Spirit Realty Capital, Inc. (SRC) financial statements (2021 and earlier)

Company profile

Business Address 2727 NORTH HARWOOD STREET
DALLAS, TX 75201
State of Incorp. MD
Fiscal Year End December 31
SIC 6512 - Operators of Nonresidential Buildings (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1416491022176
Cash and cash equivalents141491022176
Short-term investments 150    
Total current assets:1416491022176
Noncurrent Assets
Property, plant and equipment 4,7587,2817,4797,5277,194
Intangible assets, net (including goodwill)226226254254264291
Goodwill226226254254264291
Total noncurrent assets:2264,9837,5367,7347,7927,485
Other undisclosed assets5,593(51)(281)(66)78356
TOTAL ASSETS:5,8335,0967,2647,6787,8918,017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,4192,2953,9443,9964,4294,699
Total liabilities:2,4192,2953,9443,9964,4294,699
Stockholders' equity
Stockholders' equity attributable to parent3,4132,8023,3203,6823,4623,318
Preferred stock166166166   
Common stock544544
Treasury stock, value     (5)
Additional paid in capital5,6864,9965,1945,1774,7214,361
Accumulated other comprehensive loss(11)(7)  (1)(1)
Accumulated deficit(2,433)(2,357)(2,045)(1,500)(1,263)(1,041)
Total stockholders' equity:3,4132,8023,3203,6823,4623,318
TOTAL LIABILITIES AND EQUITY:5,8335,0967,2647,6787,8918,017

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues516445669686667603
Revenue, net656662650588
Operating leases, income statement, lease revenue402
Cost of revenue(133)(126)(337)(319)(324)(252)
Cost of goods and services sold(19)(21)(37)(31)(28)(23)
Gross profit:383320332367343351
Operating expenses(252)(215)(318)(321)(315)(337)
Other operating income (expense), net5545   (121)
Other expenses(120)(82)   (121)
Other undisclosed operating income     121
Operating income:18714914462815
Nonoperating income (expense)  (2)0(3)(51)
Gains on sales of other real estate     14
Other nonoperating income (expense)  (2)0(3)(65)
Interest and debt expense(101)(98)(2)0(3)(285)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 982(0)3271
Income (loss) from continuing operations before equity method investments, income taxes:86149124625(50)
Other undisclosed income from continuing operations before income taxes101     
Income (loss) from continuing operations before income taxes:187149124625(50)
Income tax expense(12)(1)(0)(1)(1)(1)
Income (loss) from continuing operations:175148124524(51)
Income from discontinued operations    04
Other undisclosed income before gain (loss) on sale of properties    1 
Income (loss) before gain (loss) on sale of properties:175148124525(47)
Gain on sale of properties, net of applicable income taxes  6552  
Net income (loss):175148779725(47)
Other undisclosed net income (loss) attributable to parent (16)  6813
Net income (loss) attributable to parent:175132779793(34)
Preferred stock dividends and other adjustments(10)(10)(3)   
Net income (loss) available to common stockholders, basic:165122759793(34)
Dilutive securities, effect on basic earnings per share1(1)(1)   
Other undisclosed net loss available to common stockholders, diluted(2)  (1)(1)(1)
Net income (loss) available to common stockholders, diluted:164121749793(35)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):175148779725(47)
Other comprehensive income (loss)(4)(7) 10(0)
Comprehensive income (loss):171141779825(47)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10)(27)(3) 6813
Comprehensive income (loss), net of tax, attributable to parent:161115759893(34)

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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