Agree Realty Corp
NYSE:ADC
Balance Sheet
Balance Sheet Decomposition
Agree Realty Corp
Agree Realty Corp
Balance Sheet
Agree Realty Corp
| Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents |
1
|
1
|
1
|
6
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
15
|
5
|
3
|
33
|
51
|
54
|
16
|
6
|
43
|
28
|
11
|
6
|
16
|
|
| Cash Equivalents |
1
|
1
|
1
|
6
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
15
|
5
|
3
|
33
|
51
|
54
|
16
|
6
|
43
|
28
|
11
|
6
|
16
|
|
| Total Receivables |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
2
|
3
|
5
|
7
|
12
|
16
|
22
|
27
|
38
|
53
|
66
|
83
|
106
|
122
|
|
| Accounts Receivables |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
2
|
3
|
5
|
7
|
12
|
16
|
22
|
27
|
38
|
53
|
66
|
83
|
106
|
122
|
|
| Other Receivables |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Inventory |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
2
|
0
|
4
|
1
|
6
|
0
|
4
|
0
|
0
|
|
| Total Current Assets |
2
|
2
|
1
|
6
|
1
|
1
|
2
|
3
|
2
|
3
|
4
|
23
|
10
|
10
|
45
|
69
|
76
|
46
|
45
|
102
|
94
|
98
|
113
|
139
|
|
| PP&E Net |
174
|
183
|
211
|
215
|
220
|
236
|
253
|
256
|
266
|
272
|
335
|
406
|
530
|
699
|
950
|
1 214
|
1 661
|
2 235
|
3 349
|
4 428
|
5 802
|
6 804
|
7 466
|
8 619
|
|
| PP&E Gross |
174
|
183
|
211
|
215
|
220
|
236
|
253
|
256
|
266
|
272
|
335
|
406
|
530
|
699
|
950
|
1 214
|
1 661
|
2 235
|
3 349
|
4 428
|
5 802
|
6 804
|
7 466
|
8 619
|
|
| Accumulated Depreciation |
38
|
39
|
42
|
44
|
48
|
53
|
59
|
64
|
66
|
69
|
59
|
61
|
59
|
56
|
70
|
85
|
100
|
128
|
173
|
234
|
321
|
434
|
564
|
716
|
|
| Intangible Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
16
|
21
|
28
|
48
|
77
|
140
|
195
|
280
|
344
|
474
|
672
|
799
|
854
|
865
|
1 001
|
|
| Long-Term Investments |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Long-Term Assets |
1
|
6
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
4
|
3
|
4
|
1
|
3
|
11
|
4
|
27
|
2
|
2
|
1
|
4
|
0
|
4
|
|
| Other Assets |
1
|
1
|
2
|
1
|
1
|
1
|
1
|
1
|
7
|
1
|
6
|
3
|
2
|
3
|
4
|
6
|
7
|
14
|
17
|
22
|
17
|
16
|
43
|
34
|
|
| Total Assets |
178
N/A
|
192
+8%
|
215
+12%
|
224
+4%
|
224
N/A
|
239
+7%
|
257
+7%
|
262
+2%
|
285
+9%
|
294
+3%
|
370
+26%
|
463
+25%
|
594
+28%
|
790
+33%
|
1 142
+45%
|
1 495
+31%
|
2 028
+36%
|
2 665
+31%
|
3 886
+46%
|
5 227
+34%
|
6 713
+28%
|
7 775
+16%
|
8 486
+9%
|
9 798
+15%
|
|
| Liabilities | |||||||||||||||||||||||||
| Accounts Payable |
2
|
2
|
2
|
1
|
2
|
3
|
2
|
2
|
2
|
4
|
2
|
3
|
3
|
3
|
6
|
11
|
10
|
33
|
54
|
39
|
60
|
57
|
62
|
80
|
|
| Accrued Liabilities |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
0
|
1
|
1
|
1
|
2
|
3
|
5
|
16
|
17
|
25
|
17
