2021 Q4 Form 10-K Financial Statement

#000104277622000061 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $138.2M $528.7M $131.5M
YoY Change 5.04% -1.18% -1.96%
Cost Of Revenue $56.08M $210.9M $55.30M
YoY Change 1.42% -1.85% 5.13%
Gross Profit $82.08M $317.8M $76.20M
YoY Change 7.72% -0.73% -6.62%
Gross Profit Margin 59.41% 60.1% 57.93%
Selling, General & Admin $7.835M $30.25M $7.400M
YoY Change 5.88% 10.01% -9.76%
% of Gross Profit 9.55% 9.52% 9.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.87M $149.2M $47.70M
YoY Change 8.73% 4.54% 4.84%
% of Gross Profit 63.19% 46.96% 62.6%
Operating Expenses $61.80M $236.9M $57.00M
YoY Change 8.42% 2.36% 3.26%
Operating Profit $20.28M $80.92M $19.20M
YoY Change 5.63% -8.77% -27.27%
Interest Expense -$13.92M $51.29M -$13.00M
YoY Change 7.05% -6.72% -12.16%
% of Operating Profit -68.62% 63.39% -67.71%
Other Income/Expense, Net $2.882M -$41.09M $1.800M
YoY Change 60.11% -128.55% 500.0%
Pretax Income -$31.76M -$1.167M $22.60M
YoY Change -240.51% -100.5% -86.09%
Income Tax -$379.0K
% Of Pretax Income
Net Earnings -$31.75M -$1.153M $22.61M
YoY Change -240.43% -100.5% -86.08%
Net Earnings / Revenue -22.98% -0.22% 17.19%
Basic Earnings Per Share -$0.01 $0.18
Diluted Earnings Per Share -$256.6K -$0.01 $0.18
COMMON SHARES
Basic Shares Outstanding 124.1M shares 124.0M shares 126.0M shares
Diluted Shares Outstanding 124.0M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.419M $7.419M $7.300M
YoY Change 1.63% 1.63% -45.93%
Cash & Equivalents $7.419M $7.419M $7.331M
Short-Term Investments
Other Short-Term Assets $20.49M $20.49M $23.30M
YoY Change -12.08% -12.08% -8.27%
Inventory $63.89M $63.89M $0.00
Prepaid Expenses
Receivables $165.6M $165.6M $159.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.4M $257.4M $190.2M
YoY Change 35.34% 35.34% -4.04%
LONG-TERM ASSETS
Property, Plant & Equipment $3.087B $3.087B $2.965B
YoY Change 4.1% 4.1% 3.63%
Goodwill $98.92M $98.92M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $274.4M $274.4M $276.1M
YoY Change -0.61% -0.61% -0.32%
Total Long-Term Assets $3.673B $3.673B $3.550B
YoY Change 3.48% 3.48% 6.96%
TOTAL ASSETS
Total Short-Term Assets $257.4M $257.4M $190.2M
Total Long-Term Assets $3.673B $3.673B $3.550B
Total Assets $3.931B $3.931B $3.740B
YoY Change 5.1% 5.1% 6.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.5M $114.5M $112.0M
YoY Change 2.19% 2.19% -4.68%
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 $140.5M $140.5M $137.7M
YoY Change 2.03% 2.03% -4.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.878B $1.878B $1.622B
YoY Change 15.77% 15.77% 9.49%
Other Long-Term Liabilities $125.0M $125.0M $82.20M
YoY Change 52.01% 52.01% 13.38%
Total Long-Term Liabilities $2.003B $2.003B $1.704B
YoY Change 17.52% 17.52% 9.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $140.5M $140.5M $137.7M
Total Long-Term Liabilities $2.003B $2.003B $1.704B
Total Liabilities $2.143B $2.145B $1.842B
YoY Change 16.36% 16.35% 8.49%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.703B $3.695B
YoY Change 0.21% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.786B $1.786B $1.896B
YoY Change
Total Liabilities & Shareholders Equity $3.931B $3.931B $3.740B
YoY Change 5.1% 5.1% 6.34%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$31.75M -$1.153M $22.61M
YoY Change -240.43% -100.5% -86.08%
Depreciation, Depletion And Amortization $51.87M $149.2M $47.70M
YoY Change 8.73% 4.54% 4.84%
Cash From Operating Activities $77.17M $242.2M $54.50M
YoY Change 41.59% 25.31% 12.84%
INVESTING ACTIVITIES
Capital Expenditures -$265.2M -$348.6M -$52.80M
YoY Change 402.2% -34.17% 14.04%
Acquisitions
YoY Change
Other Investing Activities -$9.971M -$20.30M $8.000M
YoY Change -224.64% -106.12% -98.0%
Cash From Investing Activities -$275.1M -$368.9M -$44.90M
YoY Change 512.76% 86.45% -112.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $19.54M
YoY Change -34.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 192.5M $126.4M -26.10M
YoY Change -837.7% -8098.42% -93.45%
NET CHANGE
Cash From Operating Activities 77.17M $242.2M 54.50M
Cash From Investing Activities -275.1M -$368.9M -44.90M
Cash From Financing Activities 192.5M $126.4M -26.10M
Net Change In Cash -5.422M -$354.0K -16.50M
YoY Change -67.14% -94.26% -585.29%
FREE CASH FLOW
Cash From Operating Activities $77.17M $242.2M $54.50M
Capital Expenditures -$265.2M -$348.6M -$52.80M
Free Cash Flow $342.3M $590.8M $107.3M
YoY Change 219.04% -18.27% 13.42%

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1.82
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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123977616 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125730460 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125709207 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123977616 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126104321 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126182137 shares
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1153000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
232688000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
229261000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2994000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-26794000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-5659000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2952000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1727000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1836000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5946000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-25067000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7495000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4793000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
207621000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
221766000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1712140000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
12482000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
710000 USD
