Corporate Office Properties Trust (OFC) financial statements (2021 and earlier)

Company profile

Business Address 6711 COLUMBIA GATEWAY DRIVE
COLUMBIA, MD 21046
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1534468898
Cash and cash equivalents1534468898
Total current assets:1534468898
Noncurrent Assets
Finance lease, right-of-use asset4242  
Property, plant and equipment     76
Long-term investments and receivables52496539404041
Long-term investments52496539404041
Intangible assets, net (including goodwill)27293133434751
Intangible assets, net (excluding goodwill)27293133434751
Deferred costs344442323
Total noncurrent assets:1241251017787117120
Other undisclosed assets3,7163,6973,6563,6913,5613,5233,484
TOTAL ASSETS:3,8543,8553,8033,7763,6563,6503,612
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,1062,1312,0552,0922,0032,0152,079
Total liabilities:2,1062,1312,0552,0922,0032,0152,079
Temporary equity, carrying amount29293027262525
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6791,6561,6721,6101,5851,5681,442
Common stock1111111
Additional paid in capital2,4822,4802,4752,4752,4312,3902,254
Accumulated other comprehensive income (loss)(25)(35)(23)(10)(0)109
Other undisclosed stockholders' equity attributable to parent(778)(790)(781)(857)(847)(834)(822)
Stockholders' equity attributable to noncontrolling interest40404746424266
Total stockholders' equity:1,7191,6961,7191,6561,6271,6101,508
TOTAL LIABILITIES AND EQUITY:3,8543,8553,8033,7763,6563,6503,612

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues158159175149138137147
Revenue, net102119
Operating lease, lease income131129  
Operating leases, income statement, lease revenue131131   
Cost of revenue(77)(78)(90)(67)(60)(59)(68)
Cost of goods and services sold(25)(28)(41)(16)(7)(8)(66)
Gross profit:81818582797879
Operating expenses(42)(43)(44)(44)(46)(41)(41)
Operating income:38384139333738
Nonoperating income
(Other Nonoperating income)
2222011
Interest and debt expense(17)(17)(18)(19)(18)(19)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes21 84 2  
Income from continuing operations before equity method investments, income taxes:442310922172021
Income from equity method investments0000200
Income from continuing operations before income taxes:452310923182021
Income tax expense (benefit)000(0)00(0)
Income before gain (loss) on sale of properties:452311022182021
Gain (loss) on sale of properties, net of applicable income taxes    2 (0)
Other undisclosed net loss    (2)  
Net income:452311022182021
Net loss attributable to noncontrolling interest(3)   (0)(1)(1)
Other undisclosed net income (loss) attributable to parent1(2)(3)(1)(1)(1)(1)
Net income attributable to parent:432110721171919
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)    
Net income available to common stockholders, basic:432110621171919
Dilutive securities, effect on basic earnings per share000    
Other undisclosed net income (loss) available to common stockholders, diluted0 1(0)(0)(0)(0)
Net income available to common stockholders, diluted:432110821171919

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:452311022182021
Other comprehensive income (loss)9(11)(14)(9)(10)12
Comprehensive income:5412951382123
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(3)(1)(1)(2)(2)
Comprehensive income, net of tax, attributable to parent:5210931272021

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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