2020 Q4 Form 10-Q Financial Statement

#000145677220000033 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $146.6M $145.8M $167.4M
YoY Change -8.48% -12.91% 57.78%
Cost Of Revenue $43.90M $42.50M $49.20M
YoY Change -10.59% -13.62% 45.13%
Gross Profit $102.8M $103.3M $118.2M
YoY Change -7.47% -12.61% 63.71%
Gross Profit Margin 70.12% 70.85% 70.6%
Selling, General & Admin $12.70M $14.60M $17.50M
YoY Change -16.45% -16.57% -42.05%
% of Gross Profit 12.35% 14.13% 14.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.00M $62.00M $73.60M
YoY Change -0.32% -15.76% 74.0%
% of Gross Profit 60.31% 60.02% 62.27%
Operating Expenses $74.90M $76.80M $92.50M
YoY Change -4.83% -16.97% 27.24%
Operating Profit $27.90M $26.50M $25.70M
YoY Change -13.89% 3.11% -697.26%
Interest Expense -$28.80M $27.10M $32.37M
YoY Change -3.36% -16.28% 38.47%
% of Operating Profit -103.23% 102.25% 125.94%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.100M -$3.572M -$3.587M
YoY Change -101.67% -0.42% -63.43%
Income Tax $200.0K -$54.00K $156.0K
% Of Pretax Income
Net Earnings -$1.700M -$3.797M -$3.939M
YoY Change -102.62% -3.6% 777.28%
Net Earnings / Revenue -1.16% -2.6% -2.35%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$35.27K -$0.08 -$81.08K
COMMON SHARES
Basic Shares Outstanding 48.32M shares 48.13M shares 48.07M shares
Diluted Shares Outstanding 48.13M shares 48.07M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.00M $45.00M $29.00M
YoY Change -55.18% 55.17% 202.08%
Cash & Equivalents $42.05M $45.04M $29.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $101.8M $100.4M $70.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $143.8M $145.4M $99.20M
YoY Change -18.89% 46.57% 52.85%
LONG-TERM ASSETS
Property, Plant & Equipment $3.619B $3.696B $3.990B
YoY Change -5.7% -7.38% 69.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $38.00M $38.50M $40.50M
YoY Change -4.52% -4.94% -91.87%
Other Assets $132.6M $77.80M $197.3M
YoY Change 12.47% -60.57% -54.46%
Total Long-Term Assets $3.803B $3.828B $4.261B
YoY Change -5.31% -10.17% 24.61%
TOTAL ASSETS
Total Short-Term Assets $143.8M $145.4M $99.20M
Total Long-Term Assets $3.803B $3.828B $4.261B
Total Assets $3.946B $3.973B $4.360B
YoY Change -5.88% -8.88% 25.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.3M $115.4M $118.3M
YoY Change -6.96% -2.45% 82.28%
Accrued Expenses $200.0K $700.0K
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 $122.6M $123.4M $126.0M
YoY Change -7.19% -2.06% 42.86%
LONG-TERM LIABILITIES
Long-Term Debt $2.203B $2.201B $2.536B
YoY Change -5.34% -13.2% 18.61%
Other Long-Term Liabilities $11.50M $11.50M $31.50M
YoY Change -58.78% -63.49% 67.55%
Total Long-Term Liabilities $2.215B $2.213B $2.568B
YoY Change -5.97% -13.81% 19.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.6M $123.4M $126.0M
Total Long-Term Liabilities $2.215B $2.213B $2.568B
Total Liabilities $2.337B $2.336B $2.694B
YoY Change -6.04% -13.26% 19.98%
SHAREHOLDERS EQUITY
Retained Earnings $183.9M $185.6M $112.2M
YoY Change 3.77% 65.4% -45.16%
Common Stock $2.616B $2.615B $2.613B
YoY Change 0.11% 0.09% 32.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.609B $1.637B $1.667B
YoY Change
Total Liabilities & Shareholders Equity $3.946B $3.973B $4.360B
YoY Change -5.88% -8.88% 25.14%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$1.700M -$3.797M -$3.939M
YoY Change -102.62% -3.6% 777.28%
Depreciation, Depletion And Amortization $62.00M $62.00M $73.60M
YoY Change -0.32% -15.76% 74.0%
Cash From Operating Activities $67.50M $54.90M $40.30M
YoY Change 0.45% 36.23% 50.94%
INVESTING ACTIVITIES
Capital Expenditures -$62.00M -$23.10M -$17.90M
YoY Change 133.08% 29.05% 58.41%
Acquisitions
YoY Change
Other Investing Activities $20.90M $300.0K $388.8M
YoY Change -92.1% -99.92% 8941.86%
Cash From Investing Activities -$41.10M -$22.80M $370.9M
YoY Change -117.27% -106.15% -5398.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.20M -4.600M -402.9M
YoY Change -88.55% -98.86% 1303.83%
NET CHANGE
Cash From Operating Activities 67.50M 54.90M 40.30M
Cash From Investing Activities -41.10M -22.80M 370.9M
Cash From Financing Activities -27.20M -4.600M -402.9M
Net Change In Cash -800.0K 27.50M 8.300M
YoY Change -101.18% 231.33% -192.22%
FREE CASH FLOW
Cash From Operating Activities $67.50M $54.90M $40.30M
Capital Expenditures -$62.00M -$23.10M -$17.90M
Free Cash Flow $129.5M $78.00M $58.20M
YoY Change 38.06% 34.02% 53.16%

