Cousins Properties Incorporated (CUZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 3344 PEACHTREE ROAD, NE
ATLANTA, GA 30326
State of Incorp. GA
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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1458,9374,29015,6032,547148,929
Cash and cash equivalents5,1458,9374,29015,6032,547148,929
Total current assets:5,1458,9374,29015,6032,547148,929
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3,7003,7003,70011,900
Operating lease, right-of-use asset 45,80046,10055,80057,300
Long-term investments and receivables112,83977,811125,481133,884161,907101,414
Long-term investments112,83977,811125,481133,884161,907101,414
Intangible assets, net (including goodwill), including:136,240168,553189,164257,649145,883186,206
Goodwill1,6741,6741,6741,6741,6741,674
Intangible assets, net (excluding goodwill)      (104,931)
Other undisclosed intangible assets, net (including goodwill)134,566166,879187,490255,975144,209289,463
Deferred costs   5,7715,6324,9613,126
Total noncurrent assets:298,579296,164379,916466,365312,751290,746
Other undisclosed assets7,233,2927,006,9336,723,1926,669,4793,830,9983,764,944
TOTAL ASSETS:7,537,0167,312,0347,107,3987,151,4474,146,2964,204,619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Disposal group, including discontinued operation   12,60621,231  
Deferred revenue and credits37,383
Total current liabilities:   12,60621,231 37,383
Noncurrent Liabilities
Liabilities, other than long-term debt14,63512,87513,098   
Lease deposit liability14,63512,87513,098 
Total noncurrent liabilities:14,63512,87513,098   
Other undisclosed liabilities2,875,4322,698,7592,586,1562,702,3811,325,1401,342,125
Total liabilities:2,890,0672,711,6342,611,8602,723,6121,325,1401,379,508
Equity
Equity, attributable to parent, including:4,625,6644,566,7704,467,1344,359,2742,765,8652,771,973
Preferred stock    1,7176,8676,867
Common stock154,019151,273151,149149,347430,725430,350
Treasury stock, value(147,157)(148,473)(148,473)(148,473)(148,473)(148,373)
Additional paid in capital5,630,3275,549,3085,542,7625,493,8833,606,1913,604,776
Accumulated other comprehensive income1,767     
Other undisclosed equity, attributable to parent(1,013,292)(985,338)(1,078,304)(1,137,200)(1,129,445)(1,121,647)
Equity, attributable to noncontrolling interest21,28533,63028,40468,56155,29153,138
Total equity:4,646,9494,600,4004,495,5384,427,8352,821,1562,825,111
TOTAL LIABILITIES AND EQUITY:7,537,0167,312,0347,107,3987,151,4474,146,2964,204,619

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues762,290755,073740,340657,515475,212466,185
Revenue, net446,035
Cost of revenue(599,271)(575,855)(551,740)(541,752)(359,288)(353,735)
Cost of goods and services sold(258,371)(259,461)(250,850)(222,146)(164,678)(163,882)
Gross profit:163,019179,218188,600115,763115,924112,450
Operating expenses(59,701)(72,653)(94,325)(86,507)(52,828)(74,923)
Other undisclosed operating income  387,155391,759   
Operating income:103,318493,720486,03429,25663,09637,527
Nonoperating expense
(Other Nonoperating expense)
(2,134)(2,131)(2,091)(1,109)(556)(1,796)
Interest and debt expense(72,368)(67,027)(60,605)(53,963)(39,422)(31,266)
Other undisclosed income from continuing operations before equity method investments, income taxes     39,98635,320
Income (loss) from continuing operations before equity method investments, income taxes:28,816424,562423,338(25,816)63,10439,785
Income from equity method investments7,7006,8017,94712,66612,22447,115
Income (loss) from continuing operations before income taxes:36,516431,363431,285(13,150)75,32886,900
Other undisclosed income from continuing operations     5,437133,059
Income (loss) from continuing operations:36,516431,363431,285(13,150)80,765219,959
Income (loss) before gain (loss) on sale of properties:431,363431,285(13,150)80,765219,959
Gain on sale of properties, net of applicable income taxes110,761  
Other undisclosed net income (loss)130,929(152,367)(193,171)55,072  
Net income:167,445278,996238,114152,68380,765219,959
Net loss attributable to noncontrolling interest(652)(410)(836)(2,265)(1,601)(3,684)
Net income available to common stockholders, basic:166,793278,586237,278150,41879,164216,275
Other undisclosed net income available to common stockholders, diluted143563151,9521,3453,681
Net income available to common stockholders, diluted:166,936278,642237,593152,37080,509219,956

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:167,445278,996238,114152,68380,765219,959
Other comprehensive income1,767     
Comprehensive income:169,212278,996238,114152,68380,765219,959
Comprehensive loss, net of tax, attributable to noncontrolling interest(652)(410)(836)(2,265)(1,601)(3,684)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:168,560278,586237,278150,41879,164216,275

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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