Equity Commonwealth (EQC) Financial Statements (2024 and earlier)

Company Profile

Business Address TWO NORTH RIVERSIDE PLAZA
CHICAGO, IL 60606
State of Incorp. MD
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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,153,0472,128,6882,582,2222,692,3542,691,5032,721,929
Cash and cash equivalents2,153,0472,128,6882,582,2222,692,3542,691,5032,721,929
Total current assets:2,153,0472,128,6882,582,2222,692,3542,691,5032,721,929
Noncurrent Assets
Property, plant and equipment44,06044,06044,06044,06044,06044,060
Total noncurrent assets:44,06044,06044,06044,06044,06044,060
Other undisclosed assets224,736226,576228,603232,106232,917234,029
TOTAL ASSETS:2,421,8432,399,3242,854,8852,968,5202,968,4803,000,018
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities30,01630,25231,153137,92522,65819,751
Total liabilities:30,01630,25231,153137,92522,65819,751
Equity
Equity, attributable to parent, including:2,383,9752,361,4172,816,5282,823,4532,938,4292,972,977
Preferred stock119,263119,263119,263119,263119,263119,263
Common stock1,0971,0971,0941,1061,1121,127
Additional paid in capital3,984,6813,976,6433,979,5664,005,1254,018,4404,053,256
Retained earnings3,874,2843,858,5003,835,8153,814,9403,802,7503,799,854
Other undisclosed equity, attributable to parent(5,595,350)(5,594,086)(5,119,210)(5,116,981)(5,003,136)(5,000,523)
Equity, attributable to noncontrolling interest7,8527,6557,2047,1427,3937,290
Total equity:2,391,8272,369,0722,823,7322,830,5952,945,8222,980,267
TOTAL LIABILITIES AND EQUITY:2,421,8432,399,3242,854,8852,968,5202,968,4803,000,018

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues14,59015,57615,78715,12615,54116,686
Operating lease, lease income13,35814,22614,62813,86914,42615,840
Cost of revenue(4,514)(4,310)(28,818)(4,451)(4,313)(4,412)
Gross profit:10,07611,266(13,031)10,67511,22812,274
Operating expenses(20,796)(15,811)10,061(13,666)(14,238)(12,535)
Operating loss:(10,720)(4,545)(2,970)(2,991)(3,010)(261)
Loss from continuing operations before equity method investments, income taxes:(10,720)(4,545)(2,970)(2,991)(3,010)(261)
Other undisclosed income from continuing operations before income taxes27,35228,37624,27015,2355,9631,574
Income from continuing operations before income taxes:16,63223,83121,30012,2442,9531,313
Income tax expense(796)(1,080)(372)(23)(50)(8)
Income from continuing operations:15,83622,75120,92812,2212,9031,305
Income before gain (loss) on sale of properties:12,2212,9031,305
Net income:15,83622,75120,92812,2212,9031,305
Net loss attributable to noncontrolling interest(52)(66)(53)(31)(7)(3)
Net income attributable to parent:15,78422,68520,87512,1902,8961,302
Preferred stock dividends and other adjustments(1,997)(1,997)(1,997)(1,997)(1,997)(1,997)
Net income (loss) available to common stockholders, basic:13,78720,68818,87810,193899(695)
Dilutive securities, effect on basic earnings per share(1,997)(1,997)(1,997)(1,997)(1,997)(1,997)
Other undisclosed net income available to common stockholders, diluted1,9971,9971,9971,9971,9971,997
Net income (loss) available to common stockholders, diluted:13,78720,68818,87810,193899(695)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:15,83622,75120,92812,2212,9031,305
Comprehensive income:15,83622,75120,92812,2212,9031,305
Comprehensive loss, net of tax, attributable to noncontrolling interest(52)(66)(53)(31)(7)(3)
Comprehensive income, net of tax, attributable to parent:15,78422,68520,87512,1902,8961,302

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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