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 investments | 196 | 158 | 158 | 152 | 367 | 40 | 23 | ||
| Cash and cash equivalents | 84 | 60 | 76 | 152 | 367 | 40 | 23 | ||
| Short-term investments | 112 | 98 | 81 | ||||||
| Restricted cash and investments | 21 | 14 | 12 | 10 | 11 | 24 | |||
| Total current assets: | 218 | 172 | 170 | 163 | 377 | 64 | 23 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 8 | 9 | ✕ | ✕ | ✕ | ✕ | |||
| Intangible assets, net (including goodwill) | 14 | 16 | |||||||
| Goodwill | 14 | 16 | |||||||
| Estimated insurance recoveries | 1 | 2 | |||||||
| Deferred costs | 5 | 3 | 1 | 1 | 3 | 8 | |||
| Total noncurrent assets: | 22 | 30 | 3 | 1 | 1 | 5 | 10 | ||
| Other undisclosed assets | 1,345 | 1,529 | 868 | 841 | 723 | 1,241 | 972 | ||
| TOTAL ASSETS: | 1,585 | 1,732 | 1,041 | 1,005 | 1,102 | 1,310 | 1,004 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 4 | 6 | 3 | 5 | 3 | 7 | 3 | ||
| Off-market lease, unfavorable | 4 | 6 | 3 | 5 | 3 | 7 | 3 | ||
| Total noncurrent liabilities: | 4 | 6 | 3 | 5 | 3 | 7 | 3 | ||
| Other undisclosed liabilities | 1,080 | 1,176 | 734 | 706 | 833 | 1,008 | 583 | ||
| Total liabilities: | 1,085 | 1,183 | 737 | 711 | 836 | 1,015 | 586 | ||
| Commitments and contingencies | 4 | (1) | 9 | ||||||
| Temporary equity, carrying amount | 18 | 18 | 27 | 1 | 1 | 1 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 472 | 507 | 277 | 291 | 259 | 294 | 393 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 818 | 831 | 553 | 548 | 389 | 455 | 504 | ||
| Accumulated other comprehensive income | 25 | ||||||||
| Accumulated deficit | (348) | (326) | (277) | (257) | (155) | (162) | (112) | ||
| Stockholders' equity attributable to noncontrolling interest | 10 | 13 | 1 | 3 | 2 | 2 | 15 | ||
| Total stockholders' equity: | 482 | 520 | 277 | 294 | 261 | 296 | 409 | ||
| Other undisclosed liabilities and equity | 11 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 1,585 | 1,732 | 1,041 | 1,005 | 1,102 | 1,310 | 1,004 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 168 | 114 | 93 | 96 | 141 | 134 | 112 | |
| Revenue, net | ✕ | ✕ | ✕ | 85 | 132 | 130 | 110 | |
| Operating lease, lease income | 123 | 100 | ✕ | ✕ | ✕ | ✕ | ||
| 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 income | 109 | 19 | ||||||
| Operating income (loss): | 48 | (15) | (40) | (20) | (42) | (28) | (11) | |
| Nonoperating income (expense) | 2 | 3 | (10) | 93 | 242 | 0 | 19 | |
| Investment income, nonoperating | 10 | 6 | 2 | 82 | 257 | 0 | 14 | |
| 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) | 41 | 162 | (57) | (7) | |
| Income (loss) from equity method investments | 0 | 2 | (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) | 34 | 164 | (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) | 33 | 164 | (58) | 7 | |
| Other undisclosed net income | 46 | 29 | ||||||
| Net income (loss): | (12) | (49) | (15) | 33 | 211 | (29) | 7 | |
| Net income (loss) attributable to noncontrolling interest | 2 | 1 | (2) | 0 | 0 | 0 | (5) | |
| Other undisclosed net loss attributable to parent | (1) | (1) | ||||||
| Net income (loss) available to common stockholders, diluted: | (11) | (49) | (17) | 34 | 211 | (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) | 33 | 211 | (29) | 7 | |
| Other comprehensive income | 25 | |||||||
| Comprehensive income (loss): | (12) | (49) | (15) | 33 | 236 | (29) | 7 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 2 | 1 | (2) | 0 | 0 | 0 | (5) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (10) | (48) | (17) | 34 | 236 | (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.