Pennsylvania Real Estate Investment Trust (PEI) financial statements (2022 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)

12/31/2021
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 investments44431218151023
Cash and cash equivalents44431218151023
Receivables(1)(1)(3)(7)(7)(6)(6)
Disposal group, including discontinued operation   22 47126
Assets held-for-sale, not part of disposal group9113    
Total current assets:52432234850143
Noncurrent Assets
Operating lease, right-of-use asset  24
Property, plant and equipment490509564580605603584
Long-term investments and receivables1727160131217169161
Long-term investments1727160131217169161
Intangible assets, net (including goodwill), including:10111318182022
Goodwill5555555
Intangible assets, net (excluding goodwill)(22)(19)(18)(16)(13)(11)(13)
Other undisclosed intangible assets, net (including goodwill)26252628262630
Total noncurrent assets:516548761729839792767
Other undisclosed assets1,4841,5861,5681,6421,7411,7751,897
TOTAL ASSETS:2,0522,1772,3512,4052,5892,6172,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation   547548397400
Long-term debt, excluding current maturities   547548397400
Total noncurrent liabilities:   547548397400
Other undisclosed liabilities2,0452,0501,9241,3111,2801,5171,622
Total liabilities:2,0452,0501,9241,8591,8281,9142,022
Stockholders' equity
Stockholders' equity attributable to parent, including:16131424441624555629
Common stock80807870707069
Additional paid in capital1,7771,7721,7671,6711,6641,4821,476
Accumulated other comprehensive income (loss)(9)(21)(13)572(4)
Other undisclosed stockholders' equity attributable to parent(1,832)(1,699)(1,408)(1,306)(1,117)(998)(912)
Stockholders' equity attributable to noncontrolling interest(9)(4)4106137147155
Total stockholders' equity:7127427547761702785
TOTAL LIABILITIES AND EQUITY:2,0522,1772,3512,4052,5892,6172,807

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
Revenues296262337362367400425
Revenue, net362395420
Operating lease, lease income270 3
Cost of revenue(252)(218)(183)(141)(140)(156)(170)
Cost of goods and services sold1715 107(140)(156)(170)
Gross profit:4544154221227244255
Operating expenses(177)(168)(181)    
Operating income (loss):(132)(124)(27)221227244255
Interest and debt expense(123)(86)(39)(61)(58)(71)(81)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1238639(310)(223)(228)(326)
Loss from continuing operations before income taxes:(132)(124)(27)(150)(55)(55)(152)
Other undisclosed income (loss) from continuing operations(4)(143)1424224222
Net loss:(136)(267)(13)(127)(33)(13)(130)
Net income attributable to noncontrolling interest372164113
Net loss attributable to parent:(133)(260)(11)(110)(29)(11)(117)
Preferred stock dividends and other adjustments(27)(27)(27)(27)(32)(16)(16)
Net loss available to common stockholders, diluted:(160)(287)(38)(138)(61)(27)(133)

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 loss:(136)(267)(13)(127)(33)(13)(130)
Other comprehensive income (loss)12(8)(19)(2)672
Comprehensive loss:(124)(275)(32)(129)(27)(6)(128)
Comprehensive income, net of tax, attributable to noncontrolling interest373163113
Comprehensive loss, net of tax, attributable to parent:(121)(268)(29)(112)(24)(6)(115)

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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