Pacific Oak Strategic Opportunity REIT, Inc. (PCOK) financial statements (2022 and earlier)

Company profile

Business Address 11766 WILSHIRE BLVD.
LOS ANGELES, CA 90025
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 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 investments1961581581523674023
Cash and cash equivalents8460761523674023
Short-term investments1129881    
Restricted cash and investments211412101124 
Total current assets:2181721701633776423
Noncurrent Assets
Finance lease, right-of-use asset89 
Intangible assets, net (including goodwill)1416     
Goodwill1416     
Estimated insurance recoveries     12
Deferred costs 531138
Total noncurrent assets:2230311510
Other undisclosed assets1,3451,5298688417231,241972
TOTAL ASSETS:1,5851,7321,0411,0051,1021,3101,004
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt4635373
Off-market lease, unfavorable4635373
Total noncurrent liabilities:4635373
Other undisclosed liabilities1,0801,1767347068331,008583
Total liabilities:1,0851,1837377118361,015586
Commitments and contingencies    4(1)9
Temporary equity, carrying amount181827 111
Stockholders' equity
Stockholders' equity attributable to parent472507277291259294393
Common stock1111111
Additional paid in capital818831553548389455504
Accumulated other comprehensive income    25  
Accumulated deficit(348)(326)(277)(257)(155)(162)(112)
Stockholders' equity attributable to noncontrolling interest1013132215
Total stockholders' equity:482520277294261296409
Other undisclosed liabilities and equity 11     
TOTAL LIABILITIES AND EQUITY:1,5851,7321,0411,0051,1021,3101,004

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
Revenues1681149396141134112
Revenue, net85132130110
Operating lease, lease income123100 
Cost of revenue(198)(137)(125)(108)(177)(156)(120)
Cost of goods and services sold(57)(44)(37)(38)(53)(52)(46)
Gross profit:(30)(23)(32)(12)(36)(21)(8)
Operating expenses(31)(12)(7)(8)(6)(6)(3)
Other undisclosed operating income10919     
Operating income (loss):48(15)(40)(20)(42)(28)(11)
Nonoperating income (expense)23(10)93242019
Investment income, nonoperating106282257014
Foreign currency transaction gain (loss), before tax(7)(3)(12)10(15)  
Other nonoperating income      5
Interest and debt expense(41)(29)(30)(32)(38)(29)(15)
Income (loss) from continuing operations before equity method investments, income taxes:10(40)(80)41162(57)(7)
Income (loss) from equity method investments   02(1)(0)
Other undisclosed income (loss) from continuing operations before income taxes(23)(8)65(8)   
Income (loss) from continuing operations before income taxes:(12)(49)(15)34164(58)(8)
Income tax expense (benefit)  0(0)   
Other undisclosed income from continuing operations      15
Income (loss) before gain (loss) on sale of properties:(12)(49)(15)33164(58)7
Other undisclosed net income    4629 
Net income (loss):(12)(49)(15)33211(29)7
Net income (loss) attributable to noncontrolling interest21(2)000(5)
Other undisclosed net loss attributable to parent(1)(1)     
Net income (loss) available to common stockholders, diluted:(11)(49)(17)34211(29)2

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):(12)(49)(15)33211(29)7
Other comprehensive income    25  
Comprehensive income (loss):(12)(49)(15)33236(29)7
Comprehensive income (loss), net of tax, attributable to noncontrolling interest21(2)000(5)
Comprehensive income (loss), net of tax, attributable to parent:(10)(48)(17)34236(29)2

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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