Piedmont Office Realty Trust (PDM) Financial Statements

Price: $6.56
Market Cap: $816.12M
Avg Volume: 839.54K
Country: US
Industry: REIT - Office
Sector: Real Estate
Beta: 1.185
52W Range: $5.81-11.12
Website: Piedmont Office Realty Trust

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Piedmont Office Realty Trust.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$600.00M$600.00M$500.00M$500.00M$400.00M$400.00M$300.00M$300.00M$200.00M$200.00M$100.00M$100.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Operating Expenses
Operating Income
Operating Expenses & Income$360.00M$360.00M$270.00M$270.00M$180.00M$180.00M$90.00M$90.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Revenue $570.32M $577.76M $563.77M $528.71M $535.02M $533.18M $525.97M $574.17M $555.72M $584.77M
Cost of Revenue $234.12M $237.04M $226.06M $210.93M $214.93M $211.38M $209.34M $220.63M $218.93M $242.00M
Gross Profit $336.20M $340.72M $337.71M $317.78M $320.09M $321.80M $316.63M $353.54M $336.78M $342.77M
Gross Profit Ratio 58.95% 58.97% 59.90% 60.10% 59.83% 60.35% 60.20% 61.57% 60.60% 58.62%
Research and Development Expenses $- $- $0 $-0 $0 $0 $0 $0 $0 $-
General and Administrative Expenses $35.42M $29.19M $29.13M $30.25M $27.46M $37.90M $29.71M $31.13M $29.24M $30.37M
Selling and Marketing Expenses $- $- $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $35.42M $29.19M $29.13M $30.25M $27.46M $37.90M $29.71M $31.13M $29.24M $30.37M
Other Expenses $226.54M $- $224.55M $206.61M $203.87M $182.68M $1.64M $657.00K $-13.00K $1.56M
Operating Expenses $261.96M $342.67M $253.68M $236.86M $231.33M $220.58M $200.96M $225.78M $232.10M $225.76M
Cost and Expenses $496.09M $577.76M $479.74M $447.79M $446.27M $431.96M $410.30M $446.42M $451.03M $467.76M
Interest Income $- $- $65.66M $51.29M $54.99M $61.59M $- $- $- $-
Interest Expense $122.98M $101.26M $65.66M $51.29M $54.99M $61.59M $61.02M $68.12M $64.86M $74.00M
Depreciation and Amortization $220.93M $153.80M $405.57M $378.40M $446.27M $431.96M $410.30M $446.42M $451.03M $195.39M
EBITDA $270.46M $231.06M $234.41M $218.14M $491.54M $283.90M $288.55M $396.33M $307.89M $312.00M
EBITDA Ratio 47.42% 39.99% 41.58% 41.26% 91.87% 53.25% 54.86% 69.03% 55.40% 53.35%
Operating Income $74.24M $77.26M $86.74M $91.12M $91.34M $92.27M $115.67M $81.30M $73.79M $76.84M
Operating Income Ratio 13.02% 13.37% 15.39% 17.24% 17.07% 17.31% 21.99% 14.16% 13.28% 13.14%
Total Other Income Expenses Net $-153.30M $-125.64M $537.39M $-1.17M $668.54M $136.99M $14.63M $59.84M $-67.48M $-116.01M
Income Before Tax $-79.06M $-48.38M $146.83M $-1.17M $232.69M $229.26M $54.60M $17.68M $9.31M $4.68M
Income Before Tax Ratio -13.86% -8.37% 26.04% -0.22% 43.49% 43.00% 10.38% 3.08% 1.68% 0.80%
