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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments52413313425669417
Cash and cash equivalents52413313425669417
Total current assets:52413313425669417
Noncurrent Assets
Operating lease, right-of-use asset196215
Property, plant and equipment451012151821
Long-term investments and receivables82693543465798
Long-term investments82693543465798
Intangible assets, net (including goodwill)2,2672,3752,5362,6851,4871,7072,045
Goodwill1,3381,3381,3381,3381,4621,6561,895
Intangible assets, net (excluding goodwill)9291,0371,1991,3472551150
Total noncurrent assets:2,5482,6642,5812,7391,5481,7822,165
Other undisclosed assets10,25310,60411,35111,93213,78415,55517,934
TOTAL ASSETS:13,32413,28113,96314,70615,58817,40620,515
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 liabilities6,5136,4376,6636,6636,9688,69211,123
Total liabilities:6,5136,4376,6636,6636,9688,69211,133
Stockholders' equity
Stockholders' equity attributable to parent6,8046,8367,1577,8848,4478,5249,154
Preferred stock0000000
Common stock21110101099
Additional paid in capital13,44913,25212,61512,65412,64011,93211,920
Accumulated other comprehensive income (loss)1(28)(1)(4)(3)(2)3
Accumulated deficit(6,648)(6,400)(5,467)(4,777)(4,200)(3,415)(2,779)
Stockholders' equity attributable to noncontrolling interest78143159172190228
Total stockholders' equity:6,8126,8437,3008,0438,6208,7149,382
TOTAL LIABILITIES AND EQUITY:13,32413,28113,96314,70615,58817,40620,515

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,1611,2371,2581,2521,4551,5561,579
Revenue, net1,2521,3331,4381,372
Direct financing lease, revenue1,1581,237
Operating leases, income statement, lease revenue1,258
Cost of revenue (130)(126)(129)(144)(15)(152)
Cost of goods and services sold (130)(126)(129)(144) (152)
Financial services costs  (15) 
Gross profit:1,1611,1071,1311,1241,3101,5411,428
Operating expenses(709)(1,552)(1,180)(996)(1,401)(1,489)(1,958)
Other undisclosed operating income   12914415152
Operating income (loss):453(444)(49)2565367(379)
Nonoperating income (expense)(247)12(164)(259)(304)(355)(632)
Investment income, nonoperating(85) 03(1)(1)(4)
Other nonoperating income71315669124
Interest and debt expense(1)(18)518(1)514
Income (loss) from continuing operations before equity method investments, income taxes:204(451)(208)15(251)(283)(997)
Loss from equity method investments      (0)
Other undisclosed income from continuing operations before income taxes11481214346  
Income (loss) from continuing operations before income taxes:206(303)(87)58(205)(283)(997)
Income tax expense (benefit)(5)(4)(5)(7)4 (41)
Other undisclosed income (loss) from continuing operations     (77)27
Income (loss) from continuing operations:201(307)(92)51(201)(360)(1,011)
Income (loss) from discontinued operations  4(19)   
Income (loss) before gain (loss) on sale of properties:201(307)(88)32(201)(360)(1,011)
Gain on sale of properties, net of applicable income taxes    46  
Other undisclosed net income (loss)    (46)36 
Net income (loss):201(307)(88)32(201)(323)(1,011)
Net income (loss) attributable to noncontrolling interest(0)72(1)5734
Net income (loss) attributable to parent:201(300)(86)32(196)(316)(977)
Preferred stock dividends and other adjustments(45)(68)(72)(72)(72)(72)(104)
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)
Net income (loss) available to common stockholders, basic:157(369)(158)(41)(268)(389)(1,081)
Other undisclosed net income (loss) available to common stockholders, diluted0   (0)  
Net income (loss) available to common stockholders, diluted:157(369)(158)(41)(268)(389)(1,081)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):201(307)(88)32(201)(323)(1,011)
Other comprehensive income (loss)28(27)2(1)(1)(5)(5)
Comprehensive income (loss):229(335)(86)31(201)(328)(1,016)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)82(1)5734
Comprehensive income (loss), net of tax, attributable to parent:229(327)(83)31(196)(321)(982)

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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