Safehold Inc. (SAFE) financial statements (2023 and earlier)
Company profile
| Business Address |
1114 AVENUE OF THE AMERICAS NEW YORK, NY 10036 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| SIC | 6519 - Lessors of Real Property, Not Elsewhere Classified (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 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 30 | 57 | 23 | 16 | |||
| Cash and cash equivalents | 30 | 57 | 23 | 16 | |||
| Deferred costs | 3 | 2 | 1 | 2 | 0 | ||
| Total current assets: | 33 | 59 | 24 | 19 | 0 | ||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 27 | 29 | 30 | ✕ | ✕ | ||
| Property, plant and equipment | 548 | 559 | 495 | 478 | 221 | ||
| Long-term investments and receivables | 173 | 130 | 128 | ||||
| Long-term investments | 173 | 130 | 128 | ||||
| Intangible assets, net (including goodwill) | 224 | 242 | 243 | 263 | 139 | ||
| Intangible assets, net (excluding goodwill) | 224 | 242 | 243 | 263 | 139 | ||
| Total noncurrent assets: | 973 | 960 | 895 | 740 | 359 | ||
| Other undisclosed assets | 3,510 | 2,191 | 1,648 | 221 | |||
| TOTAL ASSETS: | 4,516 | 3,209 | 2,567 | 980 | 360 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Noncurrent Liabilities | |||||||
| Other undisclosed liabilities | 2,831 | 1,828 | 1,473 | 622 | |||
| Total liabilities: | 2,831 | 1,828 | 1,473 | 622 | |||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent | 1,682 | 1,379 | 1,092 | 355 | |||
| Common stock | 1 | 1 | 0 | 0 | |||
| Additional paid in capital | 1,663 | 1,412 | 1,133 | 371 | |||
| Accumulated other comprehensive loss | (41) | (57) | (39) | (7) | |||
| Retained earnings (accumulated deficit) | 59 | 24 | (2) | (8) | |||
| Stockholders' equity attributable to noncontrolling interest | 3 | 2 | 1 | 2 | |||
| Total stockholders' equity: | 1,685 | 1,381 | 1,093 | 357 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,516 | 3,209 | 2,567 | 980 | |||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues | 187 | 155 | 93 | 4 | ||
| Sales-type lease, interest income | 119 | 82 | 19 | ✕ | ✕ | |
| Operating lease, lease income | 68 | 72 | 72 | ✕ | ✕ | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 4 | ✕ | |
| Cost of revenue | (83) | (67) | (33) | |||
| Gross profit: | 104 | 88 | 60 | 4 | ||
| Operating expenses | (38) | (32) | (24) | |||
| Other operating expense, net (Other Expenses) | (1) | (0) | (1) | |||
| Other undisclosed operating income | 1 | 0 | ||||
| Operating income: | 65 | 56 | 35 | 4 | ||
| Nonoperating income (expense) (gain on Contract Termination) | 2 | |||||
| Interest and debt expense | (80) | (64) | (30) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (14) | (8) | 5 | 5 | ||
| Income from equity method investments | 6 | 3 | ||||
| Income (loss) from continuing operations: | (8) | (5) | 5 | 5 | ||
| Other undisclosed income before gain (loss) on sale of properties | 31 | |||||
| Income (loss) before gain (loss) on sale of properties: | (8) | (5) | 36 | 5 | ||
| Other undisclosed net income (loss) | 82 | 64 | (2) | 7 | ||
| Net income: | 73 | 59 | 34 | 12 | ||
| Net loss attributable to noncontrolling interest | (0) | (0) | (6) | (0) | ||
| Net income available to common stockholders, diluted: | 73 | 59 | 28 | 12 | ||
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income: | 73 | 59 | 34 | 12 | ||
| Other comprehensive income (loss) | 16 | (18) | (32) | |||
| Comprehensive income: | 90 | 41 | 1 | 12 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (2) | (0) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 90 | 41 | (1) | 12 | ||
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.