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 investments | 31 | 14 | 15 | 12 | 31 | 58 | 10 | ||
| Cash and cash equivalents | 31 | 14 | 15 | 12 | 31 | 58 | 10 | ||
| Total current assets: | 31 | 14 | 15 | 12 | 31 | 58 | 10 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 154 | 1,654 | 1,723 | 2,140 | 286 | 318 | 2,230 | ||
| Intangible assets, net (including goodwill), including: | 101 | 87 | 10 | 10 | 2 | 2 | 206 | ||
| Intangible assets, net (excluding goodwill) | 101 | 87 | 62 | 84 | 95 | 134 | 206 | ||
| Other undisclosed intangible assets, net (including goodwill) | (52) | (73) | (93) | (132) | ✕ | ||||
| Total noncurrent assets: | 256 | 1,742 | 1,732 | 2,150 | 289 | 320 | 2,436 | ||
| Other undisclosed assets | 1,331 | (174) | (195) | (288) | 1,891 | 2,059 | 680 | ||
| TOTAL ASSETS: | 1,618 | 1,581 | 1,553 | 1,874 | 2,211 | 2,436 | 3,125 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 23 | 18 | 7 | 12 | 17 | 25 | 51 | ||
| Off-market lease, unfavorable | 23 | 18 | 7 | 12 | 17 | 25 | 51 | ||
| Total noncurrent liabilities: | 23 | 18 | 7 | 12 | 17 | 25 | 51 | ||
| Other undisclosed liabilities | 817 | 886 | 925 | 1,184 | 1,406 | 1,608 | 2,284 | ||
| Total liabilities: | 840 | 904 | 932 | 1,196 | 1,423 | 1,633 | 2,335 | ||
| Temporary equity, carrying amount | 3 | 5 | 3 | 3 | |||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 775 | 677 | 619 | 674 | 783 | 800 | 782 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 2,749 | 2,610 | 2,606 | 2,600 | 2,646 | 2,647 | 2,646 | ||
| Accumulated other comprehensive income (loss) | 3 | 4 | (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 interest | 3 | 1 | 2 | 2 | 1 | 1 | 6 | ||
| Total stockholders' equity: | 777 | 678 | 621 | 675 | 784 | 801 | 787 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,618 | 1,581 | 1,553 | 1,874 | 2,211 | 2,436 | 3,125 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 219 | 216 | 243 | 282 | 281 | 345 | 437 | |
| Revenue, net | ✕ | 216 | 243 | 282 | 281 | 345 | 437 | |
| 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: | 33 | 0 | 68 | 46 | 75 | 52 | 81 | |
| 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 investments | 1 | 6 | 3 | 4 | 2 | 25 | 2 | |
| 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 | 17 | 48 | 70 | 49 | ||||
| Loss before gain (loss) on sale of properties: | (70) | (57) | (96) | (137) | (80) | (108) | (290) | |
| Other undisclosed net income | 65 | 141 | 67 | 103 | 65 | 124 | 138 | |
| Net income (loss): | (5) | 84 | (29) | (34) | (16) | 16 | (152) | |
| Other undisclosed net income (loss) attributable to parent | 0 | (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 | 1 | 0 | 0 | 0 | (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) | 5 | 3 | (1) | (3) | 2 | ||
| Comprehensive income (loss): | (7) | 90 | (27) | (35) | (18) | 18 | (153) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (0) | 0 | 0 | 0 | 0 | (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.