2022 Q3 Form 10-Q Financial Statement

#000010489422000096 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $54.60M $51.38M $44.75M
YoY Change 28.48% 24.42% 4.58%
Cost Of Revenue $19.56M $18.58M $17.29M
YoY Change 26.65% 26.04% -0.82%
Gross Profit $35.04M $32.80M $27.46M
YoY Change 29.53% 23.51% 8.28%
Gross Profit Margin 64.18% 63.83% 61.37%
Selling, General & Admin $6.400M $7.656M $7.700M
YoY Change -19.08% -35.82% 28.55%
% of Gross Profit 18.26% 23.34% 28.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.70M $24.04M $20.11M
YoY Change 29.85% -57.97% -33.4%
% of Gross Profit 67.63% 73.3% 73.25%
Operating Expenses $30.03M $31.70M $27.81M
YoY Change 14.79% -31.42% 17.71%
Operating Profit $692.0K -$2.718M -$353.0K
YoY Change -142.66% 16.1% -120.4%
Interest Expense $6.582M $6.156M -$5.676M
YoY Change -18.8% -39.4% -40.63%
% of Operating Profit 951.16%
Other Income/Expense, Net -$11.43M -$6.156M $1.072M
YoY Change -44.8% -57.24%
Pretax Income -$10.74M -$8.874M -$6.796M
YoY Change -51.9% -63.05% -56.44%
Income Tax
% Of Pretax Income
Net Earnings -$10.74M -$8.874M -$6.796M
YoY Change -134.29% 26.92% -38.43%
Net Earnings / Revenue -19.67% -17.27% -15.19%
Basic Earnings Per Share -$0.12 -$0.10 -$0.08
Diluted Earnings Per Share -$0.12 -$0.10 -$0.08
COMMON SHARES
Basic Shares Outstanding 87.40M shares 87.39M shares 84.64M shares
Diluted Shares Outstanding 87.45M shares 87.39M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.400M $44.79M $233.6M
YoY Change -97.27% 724.05% 2933.77%
Cash & Equivalents $8.436M $44.79M $233.6M
Short-Term Investments
Other Short-Term Assets $28.20M $32.87M $33.87M
YoY Change -14.83% 16.14% -52.3%
Inventory
Prepaid Expenses
Receivables $16.10M $16.64M $15.07M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $52.70M $94.30M $282.6M
YoY Change -85.18% 102.36% 106.28%
LONG-TERM ASSETS
Property, Plant & Equipment $1.825B $1.839B $1.593B
YoY Change 21.96% 26.34% -29.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.400M $1.984M $620.0K
YoY Change 131.4% -99.77% 3.33%
Total Long-Term Assets $1.827B $1.841B $1.593B
YoY Change 22.02% -20.73% -29.89%
TOTAL ASSETS
Total Short-Term Assets $52.70M $94.30M $282.6M
Total Long-Term Assets $1.827B $1.841B $1.593B
Total Assets $1.880B $1.935B $1.876B
YoY Change 1.44% -18.3% -22.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.20M $39.89M $40.59M
YoY Change -6.85% -16.72% -26.21%
Accrued Expenses
YoY Change
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 $56.60M $60.30M $59.90M
YoY Change -2.08% -22.39% -36.34%
LONG-TERM LIABILITIES
Long-Term Debt $540.2M $568.7M $496.9M
YoY Change 8.73% -42.49% -49.67%
Other Long-Term Liabilities $1.500M $1.821M $2.082M
YoY Change -14.14% -92.81% -71.08%
Total Long-Term Liabilities $541.7M $570.5M $499.0M
YoY Change 8.65% -43.75% -49.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.60M $60.30M $59.90M
Total Long-Term Liabilities $541.7M $570.5M $499.0M
Total Liabilities $598.3M $630.8M $558.9M
YoY Change 7.55% -42.23% -48.66%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $875.0K $874.0K $863.0K
YoY Change 3.43% 3.31% 2.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.281B $1.304B $1.317B
YoY Change
Total Liabilities & Shareholders Equity $1.880B $1.935B $1.876B
YoY Change 1.44% -18.3% -22.15%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$10.74M -$8.874M -$6.796M
YoY Change -134.29% 26.92% -38.43%
Depreciation, Depletion And Amortization $23.70M $24.04M $20.11M
YoY Change 29.85% -57.97% -33.4%
Cash From Operating Activities $17.50M $25.33M $22.77M
YoY Change 893.75% -60.81% -20.93%
INVESTING ACTIVITIES
Capital Expenditures $8.300M -$107.9M -$119.8M
YoY Change -114.81% 937.03% -711.04%
Acquisitions
YoY Change
Other Investing Activities $2.300M $5.266M -$1.307M
YoY Change -99.74% -167.56% -101.43%
Cash From Investing Activities -$6.100M -$102.6M -$121.1M
YoY Change -100.72% 463.87% -269.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.30M -16.31M 24.12M
YoY Change -91.07% -66.5% -125.02%
NET CHANGE
Cash From Operating Activities 17.50M 25.33M 22.77M
Cash From Investing Activities -6.100M -102.6M -121.1M
Cash From Financing Activities -48.30M -16.31M 24.12M
Net Change In Cash -36.90M -93.58M -74.18M
YoY Change -112.2% 4040.53% -1954.55%
FREE CASH FLOW
Cash From Operating Activities $17.50M $25.33M $22.77M
Capital Expenditures $8.300M -$107.9M -$119.8M
Free Cash Flow $9.200M $133.2M $142.5M
YoY Change -84.08% 77.53% 1449.32%

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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2021Q2 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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5000 usd
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us-gaap Dividends
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2584000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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8000 usd
us-gaap Common Stock Dividends Per Share Declared
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0.60
us-gaap Dividends
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1276435000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-8874000 usd
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917000 usd
CY2022Q2 wre Other Comprehensive Income Loss Cash Flow Hedge Amortization Reclassification After Tax
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CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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3000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q2 us-gaap Dividends
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14900000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1304096000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Net Income Loss
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1004000 usd
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CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q2 us-gaap Dividends
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25473000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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489000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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2240000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1276435000 usd
us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
-8139000 usd
us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Provision For Doubtful Accounts
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1344000 usd
us-gaap Provision For Doubtful Accounts
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1337000 usd
us-gaap Share Based Compensation
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4240000 usd
us-gaap Share Based Compensation
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3750000 usd
