As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

ASSETS

Real estate investments

Operating properties 3,693,000 3,586,295 3,832,348 3,953,319 4,015,879
Right of use asset - operating leases NA NA NA 0 22,175
Accumulated depreciation (867,035) (852,476) (895,091) (865,462) (891,125)
Operating real estate investments, net 2,825,965 2,733,819 2,937,257 3,087,857 3,146,929
Construction-in-progress 268,983 297,462 121,188 150,263 112,176
Land held for development 130,479 150,970 98,242 86,401 88,047
Prepaid leasehold interests in land held for development, net NA NA 0 39,999 39,897
Total real estate investments, net 3,225,427 3,182,251 3,156,687 3,364,520 3,387,049
Assets held for sale, net 584,365 41,718 392 11,599 7,345
Cash and cash equivalents 56,694 193,919 202,179 22,842 14,449
Accounts receivable, net of allowance 17,126 12,446 17,938 16,394 21,780
Accrued rent receivable, net of allowance 145,092 149,624 169,760 165,243 168,781
Investment in Real Estate Ventures, equity method 241,004 281,331 194,621 169,100 161,568
Deferred costs, net 101,419 91,342 96,695 91,075 95,293
Intangible assets, net 111,623 72,478 64,972 131,348 119,903
Other assets 71,761 74,104 92,204 126,400 139,761
Total assets 4,554,511 4,099,213 3,995,448 4,098,521 4,115,929

LIABILITIES AND BENEFICIARIES' EQUITY

Mortgage notes payable, net 545,753 321,549 317,216 320,869 319,132
Unsecured credit facility NA NA 0 92,500 160,500
Unsecured term loan, net 247,800 248,099 248,429 248,042 248,168
Unsecured senior notes, net 1,591,164 1,443,464 1,365,183 1,366,635 1,366,997
Accounts payable and accrued expenses 99,856 103,404 107,074 125,696 112,375
Distributions payable 28,249 30,032 32,456 33,632 34,107
Deferred income, gains and rent 30,413 31,620 42,593 28,293 24,749
Acquired lease intangibles, net 25,655 18,119 20,274 31,783 29,813
Liabilities related to assets held for sale 2,151 81 NA NA NA
Lease liability - operating leases NA NA NA 0 22,402
Other liabilities 31,379 19,408 15,623 18,498 16,194
Total liabilities 2,602,420 2,215,776 2,148,848 2,265,948 2,334,437

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 1,761
Additional paid-in-capital 3,252,622 3,258,870 3,218,564 3,200,850 3,187,312
Deferred compensation payable in common shares 11,918 13,684 12,445 14,021 14,640
Common shares in grantor trust (11,918) (13,684) (12,445) (14,021) (14,640)
Cumulative earnings 499,086 539,319 660,174 796,513 795,186
Accumulated other comprehensive income (5,192) (1,745) 2,399 5,029 2,560
Cumulative distributions (1,814,378) (1,931,892) (2,053,741) (2,183,909) (2,217,469)
Total Brandywine Realty Trust's equity 1,933,925 1,866,344 1,829,180 1,820,253 1,769,350
Noncontrolling interests 18,166 17,093 17,420 12,320 12,142
Total beneficiaries' equity 1,952,091 1,883,437 1,846,600 1,832,573 1,781,492
Total liabilities and beneficiaries' equity 4,554,511 4,099,213 3,995,448 4,098,521 4,115,929
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.