Seritage Growth Properties (SRG) financial statements (2021 and earlier)

Company profile

Business Address 500 FIFTH AVENUE
NEW YORK, NY 10110
State of Incorp. MD
Fiscal Year End December 31
SIC 65 - Real Estate (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1441395332425263
Cash and cash equivalents1441395332425263
Total current assets:1441395332425263
Noncurrent Assets
Operating lease, right-of-use asset 19
Property, plant and equipment593667697800840841
Long-term investments and receivables   298429429
Long-term investments   298429429
Intangible assets, net (including goodwill)1968124310464579
Intangible assets, net (excluding goodwill)1968124310464579
Total noncurrent assets:6117548201,4081,7331,848
Other undisclosed assets1,8941,8581,5231,127927922
TOTAL ASSETS:2,6492,7512,8762,7762,7122,833
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,7661,7071,7261,4551,2881,263
Total liabilities:1,7661,7071,7261,4551,2881,263
Stockholders' equity
Stockholders' equity attributable to parent, including:649731781887805887
Additional paid in capital1,1771,1501,1251,116926925
Accumulated deficit(529)(419)(344)(230)(121)(38)
Other undisclosed stockholders' equity attributable to parent000000
Stockholders' equity attributable to noncontrolling interest234312370434620683
Total stockholders' equity:8831,0431,1501,3211,4241,570
TOTAL LIABILITIES AND EQUITY:2,6492,7512,8762,7762,7122,833

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues116169215241249 
Revenue, net241249 
Operating lease, lease income119151
Operating leases, income statement, lease revenue156
Cost of revenue(41)(81)(71)(65)(65) 
Cost of goods and services sold(41)(42)(29)(20)(22) 
Gross profit:7588144176183 
Operating expenses(189)(144)(262)(290)(214) 
Operating loss:(114)(56)(118)(115)(30) 
Nonoperating income
(Investment Income, Nonoperating)
27 60  
Interest and debt expense(91)(95)(90)(70)(64) 
Loss from continuing operations before equity method investments, income taxes:(203)(144)(208)(124)(94) 
Income (loss) from equity method investments(5)(18)(10)(8)5 
Other undisclosed income (loss) from continuing operations before income taxes557110412(1) 
Loss from continuing operations before income taxes:(153)(90)(115)(121)(91) 
Income tax expense(0)(0)(0)(0)(1) 
Net loss:(153)(91)(115)(121)(91) 
Net income attributable to noncontrolling interest4831414739 
Net loss attributable to parent:(105)(59)(73)(74)(52) 
Preferred stock dividends and other adjustments(5)(5)(5)(0)  
Net loss available to common stockholders, diluted:(110)(64)(78)(74)(52) 

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(153)(91)(115)(121)(91) 
Comprehensive loss:(153)(91)(115)(121)(91) 
Comprehensive income, net of tax, attributable to noncontrolling interest4831414739 
Comprehensive loss, net of tax, attributable to parent:(105)(59)(73)(74)(52) 

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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