Office Properties Income Trust (OPI) financial statements (2022 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)

12/31/2021
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 investments8342943517309
Cash and cash equivalents8342943517309
Disposal group, including discontinued operation      0
Total current assets:8342943517309
Noncurrent Assets
Operating lease, right-of-use asset 0 
Property, plant and equipment874831841924627268253
Long-term investments and receivables    467488491
Long-term investments    467488491
Intangible assets, net (including goodwill)5065497321,057352125118
Intangible assets, net (excluding goodwill)5065497321,057352125118
Total noncurrent assets:1,3801,3801,5731,9811,446880863
Other undisclosed assets2,7792,5242,5263,2232,2411,4751,303
TOTAL ASSETS:4,2423,9464,1935,2393,7042,3852,175
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt17111320141113
Deferred revenue and credits11 
Off-market lease, unfavorable17111320141113
Total noncurrent liabilities:17111320141113
Other undisclosed liabilities2,7282,3262,4743,4402,3391,4391,205
Total liabilities:2,7452,3372,4873,4602,3531,4501,218
Temporary equity, carrying amount    20  
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4971,6091,7061,7791,330935957
Common stock0000111
Additional paid in capital2,6172,6152,6122,6101,9681,4741,472
Accumulated other comprehensive income (loss)  (0)06027(15)
Retained earnings1761841771471089638
Other undisclosed stockholders' equity attributable to parent(1,297)(1,190)(1,084)(978)(808)(663)(540)
Total stockholders' equity:1,4971,6091,7061,7791,330935957
TOTAL LIABILITIES AND EQUITY:4,2423,9464,1935,2393,7042,3852,175

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
Revenues  678428317258249
Revenue, net317258249
Operating leases, income statement, lease revenue427
Cost of revenue(97)(91)(108)(76)(59)(48)(48)
Cost of goods and services sold    (21)(17)(18)
Gross profit:(97)(91)570352258210201
Operating expenses(437)(389)(466)(300)(203)(144)(135)
Operating income (loss):(534)(479)10452546766
Nonoperating income (expense)
(Investment Income, Nonoperating)
011120(42)
Interest and debt expense(126)(112)(136)(91)(67)(45)(37)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes655599631311(215)
Income (loss) from continuing operations before equity method investments, income taxes:(5)832(25)(10)23(228)
Income (loss) from equity method investments(3)(1)(1)(2)223619
Income (loss) from continuing operations before income taxes:(8)731(27)1258(209)
Income tax expense(0)(0)(1)(0)(0)(0)(0)
Income (loss) from continuing operations:(8)730(28)1258(209)
Other undisclosed income (loss) before gain (loss) on sale of properties    0(1) 
Income (loss) before gain (loss) on sale of properties:(8)730(28)1258(209)
Gain on sale of properties, net of applicable income taxes     0 
Net income (loss):(8)730(28)1258(209)
Other undisclosed net income attributable to parent   6   
Net income (loss) attributable to parent:(8)730(22)1258(209)
Preferred stock dividends and other adjustments   (0)(0)  
Other undisclosed net loss available to common stockholders, basic      (1)
Net income (loss) available to common stockholders, diluted:(8)730(22)1258(210)

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 (loss):(8)730(28)1258(209)
Other comprehensive income (loss)     42(15)
Comprehensive income (loss):(8)730(28)12100(224)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 0(0)633 (1)
Comprehensive income (loss), net of tax, attributable to parent:(8)730(22)46100(225)

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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