Pennsylvania Real Estate Investment Trust (PEI) financial statements (2021 and earlier)

Company profile

Business Address ONE COMMERCE SQUARE
PHILADELPHIA, PA 19103
State of Incorp. PA
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)

12/31/2020
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 investments43121815102340
Cash and cash equivalents43121815102340
Receivables(1)(3)(7)(7)(6)(6)(12)
Disposal group, including discontinued operation  22 47126 
Assets held-for-sale, not part of disposal group113    
Total current assets:43223485014329
Noncurrent Assets
Operating lease, right-of-use asset 24
Property, plant and equipment509564580605603584503
Long-term investments and receivables27160131217169161141
Long-term investments27160131217169161141
Intangible assets, net (including goodwill), including:1113181820226
Goodwill5555556
Intangible assets, net (excluding goodwill)(19)(18)(16)(13)(11)(13)(12)
Other undisclosed intangible assets, net (including goodwill)25262826263013
Total noncurrent assets:548761729839792767650
Other undisclosed assets1,5861,5681,6421,7411,7751,8971,861
TOTAL ASSETS:2,1772,3512,4052,5892,6172,8072,540
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation  547548397400130
Long-term debt, excluding current maturities  547548397400130
Total noncurrent liabilities:  547548397400130
Other undisclosed liabilities2,0501,9241,3111,2801,5171,6221,565
Total liabilities:2,0501,9241,8591,8281,9142,0221,695
Stockholders' equity
Stockholders' equity attributable to parent, including:131424441624555629815
Common stock80787070706969
Additional paid in capital1,7721,7671,6711,6641,4821,4761,474
Accumulated other comprehensive income (loss)(21)(13)572(4)(6)
Other undisclosed stockholders' equity attributable to parent(1,699)(1,408)(1,306)(1,117)(998)(912)(722)
Stockholders' equity attributable to noncontrolling interest(4)410613714715529
Total stockholders' equity:127427547761702785845
TOTAL LIABILITIES AND EQUITY:2,1772,3512,4052,5892,6172,8072,540

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues262337362367400425433
Revenue, net362395420705
Cost of revenue(218)(183)(141)(140)(156)(170)(180)
Cost of goods and services sold15 107(140)(156)(170)(180)
Gross profit:44154221227244255252
Operating expenses(168)(181)    (370)
Operating income (loss):(124)(27)221227244255(118)
Nonoperating income (expense)
(gain on Contract Termination)
      2
Interest and debt expense(86)(39)(61)(58)(71)(81)(82)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes8639(310)(223)(228)(326)158
Loss from continuing operations before income taxes:(124)(27)(150)(55)(55)(152)(39)
Other undisclosed income (loss) from continuing operations(143)142422422225
Net loss:(267)(13)(127)(33)(13)(130)(14)
Net income attributable to noncontrolling interest721641130
Net loss attributable to parent:(260)(11)(110)(29)(11)(117)(14)
Preferred stock dividends and other adjustments(27)(27)(27)(32)(16)(16)(16)
Net loss available to common stockholders, diluted:(287)(38)(138)(61)(27)(133)(30)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(267)(13)(127)(33)(13)(130)(14)
Other comprehensive income (loss)(8)(19)(2)6721
Comprehensive loss:(275)(32)(129)(27)(6)(128)(14)
Comprehensive income, net of tax, attributable to noncontrolling interest731631130
Comprehensive loss, net of tax, attributable to parent:(268)(29)(112)(24)(6)(115)(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.

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