Phillips Edison & Company, Inc. (PECO) financial statements (2022 and earlier)

Company profile

Business Address 11501 NORTHLAKE DRIVE
CINCINNATI, OH 45249
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 investments9310418176841
Cash and cash equivalents9310418176841
Restricted cash and investments  38    
Receivables   56  
Prepaid expense    4  
Deferred costs4038403736  
Derivative instruments and hedges, assets  33016  
Assets held-for-sale, not part of disposal group2 617   
Total current assets:13414210410669841
Noncurrent Assets
Operating lease, right-of-use asset 12
Property, plant and equipment1,5871,5491,5531,5981,122796719
Long-term investments and receivables3      
Long-term investments3      
Intangible assets, net (including goodwill)550537324384143154
Goodwill2929292929  
Intangible assets, net (excluding goodwill)52150821455143154
Regulated entity, other noncurrent assets13141718169 
Total noncurrent assets:2,1532,1011,6031,6591,222948873
Other undisclosed assets2,3812,4353,1213,3982,2361,4241,321
TOTAL ASSETS:4,6694,6794,8285,1633,5262,3802,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred compensation liability  2    
Derivative instruments and hedges, liabilities245521    
Business combination, contingent consideration, liability52223240   
Total current liabilities:77775540   
Noncurrent Liabilities
Liabilities, other than long-term debt 102112132914340
Off-market lease, unfavorable 102112132914340
Total noncurrent liabilities: 102112132914340
Other undisclosed liabilities2,1162,4842,4922,5801,9571,112903
Total liabilities:2,1922,6632,6592,7512,0471,155943
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1501,6901,8141,9981,0461,2011,267
Common stock 333222
Additional paid in capital3,2642,7392,7792,6751,6291,6271,589
Accumulated other comprehensive income (loss)(25)(52)(21)1216110
Accumulated deficit(1,091)(999)(947)(692)(601)(438)(324)
Other undisclosed stockholders' equity attributable to parent1      
Stockholders' equity attributable to noncontrolling interest3273263554154322325
Total stockholders' equity:2,4762,0162,1692,4131,4791,2251,292
TOTAL LIABILITIES AND EQUITY:4,6694,6794,8285,1633,5262,3802,235

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
Revenues533498537430312258242
Revenue, net312258242
Operating lease, lease income519485522
Operating leases, income statement, lease revenue301
Cost of revenue
(Cost of Goods and Services Sold)
(218)(219)  (54)(42)(38)
Gross profit:315279537430258216204
Operating expenses(435)(423)(534)(415)(294)(222)(196)
Operating income (loss):(120)(144)315(37)(6)7
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(34)9(1)(2)260
Interest and debt expense(78)(85)(103)(73)(46)(32)(32)
Loss before gain (loss) on sale of properties:(233)(220)(101)(59)(80)(33)(25)
Other undisclosed net income25022528106384238
Net income (loss):175(73)47(42)914
Net income (loss) attributable to noncontrolling interest(2)(1)9(8)3(0)(0)
Net income (loss) available to common stockholders, diluted:155(64)39(38)913

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):175(73)47(42)914
Other comprehensive loss (34)(38)(4)   
Other undisclosed comprehensive income32   5110
Comprehensive income (loss):49(28)(111)43(37)2014
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)114(8)3(0)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)0     
Comprehensive income (loss), net of tax, attributable to parent:43(27)(97)35(34)1913

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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