$ADC
AGREE REALTY CORP

2019 Q4 Form 10-K Financial Statement

#000155837021001212 Filed on February 18, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018
Revenue $52.14M $187.5M $137.1M
YoY Change 39.22% 36.72% 22.96%
Cost Of Revenue $6.420M $22.30M $16.40M
YoY Change 31.29% 35.98% 38.98%
Gross Profit $45.72M $165.2M $120.8M
YoY Change 39.48% 36.75% 21.16%
Gross Profit Margin 87.7% 88.12% 88.1%
Selling, General & Admin $4.140M $16.80M $12.40M
YoY Change 42.76% 35.48% 22.77%
% of Gross Profit 9.06% 10.17% 10.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.70M $59.20M $43.70M
YoY Change 39.17% 35.47% 123.12%
% of Gross Profit 36.53% 35.84% 36.18%
Operating Expenses $17.25M $62.50M $45.40M
YoY Change 44.11% 37.67% 23.37%
Operating Profit $28.47M $114.4M $73.01M
YoY Change 36.81% 56.69% 15.95%
Interest Expense -$9.730M $33.09M $24.87M
YoY Change 40.81% 33.06% 37.13%
% of Operating Profit -34.18% 28.93% 34.07%
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income $23.07M $81.30M $59.30M
YoY Change 71.4% 37.1% 0.51%
Income Tax $330.0K $500.0K $516.0K
% Of Pretax Income 1.43% 0.62% 0.87%
Net Earnings $22.56M $80.08M $58.17M
YoY Change 70.75% 37.66% 0.1%
Net Earnings / Revenue 43.27% 42.71% 42.42%
Basic Earnings Per Share $0.53 $1.96 $1.80
Diluted Earnings Per Share $0.52 $1.93 $1.78
COMMON SHARES
Basic Shares Outstanding 42.41M 40.58M 32.07M
Diluted Shares Outstanding 41.22M 32.40M

Balance Sheet

Concept 2019 Q4 2019 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.60M $15.60M $54.00M
YoY Change -71.11% -71.11% 6.3%
Cash & Equivalents $15.60M $15.60M $54.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $3.800M $3.800M
Prepaid Expenses
Receivables $26.80M $26.80M $21.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $46.20M $46.20M $75.50M
YoY Change -38.81% -38.81% 9.9%
LONG-TERM ASSETS
Property, Plant & Equipment $2.219B $2.235B $1.661B
YoY Change 33.55% 34.51% 36.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.60M $26.60M $3.800M
YoY Change 600.0% 600.0% -64.49%
Total Long-Term Assets $2.618B $2.618B $1.953B
YoY Change 34.09% 34.09% 36.95%
TOTAL ASSETS
Total Short-Term Assets $46.20M $46.20M $75.50M
Total Long-Term Assets $2.618B $2.618B $1.953B
Total Assets $2.665B $2.665B $2.028B
YoY Change 31.37% 31.37% 35.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.00M $32.80M $9.900M
YoY Change 394.95% 231.31% 2375.0%
Accrued Expenses $16.20M $4.800M
YoY Change 237.5% 41.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $74.00M $74.00M $35.90M
YoY Change 106.13% 106.13% 77.72%
LONG-TERM LIABILITIES
Long-Term Debt $872.3M $872.3M $720.4M
YoY Change 21.09% 21.09% 38.65%
Other Long-Term Liabilities $26.70M $26.70M $33.00M
YoY Change -19.09% -19.09% 1.85%
Total Long-Term Liabilities $899.0M $899.0M $753.4M
YoY Change 19.33% 19.33% 36.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $74.00M $74.00M $35.90M
Total Long-Term Liabilities $899.0M $899.0M $753.4M
Total Liabilities $973.0M $975.2M $792.1M
YoY Change 23.21% 23.12% 35.17%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $5.000K
YoY Change 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.689B $1.689B $1.236B
YoY Change
Total Liabilities & Shareholders Equity $2.665B $2.665B $2.028B
YoY Change 31.37% 31.37% 35.7%

Cashflow Statement

Concept 2019 Q4 2019 2018
OPERATING ACTIVITIES
Net Income $22.56M $80.08M $58.17M
YoY Change 70.75% 37.66% 0.1%
Depreciation, Depletion And Amortization $16.70M $59.20M $43.70M
YoY Change 39.17% 35.47% 123.12%
Cash From Operating Activities $38.20M $126.7M $93.25M
YoY Change 32.18% 35.88% 13.44%
INVESTING ACTIVITIES
Capital Expenditures -$150.2M $702.9M $608.3M
YoY Change -42.91% 15.55% -267.62%
Acquisitions
YoY Change
Other Investing Activities $30.90M $65.10M $64.50M
YoY Change 442.11% 0.93% 47.26%
Cash From Investing Activities -$119.3M -$667.5M -$568.1M
YoY Change -53.67% 17.5% 78.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$471.3M -$338.6M
YoY Change 39.2% 52.81%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 112.5M 529.0M 470.1M
YoY Change -57.43% 12.54% 79.22%
NET CHANGE
Cash From Operating Activities 38.20M 126.7M 93.25M
Cash From Investing Activities -119.3M -667.5M -568.1M
Cash From Financing Activities 112.5M 529.0M 470.1M
Net Change In Cash 31.40M -11.82M -4.807M
YoY Change -12.04% 145.85% -118.93%
FREE CASH FLOW
Cash From Operating Activities $38.20M $126.7M $93.25M
Capital Expenditures -$150.2M $702.9M $608.3M
Free Cash Flow $188.4M -$576.2M -$515.1M
YoY Change -35.48% 11.87% -215.72%