us-gaap Amortization Of Financing Costs And Discounts
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2006000 usd
us-gaap Amortization Of Financing Costs And Discounts
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2227000 usd
us-gaap Gain Loss On Sale Of Derivatives
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us-gaap Gain Loss On Sale Of Derivatives
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us-gaap Increase Decrease In Other Operating Assets
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2469000 usd
us-gaap Increase Decrease In Other Operating Assets
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6071000 usd
us-gaap Increase Decrease In Other Operating Liabilities
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-783000 usd
us-gaap Increase Decrease In Other Operating Liabilities
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8564000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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33979000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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64622000 usd
us-gaap Payments To Acquire Commercial Real Estate
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204433000 usd
us-gaap Payments To Acquire Commercial Real Estate
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
11395000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
10370000 usd
us-gaap Payments To Develop Real Estate Assets
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659000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
7794000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
642000 usd
us-gaap Payments To Acquire Other Productive Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Long Term Lines Of Credit
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0 usd
us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Payments Of Dividends
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29524000 usd
us-gaap Payments Of Dividends
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us-gaap Payment Of Financing And Stock Issuance Costs
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us-gaap Payment Of Financing And Stock Issuance Costs
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us-gaap Payments To Minority Shareholders
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5000 usd
us-gaap Payments To Minority Shareholders
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7000 usd
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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518000 usd
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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1009000 usd
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2100000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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335000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2260000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234220000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8290000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46771000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6030000 usd
us-gaap Interest Paid Net
InterestPaidNet
9597000 usd
us-gaap Interest Paid Net
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12038000 usd
wre Change In Accrued Capital Improvement And Development Costs
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1209000 usd
wre Change In Accrued Capital Improvement And Development Costs
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CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
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14916000 usd
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
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25474000 usd
us-gaap Notes Assumed1
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us-gaap Notes Assumed1
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0 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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44787000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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5435000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
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1984000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
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595000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46771000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6030000 usd
us-gaap Nature Of Operations
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NATURE OF BUSINESS <div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Washington Real Estate Investment Trust (“WashREIT”), a Maryland real estate investment trust, is a self-administered equity real estate investment trust, successor to a trust organized in 1960. Our business primarily consists of the ownership of apartment communities in the greater Washington, DC metro and Southeastern regions. Within these notes to the financial statements, we refer to the three months ended June 30, 2022 and June 30, 2021 as the “2022 Quarter” and the “2021 Quarter,” respectively, and the six months ended June 30, 2022 and June 30, 2021 as the “2022 Period” and the “2021 Period,” respectively. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Federal Income Taxes</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe that we qualify as a real estate investment trust (“REIT”) under Sections 856-860 of the Internal Revenue Code of 1986, as amended (the “Code”), and intend to continue to qualify as such. To maintain our status as a REIT, we are, among other things, required to distribute 90% of our REIT taxable income (determined before the deduction for dividends paid and excluding net capital gains to our shareholders) on an annual basis. When selling a property, we generally have the option of (a) reinvesting the sales proceeds of property sold in a way that allows us to defer recognition of some or all taxable gain realized on the sale, (b) distributing gains to the shareholders with no tax to us or (c) treating net long-term capital gains as having been distributed to our shareholders, paying the tax on the gain deemed distributed and allocating the tax paid as a credit to our shareholders.</span></div>Generally, and subject to our ongoing qualification as a REIT, no provisions for income taxes are necessary except for taxes on undistributed taxable income and taxes on the income generated by our taxable REIT subsidiary (“TRS”). Our TRS is subject to corporate federal and state income tax on its taxable income at regular statutory rates. As of both June 30, 2022 and December 31, 2021, our TRS had a deferred tax asset of $1.4 million that was fully reserved.
