VEREIT Inc. (VER) financial statements (2021 and earlier)

Company profile

Business Address 2325 E. CAMELBACK ROAD
PHOENIX, AZ 85016
State of Incorp.
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1331342566941737
Cash and cash equivalents1331342566941737
Total current assets:1331342566941737
Noncurrent Assets
Operating lease, right-of-use asset215
Property, plant and equipment51012151821787
Long-term investments and receivables693543465798 
Long-term investments693543465798 
Intangible assets, net (including goodwill)2,3752,5362,6851,4871,7072,045488
Goodwill1,3381,3381,3381,4621,6561,895 
Intangible assets, net (excluding goodwill)1,0371,1991,3472551150488
Total noncurrent assets:2,6642,5812,7391,5481,7822,1651,274
Other undisclosed assets10,60411,35111,93213,78415,55517,9344,267
TOTAL ASSETS:13,28113,96314,70615,58817,40620,5155,578
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     10 
Interest and dividends payable     10 
Total current liabilities:     10 
Noncurrent Liabilities
Other undisclosed liabilities6,4376,6636,6636,9688,69211,1233,817
Total liabilities:6,4376,6636,6636,9688,69211,1333,817
Stockholders' equity
Stockholders' equity attributable to parent, including:6,8367,1577,8848,4478,5249,1541,352
Preferred stock000000 
Common stock11101010992
Additional paid in capital13,25212,61512,65412,64011,93211,9202,034
Accumulated other comprehensive income (loss)(28)(1)(4)(3)(2)38
Accumulated deficit(6,400)(5,467)(4,777)(4,200)(3,415)(2,779)(692)
Receivable from shareholders or affiliates for issuance of capital stock      (90)
Other undisclosed stockholders' equity attributable to parent      90
Stockholders' equity attributable to noncontrolling interest8143159172190228141
Total stockholders' equity:6,8437,3008,0438,6208,7149,3821,492
Other undisclosed liabilities and equity      269
TOTAL LIABILITIES AND EQUITY:13,28113,96314,70615,58817,40620,5155,578

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,2371,2581,2521,4551,5561,579240
Revenue, net1,2521,3331,4381,372239
Direct financing lease, revenue1,237
Operating leases, income statement, lease revenue1,258
Cost of revenue(130)(126)(129)(144)(15)(152)(200)
Cost of goods and services sold(130)(126)(129)(144) (152)(200)
Financial services costs  (15)  
Gross profit:1,1071,1311,1241,3101,5411,42840
Operating expenses(1,552)(1,180)(996)(1,401)(1,489)(1,958)(504)
Other undisclosed operating income  12914415152200
Operating income (loss):(444)(49)2565367(379)(264)
Nonoperating income (expense)12(164)(259)(304)(355)(632)(216)
Investment income, nonoperating 03(1)(1)(4)(68)
Other nonoperating income (expense)1315669124(148)
Interest and debt expense(18)518(1)514(81)
Income (loss) from continuing operations before equity method investments, income taxes:(451)(208)15(251)(283)(997)(560)
Loss from equity method investments     (0)(0)
Other undisclosed income from continuing operations before income taxes1481214346   
Income (loss) from continuing operations before income taxes:(303)(87)58(205)(283)(997)(561)
Income tax expense (benefit)(4)(5)(7)4 (41) 
Other undisclosed income (loss) from continuing operations    (77)27149
Income (loss) from continuing operations:(307)(92)51(201)(360)(1,011)(412)
Income (loss) from discontinued operations 4(19)   (0)
Income (loss) before gain (loss) on sale of properties:(307)(88)32(201)(360)(1,011)(412)
Gain on sale of properties, net of applicable income taxes   46   
Other undisclosed net income (loss)   (46)36  
Net income (loss):(307)(88)32(201)(323)(1,011)(412)
Net income (loss) attributable to noncontrolling interest72(1)57345
Net income (loss) attributable to parent:(300)(86)32(196)(316)(977)(407)
Preferred stock dividends and other adjustments(68)(72)(72)(72)(72)(104) 
Undistributed earnings (loss) allocated to participating securities, basic (0)(0)
Other undisclosed net loss available to common stockholders, basic      (4)
Net loss available to common stockholders, basic:(369)(158)(41)(268)(389)(1,081)(410)
Other undisclosed net loss available to common stockholders, diluted   (0)   
Net loss available to common stockholders, diluted:(369)(158)(41)(268)(389)(1,081)(410)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(307)(88)32(201)(323)(1,011)(412)
Other comprehensive income (loss)(27)2(1)(1)(5)(5) 
Other undisclosed comprehensive income      17
Comprehensive income (loss):(335)(86)31(201)(328)(1,016)(395)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest82(1)5734(5)
Comprehensive income (loss), net of tax, attributable to parent:(327)(83)31(196)(321)(982)(400)

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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