As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

ASSETS

Real estate investments

Operating properties 3,693,000 3,586,295 3,832,348 3,951,719 3,995,228
Accumulated depreciation (867,035) (852,476) (895,091) (885,407) (944,994)
Right of use asset - operating leases, net NA NA NA 0 21,828
Operating real estate investments, net 2,825,965 2,733,819 2,937,257 3,066,312 3,072,062
Construction-in-progress 268,983 297,462 121,188 150,263 151,232
Land held for development 130,479 150,970 98,242 86,401 92,189
Prepaid leasehold interests in land held for development, net NA NA 0 39,999 39,694
Total real estate investments, net 3,225,427 3,182,251 3,156,687 3,342,975 3,355,177
Assets held for sale, net 584,365 41,718 392 11,599 7,349
Cash and cash equivalents 56,694 193,919 202,179 22,842 29,925
Accounts receivable, net of allowance 17,126 12,446 17,938 16,394 13,872
Accrued rent receivable, net of allowance 145,092 149,624 169,760 165,243 168,960
Investment in Real Estate Ventures 241,004 281,331 194,621 169,100 127,759
Deferred costs, net 101,419 91,342 96,695 91,075 96,202
Intangible assets, net 111,623 72,478 64,972 131,348 95,798
Other assets 71,761 74,104 92,204 126,400 125,390
Total assets 4,554,511 4,099,213 3,995,448 4,076,976 4,020,432

LIABILITIES AND BENEFICIARIES' EQUITY

Mortgage notes payable, net 545,753 321,549 317,216 320,869 315,603
Unsecured credit facility NA NA 0 92,500 146,500
Unsecured term loan, net 247,800 248,099 248,429 248,042 248,430
Unsecured senior notes, net 1,591,164 1,443,464 1,365,183 1,366,635 1,367,722
Accounts payable and accrued expenses 99,856 103,404 107,074 125,696 119,790
Distributions payable 28,249 30,032 32,456 33,632 33,759
Deferred income, gains and rent 30,413 31,620 42,593 28,293 22,707
Acquired lease intangibles, net 25,655 18,119 20,274 31,783 24,050
Liabilities related to assets held for sale 2,151 81 NA NA NA
Lease liability - operating leases NA NA NA 0 22,503
Other liabilities 31,379 19,408 15,623 18,498 16,931
Total liabilities 2,602,420 2,215,776 2,148,848 2,265,948 2,317,995

Brandywine Realty Trust's Equity

Preferred Shares 40 40 NA NA NA
Common Shares of Brandywine Realty Trust's beneficial interest 1,747 1,752 1,784 1,770 1,763
Additional paid-in-capital 3,252,622 3,258,870 3,218,564 3,200,312 3,189,350
Deferred compensation payable in common shares 11,918 13,684 12,445 14,021 16,216
Common shares in grantor trust (11,918) (13,684) (12,445) (14,021) (16,216)
Cumulative earnings 499,086 539,319 660,174 775,625 787,789
Accumulated other comprehensive income (5,192) (1,745) 2,399 5,029 (3,550)
Cumulative distributions (1,814,378) (1,931,892) (2,053,741) (2,183,909) (2,284,610)
Total Brandywine Realty Trust's equity 1,933,925 1,866,344 1,829,180 1,798,827 1,690,742
Noncontrolling interests 18,166 17,093 17,420 12,201 11,695
Total beneficiaries' equity 1,952,091 1,883,437 1,846,600 1,811,028 1,702,437
Total liabilities and beneficiaries' equity 4,554,511 4,099,213 3,995,448 4,076,976 4,020,432
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.