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)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 12 | 18 | 15 | 10 | 23 | 40 | 34 | ||
| Cash and cash equivalents | 12 | 18 | 15 | 10 | 23 | 40 | 34 | ||
| Receivables | (3) | (7) | (7) | (6) | (6) | (12) | (13) | ||
| Disposal group, including discontinued operation | 22 | 47 | 126 | ||||||
| Assets held-for-sale, not part of disposal group | 13 | ✕ | ✕ | ||||||
| Total current assets: | 22 | 34 | 8 | 50 | 143 | 29 | 21 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 24 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 564 | 580 | 605 | 603 | 584 | 503 | 547 | ||
| Long-term investments and receivables | 160 | 131 | 217 | 169 | 161 | 141 | 16 | ||
| Long-term investments | 160 | 131 | 217 | 169 | 161 | 141 | 16 | ||
| Intangible assets, net (including goodwill), including: | 13 | 18 | 18 | 20 | 22 | 6 | 9 | ||
| Goodwill | 5 | 5 | 5 | 5 | 5 | 6 | 6 | ||
| Intangible assets, net (excluding goodwill) | (18) | (16) | (13) | (11) | (13) | (12) | (15) | ||
| Other undisclosed intangible assets, net (including goodwill) | 26 | 28 | 26 | 26 | 30 | 13 | 18 | ||
| Total noncurrent assets: | 761 | 729 | 839 | 792 | 767 | 650 | 572 | ||
| Other undisclosed assets | 1,568 | 1,642 | 1,741 | 1,775 | 1,897 | 1,861 | 2,125 | ||
| TOTAL ASSETS: | 2,351 | 2,405 | 2,589 | 2,617 | 2,807 | 2,540 | 2,719 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 547 | 548 | 397 | 400 | 130 | ||||
| Long-term debt, excluding current maturities | 547 | 548 | 397 | 400 | 130 | ||||
| Total noncurrent liabilities: | 547 | 548 | 397 | 400 | 130 | ||||
| Other undisclosed liabilities | 1,924 | 1,311 | 1,280 | 1,517 | 1,622 | 1,565 | 1,792 | ||
| Total liabilities: | 1,924 | 1,859 | 1,828 | 1,914 | 2,022 | 1,695 | 1,792 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 424 | 441 | 624 | 555 | 629 | 815 | 892 | ||
| Common stock | 78 | 70 | 70 | 70 | 69 | 69 | 68 | ||
| Additional paid in capital | 1,767 | 1,671 | 1,664 | 1,482 | 1,476 | 1,474 | 1,467 | ||
| Accumulated other comprehensive income (loss) | (13) | 5 | 7 | 2 | (4) | (6) | (7) | ||
| Other undisclosed stockholders' equity attributable to parent | (1,408) | (1,306) | (1,117) | (998) | (912) | (722) | (637) | ||
| Stockholders' equity attributable to noncontrolling interest | 4 | 106 | 137 | 147 | 155 | 29 | 34 | ||
| Total stockholders' equity: | 427 | 547 | 761 | 702 | 785 | 845 | 926 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,351 | 2,405 | 2,589 | 2,617 | 2,807 | 2,540 | 2,719 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 337 | 362 | 367 | 400 | 425 | 433 | 439 | |
| Revenue, net | ✕ | ✕ | 362 | 395 | 420 | 705 | 715 | |
| Cost of revenue | (183) | (141) | (140) | (156) | (170) | (180) | ||
| Cost of goods and services sold | 107 | (140) | (156) | (170) | (180) | |||
| Gross profit: | 154 | 221 | 227 | 244 | 255 | 252 | 439 | |
| Operating expenses | (181) | (370) | (221) | |||||
| Other operating income, net (Other Expenses) | 47 | |||||||
| Operating income (loss): | (27) | 221 | 227 | 244 | 255 | (118) | 265 | |
| Nonoperating income (expense) (gain on Contract Termination) | 2 | 2 | ||||||
| Interest and debt expense | (39) | (61) | (58) | (71) | (81) | (82) | (99) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 39 | (310) | (223) | (228) | (326) | 158 | (198) | |
| Loss from continuing operations before income taxes: | (27) | (150) | (55) | (55) | (152) | (39) | (30) | |
| Other undisclosed income from continuing operations | 14 | 24 | 22 | 42 | 22 | 25 | 10 | |
| Loss from continuing operations: | (13) | (127) | (33) | (13) | (130) | (14) | (20) | |
| Income from discontinued operations | 58 | |||||||
| Net income (loss): | (13) | (127) | (33) | (13) | (130) | (14) | 37 | |
| Net income (loss) attributable to noncontrolling interest | 2 | 16 | 4 | 1 | 13 | 0 | (1) | |
| Net income (loss) attributable to parent: | (11) | (110) | (29) | (11) | (117) | (14) | 36 | |
| Preferred stock dividends and other adjustments | (27) | (27) | (32) | (16) | (16) | (16) | (16) | |
| Net income (loss) available to common stockholders, diluted: | (38) | (138) | (61) | (27) | (133) | (30) | 20 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (13) | (127) | (33) | (13) | (130) | (14) | 37 | |
| Other comprehensive income (loss) | (19) | (2) | 6 | 7 | 2 | 1 | 15 | |
| Comprehensive income (loss): | (32) | (129) | (27) | (6) | (128) | (14) | 52 | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 3 | 16 | 3 | 1 | 13 | 0 | 2 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (4) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (29) | (112) | (24) | (6) | (115) | (13) | 50 | |
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.