$PDM
Piedmont Office Realty Trust, Inc.

2014 Q2 Form 10-Q Financial Statement

#000104277614000093 Filed on July 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $138.6M $132.6M
YoY Change 4.54% 1.54%
Cost Of Revenue $57.10M $52.20M
YoY Change 9.39% -0.38%
Gross Profit $81.40M $80.30M
YoY Change 1.37% 3.08%
Gross Profit Margin 58.74% 60.57%
Selling, General & Admin $7.100M $6.300M
YoY Change 12.7% 28.57%
% of Gross Profit 8.72% 7.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.50M $41.50M
YoY Change 14.46% 6.68%
% of Gross Profit 58.35% 51.68%
Operating Expenses $112.0M $99.87M
YoY Change 12.17% 4.08%
Operating Profit $26.56M $32.69M
YoY Change -18.77% -6.57%
Interest Expense $18.01M $18.23M
YoY Change -1.18% 14.33%
% of Operating Profit 67.83% 55.76%
Other Income/Expense, Net -$17.23M -$14.58M
YoY Change 18.15% -5.37%
Pretax Income $9.300M $18.10M
YoY Change -48.62% -6.7%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $12.28M $35.36M
YoY Change -65.27% 15.14%
Net Earnings / Revenue 8.86% 26.67%
Basic Earnings Per Share
Diluted Earnings Per Share $79.66K $211.1K
COMMON SHARES
Basic Shares Outstanding 154.3M shares 167.6M shares
Diluted Shares Outstanding 154.4M shares 167.7M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.600M $10.50M
YoY Change -18.1% -60.97%
Cash & Equivalents $8.563M $10.50M
Short-Term Investments
Other Short-Term Assets $32.10M $17.40M
YoY Change 84.48% 135.14%
Inventory
Prepaid Expenses
Receivables $181.0M $159.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $221.7M $187.6M
YoY Change 18.18% -0.48%
LONG-TERM ASSETS
Property, Plant & Equipment $3.897B $3.755B
YoY Change 3.79% 5.15%
Goodwill $180.1M $180.1M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $7.500M $37.63M
YoY Change -80.07% 0.14%
Other Assets $284.1M $276.7M
YoY Change 2.67% -2.6%
Total Long-Term Assets $4.440B $4.336B
YoY Change 2.41% 4.73%
TOTAL ASSETS
Total Short-Term Assets $221.7M $187.6M
Total Long-Term Assets $4.440B $4.336B
Total Assets $4.662B $4.523B
YoY Change 3.06% 4.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.3M $118.1M
YoY Change 6.94% -6.42%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $126.3M $118.1M
YoY Change 6.94% -6.42%
LONG-TERM LIABILITIES
Long-Term Debt $2.107B $1.709B
YoY Change 23.29% 22.03%
Other Long-Term Liabilities $71.30M $66.10M
YoY Change 7.87% -11.63%
Total Long-Term Liabilities $2.178B $1.775B
YoY Change 22.71% 20.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $126.3M $118.1M
Total Long-Term Liabilities $2.178B $1.775B
Total Liabilities $2.305B $1.893B
YoY Change 21.72% 18.22%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.670B $3.670B
YoY Change 0.02% 0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.356B $2.628B
YoY Change
Total Liabilities & Shareholders Equity $4.662B $4.523B
YoY Change 3.06% 4.51%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $12.28M $35.36M
YoY Change -65.27% 15.14%
Depreciation, Depletion And Amortization $47.50M $41.50M
YoY Change 14.46% 6.68%
Cash From Operating Activities $38.80M $44.80M
YoY Change -13.39% 45.93%
INVESTING ACTIVITIES
Capital Expenditures -$70.50M -$50.20M
YoY Change 40.44% 127.15%
Acquisitions
YoY Change
Other Investing Activities $22.70M $40.60M
YoY Change -44.09% 170.67%
Cash From Investing Activities -$47.90M -$9.700M
YoY Change 393.81% 36.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.300M -42.20M
YoY Change -119.67% 66.14%
NET CHANGE
Cash From Operating Activities 38.80M 44.80M
Cash From Investing Activities -47.90M -9.700M
Cash From Financing Activities 8.300M -42.20M
Net Change In Cash -800.0K -7.100M
YoY Change -88.73% 294.44%
FREE CASH FLOW
Cash From Operating Activities $38.80M $44.80M
Capital Expenditures -$70.50M -$50.20M
Free Cash Flow $109.3M $95.00M
YoY Change 15.05% 79.92%

Facts In Submission

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16100000 USD
us-gaap Interest Paid
InterestPaid
31800000 USD
CY2013Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
24176000 USD
CY2014Q2 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
0 USD
CY2014Q2 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
-5971000 USD
CY2013Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
19650000 USD
CY2014Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-4500000 USD
CY2013Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
4526000 USD
CY2014Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
5971000 USD
CY2013Q4 us-gaap Land
Land
688761000 USD
CY2014Q2 us-gaap Land
Land
690559000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
2204929000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
2304641000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4666088000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4661826000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.999
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.001
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
2107085000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
2002205000 USD
CY2014Q2 us-gaap Management Fees Revenue
ManagementFeesRevenue
548000 USD
CY2013Q2 us-gaap Management Fees Revenue
ManagementFeesRevenue
513000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
1035000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
1144000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
