sold  (21)(17)(18)(19)(17)
Gross profit:570352258210201202192
Operating expenses(466)(300)(203)(144)(135)(130)(120)
Operating income:104525467667272
Nonoperating income (expense)
(Investment Income, Nonoperating)
1120(42)00
Interest and debt expense(136)(91)(67)(45)(37)(29)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes631311(215)0 
Income (loss) from continuing operations before equity method investments, income taxes:32(25)(10)23(228)4255
Income (loss) from equity method investments(1)(2)223619110
Income (loss) from continuing operations before income taxes:31(27)1258(209)5356
Income tax expense(1)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations:30(28)1258(209)5356
Other undisclosed income (loss) before gain (loss) on sale of properties  0(1)   
Income (loss) before gain (loss) on sale of properties:30(28)1258(209)5356
Gain on sale of properties, net of applicable income taxes   0   
Net income (loss):30(28)1258(209)5356
Other undisclosed net income attributable to parent 6     
Net income (loss) attributable to parent:30(22)1258(209)5356
Preferred stock dividends and other adjustments (0)(0)    
Other undisclosed net income (loss) available to common stockholders, basic    (1)3(1)
Net income (loss) available to common stockholders, diluted:30(22)1258(210)5755

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):30(28)1258(209)5356
Other comprehensive income (loss)   42(15)  
Comprehensive income (loss):30(28)12100(224)5356
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)633 (1)3(1)
Comprehensive income (loss), net of tax, attributable to parent:30(22)46100(225)5755

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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