2020 Q4 Form 10-Q Financial Statement

#000144483820000022 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $83.32M $84.51M $81.55M
YoY Change 0.34% 3.63% -18.69%
Cost Of Revenue $9.000M $10.30M $9.600M
YoY Change -10.89% 7.29% -10.28%
Gross Profit $74.30M $74.20M $71.90M
YoY Change 1.78% 3.2% -19.75%
Gross Profit Margin 89.18% 87.8% 88.17%
Selling, General & Admin $8.700M $8.200M $8.800M
YoY Change 7.41% -6.82% 17.33%
% of Gross Profit 11.71% 11.05% 12.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.70M $40.60M $37.20M
YoY Change 13.06% 9.14% -1.33%
% of Gross Profit 54.78% 54.72% 51.74%
Operating Expenses $49.50M $48.80M $46.00M
YoY Change 12.5% 6.09% 2.0%
Operating Profit $24.80M $25.40M $25.90M
YoY Change -14.48% -1.93% -41.8%
Interest Expense -$12.60M $13.65M $16.48M
YoY Change -12.5% -17.18% -22.11%
% of Operating Profit -50.81% 53.74% 63.63%
Other Income/Expense, Net $400.0K $40.00K $532.0K
YoY Change 33.33% -92.48% 24.01%
Pretax Income $105.6M $44.04M $145.4M
YoY Change 22.65% -69.7% -34.32%
Income Tax $200.0K $286.0K $241.0K
% Of Pretax Income 0.19% 0.65% 0.17%
Net Earnings $105.2M $41.90M $143.3M
YoY Change 23.18% -70.76% -34.26%
Net Earnings / Revenue 126.29% 49.58% 175.74%
Basic Earnings Per Share $0.37 $0.15 $0.60
Diluted Earnings Per Share $0.37 $0.15 $0.59
COMMON SHARES
Basic Shares Outstanding 277.0M shares 274.7M shares 236.3M shares
Diluted Shares Outstanding 276.0M shares 241.4M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $178.8M $287.9M $126.1M
YoY Change 45.72% 128.31% -1.79%
Cash & Equivalents $178.8M $287.9M $126.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.899M $2.310M $2.336M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $248.7M $356.6M $193.0M
YoY Change 29.4% 84.77% 3.49%
LONG-TERM ASSETS
Property, Plant & Equipment $3.147B $3.024B $2.691B
YoY Change 8.73% 12.38% 8.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $56.46M $56.49M $53.80M
YoY Change -1.23% 5.01% -24.1%
Other Assets $33.10M $177.3M $81.90M
YoY Change 32.4% 116.48% -80.19%
Total Long-Term Assets $3.245B $3.265B $2.842B
YoY Change 8.58% 14.91% -4.82%
TOTAL ASSETS
Total Short-Term Assets $248.7M $356.6M $193.0M
Total Long-Term Assets $3.245B $3.265B $2.842B
Total Assets $3.493B $3.622B $3.035B
YoY Change 9.84% 19.35% -4.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.20M $52.80M $21.00M
YoY Change 97.14% 151.43% -28.08%
Accrued Expenses $38.80M $46.40M $52.60M
YoY Change -17.97% -11.79% 415.69%
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 $129.4M $133.7M $104.3M
YoY Change 20.15% 28.19% 18.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.341B $1.362B $1.296B
YoY Change 2.23% 5.1% -21.73%
Other Long-Term Liabilities $31.40M $211.8M $43.40M
YoY Change -12.29% 388.02% 37.78%
Total Long-Term Liabilities $1.373B $1.574B $1.339B
YoY Change 1.84% 17.51% -20.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $129.4M $133.7M $104.3M
Total Long-Term Liabilities $1.373B $1.574B $1.339B
Total Liabilities $1.502B $1.708B $1.444B
YoY Change 3.2% 18.28% -18.67%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $28.00K $28.00K $25.00K
YoY Change 12.0% 12.0% 4.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.971B $1.893B $1.572B
YoY Change
Total Liabilities & Shareholders Equity $3.493B $3.622B $3.035B
YoY Change 9.84% 19.35% -4.33%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $105.2M $41.90M $143.3M
YoY Change 23.18% -70.76% -34.26%
Depreciation, Depletion And Amortization $40.70M $40.60M $37.20M
YoY Change 13.06% 9.14% -1.33%
Cash From Operating Activities $49.30M $59.00M $54.30M
YoY Change 0.0% 8.66% -7.65%
INVESTING ACTIVITIES
Capital Expenditures -$216.3M -$87.20M -$183.5M
YoY Change -9.57% -52.48% 155.57%
Acquisitions
YoY Change
Other Investing Activities $92.50M $32.70M $216.0M
YoY Change -44.58% -84.86% -67.82%
Cash From Investing Activities -$123.8M -$54.40M $32.50M
YoY Change 71.23% -267.38% -94.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.90M 201.4M -14.00M
YoY Change -294.05% -1538.57% -96.61%
NET CHANGE
Cash From Operating Activities 49.30M 59.00M 54.30M
Cash From Investing Activities -123.8M -54.40M 32.50M
Cash From Financing Activities -35.90M 201.4M -14.00M
Net Change In Cash -110.4M 206.0M 72.80M
YoY Change 2353.33% 182.97% -70.3%
FREE CASH FLOW
Cash From Operating Activities $49.30M $59.00M $54.30M
Capital Expenditures -$216.3M -$87.20M -$183.5M
Free Cash Flow $265.6M $146.2M $237.8M
YoY Change -7.94% -38.52% 82.08%

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CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274696046 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236285216 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264211668 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
233833340 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276022762 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
241355289 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265446221 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
234011643 shares
CY2020Q3 us-gaap Profit Loss
ProfitLoss
43618000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
147821000 USD
us-gaap Profit Loss
ProfitLoss
81169000 USD
us-gaap Profit Loss
ProfitLoss
199870000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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1043000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-5549000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-17759000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-5625000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1043000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5549000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
44661000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
142272000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
63410000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
194245000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1714000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4502000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2245000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5191000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42947000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
137770000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
61165000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
189054000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1892186000 USD
CY2020Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
398000 USD
CY2020Q3 lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
8143000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
31039000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
43618000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1043000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1914349000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1344174000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2019Q3 lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
133489000 USD
CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1339000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
10000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
27571000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