1609000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
1609000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-50034000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
207221000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-57271000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-296464000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
86786000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
108895000 USD
us-gaap Net Income Loss
NetIncomeLoss
21672000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
12279000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
35358000 USD
us-gaap Net Income Loss
NetIncomeLoss
50009000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
98728000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-15000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-8000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
47113000 USD
CY2014Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
43389000 USD
CY2013Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
2002205000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
51833000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-32000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-33471000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-17231000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14584000 USD
CY2014Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
2107085000 USD
us-gaap Operating Expenses
OperatingExpenses
223067000 USD
us-gaap Operating Expenses
OperatingExpenses
194409000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
112024000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
99872000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
32693000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
26556000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
70307000 USD
CY2013Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
107951000 USD
CY2014Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
113287000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
224191000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
214006000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-11174000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2458000 USD
pdm Disposal Group Including Discontinued Operation Depreciation
DisposalGroupIncludingDiscontinuedOperationDepreciation
83000 USD
pdm Disposal Group Including Discontinued Operation Loss On Write Down
DisposalGroupIncludingDiscontinuedOperationLossOnWriteDown
6402000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27438000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2328000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1545000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-776000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
23405000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22976000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1159000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3617000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
22200000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-13502000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
21860000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-456000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1349000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-366000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-72000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14844000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
54685000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3343000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1016000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
24000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
247499000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
29180000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
42000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
777000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
98116000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
331833000 USD
CY2014Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2013Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
24771000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
32132000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
49326000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
46240000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
846564000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
694604000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
6017000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
12283000 USD
us-gaap Profit Loss
ProfitLoss
21680000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
35362000 USD
us-gaap Profit Loss
ProfitLoss
50017000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3968329000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3951983000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
402000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
779070000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
911000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
394000 USD
CY2014Q2 us-gaap Revenues
Revenues
138580000 USD
us-gaap Revenues
Revenues
274900000 USD
CY2013Q2 us-gaap Revenues
Revenues
