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 investments | 93 | 104 | 18 | 17 | 6 | 8 | 41 | ||
| Cash and cash equivalents | 93 | 104 | 18 | 17 | 6 | 8 | 41 | ||
| Restricted cash and investments | 38 | ||||||||
| Receivables | 5 | 6 | |||||||
| Prepaid expense | 4 | ||||||||
| Deferred costs | 40 | 38 | 40 | 37 | 36 | ||||
| Derivative instruments and hedges, assets | 3 | 30 | 16 | ||||||
| Assets held-for-sale, not part of disposal group | 2 | 6 | 17 | ||||||
| Total current assets: | 134 | 142 | 104 | 106 | 69 | 8 | 41 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1 | 2 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,587 | 1,549 | 1,553 | 1,598 | 1,122 | 796 | 719 | ||
| Long-term investments and receivables | 3 | ||||||||
| Long-term investments | 3 | ||||||||
| Intangible assets, net (including goodwill) | 550 | 537 | 32 | 43 | 84 | 143 | 154 | ||
| Goodwill | 29 | 29 | 29 | 29 | 29 | ||||
| Intangible assets, net (excluding goodwill) | 521 | 508 | 2 | 14 | 55 | 143 | 154 | ||
| Regulated entity, other noncurrent assets | 13 | 14 | 17 | 18 | 16 | 9 | |||
| Total noncurrent assets: | 2,153 | 2,101 | 1,603 | 1,659 | 1,222 | 948 | 873 | ||
| Other undisclosed assets | 2,381 | 2,435 | 3,121 | 3,398 | 2,236 | 1,424 | 1,321 | ||
| TOTAL ASSETS: | 4,669 | 4,679 | 4,828 | 5,163 | 3,526 | 2,380 | 2,235 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred compensation liability | 2 | ||||||||
| Derivative instruments and hedges, liabilities | 24 | 55 | 21 | ||||||
| Business combination, contingent consideration, liability | 52 | 22 | 32 | 40 | |||||
| Total current liabilities: | 77 | 77 | 55 | 40 | |||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 102 | 112 | 132 | 91 | 43 | 40 | |||
| Off-market lease, unfavorable | 102 | 112 | 132 | 91 | 43 | 40 | |||
| Total noncurrent liabilities: | 102 | 112 | 132 | 91 | 43 | 40 | |||
| Other undisclosed liabilities | 2,116 | 2,484 | 2,492 | 2,580 | 1,957 | 1,112 | 903 | ||
| Total liabilities: | 2,192 | 2,663 | 2,659 | 2,751 | 2,047 | 1,155 | 943 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 2,150 | 1,690 | 1,814 | 1,998 | 1,046 | 1,201 | 1,267 | ||
| Common stock | 3 | 3 | 3 | 2 | 2 | 2 | |||
| Additional paid in capital | 3,264 | 2,739 | 2,779 | 2,675 | 1,629 | 1,627 | 1,589 | ||
| Accumulated other comprehensive income (loss) | (25) | (52) | (21) | 12 | 16 | 11 | 0 | ||
| Accumulated deficit | (1,091) | (999) | (947) | (692) | (601) | (438) | (324) | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | ||||||||
| Stockholders' equity attributable to noncontrolling interest | 327 | 326 | 355 | 415 | 432 | 23 | 25 | ||
| Total stockholders' equity: | 2,476 | 2,016 | 2,169 | 2,413 | 1,479 | 1,225 | 1,292 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,669 | 4,679 | 4,828 | 5,163 | 3,526 | 2,380 | 2,235 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 533 | 498 | 537 | 430 | 312 | 258 | 242 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 312 | 258 | 242 | |
| Operating lease, lease income | 519 | 485 | 522 | ✕ | ✕ | ✕ | ✕ | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 301 | ✕ | ✕ | ✕ | |
| Cost of revenue (Cost of Goods and Services Sold) | (218) | (219) | (54) | (42) | (38) | |||
| Gross profit: | 315 | 279 | 537 | 430 | 258 | 216 | 204 | |
| Operating expenses | (435) | (423) | (534) | (415) | (294) | (222) | (196) | |
| Operating income (loss): | (120) | (144) | 3 | 15 | (37) | (6) | 7 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (34) | 9 | (1) | (2) | 2 | 6 | 0 | |
| 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 income | 250 | 225 | 28 | 106 | 38 | 42 | 38 | |
| Net income (loss): | 17 | 5 | (73) | 47 | (42) | 9 | 14 | |
| Net income (loss) attributable to noncontrolling interest | (2) | (1) | 9 | (8) | 3 | (0) | (0) | |
| Net income (loss) available to common stockholders, diluted: | 15 | 5 | (64) | 39 | (38) | 9 | 13 | |
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): | 17 | 5 | (73) | 47 | (42) | 9 | 14 | |
| Other comprehensive loss | (34) | (38) | (4) | |||||
| Other undisclosed comprehensive income | 32 | 5 | 11 | 0 | ||||
| Comprehensive income (loss): | 49 | (28) | (111) | 43 | (37) | 20 | 14 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2) | 1 | 14 | (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) | 19 | 13 | |
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.