|
17
|
18
|
20
|
|
| Short-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Current Portion of Long-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
0
|
|
| Other Current Liabilities |
2
|
4
|
4
|
4
|
4
|
4
|
4
|
5
|
5
|
4
|
5
|
6
|
8
|
10
|
13
|
16
|
21
|
25
|
35
|
17
|
22
|
47
|
61
|
68
|
|
| Total Current Liabilities |
5
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
7
|
9
|
7
|
10
|
12
|
14
|
21
|
31
|
36
|
74
|
106
|
81
|
100
|
127
|
141
|
168
|
|
| Long-Term Debt |
115
|
84
|
92
|
68
|
69
|
83
|
101
|
105
|
100
|
119
|
161
|
158
|
222
|
317
|
401
|
520
|
720
|
872
|
1 218
|
1 694
|
1 946
|
2 411
|
2 789
|
3 298
|
|
| Deferred Income Tax |
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Minority Interest |
6
|
6
|
6
|
6
|
6
|
6
|
5
|
3
|
3
|
3
|
3
|
3
|
2
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
0
|
|
| Other Liabilities |
0
|
0
|
14
|
13
|
12
|
11
|
11
|
10
|
10
|
3
|
3
|
2
|
3
|
5
|
34
|
32
|
33
|
27
|
36
|
33
|
37
|
37
|
46
|
60
|
|
| Total Liabilities |
126
N/A
|
96
-24%
|
117
+23%
|
93
-21%
|
93
+0%
|
108
+16%
|
124
+15%
|
125
+1%
|
121
-3%
|
134
+11%
|
175
+30%
|
173
-1%
|
240
+39%
|
339
+41%
|
459
+35%
|
586
+28%
|
792
+35%
|
975
+23%
|
1 362
+40%
|
1 809
+33%
|
2 084
+15%
|
2 576
+24%
|
2 976
+16%
|
3 527
+18%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
175
|
175
|
175
|
175
|
175
|
|
| Retained Earnings |
11
|
11
|
11
|
10
|
11
|
11
|
11
|
11
|
15
|
21
|
21
|
24
|
33
|
28
|
29
|
29
|
43
|
57
|
91
|
147
|
228
|
346
|
471
|
619
|
|
| Additional Paid In Capital |
65
|
108
|
110
|
143
|
141
|
142
|
144
|
148
|
180
|
181
|
218
|
313
|
388
|
483
|
712
|
936
|
1 278
|
1 753
|
2 652
|
3 396
|
4 659
|
5 354
|
5 766
|
6 679
|
|
| Other Equity |
1
|
1
|
1
|
3
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
3
|
1
|
1
|
1
|
7
|
36
|
6
|
24
|
17
|
40
|
36
|
|
| Total Equity |
53
N/A
|
96
+83%
|
98
+1%
|
131
+34%
|
130
0%
|
132
+1%
|
133
+1%
|
137
+3%
|
164
+20%
|
160
-3%
|
195
+22%
|
290
+48%
|
354
+22%
|
451
+28%
|
683
+51%
|
909
+33%
|
1 236
+36%
|
1 689
+37%
|
2 525
+49%
|
3 418
+35%
|
4 629
+35%
|
5 199
+12%
|
5 510
+6%
|
6 271
+14%
|
|
| Total Liabilities & Equity |
178
N/A
|
192
+8%
|
215
+12%
|
224
+4%
|
224
N/A
|
239
+7%
|
257
+7%
|
262
+2%
|
285
+9%
|
294
+3%
|
370
+26%
|
463
+25%
|
594
+28%
|
790
+33%
|
1 142
+45%
|
1 495
+31%
|
2 028
+36%
|
2 665
+31%
|
3 886
+46%
|
5 227
+34%
|
6 713
+28%
|
7 775
+16%
|
8 486
+9%
|
9 798
+15%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
4
|
6
|
7
|
8
|
8
|
8
|
8
|
8
|
10
|
10
|
11
|
15
|
18
|
21
|
26
|
31
|
38
|
46
|
60
|
71
|
90
|
101
|
107
|
120
|
|
| Preferred Shares Outstanding |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|