Spirit Realty Capital, Inc. (SRC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18701416491022
Cash and cash equivalents1870141491022
Short-term investments   150   
Total current assets:18701416491022
Noncurrent Assets
Property, plant and equipment7,4796,393 4,7587,2817,4797,527
Intangible assets, net (including goodwill)653594226226254254291
Goodwill226226226226254254291
Intangible assets, net (excluding goodwill)427368     
Total noncurrent assets:8,1316,9862264,9837,5367,7347,819
Other undisclosed assets(818)(660)5,593(51)(281)(66)78
TOTAL ASSETS:7,3316,3975,8335,0967,2647,6787,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,3312,7962,4192,2953,9443,9964,429
Total liabilities:3,3312,7962,4192,2953,9443,9964,429
Stockholders' equity
Stockholders' equity attributable to parent4,0003,6013,4132,8023,3203,6823,490
Preferred stock166166166166166  
Common stock6654454
Additional paid in capital6,6736,1275,6864,9965,1945,1774,721
Accumulated other comprehensive loss(6)(9)(11)(7)  (1)
Accumulated deficit(2,840)(2,689)(2,433)(2,357)(2,045)(1,500)(1,235)
Total stockholders' equity:4,0003,6013,4132,8023,3203,6823,490
TOTAL LIABILITIES AND EQUITY:7,3316,3975,8335,0967,2647,6787,919

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues608484516445669686667
Revenue, net656662650
Operating lease, lease income606480 
Operating leases, income statement, lease revenue402
Cost of revenue(127)(131)(133)(126)(337)(319)(323)
Cost of goods and services sold(23)(24)(19)(21)(37)(31)(28)
Gross profit:481353383320332367344
Operating expenses(321)(342)(252)(215)(318)(321)(315)
Other operating income, net12175545   
Other expenses(101)(157)(120)(82)   
Operating income:17227187149144629
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
    (2)0(3)
Interest and debt expense(103)(104)(101)(98)(2)0(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   982(0)3
Income (loss) from continuing operations before equity method investments, income taxes:69(77)86149124626
Other undisclosed income from continuing operations before income taxes103104101    
Income from continuing operations before income taxes:17227187149124626
Income tax expense(1)(0)(12)(1)(0)(1)(1)
Income from continuing operations:17227175148124525
Income from discontinued operations      0
Other undisclosed income before gain (loss) on sale of properties      1
Income before gain (loss) on sale of properties:17227175148124526
Gain on sale of properties, net of applicable income taxes    655289
Net income:172271751487797115
Other undisclosed net loss attributable to parent   (16)   
Net income attributable to parent:172271751327797115
Preferred stock dividends and other adjustments(10)(10)(10)(10)(3)  
Net income available to common stockholders, basic:161161651227597115
Dilutive securities, effect on basic earnings per share(1)(1)1(1)(1)  
Other undisclosed net loss available to common stockholders, diluted  (2)  (1)(1)
Net income available to common stockholders, diluted:161161641217497114

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:172271751487797115
Other comprehensive income (loss)33(4)(7) 10
Comprehensive income:175301711417798115
Other undisclosed comprehensive loss, net of tax, attributable to parent(10)(10)(10)(27)(3)  
Comprehensive income, net of tax, attributable to parent:164191611157598115

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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