Piedmont Office Realty Trust, Inc. (PDM) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7714577
Cash and cash equivalents7714577
Total current assets:7714577
Noncurrent Assets
Operating lease, right-of-use asset00 
Property, plant and equipment573541536523557705
Intangible assets, net (including goodwill)193190180177177199
Goodwill999999999999
Intangible assets, net (excluding goodwill)9491817878100
Total noncurrent assets:767731716700733903
Other undisclosed assets3,1573,0022,7872,8883,2593,458
TOTAL ASSETS:3,9313,7403,5173,5924,0004,368
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt393534384252
Liability for uncertainty in income taxes  1244
Off-market lease, unfavorable393533363848
Total noncurrent liabilities:393534384252
Other undisclosed liabilities2,1041,8061,6641,8421,9712,219
Total liabilities:2,1431,8421,6981,8802,0132,270
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7861,8961,8171,7101,9852,096
Common stock111111
Additional paid in capital3,7023,6943,6863,6833,6773,673
Accumulated other comprehensive income (loss)(18)(24)1882
Other undisclosed stockholders' equity attributable to parent(1,899)(1,775)(1,871)(1,983)(1,702)(1,581)
Stockholders' equity attributable to noncontrolling interest222222
Total stockholders' equity:1,7871,8981,8191,7121,9862,098
TOTAL LIABILITIES AND EQUITY:3,9313,7403,5173,5924,0004,368

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues529535533526574556
Revenue, net574556
Operating lease, lease income515520 
Operating leases, income statement, lease revenue412
Cost of revenue(211)(215)(317) (221)(219)
Cost of goods and services sold(211)(215)(211) (221)(219)
Gross profit:318320216526354337
Operating expenses(278)(231)(124)(410)(493)(485)
Other undisclosed operating income    221219
Operating income:4089921168171
Nonoperating income (expense)(41)14413715(64)(64)
Other nonoperating income (expense)103221(0)
Interest and debt expense(51)(64)(0)(0)(68)(65)
Income (loss) from continuing operations before income taxes:(52)168229130(50)(59)
Income tax expense (benefit)0(0)    
Other undisclosed income from continuing operations   06865
Income (loss) before gain (loss) on sale of properties:(52)168229130186
Gain on sale of properties, net of applicable income taxes    11693
Other undisclosed net income51640   
Net income (loss):(1)233229130134100
Net income attributable to noncontrolling interest000000
Net income (loss) available to common stockholders, diluted:(1)233229130134100

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(1)233229130134100
Comprehensive income (loss):(1)233229130134100
Comprehensive income, net of tax, attributable to noncontrolling interest000000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(25)(7)060
Comprehensive income, net of tax, attributable to parent:5208222131140100

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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