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
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0.84
CY2019 us-gaap Dividends Common Stock
DividendsCommonStock
105888000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4153000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5000 USD
CY2019 us-gaap Net Income Loss
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229261000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7495000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1818974000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
30671000 USD
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.84
CY2020 us-gaap Dividends Common Stock
DividendsCommonStock
105565000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7605000 USD
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3000 USD
CY2020 us-gaap Net Income Loss
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232688000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-25067000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1897961000 USD
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
18852000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
55000 USD
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.84
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
104270000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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7860000 USD
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14000 USD
CY2021 us-gaap Net Income Loss
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-1153000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5946000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1787423000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-1167000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
232685000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
229256000 USD
CY2021 us-gaap Depreciation
Depreciation
120615000 USD
CY2020 us-gaap Depreciation
Depreciation
110575000 USD
CY2019 us-gaap Depreciation
Depreciation
106015000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3270000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2080000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
87000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
78657000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
84534000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
71609000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
41000000 USD
CY2021 pdm Credit Loss Expense Reversal
CreditLossExpenseReversal
-553000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
8953000 USD
CY2021 pdm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
0 USD
CY2020 pdm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
-349000 USD
CY2019 pdm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
0 USD
CY2020 pdm Credit Loss Expense Reversal
CreditLossExpenseReversal
4553000 USD
CY2019 pdm Credit Loss Expense Reversal
CreditLossExpenseReversal
0 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
10984000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
9718000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
15446000 USD
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
205666000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
197010000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9691000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
30887000 USD
CY2019 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
0 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15706000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1294000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-823000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-309000 USD
CY2021 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
623000 USD
CY2020 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-19930000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1861000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6264000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11251000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4690000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1814000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
776000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
242203000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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193284000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
208484000 USD
CY2021 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
226011000 USD
CY2020 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
417056000 USD
CY2019 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
326200000 USD
CY2021 pdm Paymentsfor Tenant Improvements Capital Improvementsandto Develop Real Estate Assets
PaymentsforTenantImprovementsCapitalImprovementsandtoDevelopRealEstateAssets
122626000 USD
CY2020 pdm Paymentsfor Tenant Improvements Capital Improvementsandto Develop Real Estate Assets
PaymentsforTenantImprovementsCapitalImprovementsandtoDevelopRealEstateAssets
112580000 USD
CY2019 pdm Paymentsfor Tenant Improvements Capital Improvementsandto Develop Real Estate Assets
PaymentsforTenantImprovementsCapitalImprovementsandtoDevelopRealEstateAssets
103553000 USD
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2020 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
360094000 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
589767000 USD
CY2021 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
20295000 USD
CY2020 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
28334000 USD
CY2019 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
25639000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-368932000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-197876000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
134375000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1038000 USD
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
789580000 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1174383000 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