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CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48132000 shares
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48073000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48111000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48051000 shares
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.17
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.72
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1705754000 USD
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
379000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
27000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-61000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10840000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26511000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1690374000 USD
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1121000 USD
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
30000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
176000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1299000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26510000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1666430000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
865000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
386000 USD
CY2020Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-85000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3797000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26525000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1636672000 USD
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
67000 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
us-gaap Net Income Loss
NetIncomeLoss
8342000 USD
us-gaap Net Income Loss
NetIncomeLoss
-34694000 USD
us-gaap Depreciation
Depreciation
62570000 USD
us-gaap Depreciation
Depreciation
68095000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7162000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8264000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
126409000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
157108000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
5208000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
4329000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10822000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
33538000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2954000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14105000 USD
opi Gain Losson Extinguishmentof Debt Net
GainLossonExtinguishmentofDebtNet
-2701000 USD
opi Gain Losson Extinguishmentof Debt Net
GainLossonExtinguishmentofDebtNet
-769000 USD
us-gaap Straight Line Rent
StraightLineRent
12963000 USD
us-gaap Straight Line Rent
StraightLineRent
19365000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1542000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1907000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-44007000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-815000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-573000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
4853000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-17185000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
10722000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
22759000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
860000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
32000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11593000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-30603000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
208000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-27213000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
166098000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
148138000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
11864000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
55135000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
39010000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
81528000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
572131000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
2880000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
0 USD
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
104674000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18104000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
639768000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
154734000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
11001000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
388000000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
400000000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
350000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
408932000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
561467000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
420000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
561467000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
385000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1477000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
434000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
459000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79546000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79356000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-227259000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-793816000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-43057000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5910000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100696000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38943000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57639000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33033000 USD
us-gaap Interest Paid Net
InterestPaidNet
83116000 USD
us-gaap Interest Paid Net
InterestPaidNet
114226000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1097000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
491000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45035000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29002000 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
12604000 USD
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
4031000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57639000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33033000 USD
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
CY2020Q3 opi Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
17 lease
CY2020Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
595000 sqft
CY2020Q3 opi Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P10Y7M6D
CY2020Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
6238000 USD
opi Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
60 lease
opi Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
1826000 sqft
opi Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P7Y1M6D
opi Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
35697000 USD
CY2020Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations
61307000 USD
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Our leases provide for base rent payments and in addition may include variable payments. Rental income from operating leases, including any payments derived by index or market-based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all of the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. In certain circumstances, some leases provide the tenant with the right to terminate if the legislature or other funding authority does not appropriate the funding necessary for the tenant to meet its lease obligations; we have determined the fixed non-cancelable lease term of these leases to be the full term of the lease because we believe the occurrence of early terminations to be remote contingencies based on both our historical experience and our assessments of the likelihood of lease cancellation on a separate lease basis.</span>
CY2020Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
3912000 USD
CY2019Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
6904000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
12963000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
19365000 USD
CY2020Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
66499000 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
54837000 USD
CY2020Q3 us-gaap Variable Lease Income
VariableLeaseIncome
18606000 USD
us-gaap Variable Lease Income
VariableLeaseIncome
56654000 USD
CY2020Q3 opi Tenant Reimbursement Income
TenantReimbursementIncome
17495000 USD
opi Tenant Reimbursement Income
TenantReimbursementIncome
53346000 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
CY2020Q3 opi Lessee Operating Leases Number Of Leases
LesseeOperatingLeasesNumberOfLeases
1 lease
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
670000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
689000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2149000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2179000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
409000 USD
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
411000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
1301000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
1226000 USD
CY2020Q3 opi Number Of Other Governments
NumberOfOtherGovernments
2 government_tenant
CY2019Q3 opi Number Of State Governments
NumberOfStateGovernments
13 state_government
CY2019Q3 opi Number Of Other Governments
NumberOfOtherGovernments
3 government_tenant
CY2020Q1 opi Number Of Properties Sold
NumberOfPropertiesSold
1 property
CY2020Q3 opi Number Of Collateral Properties
NumberOfCollateralProperties
1 property
CY2020Q3 opi Numberof Properties Collateralized
NumberofPropertiesCollateralized
7 building
CY2020Q3 opi Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
307837000 USD
CY2020Q3 opi Aggregate Principal Amount Of Real Estate Properties Collateralized
AggregatePrincipalAmountOfRealEstatePropertiesCollateralized
171475000 USD
CY2020Q2 opi Number Of Trustees
NumberOfTrustees
8 trustee
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26511000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2020Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26510000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2020Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26525000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.65
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79546000 USD

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