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 investments1,5316904531,669645543
Cash and cash equivalents1,5316904531,669645543
Restricted cash and investments814648514796
Deferred costs 21191913  
Total current assets:1,6337565201,732692639
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization402238238237 
Operating lease, right-of-use asset324167170146 
Property, plant and equipment9,4448,8478,9018,7408,6028,093
Long-term investments and receivables1,3771,7161,4831,310956956
Long-term investments1,3771,7161,4831,310956956
Deferred costs760733619640689679
Total noncurrent assets:12,30811,70111,41011,07510,2479,728
Other undisclosed assets12,08511,75010,43510,05110,3469,890
TOTAL ASSETS:26,02624,20822,36522,85821,28520,256
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      
Total current liabilities:      
Noncurrent Liabilities
Other undisclosed liabilities17,83415,83714,32214,51213,26212,043
Total liabilities:17,83415,83714,32214,51213,26212,043
Temporary equity, carrying amount871078 
Equity
Equity, attributable to parent5,8776,1335,8345,9965,6855,883
Preferred stock    200200200
Common stock222222
Treasury stock, value(3)(3)(3)(3)(3)(3)
Additional paid in capital6,7156,5396,4986,3576,2956,408
Accumulated other comprehensive loss(21)(14)(37)(50)(48)(48)
Accumulated deficit(816)(391)(626)(510)(761)(676)
Equity, attributable to noncontrolling interest2,3072,2312,1992,3442,3302,331
Total equity:8,1848,3648,0338,3408,0148,214
TOTAL LIABILITIES AND EQUITY:26,02624,20822,36522,85821,28520,256

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
Revenues3,2743,1092,8892,7662,9612,717
Revenue, net2,662
Operating lease, lease income3,0552,9182,7532,646 
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)40910458977 
Gross profit:1,9991,9301,8141,6941,8261,694
Operating expenses(1,005)(462)(742)(199)(704)(779)
Operating income:9941,4671,0731,4951,122915
Nonoperating income (expense)
(Investment Income, Nonoperating)
6(6)656(2)
Interest and debt expense(580)(437)(469)(432)(442)(395)
Income from continuing operations before equity method investments, income taxes:4201,0246101,068686519
Income (loss) from equity method investments(240)(60)(3)(85)472
Income from continuing operations:180964607983733521
Income before gain (loss) on sale of properties:607983733521
Gain on sale of properties, net of applicable income taxes1182
Other undisclosed net income (loss)111572536(82)9
Net income:2911,0216321,019652713
Net loss attributable to noncontrolling interest(101)(172)(127)(146)(130)(130)
Net income attributable to parent:190849505873522583
Preferred stock dividends and other adjustments   (9)(11)(11)(11)
Net income available to common stockholders, basic:190849496862511572
Other undisclosed net loss available to common stockholders, diluted  (1) (1) (0)
Net income available to common stockholders, diluted:190848496861511572

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:2911,0216321,019652713
Other comprehensive income (loss)(8)2615(1)(0)4
Comprehensive income:2841,0476471,018652716
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 parent0(3)(2)(0)(1)(1)
Comprehensive income, net of tax, attributable to parent:183872518871521586

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.

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