Highwoods Properties, Inc. (HIW) financial statements (2021 and earlier)

Company profile

Business Address 3100 SMOKETREE CT
RALEIGH, NC 27604
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments109119513101175
Cash and cash equivalents109119513101175
Total current assets:109119513101175
Noncurrent Assets
Property, plant and equipment467465486483515496496
Long-term investments and receivables27272726262424
Long-term investments27272726262424
Intangible assets, net (including goodwill)209216222225231196196
Intangible assets, net (excluding goodwill)209216222225231196196
Total noncurrent assets:703708734734773716715
Other undisclosed assets4,3974,3784,3184,3844,3564,0584,023
TOTAL ASSETS:5,2095,2055,0575,1315,1384,8914,743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt    13  
Off-market lease, unfavorable    13  
Total noncurrent liabilities:    13  
Other undisclosed liabilities2,7392,7692,6132,6752,8182,5952,419
Total liabilities:2,7392,7692,6132,6752,8312,5952,419
Temporary equity, carrying amount11295106101133122113
Stockholders' equity
Stockholders' equity attributable to parent2,3362,3182,3162,3332,1522,1512,188
Preferred stock29292929292929
Common stock1111111
Additional paid in capital2,9943,0092,9963,0012,9552,9642,973
Accumulated other comprehensive income (loss)(1)(2)(2)(2)(0)(1)6
Accumulated deficit(686)(718)(709)(696)(832)(842)(821)
Stockholders' equity attributable to noncontrolling interest22222222222222
Total stockholders' equity:2,3582,3402,3372,3552,1742,1732,211
TOTAL LIABILITIES AND EQUITY:5,2095,2055,0575,1315,1384,8914,743

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues180181183193192187184
Operating lease, lease income177179181190189184181
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)  (1)(1)  
Gross profit:179181183192191187184
Operating expenses(129)(126)(126)(134)(139)(142)(130)
Other undisclosed operating income73697173777870
Operating income:122124128131129123124
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(3)10100
Interest and debt expense(20)(24)(20)(21)(22)(21)(20)
Income from continuing operations before equity method investments, income taxes:10397109109108103103
Income from equity method investments1111111
Income before gain (loss) on sale of properties:10498110110108104104
Other undisclosed net income (loss)(19)(56)(71)81(46)(74)(63)
Net income:854239191623041
Net loss attributable to noncontrolling interest(3)(1)(1)(5)(2)(1)(1)
Net income attributable to parent:834138186602940
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, basic:824037185602839
Other undisclosed net income available to common stockholders, diluted2115211
Net income available to common stockholders, diluted:844138190612940

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:854239191623041
Other comprehensive income (loss)00(0)(1)0(7)(1)
Comprehensive income:854239190622340
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(1)(1)(5)(2)(1)(1)
Comprehensive income, net of tax, attributable to parent:834138185612239

Statements sources

The financial statements are based on the company's filings with the 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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