Income Tax Expense $- $- $-125.75M $61.48M $57.57M $63.16M $-42.00K $-43.26M $-33.37M $-92.19M
Net Income $-79.07M $-48.39M $272.58M $-62.65M $175.11M $166.10M $130.30M $133.56M $107.89M $172.99M
Net Income Ratio -13.86% -8.37% 48.35% -11.85% 32.73% 31.15% 24.77% 23.26% 19.41% 29.58%
EPS $-0.64 $-0.39 $2.21 $-0.51 $1.39 $1.32 $1.03 $0.94 $0.74 $1.19
EPS Diluted $-0.64 $-0.39 $2.21 $-0.51 $1.39 $1.32 $1.00 $0.92 $0.74 $1.15
Weighted Average Shares Outstanding 123.94M 123.72M 123.35M 123.98M 125.73M 125.71M 126.22M 142.36M 145.24M 145.51M
Weighted Average Shares Outstanding Diluted 123.94M 123.66M 123.52M 123.98M 126.10M 126.18M 130.64M 145.38M 145.63M 150.88M
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$5.00B$5.00B$4.00B$4.00B$3.00B$3.00B$2.00B$2.00B$1.00B$1.00B$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Equity$2.50B$2.50B$2.00B$2.00B$1.50B$1.50B$1.00B$1.00B$500.00M$500.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Cash and Cash Equivalents $109.64M $825.00K $16.54M $7.42M $7.33M $13.54M $4.57M $7.38M $6.99M $5.44M
Short Term Investments $- $- $4.18M $- $- $- $1.20M $688.00K $- $-
Cash and Short Term Investments $109.64M $825.00K $16.54M $7.42M $7.33M $13.54M $4.57M $7.38M $6.99M $5.44M
Net Receivables $193.78M $191.75M $176.78M $284.13M $159.60M $140.57M $147.56M $156.61M $192.34M $173.73M
Inventory $- $- $3.06M $302.82M $1 $1 $-23.89M $-21.14M $-22.44M $-19.67M
Other Current Assets $- $- $- $30.32M $145.53M $30.04M $62.70M $85.67M $23.28M $24.78M
Total Current Assets $303.42M $195.96M $213.53M $301.38M $287.31M $174.73M $200.21M $231.19M $200.55M $234.48M
Property Plant Equipment Net $- $- $3.39B $3.09B $2.90B $2.73B $2.61B $2.75B $3.02B $3.53B
Goodwill $53.49M $53.49M $82.94M $98.92M $98.92M $98.92M $98.92M $98.92M $180.10M $180.10M
Intangible Assets $60.48M $82.59M $114.38M $94.38M $90.59M $80.98M $77.68M $77.81M $99.69M $84.66M
Goodwill and Intangible Assets $113.97M $136.08M $197.32M $193.30M $189.51M $179.90M $176.59M $176.72M $279.79M $264.76M
Long Term Investments $- $- $4.18M $-3.93B $-3.74B $-3.52B $-6.20B $10.00K $7.36M $7.58M
Tax Assets $- $- $-3.39B $3.93B $3.74B $3.52B $3.59B $4.00B $4.37B $-3.53B
Other Non-Current Assets $- $3.73B $3.67B $348.94M $358.00M $433.71M $3.22B $-3.15B $-3.43B $3.93B
Total Non-Current Assets $113.97M $3.86B $3.87B $3.63B $3.45B $3.34B $3.39B $3.77B $4.25B $4.20B
Other Assets $3.04B $- $- $- $- $- $- $- $- $-
Total Assets $3.46B $4.06B $4.09B $3.93B $3.74B $3.52B $3.59B $4.00B $4.45B $4.43B
Account Payables $149.05M $131.52M $110.31M $114.45M $112.00M $117.50M $93.74M $114.85M $165.41M $128.47M
Short Term Debt $- $368.32M $350.00M $- $327.61M $- $- $- $140.83M $-
Tax Payables $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $107.03M $- $59.98M $80.69M $36.89M $34.61M $28.78M $29.58M $28.41M $27.27M
