Piedmont Office Realty Trust, Inc. (PDM) financial statements (2021 and earlier)

Company profile

Business Address 5565 GLENRIDGE CONNECTOR
ATLANTA, GA 30342
State of Incorp. MD
Fiscal Year End December 31
SIC 6512 - Operators of Nonresidential Buildings (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments7145775
Cash and cash equivalents7145775
Total current assets:7145775
Noncurrent Assets
Operating lease, right-of-use asset0 
Property, plant and equipment541536523557705707
Intangible assets, net (including goodwill)190180177177199265
Goodwill9999999999180
Intangible assets, net (excluding goodwill)9181787810085
Total noncurrent assets:731716700733903972
Other undisclosed assets3,0022,7872,8883,2593,4583,457
TOTAL ASSETS:3,7403,5173,5924,0004,3684,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt353438425247
Liability for uncertainty in income taxes 12444
Off-market lease, unfavorable353336384843
Total noncurrent liabilities:353438425247
Other undisclosed liabilities1,8061,6641,8421,9712,2192,191
Total liabilities:1,8421,6981,8802,0132,2702,238
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8961,8171,7101,9852,0962,195
Common stock111111
Additional paid in capital3,6943,6863,6833,6773,6733,670
Accumulated other comprehensive income (loss)(24)18822
Other undisclosed stockholders' equity attributable to parent(1,775)(1,871)(1,983)(1,702)(1,581)(1,478)
Stockholders' equity attributable to noncontrolling interest222221
Total stockholders' equity:1,8981,8191,7121,9862,0982,196
TOTAL LIABILITIES AND EQUITY:3,7403,5173,5924,0004,3684,435

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues535533526574556585
Revenue, net574556585
Operating lease, lease income520 
Operating leases, income statement, lease revenue412
Cost of revenue(215)(317) (221)(219)(242)
Cost of goods and services sold(215)(211) (221)(219)(242)
Gross profit:320216526354337343
Operating expenses(231)(124)(410)(493)(485)(508)
Other undisclosed operating income   221219242
Operating income:8992116817177
Nonoperating income (expense)14413715(64)(64)(72)
Interest and debt expense(64)(0)(0)(68)(65)(74)
Income (loss) from continuing operations before income taxes:168229130(50)(59)(69)
Income tax expense(0)     
Other undisclosed income from continuing operations  0686574
Income from continuing operations:1682291301865
Income from discontinued operations     0
Income before gain (loss) on sale of properties:1682291301865
Gain on sale of properties, net of applicable income taxes   11693168
Other undisclosed net income640    
Net income:233229130134100173
Net income attributable to noncontrolling interest000000
Other undisclosed net loss attributable to parent     (0)
Net income available to common stockholders, diluted:233229130134100173

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:233229130134100173
Comprehensive income:233229130134100173
Comprehensive income, net of tax, attributable to noncontrolling interest000000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(25)(7)060(7)
Comprehensive income, net of tax, attributable to parent:208222131140100166

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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