132565000 USD
us-gaap Revenues
Revenues
264716000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2144000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1506000 USD
CY2014Q2 us-gaap Secured Debt
SecuredDebt
449677000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
987525000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
770000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1907000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
130828 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
175269000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
52680000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
2355576000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2459550000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2357185000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2461159000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2640495000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
49566000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
49674000 USD
CY2014Q2 us-gaap Tenant Reimbursements
TenantReimbursements
24745000 USD
CY2013Q2 us-gaap Tenant Reimbursements
TenantReimbursements
24101000 USD
CY2013Q4 us-gaap Unsecured Debt
UnsecuredDebt
1014680000 USD
CY2014Q2 us-gaap Unsecured Debt
UnsecuredDebt
1657408000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and notes. Actual results could differ from those estimates.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154727805 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167714206 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154444508 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167737193 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167570643 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154582519 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154318592 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167585712 shares
pdm Adjustment For Amortization Continuing Operations
AdjustmentForAmortizationContinuingOperations
28172000 USD
CY2014Q2 pdm Adjustment For Amortization Continuing Operations
AdjustmentForAmortizationContinuingOperations
13599000 USD
CY2013Q2 pdm Adjustment For Amortization Continuing Operations
AdjustmentForAmortizationContinuingOperations
11201000 USD
pdm Adjustment For Amortization Continuing Operations
AdjustmentForAmortizationContinuingOperations
20210000 USD
pdm Deferred Gain Losson Settlementof Interest Rate Derivative
DeferredGainLossonSettlementofInterestRateDerivative
-14960000 USD
pdm Deferred Gain Losson Settlementof Interest Rate Derivative
DeferredGainLossonSettlementofInterestRateDerivative
-672000 USD
pdm Depreciation Continuing Operations
DepreciationContinuingOperations
67788000 USD
CY2014Q2 pdm Depreciation Continuing Operations
DepreciationContinuingOperations
34144000 USD
CY2013Q2 pdm Depreciation Continuing Operations
DepreciationContinuingOperations
30169000 USD
pdm Depreciation Continuing Operations
DepreciationContinuingOperations
58994000 USD
pdm Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Non Cash Impact
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNonCashImpact
16258000 USD
pdm Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Non Cash Impact
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNonCashImpact
2338000 USD
CY2014Q2 pdm Discontinued Operation Nonoperating Income Expense
DiscontinuedOperationNonoperatingIncomeExpense
0 USD
pdm Discontinued Operation Nonoperating Income Expense
DiscontinuedOperationNonoperatingIncomeExpense
42000 USD
pdm Discontinued Operation Nonoperating Income Expense
DiscontinuedOperationNonoperatingIncomeExpense
-6000 USD
CY2013Q2 pdm Discontinued Operation Nonoperating Income Expense
DiscontinuedOperationNonoperatingIncomeExpense
30000 USD
pdm Disposal Group Including Discontinued Operation Amortization
DisposalGroupIncludingDiscontinuedOperationAmortization
223000 USD
pdm Disposal Group Including Discontinued Operation Amortization
DisposalGroupIncludingDiscontinuedOperationAmortization
274000 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Amortization
DisposalGroupIncludingDiscontinuedOperationAmortization
0 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Amortization
DisposalGroupIncludingDiscontinuedOperationAmortization
105000 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Depreciation
DisposalGroupIncludingDiscontinuedOperationDepreciation
0 USD
pdm Disposal Group Including Discontinued Operation Depreciation
DisposalGroupIncludingDiscontinuedOperationDepreciation
1455000 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Depreciation
DisposalGroupIncludingDiscontinuedOperationDepreciation
596000 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Interest And Other Income Expense
DisposalGroupIncludingDiscontinuedOperationInterestAndOtherIncomeExpense
0 USD
pdm Disposal Group Including Discontinued Operation Interest And Other Income Expense
DisposalGroupIncludingDiscontinuedOperationInterestAndOtherIncomeExpense
25000 USD
pdm Disposal Group Including Discontinued Operation Interest And Other Income Expense
DisposalGroupIncludingDiscontinuedOperationInterestAndOtherIncomeExpense
-6000 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Interest And Other Income Expense
DisposalGroupIncludingDiscontinuedOperationInterestAndOtherIncomeExpense