592000000 USD
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
535610000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1363000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
151000 USD
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1035077000 USD
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
798019000 USD
CY2021 pdm Payments For Loan Modification
PaymentsForLoanModification
0 USD
CY2020 pdm Payments For Loan Modification
PaymentsForLoanModification
525000 USD
CY2019 pdm Payments For Loan Modification
PaymentsForLoanModification
0 USD
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
55000 USD
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
710000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3060000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2703000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3295000 USD
CY2021 us-gaap Payments Of Dividends Common Stock
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103905000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
106309000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
106433000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
126375000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19537000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29986000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16899000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1580000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-333507000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-354000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6172000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9352000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9214000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15386000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6034000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8860000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9214000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15386000 USD
CY2021Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
17100000 sqft
CY2021Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
4 property
CY2021 pdm Number Of Joint Ventures
NumberOfJointVentures
3 jointVenture
CY2021 pdm Number Of Joint Ventures
NumberOfJointVentures
3 jointVenture
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of 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. The most significant of these estimates includes the underlying cash flows and holding periods used in assessing impairment, judgements regarding the recoverability of goodwill, and the assessment of the collectibility of receivables. While Piedmont has made, what it believes to be, appropriate accounting estimates based on the facts and circumstances available as of the reporting date, actual results could materially differ from those estimates.</span></div>
CY2021Q4 pdm Lease Origination Costs Gross
LeaseOriginationCostsGross
266575000 USD
CY2020Q4 pdm Lease Origination Costs Gross
LeaseOriginationCostsGross
250367000 USD
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
75221000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
62784000 USD
CY2021 pdm Amortization Of Intangible Lease Origination Costs And Absorption Period Costs
AmortizationOfIntangibleLeaseOriginationCostsAndAbsorptionPeriodCosts
69388000 USD
CY2020 pdm Amortization Of Intangible Lease Origination Costs And Absorption Period Costs
AmortizationOfIntangibleLeaseOriginationCostsAndAbsorptionPeriodCosts
77000000 USD
CY2019 pdm Amortization Of Intangible Lease Origination Costs And Absorption Period Costs
AmortizationOfIntangibleLeaseOriginationCostsAndAbsorptionPeriodCosts
62413000 USD
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
11180000 USD
CY2020 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
12191000 USD
CY2019 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
8322000 USD
CY2021Q4 pdm Lease Origination Costs Expected Amortization Year One
LeaseOriginationCostsExpectedAmortizationYearOne
37612000 USD
CY2021Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
11806000 USD
CY2021Q4 pdm Lease Origination Costs Expected Amortization Year Two
LeaseOriginationCostsExpectedAmortizationYearTwo
27044000 USD
CY2021Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
8291000 USD
CY2021Q4 pdm Lease Origination Costs Expected Amortization Year Three
LeaseOriginationCostsExpectedAmortizationYearThree
19828000 USD
CY2021Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
6139000 USD
CY2021Q4 pdm Lease Origination Costs Expected Amortization Year Four
LeaseOriginationCostsExpectedAmortizationYearFour
14753000 USD
CY2021Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
4645000 USD
CY2021Q4 pdm Lease Origination Costs Expected Amortization Year Five
LeaseOriginationCostsExpectedAmortizationYearFive
11531000 USD
CY2021Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
3159000 USD
CY2021Q4 pdm Lease Origination Costs Expected Amortization After Year Five
LeaseOriginationCostsExpectedAmortizationAfterYearFive
23050000 USD
CY2021Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
5301000 USD
CY2021Q4 pdm Lease Origination Costs Net
LeaseOriginationCostsNet
133818000 USD
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
39341000 USD
CY2021 pdm Lease Origination Costs Useful Life
LeaseOriginationCostsUsefulLife
P5Y
CY2021 pdm Finite Lived Intangible Liabilities Weighted Average Useful Life
FiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P5Y
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4553000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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35000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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588000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2020 us-gaap Provision For Doubtful Accounts
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8734000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4181000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4553000 USD
