Boston Properties Inc. (BXP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
800 BOYLSTON STREET BOSTON, MA 02199 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,531 | 690 | 453 | 1,669 | 645 | 543 | |||
| Cash and cash equivalents | 1,531 | 690 | 453 | 1,669 | 645 | 543 | |||
| Restricted cash and investments | 81 | 46 | 48 | 51 | 47 | 96 | |||
| Deferred costs | 21 | 19 | 19 | 13 | |||||
| Total current assets: | 1,633 | 756 | 520 | 1,732 | 692 | 639 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 402 | 238 | 238 | 237 | ✕ | ||||
| Operating lease, right-of-use asset | 324 | 167 | 170 | 146 | ✕ | ||||
| Property, plant and equipment | 9,444 | 8,847 | 8,901 | 8,740 | 8,602 | 8,093 | |||
| Long-term investments and receivables | 1,377 | 1,716 | 1,483 | 1,310 | 956 | 956 | |||
| Long-term investments | 1,377 | 1,716 | 1,483 | 1,310 | 956 | 956 | |||
| Deferred costs | 760 | 733 | 619 | 640 | 689 | 679 | |||
| Total noncurrent assets: | 12,308 | 11,701 | 11,410 | 11,075 | 10,247 | 9,728 | |||
| Other undisclosed assets | 12,085 | 11,750 | 10,435 | 10,051 | 10,346 | 9,890 | |||
| TOTAL ASSETS: | 26,026 | 24,208 | 22,365 | 22,858 | 21,285 | 20,256 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | |||||||||
| Total current liabilities: | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 17,834 | 15,837 | 14,322 | 14,512 | 13,262 | 12,043 | |||
| Total liabilities: | 17,834 | 15,837 | 14,322 | 14,512 | 13,262 | 12,043 | |||
| Temporary equity, carrying amount | 8 | 7 | 10 | 7 | 8 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 5,877 | 6,133 | 5,834 | 5,996 | 5,685 | 5,883 | |||
| Preferred stock | 200 | 200 | 200 | ||||||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (3) | (3) | (3) | (3) | (3) | (3) | |||
| Additional paid in capital | 6,715 | 6,539 | 6,498 | 6,357 | 6,295 | 6,408 | |||
| Accumulated other comprehensive loss | (21) | (14) | (37) | (50) | (48) | (48) | |||
| Accumulated deficit | (816) | (391) | (626) | (510) | (761) | (676) | |||
| Equity, attributable to noncontrolling interest | 2,307 | 2,231 | 2,199 | 2,344 | 2,330 | 2,331 | |||
| Total equity: | 8,184 | 8,364 | 8,033 | 8,340 | 8,014 | 8,214 | |||
| TOTAL LIABILITIES AND EQUITY: | 26,026 | 24,208 | 22,365 | 22,858 | 21,285 | 20,256 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,274 | 3,109 | 2,889 | 2,766 | 2,961 | 2,717 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,662 | |
| Operating lease, lease income | 3,055 | 2,918 | 2,753 | 2,646 | ✕ | |||
| Cost of revenue | (1,234) | (1,588) | (1,179) | (1,661) | (1,211) | (1,023) | ||
| Cost of goods and services sold | (1,184) | (1,108) | (1,021) | (1,017) | (1,023) | |||
| Other undisclosed gross profit | (40) | 409 | 104 | 589 | 77 | |||
| Gross profit: | 1,999 | 1,930 | 1,814 | 1,694 | 1,826 | 1,694 | ||
| Operating expenses | (1,005) | (462) | (742) | (199) | (704) | (779) | ||
| Operating income: | 994 | 1,467 | 1,073 | 1,495 | 1,122 | 915 | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 6 | (6) | 6 | 5 | 6 | (2) | ||
| Interest and debt expense | (580) | (437) | (469) | (432) | (442) | (395) | ||
| Income from continuing operations before equity method investments, income taxes: | 420 | 1,024 | 610 | 1,068 | 686 | 519 | ||
| Income (loss) from equity method investments | (240) | (60) | (3) | (85) | 47 | 2 | ||
| Income from continuing operations: | 180 | 964 | 607 | 983 | 733 | 521 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 607 | 983 | 733 | 521 | |
| Gain on sale of properties, net of applicable income taxes | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | 182 | |
| Other undisclosed net income (loss) | 111 | 57 | 25 | 36 | (82) | 9 | ||
| Net income: | 291 | 1,021 | 632 | 1,019 | 652 | 713 | ||
| Net loss attributable to noncontrolling interest | (101) | (172) | (127) | (146) | (130) | (130) | ||
| Net income attributable to parent: | 190 | 849 | 505 | 873 | 522 | 583 | ||
| Preferred stock dividends and other adjustments | (9) | (11) | (11) | (11) | ||||
| Net income available to common stockholders, basic: | 190 | 849 | 496 | 862 | 511 | 572 | ||
| Other undisclosed net loss available to common stockholders, diluted | (1) | (1) | (0) | |||||
| Net income available to common stockholders, diluted: | 190 | 848 | 496 | 861 | 511 | 572 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 291 | 1,021 | 632 | 1,019 | 652 | 713 | ||
| Other comprehensive income (loss) | (8) | 26 | 15 | (1) | (0) | 4 | ||
| Comprehensive income: | 284 | 1,047 | 647 | 1,018 | 652 | 716 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (101) | (172) | (127) | (146) | (130) | (130) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 0 | (3) | (2) | (0) | (1) | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 183 | 872 | 518 | 871 | 521 | 586 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.