Piedmont Office Realty Trust, Inc. PDM Balance Sheet

Piedmont office realty trust, inc. (PDM)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Assets:
Real estate assets, at cost:
Land
505	485	506	517	507	470	523	547	547	490	614	614	617	542	663	656	685	676	671	696	707	674	696	690	682	687	675	666	666	629	627	629	631	633	637	689	688	647
Buildings and improvements, less accumulated depreciation of $755,152 and $730,750 as of March 31, 2020 and December 31, 2019, respectively
2,494	2,212	2,327	2,342	2,293	2,121	2,309	2,409	2,424	2,243	2,723	2,742	2,765	2,442	2,897	2,780	2,893	2,837	2,655	3,154	3,234	2,741	3,243	3,171	3,129	3,150	3,049	3,068	3,059	2,908	2,902	2,917	2,936	2,945	2,955	3,086	3,095	2,943
Intangible lease assets, less accumulated amortization of $52,538 and $50,766 as of March 31, 2020 and December 31, 2019, respectively
115	74	88	79	71	77	65	70	75	77	78	84	91	99	92	71	78	84	60	64	69	70	74	71	69	74	66	66	70	54	59	66	72	79	88	89	95	74
Construction in progress
42	29	13	13	13	15	22	17	15	11	8	15	19	34	35	25	25	20	75	64	83	61	43	34	28	24	61	19	29	20	22	24	16	17	16	15	13	11
Real estate assets held for sale, net
137	139	213	0	0	331	113	0	0	561	0	225	225	612	0	69	-	76	470	26	0	526	-	-	13	15	19	-	24	-	-	-	-	29	228	19	-	-
Total real estate assets
3,295	2,942	3,148	2,952	2,885	3,016	3,035	3,045	3,062	3,384	3,425	3,682	3,719	3,731	3,688	3,603	3,683	3,695	3,934	4,005	4,094	4,075	4,058	3,968	3,924	3,951	3,872	3,821	3,850	3,612	3,612	3,638	3,657	3,704	3,926	3,899	3,892	3,676
Investment in and amounts due from unconsolidated joint venture
-	-	-	-	-	-	0	0	0	0	0	7	7	7	7	7	7	7	7	7	7	7	7	7	13	14	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	37	37	37	37	37	37	38	38	41	41	42
Cash and cash equivalents
7	13	10	7	4	4	6	8	6	7	36	9	6	6	6	21	4	5	7	8	7	12	8	8	9	6	15	10	17	12	20	26	28	139	16	21	42	56
Tenant receivables
10	8	10	10	11	10	10	9	12	12	12	24	25	26	24	21	22	26	26	25	30	27	28	25	22	31	31	28	153	25	160	153	150	129	131	138	133	134
Straight-line rent receivables
139	132	147	171	167	136	168	172	167	144	182	177	170	136	158	154	161	147	149	171	175	146	163	156	147	138	135	130	-	122	-	-	-	-	-	-	-	-
Note receivable
-	-	-	-	-	-	3	3	3	-	-	-	-	0	0	0	0	45	45	45	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	61
Restricted cash and escrows
1	1	1	1	1	1	1	1	1	1	1	1	1	1	5	10	0	5	37	0	0	5	0	0	0	0	0	0	0	0	23	48	25	9	36	32	30	12
Due from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	1
Prepaid expenses and other assets
23	25	27	33	23	24	31	29	25	20	28	29	21	23	28	29	24	24	31	32	26	25	36	32	28	24	17	17	12	21	13	7	12	9	13	14	11	11
Goodwill
98	98	98	98	98	98	98	98	98	98	98	98	98	98	180	180	180	104	180	180	180	180	180	180	180	180	180	180	180	180	180	180	180	180	180	180	180	180
Interest rate swaps
-	-	0	0	0	1	4	2	0	0	0	-	-	0	-	-	-	-	0	8	0	0	0	0	0	24	19	19	1	1	-	-	-	0	-	-	-	-
Deferred financing costs, less accumulated amortization of $6,971 and $6,067 as of September 30, 2015 and December 31, 2014, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	7	-	7	8	8	8	7	8	5	6	7	4	5	5	4	4	5	5
Deferred lease costs, less accumulated amortization of $148,972 and $147,324 as of March 31, 2020 and December 31, 2019, respectively
314	265	267	250	239	236	250	252	257	245	274	278	290	276	288	261	271	288	231	283	288	228	284	274	273	283	275	267	271	234	230	231	228	228	217	227	224	192
Other assets held for sale, net
28	28	40	0	0	61	12	0	0	84	0	10	9	58	0	8	-	10	81	3	0	77	-	-	3	2	1	-	5	-	-	-	-	1	47	0	-	-
Total assets
3,920	3,516	3,751	3,525	3,433	3,592	3,623	3,623	3,635	3,999	4,060	4,320	4,350	4,368	4,388	4,298	4,355	4,361	4,739	4,781	4,819	4,787	4,778	4,661	4,611	4,666	4,576	4,523	4,538	4,254	4,285	4,328	4,326	4,447	4,613	4,560	4,563	4,373
Liabilities:
Unsecured debt, net of discount and unamortized debt issuance costs of $8,095 and $7,626 as of March 31, 2020 and December 31, 2019, respectively
1,743	1,292	1,689	1,472	1,375	1,495	1,524	1,529	1,498	1,535	1,511	1,720	1,733	1,687	1,661	1,508	1,626	1,528	1,925	1,817	1,877	1,821	1,784	1,657	1,617	1,014	835	-	-	429	-	-	-	-	-	-	-	-
Secured debt, net of premiums and unamortized debt issuance costs of $267 and $343 as of March 31, 2020 and December 31, 2019, respectively