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CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019 us-gaap Weighted Average Number Of Shares Restricted Stock
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;text-decoration:underline;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and (2) revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
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CY2019 us-gaap Operating Lease Variable Lease Income
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2
CY2020 adc Finance Lease Right Of Use Asset Amortization And Interest Expense
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CY2020 us-gaap Operating Lease Cost
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CY2020 us-gaap Lease Cost
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1705000
CY2019 us-gaap Lease Cost
LeaseCost
1131000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1064000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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19672000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
1131000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
276836000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
275774000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
271554000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
261256000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
250238000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1471565000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2807223000
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
6100000
CY2019Q4 us-gaap Deferred Revenue
DeferredRevenue
4100000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
1300000
CY2020 adc Right Of Use Asset Removed In Exchange For Real Property
RightOfUseAssetRemovedInExchangeForRealProperty
0
CY2019 adc Right Of Use Asset Removed In Exchange For Real Property
RightOfUseAssetRemovedInExchangeForRealProperty
3025000
CY2020 adc Right Of Use Asset Net
RightOfUseAssetNet
1064000
CY2019 adc Right Of Use Asset Net
RightOfUseAssetNet
16647000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1069000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1073000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P38Y3M18D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P38Y2M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0413
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0413
CY2020Q4 adc Net Lessee Operating Lease Liability Payments Year Two
NetLesseeOperatingLeaseLiabilityPaymentsYearTwo
350000
CY2020Q4 adc Net Lessee Operating Lease Liability Payments Year Three
NetLesseeOperatingLeaseLiabilityPaymentsYearThree
370000
CY2020Q4 adc Net Lessee Operating Lease Liability Payments Year Five
NetLesseeOperatingLeaseLiabilityPaymentsYearFive
402000
CY2020Q4 adc Net Lessee Operating Lease Liability Payments After Year Five
NetLesseeOperatingLeaseLiabilityPaymentsAfterYearFive
15011000
CY2020Q4 adc Net Lessee Operating Lease Liability Payments Year Four
NetLesseeOperatingLeaseLiabilityPaymentsYearFour
386000
CY2020Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount After Year Five
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountAfterYearFive
15025000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
18321000
CY2020Q4 adc Net Lessee Operating Lease Liability Payments Next Twelve Months
NetLesseeOperatingLeaseLiabilityPaymentsNextTwelveMonths
348000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1033000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1026000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1031000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1031000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1031000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
30036000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35188000
CY2020Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Next Twelve Months
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
685000
CY2020Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Two
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearTwo
676000
CY2020Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Three
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearThree
661000
CY2020Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Four
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFour
645000
CY2020Q4 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Five
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFive
629000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16867000
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1129
CY2020Q4 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
22700000
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3300000000
CY2019Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
821
CY2019Q4 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
14600000
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2220000000
CY2020Q4 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
11900000
CY2019Q4 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
3000000.0
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
998000
CY2020 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
317
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1310000000
CY2020 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
39
CY2020 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y3M18D
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
386900000
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
768200000
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
158100000
CY2019 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
186
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
702900000
CY2019 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
40
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y8M12D
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
195800000
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
415100000
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
92000000.0
CY2020 adc Number Of Development And Partner Capital Solutions Projects Completed
NumberOfDevelopmentAndPartnerCapitalSolutionsProjectsCompleted
9
CY2019 adc Number Of Development And Partner Capital Solutions Projects Completed
NumberOfDevelopmentAndPartnerCapitalSolutionsProjectsCompleted
8
CY2020 adc Number Of Development And Partner Capital Solutions Projects Construction
NumberOfDevelopmentAndPartnerCapitalSolutionsProjectsConstruction
3
CY2020 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
47700000
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
8000000.0
CY2019 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
65500000
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
13300000
CY2018 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
65800000
CY2018 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
11200000
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4100000
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1600000
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2300000
CY2018Q4 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
17300000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1230000000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1060000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
68758000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
192963000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
51026000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
910629000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1225434000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
246000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1225188000
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000
CY2020Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
2.405
CY2019Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
2.280
CY2018Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
2.155
CY2020Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
2.405
CY2019Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
2.280
CY2018Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
2.155
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
475000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1086000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
538000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
516000
CY2020 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
6500000
CY2020Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
16200000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2286000
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
2286000
CY2020Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
1258000
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2020Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
1028000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
16985000
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
16985000
CY2020Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
1258000
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
15727000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
572000
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
572000
CY2019Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
572000
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2019Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7943000
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
7943000
CY2019Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
572000
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0
CY2019Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
7371000

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