CY2021 us-gaap Number Of Reporting Units
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7 reportingUnit
CY2021 us-gaap Number Of Reporting Units
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7 reportingUnit
CY2021 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2021 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
-56400000 USD
CY2020 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
-60200000 USD
CY2019 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
-50300000 USD
CY2021 pdm Increase Decrease In Deferred Leasing Fees Lease Incentives
IncreaseDecreaseInDeferredLeasingFeesLeaseIncentives
-3900000 USD
CY2020 pdm Increase Decrease In Deferred Leasing Fees Lease Incentives
IncreaseDecreaseInDeferredLeasingFeesLeaseIncentives
-3400000 USD
CY2019 pdm Increase Decrease In Deferred Leasing Fees Lease Incentives
IncreaseDecreaseInDeferredLeasingFeesLeaseIncentives
-3200000 USD
CY2021 pdm Amortizationfor Estimated Fair Value Adjustmentfor Debt Assumed
AmortizationforEstimatedFairValueAdjustmentforDebtAssumed
300000 USD
CY2020 pdm Amortizationfor Estimated Fair Value Adjustmentfor Debt Assumed
AmortizationforEstimatedFairValueAdjustmentforDebtAssumed
500000 USD
CY2019 pdm Amortizationfor Estimated Fair Value Adjustmentfor Debt Assumed
AmortizationforEstimatedFairValueAdjustmentforDebtAssumed
500000 USD
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
500000 USD
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
300000 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
200000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2700000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3000000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2400000 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 pdm Common Stock Voting Rights Numberof Votesfor Each Share
CommonStockVotingRightsNumberofVotesforEachShare
1 vote
CY2021Q4 pdm Shares In Trust Authorized
SharesInTrustAuthorized
150000000 shares
CY2020Q4 pdm Shares In Trust Authorized
SharesInTrustAuthorized
150000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
150500000 USD
CY2021Q4 pdm At The Market Offerings Maximum Amount
AtTheMarketOfferingsMaximumAmount
250000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-379000 USD
CY2020 us-gaap Income Tax Expense Benefit
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4000 USD
CY2019 us-gaap Income Tax Expense Benefit
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160000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
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Reclassifications<span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts presented in the accompanying consolidated balance sheets related to the 225 and 235 Presidential Way buildings, which were classified as held for sale as of June 30, 2021 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and sold in January 2022 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(see </span><span style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i16f72e4b02404b4093101def7d0b56c1_172" style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 13</a></span>) have been reclassified as of December 31, 2020 to conform to the current period financial statement presentation.
CY2021Q4 pdm Real Estate Property Percentof Property Under Lease
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0.77
CY2021Q4 us-gaap Notes And Loans Payable
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290000000 USD
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400000000 USD
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250000000 USD
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CY2019 us-gaap Interest Paid
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11499000 USD
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3818287000 USD
CY2020Q4 pdm Real Estate Accumulated Depreciation And Amortization
RealEstateAccumulatedDepreciationAndAmortization
835392000 USD
CY2019Q4 pdm Real Estate Accumulated Depreciation And Amortization
RealEstateAccumulatedDepreciationAndAmortization
875777000 USD
CY2018Q4 pdm Real Estate Accumulated Depreciation And Amortization
RealEstateAccumulatedDepreciationAndAmortization
907937000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
149239000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
142762000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
132600000 USD
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
155757000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
113309000 USD
CY2021 pdm Real Estate Accumulated Depreciation Write Off Of Intangible Assets
RealEstateAccumulatedDepreciationWriteOffOfIntangibleAssets
13646000 USD
CY2020 pdm Real Estate Accumulated Depreciation Write Off Of Intangible Assets
RealEstateAccumulatedDepreciationWriteOffOfIntangibleAssets
15891000 USD
CY2019 pdm Real Estate Accumulated Depreciation Write Off Of Intangible Assets
RealEstateAccumulatedDepreciationWriteOffOfIntangibleAssets
36428000 USD
CY2021 pdm Real Estate Accumulated Depreciation Write Off Of Fully Depreciated And Amortized Assets
RealEstateAccumulatedDepreciationWriteOffOfFullyDepreciatedAndAmortizedAssets
9303000 USD
CY2020 pdm Real Estate Accumulated Depreciation Write Off Of Fully Depreciated And Amortized Assets
RealEstateAccumulatedDepreciationWriteOffOfFullyDepreciatedAndAmortizedAssets
11499000 USD
CY2019 pdm Real Estate Accumulated Depreciation Write Off Of Fully Depreciated And Amortized Assets
RealEstateAccumulatedDepreciationWriteOffOfFullyDepreciatedAndAmortizedAssets
15023000 USD
CY2021Q4 pdm Real Estate Accumulated Depreciation And Amortization
RealEstateAccumulatedDepreciationAndAmortization
961682000 USD
CY2020Q4 pdm Real Estate Accumulated Depreciation And Amortization
RealEstateAccumulatedDepreciationAndAmortization
835392000 USD
CY2019Q4 pdm Real Estate Accumulated Depreciation And Amortization
RealEstateAccumulatedDepreciationAndAmortization
875777000 USD

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