Piedmont Office Realty Trust, Inc. (PDM) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14577512
Cash and cash equivalents14577512
Total current assets:14577512
Noncurrent Assets
Property, plant and equipment536523557705707766
Intangible assets, net (including goodwill)180177177199265250
Goodwill99999999180180
Intangible assets, net (excluding goodwill)8178781008570
Total noncurrent assets:7167007339039721,016
Other undisclosed assets2,7872,8883,2593,4583,4573,767
TOTAL ASSETS:3,5173,5924,0004,3684,4354,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt343842524747
Liability for uncertainty in income taxes124444
Off-market lease, unfavorable333638484343
Total noncurrent liabilities:343842524747
Other undisclosed liabilities1,6641,8421,9712,2192,1912,436
Total liabilities:1,6981,8802,0132,2702,2382,483
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8171,7101,9852,0962,1952,310
Common stock111112
Additional paid in capital3,6863,6833,6773,6733,6703,666
Accumulated other comprehensive income188228
Other undisclosed stockholders' equity attributable to parent(1,871)(1,983)(1,702)(1,581)(1,478)(1,366)
Stockholders' equity attributable to noncontrolling interest222212
Total stockholders' equity:1,8191,7121,9862,0982,1962,312
TOTAL LIABILITIES AND EQUITY:3,5173,5924,0004,3684,4354,796

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues533526574556585566
Revenue, net574556585562
Operating leases, income statement, lease revenue412
Cost of revenue(317) (221)(219)(242)(239)
Cost of goods and services sold(211) (221)(219)(242)(239)
Gross profit:216526354337343327
Operating expenses(124)(410)(493)(485)(508)(458)
Other undisclosed operating income  221219242239
Operating income:92116817177108
Nonoperating income (expense)13715(64)(64)(72)(68)
Interest and debt expense(0)(0)(68)(65)(74)(74)
Income (loss) from continuing operations before equity method investments, income taxes:229130(50)(59)(69)(34)
Loss from equity method investments     (0)
Income (loss) from continuing operations before income taxes:229130(50)(59)(69)(35)
Income tax expense     (3)
Other undisclosed income from continuing operations 068657478
Income from continuing operations:229130186540
Income from discontinued operations    02
Income before gain (loss) on sale of properties:229130186542
Gain on sale of properties, net of applicable income taxes  116931681
Other undisclosed net income0     
Net income:22913013410017343
Net income attributable to noncontrolling interest000000
Other undisclosed net loss attributable to parent    (0)(0)
Net income available to common stockholders, diluted:22913013410017343

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:22913013410017343
Comprehensive income:22913013410017343
Comprehensive income, net of tax, attributable to noncontrolling interest000000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)060(7)(12)
Comprehensive income, net of tax, attributable to parent:22213114010016631

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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