Other Current Liabilities $-149.05M $24.90M $-460.31M $-114.45M $-439.61M $-117.50M $35.75M $124.80M $-306.24M $-128.47M
Total Current Liabilities $107.03M $524.73M $195.64M $221.19M $174.57M $178.53M $158.27M $246.24M $193.82M $155.74M
Long Term Debt $225.22M $1.69B $1.63B $1.88B $1.29B $1.51B $1.52B $1.77B $1.93B $2.07B
Deferred Revenue Non-Current $- $- $59.98M $80.69M $36.89M $34.61M $28.78M $29.58M $28.41M $27.27M
Deferred Tax Liabilities Non-Current $- $- $-59.98M $-75.76M $-27.06M $-29.49M $-27.94M $-27.72M $-20.24M $-17.28M
Other Non-Current Liabilities $2.19B $123.10M $542.61M $104.08M $473.67M $-1.54M $208.24M $5.28M $12.80M $-157.53M
Total Non-Current Liabilities $2.42B $1.81B $2.04B $1.92B $1.67B $1.52B $1.72B $1.77B $2.08B $2.08B
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $2.53B $2.33B $2.24B $2.14B $1.84B $1.70B $1.88B $2.01B $2.27B $2.24B
Preferred Stock $- $- $- $- $- $- $- $- $- $339.00K
Common Stock $1.24M $1.24M $1.23M $1.23M $1.24M $1.26M $1.26M $1.42M $1.45M $1.46M
Retained Earnings $- $-1.99B $-1.86B $-1.90B $-1.77B $-1.87B $-1.98B $-1.70B $-1.50B $-1.48B
Accumulated Other Comprehensive Income Loss $-10.12M $-9.42M $-8.68M $-18.15M $-24.10M $967.00K $8.46M $8.16M $2.10M $1.66M
Other Total Stockholders Equity $1.60B $3.72B $3.71B $3.70B $3.69B $3.69B $3.68B $3.68B $2.09B $3.67B
Total Stockholders Equity $1.59B $1.72B $1.85B $1.79B $1.90B $1.82B $1.71B $1.98B $2.18B $2.20B
Total Equity $1.59B $1.72B $1.85B $1.79B $1.90B $1.82B $1.71B $1.99B $2.18B $2.20B
Total Liabilities and Stockholders Equity $4.11B $4.06B $4.09B $3.93B $3.74B $3.52B $3.59B $4.00B $4.45B $4.43B
Minority Interest $1.52M $1.56M $1.59M $1.63M $1.68M $1.73M $1.77M $1.82M $1.88M $1.02M
Total Liabilities and Total Equity $4.11B $4.06B $4.09B $3.93B $3.74B $3.52B $3.59B $4.00B $4.45B $4.43B
Total Investments $- $3.03M $4.18M $-3.93B $-3.74B $-3.52B $1.20M $10.00K $7.36M $7.58M
Total Debt $192.42M $2.05B $1.98B $1.88B $1.62B $1.48B $1.69B $1.73B $2.02B $2.03B
Net Debt $82.79M $2.05B $1.97B $1.87B $1.61B $1.47B $1.68B $1.72B $2.01B $2.02B

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$400.00M$400.00M$200.00M$200.00M$0.00$0.00-$200.00M-$200.00M-$400.00M-$400.00M20162016201720172018201820192019202020202021202120222022202320232024202420252025
Financing Cash Flow$200.00M$200.00M$0.00$0.00-$200.00M-$200.00M-$400.00M-$400.00M-$600.00M-$600.00M20162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Net Income $-79.06M $-48.39M $146.83M $-1.17M $232.69M $229.26M $130.29M $133.55M $107.87M $173.00M
Depreciation and Amortization $156.83M $226.85M $215.39M $199.27M $195.11M $177.62M $166.29M $193.23M $202.11M $195.72M
Deferred Income Tax $- $- $- $40.45M $-200.76M $-188.06M $-74.02M $-73.25M $-67.45M $-129.13M
