Cousins Properties Incorporated (CUZ) financial statements (2022 and earlier)
Company profile
| Business Address |
3344 PEACHTREE ROAD, NE ATLANTA, GA 30326 |
| State of Incorp. | GA |
| 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 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9 | 4 | 16 | 3 | 149 | 36 | 2 | ||
| Cash and cash equivalents | 9 | 4 | 16 | 3 | 149 | 36 | 2 | ||
| Total current assets: | 9 | 4 | 16 | 3 | 149 | 36 | 2 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 4 | 4 | 12 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 46 | 56 | 57 | ✕ | ✕ | ✕ | ✕ | ||
| Long-term investments and receivables | 78 | 125 | 134 | 162 | 101 | 179 | 103 | ||
| Long-term investments | 78 | 125 | 134 | 162 | 101 | 179 | 103 | ||
| Intangible assets, net (including goodwill), including: | 169 | 189 | 258 | 146 | 186 | 246 | 125 | ||
| Goodwill | 2 | 2 | 2 | 2 | 2 | 2 | 4 | ||
| Intangible assets, net (excluding goodwill) | (105) | (53) | 9 | ||||||
| Other undisclosed intangible assets, net (including goodwill) | 167 | 187 | 256 | 144 | 289 | 297 | 111 | ||
| Deferred costs | 6 | 6 | 5 | 3 | 3 | 13 | |||
| Total noncurrent assets: | 296 | 380 | 466 | 313 | 291 | 427 | 240 | ||
| Other undisclosed assets | 7,007 | 6,723 | 6,669 | 3,831 | 3,765 | 3,708 | 2,355 | ||
| TOTAL ASSETS: | 7,312 | 7,107 | 7,151 | 4,146 | 4,205 | 4,172 | 2,598 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Disposal group, including discontinued operation | 13 | 21 | 1 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 37 | 33 | 30 | ||
| Total current liabilities: | 13 | 21 | 37 | 33 | 31 | ||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 13 | 13 | |||||||
| Lease deposit liability | 13 | 13 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 13 | 13 | |||||||
| Other undisclosed liabilities | 2,699 | 2,586 | 2,702 | 1,325 | 1,342 | 1,624 | 883 | ||
| Total liabilities: | 2,712 | 2,612 | 2,724 | 1,325 | 1,380 | 1,657 | 914 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 4,567 | 4,467 | 4,359 | 2,766 | 2,772 | 2,456 | 1,808 | ||
| Preferred stock | 2 | 7 | 7 | 7 | |||||
| Common stock | 151 | 151 | 149 | 431 | 430 | 404 | 220 | ||
| Treasury stock, value | (148) | (148) | (148) | (148) | (148) | (148) | (135) | ||
| Additional paid in capital | 5,549 | 5,543 | 5,494 | 3,606 | 3,605 | 3,407 | 1,722 | ||
| Other undisclosed stockholders' equity attributable to parent | (985) | (1,078) | (1,137) | (1,129) | (1,122) | (1,214) | |||
| Stockholders' equity attributable to noncontrolling interest | 34 | 28 | 69 | 55 | 53 | 59 | |||
| Other undisclosed stockholders' equity | (124) | ||||||||
| Total stockholders' equity: | 4,600 | 4,496 | 4,428 | 2,821 | 2,825 | 2,514 | 1,683 | ||
| TOTAL LIABILITIES AND EQUITY: | 7,312 | 7,107 | 7,151 | 4,146 | 4,205 | 4,172 | 2,598 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 755 | 740 | 658 | 475 | 466 | 259 | 382 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 446 | 250 | 373 | |
| Cost of revenue | (576) | (552) | (542) | (359) | (354) | (229) | (300) | |
| Cost of goods and services sold | (259) | (251) | (222) | (165) | (164) | (97) | (156) | |
| Gross profit: | 179 | 189 | 116 | 116 | 112 | 30 | 82 | |
| Operating expenses | (73) | (94) | (87) | (53) | (75) | (52) | (44) | |
| Other undisclosed operating income | 387 | 392 | ||||||
| Operating income (loss): | 494 | 486 | 29 | 63 | 38 | (22) | 38 | |
| Nonoperating expense (Other Nonoperating expense) | (2) | (2) | (1) | (1) | (2) | (6) | (1) | |
| Interest and debt expense | (67) | (61) | (54) | (39) | (31) | (32) | (31) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 40 | 35 | 33 | 32 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 425 | 423 | (26) | 63 | 40 | (27) | 38 | |
| Income from equity method investments | 7 | 8 | 13 | 12 | 47 | 11 | 8 | |
| Income (loss) from continuing operations before income taxes: | 431 | 431 | (13) | 75 | 87 | (16) | 46 | |
| Other undisclosed income from continuing operations | 5 | 133 | 77 | 80 | ||||
| Income (loss) from continuing operations: | 431 | 431 | (13) | 81 | 220 | 61 | 126 | |
| Income (loss) from discontinued operations | 19 | (1) | ||||||
| Income (loss) before gain (loss) on sale of properties: | 431 | 431 | (13) | 81 | 220 | 80 | 126 | |
| Gain on sale of properties, net of applicable income taxes | 111 | |||||||
| Other undisclosed net income (loss) | (152) | (193) | 55 | |||||
| Net income: | 279 | 238 | 153 | 81 | 220 | 80 | 126 | |
| Net loss attributable to noncontrolling interest | (0) | (1) | (2) | (2) | (4) | (1) | (0) | |
| Net income available to common stockholders, basic: | 279 | 237 | 150 | 79 | 216 | 79 | 126 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 2 | 1 | 4 | 1 | ||
| Net income available to common stockholders, diluted: | 279 | 238 | 152 | 81 | 220 | 80 | 126 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 279 | 238 | 153 | 81 | 220 | 80 | 126 | |
| Comprehensive income: | 279 | 238 | 153 | 81 | 220 | 80 | 126 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (1) | (2) | (2) | (4) | (1) | (0) | |
| Comprehensive income, net of tax, attributable to parent: | 279 | 237 | 150 | 79 | 216 | 79 | 126 | |
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.