13000 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Loss On Write Down
DisposalGroupIncludingDiscontinuedOperationLossOnWriteDown
0 USD
pdm Disposal Group Including Discontinued Operation Loss On Write Down
DisposalGroupIncludingDiscontinuedOperationLossOnWriteDown
0 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Loss On Write Down
DisposalGroupIncludingDiscontinuedOperationLossOnWriteDown
0 USD
pdm Disposal Group Including Discontinued Operation Net Loss Gain From Casualty Event
DisposalGroupIncludingDiscontinuedOperationNetLossGainFromCasualtyEvent
-17000 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Net Loss Gain From Casualty Event
DisposalGroupIncludingDiscontinuedOperationNetLossGainFromCasualtyEvent
-17000 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Net Loss Gain From Casualty Event
DisposalGroupIncludingDiscontinuedOperationNetLossGainFromCasualtyEvent
0 USD
pdm Disposal Group Including Discontinued Operation Net Loss Gain From Casualty Event
DisposalGroupIncludingDiscontinuedOperationNetLossGainFromCasualtyEvent
0 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Property Management Fee Revenue
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFeeRevenue
1000 USD
pdm Disposal Group Including Discontinued Operation Property Management Fee Revenue
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFeeRevenue
1000 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Property Management Fee Revenue
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFeeRevenue
0 USD
pdm Disposal Group Including Discontinued Operation Property Management Fee Revenue
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFeeRevenue
0 USD
pdm Disposal Group Including Discontinued Operation Property Operating Costs
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingCosts
182000 USD
pdm Disposal Group Including Discontinued Operation Property Operating Costs
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingCosts
2407000 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Property Operating Costs
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingCosts
-323000 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Property Operating Costs
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingCosts
921000 USD
CY2014Q2 pdm Disposal Group Including Discontinued Operation Tenant Reimbursement
DisposalGroupIncludingDiscontinuedOperationTenantReimbursement
2000 USD
pdm Disposal Group Including Discontinued Operation Tenant Reimbursement
DisposalGroupIncludingDiscontinuedOperationTenantReimbursement
742000 USD
CY2013Q2 pdm Disposal Group Including Discontinued Operation Tenant Reimbursement
DisposalGroupIncludingDiscontinuedOperationTenantReimbursement
308000 USD
pdm Dividends Minority Interest Decrease From Distributions To Noncontrolling Interest Holders And Stock Issued During Period Value Dividend Reinvestment Plan
DividendsMinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndStockIssuedDuringPeriodValueDividendReinvestmentPlan
61827000 USD
CY2013 pdm Dividends Minority Interest Decrease From Distributions To Noncontrolling Interest Holders And Stock Issued During Period Value Dividend Reinvestment Plan
DividendsMinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndStockIssuedDuringPeriodValueDividendReinvestmentPlan
132301000 USD
CY2014Q2 pdm Estimated Fair Value Adjustment On Assumed Debt
EstimatedFairValueAdjustmentOnAssumedDebt
3499000 USD
CY2013Q4 pdm Estimated Fair Value Adjustment On Assumed Debt
EstimatedFairValueAdjustmentOnAssumedDebt
0 USD
pdm Income Loss From Equity Method Investments Actual Cash Impact
IncomeLossFromEquityMethodInvestmentsActualCashImpact
-599000 USD
pdm Income Loss From Equity Method Investments Actual Cash Impact
IncomeLossFromEquityMethodInvestmentsActualCashImpact
558000 USD
pdm Increase Decrease In Accrued Capital Expenditures And Deferred Lease Costs
IncreaseDecreaseInAccruedCapitalExpendituresAndDeferredLeaseCosts
9332000 USD
pdm Increase Decrease In Accrued Capital Expenditures And Deferred Lease Costs
IncreaseDecreaseInAccruedCapitalExpendituresAndDeferredLeaseCosts
13010000 USD
pdm Increase Decrease In Accrued Stock Repurchases
IncreaseDecreaseInAccruedStockRepurchases
-2005000 USD
pdm Increase Decrease In Accrued Stock Repurchases
IncreaseDecreaseInAccruedStockRepurchases
2976000 USD
CY2014Q2 pdm Intangible Lease Liabilities Accumulated Amortization
IntangibleLeaseLiabilitiesAccumulatedAmortization
40054000 USD
CY2013Q4 pdm Intangible Lease Liabilities Accumulated Amortization
IntangibleLeaseLiabilitiesAccumulatedAmortization
44256000 USD
CY2013Q4 pdm Investment Building And Building Improvements Net
InvestmentBuildingAndBuildingImprovementsNet
3164575000 USD
CY2014Q2 pdm Investment Building And Building Improvements Net
InvestmentBuildingAndBuildingImprovementsNet
3171955000 USD
CY2014Q2 pdm Investment In Subsidiary
InvestmentInSubsidiary
0 USD
CY2013Q4 pdm Investment In Subsidiary
InvestmentInSubsidiary
0 USD
pdm Letter Of Credit Renewal Period
LetterOfCreditRenewalPeriod
P1Y
pdm Line Of Credit Facility Maturity Extension Period
LineOfCreditFacilityMaturityExtensionPeriod
P6M
pdm Line Of Credit Facility Maximum Maturity Extension Period
LineOfCreditFacilityMaximumMaturityExtensionPeriod
P1Y
pdm Line Of Credit Facility Numberof Maturity Extension Periods
