PS Business Parks, Inc. (PSB) financial statements (2021 and earlier)

Company profile

Business Address 701 WESTERN AVE
GLENDALE, CA 91201
State of Incorp. CA
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 investments696337115129189152
Cash and cash equivalents696337115129189152
Total current assets:696337115129189152
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment1,8931,8931,9501,7681,8571,9262,008
Long-term investments and receivables   1016727 
Long-term investments   1016727 
Intangible assets, net (including goodwill)346 (9)(9)(8)
Intangible assets, net (excluding goodwill)346 (9)(9)(8)
Total noncurrent assets:1,8971,8981,9571,8691,9151,9452,000
Other undisclosed assets918575116765375
TOTAL ASSETS:2,0582,0462,0692,1002,1192,1872,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities828585210309326319
Total liabilities:828585210309326319
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7571,7461,7651,6931,6131,6601,713
Preferred stock945945960960880920995
Common stock0000000
Additional paid in capital738737736735734722709
Retained earnings      1,245
Other undisclosed stockholders' equity attributable to parent746469(2)(0)18(1,236)
Stockholders' equity attributable to noncontrolling interest219216218197197200195
Total stockholders' equity:1,9761,9621,9831,8901,8111,8611,908
TOTAL LIABILITIES AND EQUITY:2,0582,0462,0692,1002,1192,1872,227

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
Revenues416430414402387374377
Revenue, net402387373376
Operating lease, lease income319333
Cost of revenue
(Cost of Goods and Services Sold)
  (127)(0)(0)(0)(127)
Gross profit:416430287402387374249
Operating expenses(236)(246)(236)(229)(237)(240)(251)
Other undisclosed operating income   0   
Operating income (loss):17918351173150133(2)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
041(0)(5)(13)(13)
Interest and debt expense(1)(1)(1)(0)   
Income (loss) from continuing operations before equity method investments, income taxes:17918751172145121(15)
Loss from equity method investments   (1)   
Income (loss) from continuing operations before income taxes:17918751171145121(15)
Other undisclosed income from continuing operations      220
Income before gain (loss) on sale of properties:17918751171145121205
Gain on sale of properties, net of applicable income taxes2717931 28 
Other undisclosed net income11127700 
Net income:207204272179145149205
Net loss attributable to noncontrolling interest(33)(29)(45)(24)(17)(18)(31)
Net income attributable to parent:174175227155128130174
Preferred stock dividends and other adjustments(48)(65)(52)(64)   
Other undisclosed net loss available to common stockholders, basic(1)(1)(2)(1)(65)(62) 
Net income available to common stockholders, diluted:125109173906368174

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 income:207204272179145149205
Comprehensive income:207204272179145149205
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(33)(29)(45)(24)(17)(18)31
Comprehensive income, net of tax, attributable to parent:174175227155128130235

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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