TIER REIT INC (TIER) financial statements (2021 and earlier)

Company profile

Business Address 5950 SHERRY LANE
DALLAS, TX 75225
State of Incorp. MD
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31141512315810
Cash and cash equivalents31141512315810
Total current assets:31141512315810
Noncurrent Assets
Property, plant and equipment1541,6541,7232,1402863182,230
Intangible assets, net (including goodwill), including:10187101022206
Intangible assets, net (excluding goodwill)10187628495134206
Other undisclosed intangible assets, net (including goodwill)  (52)(73)(93)(132)
Total noncurrent assets:2561,7421,7322,1502893202,436
Other undisclosed assets1,331(174)(195)(288)1,8912,059680
TOTAL ASSETS:1,6181,5811,5531,8742,2112,4363,125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt2318712172551
Off-market lease, unfavorable2318712172551
Total noncurrent liabilities:2318712172551
Other undisclosed liabilities8178869251,1841,4061,6082,284
Total liabilities:8409049321,1961,4231,6332,335
Temporary equity, carrying amount   3533
Stockholders' equity
Stockholders' equity attributable to parent775677619674783800782
Common stock0000000
Additional paid in capital2,7492,6102,6062,6002,6462,6472,646
Accumulated other comprehensive income (loss)34(1)(4)(1) (2)
Accumulated deficit(1,978)(1,937)(1,987)(1,923)(1,863)(1,847)(1,863)
Stockholders' equity attributable to noncontrolling interest3122116
Total stockholders' equity:777678621675784801787
TOTAL LIABILITIES AND EQUITY:1,6181,5811,5531,8742,2112,4363,125

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues219216243282281345437
Revenue, net216243282281345437
Cost of revenue(185)(216)(175)(236)(206)(293)(356)
Cost of goods and services sold(0)(56)(74)(94)(101)(118)(157)
Gross profit:3306846755281
Operating expenses(96)(29)(122)(123)(141)(146)(293)
Operating loss:(63)(29)(55)(77)(66)(94)(212)
Interest and debt expense(7)(34)(43)(79)(65)(109)(129)
Loss from continuing operations before equity method investments, income taxes:(70)(63)(98)(156)(131)(203)(341)
Income from equity method investments16342252
Loss from continuing operations before income taxes:(70)(57)(95)(152)(129)(178)(339)
Income tax expense (benefit)(1)(0)(1)(2)0(1)(0)
Loss from continuing operations:(70)(57)(96)(154)(129)(179)(339)
Income from discontinued operations   17487049
Loss before gain (loss) on sale of properties:(70)(57)(96)(137)(80)(108)(290)
Other undisclosed net income651416710365124138
Net income (loss):(5)84(29)(34)(16)16(152)
Other undisclosed net income (loss) attributable to parent0(1)     
Net income (loss) attributable to parent:(5)84(29)(34)(16)16(152)
Preferred stock dividends and other adjustments   2(2)  
Other undisclosed net income (loss) available to common stockholders, basic 1000(0)0
Net income (loss) available to common stockholders, diluted:(5)84(29)(32)(17)16(152)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(5)84(29)(34)(16)16(152)
Other comprehensive loss      (1)
Other undisclosed comprehensive income (loss)(2)53(1)(3)2 
Comprehensive income (loss):(7)90(27)(35)(18)18(153)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)0000(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (1)1
Comprehensive income (loss), net of tax, attributable to parent:(7)90(27)(35)(18)17(153)

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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