LineOfCreditFacilityNumberofMaturityExtensionPeriods
2 period
CY2014Q2 pdm Net Loss Gainfrom Casualty Eventand Litigation Settlement Expense
NetLossGainfromCasualtyEventandLitigationSettlementExpense
-1480000 USD
pdm Net Loss Gainfrom Casualty Eventand Litigation Settlement Expense
NetLossGainfromCasualtyEventandLitigationSettlementExpense
-4522000 USD
pdm Net Loss Gainfrom Casualty Eventand Litigation Settlement Expense
NetLossGainfromCasualtyEventandLitigationSettlementExpense
-3392000 USD
CY2013Q2 pdm Net Loss Gainfrom Casualty Eventand Litigation Settlement Expense
NetLossGainfromCasualtyEventandLitigationSettlementExpense
-3553000 USD
CY2014Q2 pdm Notes Receivable Intercompany Transactions
NotesReceivableIntercompanyTransactions
0 USD
CY2013Q4 pdm Notes Receivable Intercompany Transactions
NotesReceivableIntercompanyTransactions
0 USD
pdm Number Of Wholly Owned Management Subsidiaries
NumberOfWhollyOwnedManagementSubsidiaries
2 subsidiary
CY2014Q2 pdm Numberof Concentration Markets
NumberofConcentrationMarkets
9 Market
CY2014Q2 pdm Operating Leases Income Statement Percentageof Annualized Lease Revenue
OperatingLeasesIncomeStatementPercentageofAnnualizedLeaseRevenue
0.90
pdm Payments For Proceeds From Intercompany Distributions
PaymentsForProceedsFromIntercompanyDistributions
0 USD
pdm Payments For Proceeds From Intercompany Distributions
PaymentsForProceedsFromIntercompanyDistributions
0 USD
pdm Payments For Proceeds From Intercompany Notes Receivable Investing Activities
PaymentsForProceedsFromIntercompanyNotesReceivableInvestingActivities
0 USD
pdm Payments For Tenant Improvementsand Capital Improvements
PaymentsForTenantImprovementsandCapitalImprovements
68936000 USD
pdm Payments For Tenant Improvementsand Capital Improvements
PaymentsForTenantImprovementsandCapitalImprovements
84334000 USD
pdm Payments Of Dividends Common Stock Distributions To Noncontrolling Interest And Discount On Dividend Reinvestment
PaymentsOfDividendsCommonStockDistributionsToNoncontrollingInterestAndDiscountOnDividendReinvestment
61827000 USD
pdm Payments Of Dividends Common Stock Distributions To Noncontrolling Interest And Discount On Dividend Reinvestment
PaymentsOfDividendsCommonStockDistributionsToNoncontrollingInterestAndDiscountOnDividendReinvestment
67172000 USD
pdm Paymentsfor Proceedsfrom Intercompany Notes Payable
PaymentsforProceedsfromIntercompanyNotesPayable
0 USD
CY2014Q2 pdm Prepaid Expense And Restricted Cash And Cash Equivalents And Other Assets
PrepaidExpenseAndRestrictedCashAndCashEquivalentsAndOtherAssets
33043000 USD
CY2013Q4 pdm Prepaid Expense And Restricted Cash And Cash Equivalents And Other Assets
PrepaidExpenseAndRestrictedCashAndCashEquivalentsAndOtherAssets
25165000 USD
pdm Retirementof Shares Returnedfrom Escrow
RetirementofSharesReturnedfromEscrow
1479000 USD
pdm Retirementof Shares Returnedfrom Escrow Operating Activity
RetirementofSharesReturnedfromEscrowOperatingActivity
1479000 USD
pdm Retirementof Shares Returnedfrom Escrow Operating Activity
RetirementofSharesReturnedfromEscrowOperatingActivity
0 USD
CY2014Q2 pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
1100000 USD
pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
1100000 USD
pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
1700000 USD
CY2013Q2 pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
500000 USD
CY2013Q4 pdm Shares In Trust Authorized
SharesInTrustAuthorized
150000000 shares
CY2014Q2 pdm Shares In Trust Authorized
SharesInTrustAuthorized
150000000 shares
CY2013Q4 pdm Shares In Trust Outstanding
SharesInTrustOutstanding
0 shares
CY2014Q2 pdm Shares In Trust Outstanding
SharesInTrustOutstanding
0 shares
CY2014Q2 pdm Tenant Receivables Including Straight Line Rental Revenue Receivables
TenantReceivablesIncludingStraightLineRentalRevenueReceivables
181034000 USD
CY2013Q4 pdm Tenant Receivables Including Straight Line Rental Revenue Receivables
TenantReceivablesIncludingStraightLineRentalRevenueReceivables
170551000 USD
CY2014Q2 pdm Unconsolidated Equity Method Investmentsand Duefrom Joint Ventures
UnconsolidatedEquityMethodInvestmentsandDuefromJointVentures
7549000 USD
CY2013Q4 pdm Unconsolidated Equity Method Investmentsand Duefrom Joint Ventures
UnconsolidatedEquityMethodInvestmentsandDuefromJointVentures
14388000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001042776
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
154325169 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Piedmont Office Realty Trust, Inc.
CY2014Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
500000000 USD

Files In Submission

Name View Source Status
0001042776-14-000093-index-headers.html Edgar Link pending
0001042776-14-000093-index.html Edgar Link pending
0001042776-14-000093.txt Edgar Link pending
0001042776-14-000093-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
pdm-20140630.xml Edgar Link completed
pdm-20140630.xsd Edgar Link pending
pdm-20140630_cal.xml Edgar Link unprocessable
pdm-20140630_def.xml Edgar Link unprocessable
pdm-20140630_lab.xml Edgar Link unprocessable
pdm-20140630_pre.xml Edgar Link unprocessable
pdm6301410-q.htm Edgar Link pending
pdmex311peocert63014.htm Edgar Link pending
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report.css Edgar Link pending
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