Boston Properties, Inc. (BXP) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 BOYLSTON STREET
BOSTON, MA 02199
State of Incorp. DE
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 millions)

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 investments6904531,669645543435
Cash and cash equivalents6904531,669645543435
Restricted cash and investments464851479671
Deferred costs 191913   
Total current assets:7565201,732692639505
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization238238237 
Operating lease, right-of-use asset167170146 
Property, plant and equipment8,8478,9018,7408,6028,0938,608
Long-term investments and receivables1,7161,4831,310956956620
Long-term investments1,7161,4831,310956956620
Deferred costs733619640689679679
Total noncurrent assets:11,70111,41011,07510,2479,7289,907
Other undisclosed assets11,75010,43510,05110,3469,8908,960
TOTAL ASSETS:24,20822,36522,85821,28520,25619,372
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities15,83714,32214,51213,26212,04311,270
Total liabilities:15,83714,32214,51213,26212,04311,270
Temporary equity, carrying amount71078  
Equity
Equity, attributable to parent6,1335,8345,9965,6855,8835,814
Preferred stock   200200200200
Common stock222222
Treasury stock, value(3)(3)(3)(3)(3)(3)
Additional paid in capital6,5396,4986,3576,2956,4086,378
Accumulated other comprehensive income (loss)(14)(37)(50)(48)(48)(50)
Accumulated deficit(391)(626)(510)(761)(676)(712)
Equity, attributable to noncontrolling interest2,2312,1992,3442,3302,3312,288
Total equity:8,3648,0338,3408,0148,2148,102
TOTAL LIABILITIES AND EQUITY:24,20822,36522,85821,28520,25619,372

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Other undisclosed income before gain (loss) on sale of properties  6
Revenues3,1092,8892,7662,9612,7172,602
Revenue, net2,6622,567
Operating lease, lease income2,9182,7532,646 
Cost of revenue(1,588)(1,179)(1,661)(1,211)(1,023)(963)
Cost of goods and services sold(1,108)(1,021)(1,017) (1,023)(962)
Other undisclosed gross profit40910458977  
Gross profit:1,9301,8141,6941,8261,6941,639
Operating expenses(462)(742)(199)(704)(779)(731)
Operating income:1,4671,0731,4951,122915908
Nonoperating income (expense)
(Investment Income, Nonoperating)
(6)656(2)4
Interest and debt expense(437)(469)(432)(442)(395)(374)
Income from continuing operations before equity method investments, income taxes:1,0246101,068686519538
Income (loss) from equity method investments(60)(3)(85)47211
Income from continuing operations:964607983733521549
Income before gain (loss) on sale of properties:607983733521555
Gain on sale of properties, net of applicable income taxes11828
Other undisclosed net income (loss)572536(82)9 
Net income:1,0216321,019652713562
Net loss attributable to noncontrolling interest(172)(127)(146)(130)(130)(100)
Net income attributable to parent:849505873522583462
Preferred stock dividends and other adjustments  (9)(11)(11)(11)(11)
Net income available to common stockholders, basic:849496862511572452
Other undisclosed net income (loss) available to common stockholders, diluted(1) (1) (0) 
Net income available to common stockholders, diluted:848496861511572452

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,0216321,019652713562
Other comprehensive income (loss)2615(1)(0)4(0)
Comprehensive income:1,0476471,018652716562
Comprehensive loss, net of tax, attributable to noncontrolling interest(172)(127)(146)(130)(130)(100)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(2)(0)(1)(1)2
Comprehensive income, net of tax, attributable to parent:872518871521586464

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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