PS Business Parks, Inc. (PSB) financial statements (2020 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)

12/31/2019
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 investments633711512918915231
Cash and cash equivalents633711512918915231
Total current assets:633711512918915231
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment1,8931,9501,7681,8571,9262,0082,139
Long-term investments and receivables  1016727  
Long-term investments  1016727  
Intangible assets, net (including goodwill)46 (9)(9)(8)(7)
Intangible assets, net (excluding goodwill)46 (9)(9)(8)(7)
Total noncurrent assets:1,8981,9571,8691,9151,9452,0002,132
Other undisclosed assets857511676537575
TOTAL ASSETS:2,0462,0692,1002,1192,1872,2272,239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8585210309326319324
Total liabilities:8585210309326319324
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7461,7651,6931,6131,6601,7131,718
Preferred stock945960960880920995995
Common stock0000000
Additional paid in capital737736735734722709699
Retained earnings     1,2451,071
Other undisclosed stockholders' equity attributable to parent6469(2)(0)18(1,236)(1,048)
Stockholders' equity attributable to noncontrolling interest216218197197200195197
Total stockholders' equity:1,9621,9831,8901,8111,8611,9081,915
TOTAL LIABILITIES AND EQUITY:2,0462,0692,1002,1192,1872,2272,239

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
Revenues430414402387374377360
Revenue, net402387373376359
Operating lease, lease income333
Cost of revenue
(Cost of Goods and Services Sold)
 (127)(0)(0)(0)(127)(115)
Gross profit:430287402387374249245
Operating expenses(246)(236)(229)(237)(240)(251)(115)
Other undisclosed operating income  0    
Operating income (loss):18351173150133(2)130
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
41(0)(5)(13)(13)(15)
Interest and debt expense(1)(1)(0)    
Income (loss) from continuing operations before equity method investments, income taxes:18751172145121(15)115
Loss from equity method investments  (1)    
Income (loss) from continuing operations before income taxes:18751171145121(15)115
Other undisclosed income from continuing operations     2201
Income before gain (loss) on sale of properties:18751171145121205116
Gain on sale of properties, net of applicable income taxes17931 28  
Other undisclosed net income1127700  
Net income:204272179145149205116
Net loss attributable to noncontrolling interest(29)(45)(24)(17)(18)(31)(13)
Net income attributable to parent:175227155128130174103
Preferred stock dividends and other adjustments(65)(52)(64)    
Other undisclosed net loss available to common stockholders, basic(1)(2)(1)(65)(62)  
Net income available to common stockholders, diluted:109173906368174103

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:204272179145149205116
Comprehensive income:204272179145149205116
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(29)(45)(24)(17)(18)3113
Comprehensive income, net of tax, attributable to parent:175227155128130235129

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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