2019 Q4 Form 10-Q Financial Statement

#000145677219000047 Filed on November 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $160.2M $167.4M $106.1M
YoY Change 54.53% 57.78% 51.19%
Cost Of Revenue $49.10M $49.20M $33.90M
YoY Change 37.54% 45.13% 43.04%
Gross Profit $111.1M $118.2M $72.20M
YoY Change 63.38% 63.71% 55.27%
Gross Profit Margin 69.36% 70.6% 68.05%
Selling, General & Admin $15.20M $17.50M $30.20M
YoY Change -371.43% -42.05% 247.13%
% of Gross Profit 13.68% 14.81% 41.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.20M $73.60M $42.30M
YoY Change 91.38% 74.0% 106.34%
% of Gross Profit 55.99% 62.27% 58.59%
Operating Expenses $78.70M $92.50M $72.70M
YoY Change 186.18% 27.24% 146.44%
Operating Profit $32.40M $25.70M -$4.303M
YoY Change -20.0% -697.26% -125.67%
Interest Expense -$29.80M $32.37M $23.37M
YoY Change -56.18% 38.47% 45.59%
% of Operating Profit -91.98% 125.94%
Other Income/Expense, Net
YoY Change
Pretax Income $66.00M -$3.587M -$9.808M
YoY Change -412.8% -63.43% -1067.26%
Income Tax $300.0K $156.0K $9.000K
% Of Pretax Income 0.45%
Net Earnings $65.00M -$3.939M -$449.0K
YoY Change -260.89% 777.28% -104.09%
Net Earnings / Revenue 40.58% -2.35% -0.42%
Basic Earnings Per Share
Diluted Earnings Per Share $1.351M -$81.08K -$16.13K
COMMON SHARES
Basic Shares Outstanding 48.20M shares 48.07M shares 24.77M shares
Diluted Shares Outstanding 48.07M shares 24.77M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.70M $29.00M $9.600M
YoY Change 165.44% 202.08% -98.26%
Cash & Equivalents $93.74M $29.00M $9.644M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $83.60M $70.20M $55.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $177.3M $99.20M $64.90M
YoY Change 65.08% 52.85% -89.17%
LONG-TERM ASSETS
Property, Plant & Equipment $3.838B $3.990B $2.352B
YoY Change -17.03% 69.68% 38.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $39.80M $40.50M $498.4M
YoY Change -8.92% -91.87% 4.87%
Other Assets $117.9M $197.3M $433.2M
YoY Change -58.31% -54.46% 1800.0%
Total Long-Term Assets $4.016B $4.261B $3.420B
YoY Change -21.74% 24.61% 16.4%
TOTAL ASSETS
Total Short-Term Assets $177.3M $99.20M $64.90M
Total Long-Term Assets $4.016B $4.261B $3.420B
Total Assets $4.193B $4.360B $3.484B
YoY Change -19.96% 25.14% -1.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $125.0M $118.3M $64.90M
YoY Change -14.09% 82.28% 2.2%
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 $132.1M $126.0M $88.20M
YoY Change -26.77% 42.86% 30.09%
LONG-TERM LIABILITIES
Long-Term Debt $2.327B $2.536B $2.138B
YoY Change -28.5% 18.61% 2.66%
Other Long-Term Liabilities $27.90M $31.50M $18.80M
YoY Change 14.81% 67.55% 113.64%
Total Long-Term Liabilities $2.355B $2.568B $2.157B
YoY Change -28.18% 19.04% 3.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $132.1M $126.0M $88.20M
Total Long-Term Liabilities $2.355B $2.568B $2.157B
Total Liabilities $2.487B $2.694B $2.245B
YoY Change -28.1% 19.98% 3.97%
SHAREHOLDERS EQUITY
Retained Earnings $177.2M $112.2M $204.6M
YoY Change 20.65% -45.16% 61.84%
Common Stock $2.613B $2.613B $1.970B
YoY Change 0.1% 32.61% 0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.706B $1.667B $1.239B
YoY Change
Total Liabilities & Shareholders Equity $4.193B $4.360B $3.484B
YoY Change -19.96% 25.14% -1.49%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $65.00M -$3.939M -$449.0K
YoY Change -260.89% 777.28% -104.09%
Depreciation, Depletion And Amortization $62.20M $73.60M $42.30M
YoY Change 91.38% 74.0% 106.34%
Cash From Operating Activities $67.20M $40.30M $26.70M
YoY Change 172.06% 50.94% 2.3%
INVESTING ACTIVITIES
Capital Expenditures -$26.60M -$17.90M -$11.30M
YoY Change 78.52% 58.41% -98.29%
Acquisitions
YoY Change
Other Investing Activities $264.6M $388.8M $4.300M
YoY Change -57.78% 8941.86% -73.94%
Cash From Investing Activities $238.0M $370.9M -$7.000M
YoY Change -61.1% -5398.57% -98.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -237.6M -402.9M -28.70M
YoY Change -61.02% 1303.83% -102.48%
NET CHANGE
Cash From Operating Activities 67.20M 40.30M 26.70M
Cash From Investing Activities 238.0M 370.9M -7.000M
Cash From Financing Activities -237.6M -402.9M -28.70M
Net Change In Cash 67.60M 8.300M -9.000M
YoY Change 151.3% -192.22% -101.67%
FREE CASH FLOW
Cash From Operating Activities $67.20M $40.30M $26.70M
Capital Expenditures -$26.60M -$17.90M -$11.30M
Free Cash Flow $93.80M $58.20M $38.00M
YoY Change 136.87% 53.16% -94.47%