Stock Based Compensation $9.55M $8.09M $8.97M $10.98M $9.72M $15.45M $9.74M $9.20M $7.93M $7.08M
Change in Working Capital $- $-9.07M $-30.98M $-10.60M $-45.54M $-25.87M $-29.18M $-21.51M $-16.35M $-31.11M
Accounts Receivables $- $- $-14.16M $-9.69M $-30.89M $-15.71M $-16.09M $-21.39M $-26.75M $-29.48M
Inventory $- $- $- $-1.86M $-6.26M $11.25M $-3.10M $384.00K $2.00M $-828.00K
Accounts Payables $- $- $-1.59M $1.86M $6.26M $-11.25M $-9.09M $-1.52M $3.73M $-162.00K
Other Working Capital $- $-9.07M $-15.23M $-912.00K $-14.66M $-10.17M $-898.00K $1.02M $4.67M $-643.00K
Other Non Cash Items $110.79M $32.65M $-124.99M $3.27M $2.08M $87.00K $-250.00K $1.59M $1.70M $1.77M
Net Cash Provided by Operating Activities $198.11M $210.13M $215.22M $242.20M $193.28M $208.48M $202.87M $242.81M $235.81M $217.33M
Investments in Property Plant and Equipment $- $-158.19M $-121.36M $-122.63M $-112.58M $-103.55M $-72.11M $-79.83M $-110.23M $-118.67M
Acquisitions Net $- $- $- $- $- $- $- $12.33M $- $844.17M
Purchases of Investments $- $- $- $- $- $- $-3.20M $-1.16M $- $-
Sales Maturities of Investments $- $- $415.89M $- $360.09M $589.77M $578.43M $79.83M $365.92M $848.17M
Other Investing Activities $-186.62M $-37.83M $-295.78M $-246.31M $-445.39M $-351.84M $395.88M $229.44M $-9.65M $-420.46M
Net Cash Used for Investing Activities $-186.62M $-196.02M $-1.25M $-368.93M $-197.88M $134.38M $323.78M $240.61M $-119.87M $305.04M
Debt Repayment $164.36M $67.69M $-93.58M $253.97M $138.78M $-206.02M $-43.39M $-296.40M $-12.14M $-243.52M
Common Stock Issued $-185.00K $- $-460.00K $- $- $- $- $- $- $-
Common Stock Repurchased $- $-1.76M $-3.94M $-19.54M $-29.99M $-16.90M $-298.54M $-60.47M $-7.94M $-158.86M
Dividends Paid $-61.86M $-93.12M $-104.37M $-103.91M $-106.31M $-106.43M $-184.09M $-122.27M $-91.62M $-126.53M
Other Financing Activities $-4.32M $-4.08M $-5.27M $-4.15M $-4.07M $-4.16M $-3.34M $-3.72M $-2.69M $-2.04M
Net Cash Used Provided by Financing Activities $98.18M $-29.50M $-203.23M $126.38M $-1.58M $-333.51M $-529.37M $-482.87M $-114.38M $-529.24M
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $109.68M $-15.39M $10.74M $-354.00K $-6.17M $9.35M $-2.72M $551.00K $1.55M $-6.87M
Cash at End of Period $113.88M $4.21M $19.60M $8.86M $9.21M $15.39M $6.03M $8.76M $6.99M $5.44M
Cash at Beginning of Period $4.21M $19.60M $8.86M $9.21M $15.39M $6.03M $8.76M $8.20M $5.44M $12.31M
Operating Cash Flow $198.11M $210.13M $215.22M $242.20M $193.28M $208.48M $202.87M $242.81M $235.81M $217.33M
Capital Expenditure $- $-158.19M $-121.36M $-122.63M $-112.58M $-103.55M $-72.11M $-79.83M $-110.23M $-118.67M
Free Cash Flow $198.11M $51.94M $93.86M $119.58M $80.70M $104.93M $130.76M $162.97M $125.58M $98.66M