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
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CY2022Q2 wre Asset Acquisition Earnings Or Loss Of Acquiree Since Acquisition Date Actual
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CY2022Q2 us-gaap Operating Lease Liability
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3400000 usd
us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates in the Financial Statements</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2022Q2 wre Asset Acquisition Revenue Of Acquiree Since Acquisition Date Actual
AssetAcquisitionRevenueOfAcquireeSinceAcquisitionDateActual
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wre Asset Acquisition Revenue Of Acquiree Since Acquisition Date Actual
AssetAcquisitionRevenueOfAcquireeSinceAcquisitionDateActual
4726000 usd
wre Asset Acquisition Earnings Or Loss Of Acquiree Since Acquisition Date Actual
AssetAcquisitionEarningsOrLossOfAcquireeSinceAcquisitionDateActual
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wre Asset Acquisition Credit For Operating Expenditures And Closing Costs
AssetAcquisitionCreditForOperatingExpendituresAndClosingCosts
2800000 usd
wre Asset Acquisition Contract Purchase Price
AssetAcquisitionContractPurchasePrice
283236000 usd
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AssetAcquisitionTransactionCostsCapitalized
478000 usd
us-gaap Asset Acquisition Consideration Transferred
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283714000 usd
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5042000 usd
us-gaap Asset Acquisition Consideration Transferred
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283714000 usd
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AssetAcquisitionMortgagesAssumed
76554000 usd
wre Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
207160000 usd
CY2022Q2 wre Absorption Costs Weighted Average Useful Life
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P4M
us-gaap Asset Acquisition Consideration Transferred
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283700000 usd
us-gaap Payments To Acquire Commercial Real Estate
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204400000 usd
wre Asset Acquisition Mortgages Assumed
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76600000 usd
CY2022Q2 us-gaap Impairment Of Real Estate
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0 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
30561000 usd
us-gaap Disposal Group Including Discontinued Operation Revenue
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59587000 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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4855000 usd
us-gaap Disposal Group Including Discontinued Operation Operating Expense
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9331000 usd
CY2021Q2 wre Disposal Group Including Discontinued Operation Real Estate Taxes And Insurance
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4783000 usd
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9660000 usd
CY2021Q2 wre Disposal Group Including Discontinued Operation Property Management
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930000 usd
wre Disposal Group Including Discontinued Operation Property Management
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1817000 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
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10248000 usd
us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
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22904000 usd
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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9745000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
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15875000 usd
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.12
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.19
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.12
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.19
CY2021Q2 us-gaap Capital Expenditure Discontinued Operations
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2109000 usd
us-gaap Capital Expenditure Discontinued Operations
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2483000 usd
CY2022Q2 us-gaap Repayments Of Long Term Lines Of Credit
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0 usd
CY2022Q2 us-gaap Proceeds From Long Term Lines Of Credit
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CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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917000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1004000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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2842000 usd
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2584000 usd
CY2022Q2 wre Other Comprehensive Income Loss Cash Flow Hedge Amortization Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax
-510000 usd
CY2021Q2 wre Other Comprehensive Income Loss Cash Flow Hedge Amortization Reclassification After Tax
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-509000 usd
wre Other Comprehensive Income Loss Cash Flow Hedge Amortization Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax
-1020000 usd
wre Other Comprehensive Income Loss Cash Flow Hedge Amortization Reclassification After Tax
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-1019000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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2100000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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2200000 usd
us-gaap Allocated Share Based Compensation Expense
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CY2021Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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CY2022Q2 wre Stock Issued During Period Weighted Average Price Per Share Dividend Reinvestment Plan
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CY2021Q2 wre Stock Issued During Period Weighted Average Price Per Share Dividend Reinvestment Plan
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CY2021Q2 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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518000 usd
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
1009000 usd

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