Corporate Office Properties Trust (OFC) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13151736181122
Cash and cash equivalents13151736181122
Total current assets:13151736181122
Noncurrent Assets
Finance lease, right-of-use asset2404040404040
Operating lease, right-of-use asset38393940413631
Property, plant and equipment10101010   
Long-term investments and receivables40404129295050
Long-term investments40404129295050
Intangible assets, net (including goodwill)15161718192225
Intangible assets, net (excluding goodwill)15161718192225
Deferred costs33338333
Total noncurrent assets:107148150176133152149
Other undisclosed assets4,1423,9893,8853,9013,9263,9573,841
TOTAL ASSETS:4,2624,1514,0524,1134,0774,1204,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,5782,4542,3552,4302,3582,4472,331
Total liabilities:2,5782,4542,3552,4302,3582,4472,331
Temporary equity, carrying amount27262626252423
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6231,6371,6371,6231,6611,6091,617
Common stock1111111
Additional paid in capital2,4822,4802,4782,4772,4792,4792,478
Accumulated other comprehensive loss(3)(5)(6)(7)(9)(11)(65)
Other undisclosed stockholders' equity attributable to parent(857)(840)(836)(847)(810)(861)(798)
Stockholders' equity attributable to noncontrolling interest34343434334040
Total stockholders' equity:1,6571,6711,6711,6571,6941,6501,657
TOTAL LIABILITIES AND EQUITY:4,2624,1514,0524,1134,0774,1204,011

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues164175164162164155145
Operating lease, lease income120146144145139134132
Cost of revenue(114)(85)(115)(73)(107)(72)(63)
Cost of goods and services sold(42)(27)(19)(16)84(52)(50)
Gross profit:50894988578382
Operating expenses(9)(46)(7)(46)(16)(44)(42)
Operating income:41434342413940
Nonoperating income (expense)222233(51)2
Investment income, nonoperating    29(53) 
Other nonoperating income2222322
Interest and debt expense(57)(17)(41)(51)(21)(20)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes260400311(1)
Income (loss) from continuing operations before equity method investments, income taxes:112944(6)83(32)25
Income from equity method investments0000000
Income (loss) from continuing operations before income taxes:122944(6)84(31)25
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations:122944(6)84(31)25
Other undisclosed income before gain (loss) on sale of properties3      
Net income (loss):152944(6)84(31)25
Net loss attributable to noncontrolling interest(1)(0)(1)(0)(1)  
Other undisclosed net income (loss) attributable to parent1(1)(1)(0)(0)(1)(2)
Net income (loss) attributable to parent:152742(7)82(32)23
Other undisclosed net income (loss) available to common stockholders, basic0(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, basic:152742(7)82(32)23
Dilutive securities, effect on basic earnings per share000 0 0
Other undisclosed net loss available to common stockholders, diluted(1)(0)(0)    
Net income (loss) available to common stockholders, diluted:142742(7)82(32)23

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):152944(6)84(31)25
Other comprehensive income (loss)2112155(2)
Comprehensive income (loss):173045(4)852323
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(2)(1)(1)(2)(1)(2)
Comprehensive income (loss), net of tax, attributable to parent:162843(5)832221

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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