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opi Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax
119000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
34000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
126000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-196000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
119000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3905000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-323000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-34890000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
35930000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-3939000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-449000 USD
us-gaap Net Income Loss
NetIncomeLoss
-34694000 USD
us-gaap Net Income Loss
NetIncomeLoss
35811000 USD
CY2019Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
371000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3939000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-449000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34694000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35440000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48073000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24768000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48051000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24764000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48073000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24768000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48051000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24769000 shares
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.08
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.39
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.72
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.47
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
0
CY2018Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
0.37
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
0.96
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.72
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.43
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1778968000 USD
CY2019Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
865000 USD
CY2019Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-371000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-32000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34019000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26445000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1787004000 USD
CY2019Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
971000 USD
CY2019Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
63000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
4000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-198000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-64774000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26450000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1696486000 USD
CY2019Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
889000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
396000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
34000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3939000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26461000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1666613000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1330043000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
1330755000 USD
CY2018Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
11000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-41000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6287000 USD
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
42632000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
1294358000 USD
CY2018Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
297000 USD
CY2018Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7000 USD
CY2018Q2 opi Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax
34000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29602000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
42634000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1281650000 USD
CY2018Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
887000 USD
CY2018Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
212000 USD
CY2018Q3 opi Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax
126000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-449000 USD
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
42641000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1239361000 USD
us-gaap Net Income Loss
NetIncomeLoss
-34694000 USD
us-gaap Net Income Loss
NetIncomeLoss
35811000 USD
us-gaap Depreciation
Depreciation
68095000 USD
us-gaap Depreciation
Depreciation
51121000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8264000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2749000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
157108000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
77434000 USD
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
4329000 USD
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
3524000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
33538000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
17329000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14105000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5800000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-769000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Straight Line Rent
StraightLineRent
19365000 USD
us-gaap Straight Line Rent
StraightLineRent
7825000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1907000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-189000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-44007000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
40677000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-573000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1112000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
23843000 USD
us-gaap Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee
GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee
0 USD
us-gaap Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee
GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee
29000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
23843000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-17185000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-7535000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
22759000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
5937000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
32000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1393000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-30603000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-10361000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-27213000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
18441000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
148138000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
120165000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
39010000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
32625000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
14281000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
1973000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
3046000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
572131000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
142189000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
104674000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
639768000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
126891000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
11001000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2732000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
388000000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
350000000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
420000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
95000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
385000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
198000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
459000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
232000 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
20221000 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
0 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
646000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79356000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
127907000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-793816000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-254738000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5910000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7682000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38943000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19680000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33033000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11998000 USD
us-gaap Interest Paid Net
InterestPaidNet
114226000 USD
us-gaap Interest Paid Net
InterestPaidNet
72651000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
491000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
44000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29002000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9644000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4031000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2354000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33033000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11998000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48073000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24768000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48051000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24764000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48073000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24768000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48051000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24769000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8000 shares
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
CY2019Q3 opi Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
22 lease
CY2019Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
759162 sqft
CY2019Q3 opi Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P12Y8M12D
CY2019Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
17567000 USD
opi Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
78 lease
opi Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
2155394 sqft
opi Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P9Y1M6D
opi Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
61748000 USD
CY2019Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations
56494000 USD
CY2019Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
2900000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2019Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26450000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
26461000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
563213000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
37531000 USD
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.78
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
CY2019Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
6904000 USD
CY2018Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
1990000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
19365000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
7825000 USD
CY2019Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
47148000 USD
CY2018Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
34006000 USD
CY2019Q3 us-gaap Variable Lease Income
VariableLeaseIncome
23092000 USD
us-gaap Variable Lease Income
VariableLeaseIncome
69182000 USD
CY2019Q3 opi Tenant Reimbursement Income
TenantReimbursementIncome
21914000 USD
opi Tenant Reimbursement Income
TenantReimbursementIncome
65577000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
130897000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
498567000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
476585000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
436876000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
390567000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1396144000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3329636000 USD
CY2019Q3 opi Lessee Operating Leases Number Of Leases
LesseeOperatingLeasesNumberOfLeases
1 lease
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2633000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2662000 USD
CY2019Q3 opi Number Of State Governments
NumberOfStateGovernments
13 state_government
CY2019Q3 opi Number Of Other Governments
NumberOfOtherGovernments
3 government_tenant
CY2018Q3 opi Number Of State Governments
NumberOfStateGovernments
13 state_government
CY2018Q3 opi Number Of Other Governments
NumberOfOtherGovernments
3 government_tenant
CY2019Q3 opi Number Of Buildings Collateralized
NumberOfBuildingsCollateralized
11 building
CY2019Q3 opi Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
601003000 USD
CY2019Q3 opi Aggregate Principal Amount Of Real Estate Properties Collateralized
AggregatePrincipalAmountOfRealEstatePropertiesCollateralized
327262000 USD
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
47940000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
55524000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26445000 USD
CY2018Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
9253000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
23843000 USD
CY2018Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4075000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4075000 USD

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