188	189	189	189	190	190	190	190	191	191	191	332	332	332	333	375	376	501	502	502	448	448	449	449	412	987	987	-	-	987	-	-	-	-	-	-	-	-
Line of credit and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,709	1,699	-	1,436	1,400	1,352	1,472	1,544	1,637	1,601	1,402
Accounts payable, accrued expenses and accrued capital expenditures
90	117	114	97	81	93	109	94	83	114	108	111	116	165	133	122	103	128	132	128	119	133	135	126	130	128	159	118	139	127	109	126	116	122	143	126	122	112
Dividends payable
0	26	0	0	0	26	-	-	-	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income
35	34	27	24	27	28	27	25	29	29	29	27	30	28	29	24	28	27	26	26	25	22	21	21	23	22	26	18	23	21	24	23	32	27	32	32	38	35
Intangible lease liabilities, less accumulated amortization of $19,958 and $19,607 as of March 31, 2020 and December 31, 2019, respectively
44	25	34	32	33	35	37	40	42	38	41	43	45	47	45	38	40	42	38	41	42	42	44	43	45	47	41	43	45	40	42	44	46	49	51	43	46	48
Interest rate swaps
26	5	6	5	2	0	0	0	0	1	3	5	5	8	17	22	19	9	20	8	19	6	3	5	4	4	5	4	8	8	8	6	2	2	0	0	0	0
Other liabilities held for sale
7	7	7	-	-	8	0	0	0	0	-	-	-	0	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes payable and other liabilities held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	-	-	-
Total liabilities
2,137	1,697	2,071	1,822	1,709	1,880	1,889	1,880	1,846	2,013	1,886	2,239	2,263	2,270	2,219	2,091	2,195	2,238	2,647	2,525	2,533	2,475	2,439	2,304	2,232	2,204	2,055	1,893	1,916	1,614	1,620	1,601	1,550	1,674	1,896	1,838	1,809	1,600
Commitments and Contingencies (Note 7)
0	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Stockholders’ Equity:
Shares-in-trust, shares authorized (in shares)
-	-	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares-in-trust, shares outstanding (in shares)
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of March 31, 2020 or December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred stock, par value (in dollars per share)
-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares authorized (in shares)
-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares outstanding (in shares)
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of March 31, 2020 or December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value (in dollars per share)
-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares authorized (in shares)
-	-	750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares outstanding (in shares)
-	-	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, $0.01 par value, 750,000,000 shares authorized; 125,920,629 and 125,783,408 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	-	1
Additional paid-in capital
3,690	3,686	3,685	3,687	3,686	3,683	3,682	3,681	3,680	3,677	3,676	3,675	3,675	3,673	3,672	3,671	3,671	3,669	3,669	3,668	3,667	3,666	3,669	3,668	3,669	3,668	3,668	3,667	3,667	3,667	3,665	3,665	3,664	3,663	3,663	3,662	3,661	3,661
Cumulative distributions in excess of earnings
1,889	1,871	2,007	1,989	1,971	1,982	1,964	1,953	1,904	1,702	1,511	1,603	1,596	1,580	1,499	1,456	1,505	1,550	1,570	1,427	1,378	1,365	1,345	1,323	1,305	1,231	1,165	1,057	1,041	1,022	994	934	888	891	952	948	-915	895
Other comprehensive income/(loss)
-20	0	-0	1	5	8	12	12	10	8	5	4	4	2	-7	-11	-8	1	-8	12	-5	8	11	9	11	20	14	16	-6	-7	-8	-6	-2	-2	0	-0	-0	-0
Piedmont stockholders’ equity
1,781	1,817	1,679	1,701	1,721	1,710	1,732	1,741	1,787	1,984	2,172	2,078	2,085	2,095	2,167	2,205	2,158	2,122	2,091	2,254	2,284	2,310	2,337	2,355	2,377	2,459	2,519	2,628	2,621	2,638	2,663	2,725	2,775	2,771	2,712	2,715	2,747	2,767
Noncontrolling interest
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	5	6	6
Noncontrolling interest held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-
Total stockholders’ equity
1,783	1,818	1,680	1,702	1,723	1,712	1,733	1,743	1,789	1,986	2,173	2,080	2,087	2,097	2,168	2,206	2,159	2,123	2,092	2,255	2,285	2,312	2,338	2,357	2,378	2,461	2,520	2,629	2,622	2,640	2,665	2,726	2,776	2,773	2,716	2,721	2,753	2,773
Total liabilities and stockholders’ equity
3,920	3,516	3,751	3,525	3,433	3,592	3,623	3,623	3,635	3,999	4,060	4,320	4,350	4,368	4,388	4,298	4,355	4,361	4,739	4,781	4,819	4,787	4,778	4,661	4,611	4,666	4,576	4,523	4,538	4,254	4,285	4,328	4,326	4,447	4,613	4,560	4,563	4,373