147821000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5549000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1591035000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1724719000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1285000 USD
lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
230117000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
11042000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2623000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
91518000 USD
us-gaap Profit Loss
ProfitLoss
81169000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17759000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1914349000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1346678000 USD
lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
136585000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
958000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5281000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
15000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
80249000 USD
us-gaap Profit Loss
ProfitLoss
199870000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5625000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1591035000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152466000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
142919000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
429834000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
439885000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
21561000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
0 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
15328000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
12130000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
99740000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
334395000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6152000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1776000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
6843000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
14830000 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
4791000 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
5231000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-461000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
4936000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-370622000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-114733000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
87966000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
96117000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
16132000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
20050000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
67229000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
170000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
110000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
170000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
110000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
396932000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
112312000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
CY2020Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
135 term
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3803000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5456000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
9477000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
3500000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1285000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1521000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2196000 USD
lxp Payment Tax Withholding Sharebased Payment Arrangementand Issuanceof Common Shares
PaymentTaxWithholdingSharebasedPaymentArrangementandIssuanceofCommonShares
2623000 USD
lxp Payment Tax Withholding Sharebased Payment Arrangementand Issuanceof Common Shares
PaymentTaxWithholdingSharebasedPaymentArrangementandIssuanceofCommonShares
5368000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225122000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
131831000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11042000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3598000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
378463000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-71683000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
160307000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-43497000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129310000 USD
CY2020Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
29 state
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177247000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
289617000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133750000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
122666000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
168750000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6644000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8497000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129310000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177247000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
287920000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
126058000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1697000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7692000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
289617000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133750000 USD
us-gaap Use Of Estimates
UseOfEstimates
<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.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Management has made a number of significant estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses to prepare these unaudited condensed consolidated financial statements in conformity with GAAP. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the economic uncertainty primarily caused by the recent outbreak of COVID-19. Management adjusts such estimates when facts and circumstances dictate. The most significant estimates made include the recoverability of accounts receivable and deferred rent receivable, the allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed, the determination of VIEs and which entities should be consolidated, the determination of impairment of long-lived assets and equity method investments, valuation of derivative financial instruments, valuation of awards granted under compensation plans, the determination of the incremental borrowing rate for leases where the Company is the lessee and the useful lives of long-lived assets. Actual results could differ materially from those estimates.</span>
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40285000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
141560000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
74088000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
189657000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274696046 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236285216 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264211668 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
233833340 shares
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.15
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.60
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.28
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.81
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40285000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
141560000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
74088000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
189657000 USD
CY2020Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
CY2019Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
1573000 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
40285000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
143133000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
74088000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
189657000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274696046 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236285216 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264211668 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
233833340 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1326716 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
359503 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1234553 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
178303 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
4710570 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276022762 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
241355289 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265446221 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
234011643 shares
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.15
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.59
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.81
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
429799000 USD
CY2020Q3 us-gaap Land
Land
31118000 USD
CY2020Q3 lxp Investment Building And Building Improvements Acquired During Period
InvestmentBuildingAndBuildingImprovementsAcquiredDuringPeriod
365682000 USD
CY2020Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
32999000 USD
CY2020Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
41948000 USD
lxp Construction In Progress Capitalized Interest
ConstructionInProgressCapitalizedInterest
578000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
29016000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
4415000 USD
CY2020Q3 lxp Numberof Real Estate Properties Held For Sale
NumberofRealEstatePropertiesHeldForSale
5 property
CY2019Q4 lxp Numberof Real Estate Properties Held For Sale
NumberofRealEstatePropertiesHeldForSale
0 property
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7792000 USD
lxp Number Of Impairment Charges
NumberOfImpairmentCharges
2 impairment_charge
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2355000 USD
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
56489000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
57168000 USD
CY2020Q3 lxp Number Of Joint Venture Interests
NumberOfJointVentureInterests
1 partnership
CY2020Q3 lxp Debt Instrument Debt Default Numberof Loans
DebtInstrumentDebtDefaultNumberofLoans
1 loan
CY2020Q3 us-gaap Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
18413000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1112000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
251000 USD
CY2020Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
4830000 USD
us-gaap Interest Expense
InterestExpense
42610000 USD
us-gaap Interest Expense
InterestExpense
50715000 USD
lxp Lessor Operating Lease Receivable Deemed Uncollectable
LessorOperatingLeaseReceivableDeemedUncollectable
1452000 USD
lxp Lessor Lease Execution Costs
LessorLeaseExecutionCosts
67000 USD
lxp Lessor Lease Execution Costs
LessorLeaseExecutionCosts
163000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
74902000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
73396000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
219542000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
218808000 USD
CY2020Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
8690000 USD
CY2019Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
6929000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
23879000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
20250000 USD
CY2020Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P53Y
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
83592000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
80325000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
243421000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
239058000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
71930000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
281421000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
270067000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
269224000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
238853000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
212486000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1280114000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2624095000 USD
CY2020Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P43Y
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y3M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y4M24D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
us-gaap Operating Lease Cost
OperatingLeaseCost
3997000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
76000 USD
us-gaap Lease Cost
LeaseCost
4073000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3995000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
85000 USD
us-gaap Lease Cost
LeaseCost
4080000 USD
us-gaap Sublease Income
SubleaseIncome
2824000 USD
us-gaap Sublease Income
SubleaseIncome
2823000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1241000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5117000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5211000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5355000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5377000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5377000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
21389000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
49067000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11729000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
37338000 USD
CY2015Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
CY2018Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1329940 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
441581 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.28
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.13
CY2020Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
8976315 shares
lxp Partners Capital Equivalent In Common Shares
PartnersCapitalEquivalentInCommonShares
1.13
CY2020Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
2711000 shares
us-gaap Net Income Loss
NetIncomeLoss
78924000 USD
us-gaap Net Income Loss
NetIncomeLoss
194679000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
632000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
504000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
79556000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
195183000 USD
us-gaap Interest Paid Net
InterestPaidNet
34818000 USD
us-gaap Interest Paid Net
InterestPaidNet
40798000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1525000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1321000 USD

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