Equity Commonwealth (EQC) financial statements (2020 and earlier)
Company profile
| Business Address |
TWO NORTH RIVERSIDE PLAZA CHICAGO, IL 60606 |
| 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 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 2,796 | 2,700 | 2,600 | 2,095 | 1,803 | 379 | 222 | ||
| Cash and cash equivalents | 2,796 | 2,401 | 2,352 | 2,095 | 1,803 | 379 | 222 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | 299 | 248 | |||||||
| Total current assets: | 2,796 | 2,700 | 2,600 | 2,095 | 1,803 | 379 | 222 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 86 | 135 | 192 | 286 | 389 | 714 | 699 | ||
| Long-term investments and receivables | 518 | ||||||||
| Long-term investments | 518 | ||||||||
| Intangible assets, net (including goodwill) | 0 | 24 | 46 | 84 | 172 | 256 | |||
| Intangible assets, net (excluding goodwill) | 0 | 24 | 46 | 84 | 172 | 256 | |||
| Disposal group, including discontinued operation, noncurrent assets | 98 | ✕ | |||||||
| Total noncurrent assets: | 86 | 135 | 313 | 333 | 474 | 886 | 1,473 | ||
| Other undisclosed assets | 438 | 695 | 1,324 | 2,099 | 2,968 | 4,497 | 4,951 | ||
| TOTAL ASSETS: | 3,319 | 3,531 | 4,237 | 4,526 | 5,244 | 5,762 | 6,646 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1 | 2 | 4 | 27 | 34 | ||||
| Off-market lease, unfavorable | 1 | 2 | 4 | 27 | 34 | ||||
| Total noncurrent liabilities: | 1 | 2 | 4 | 27 | 34 | ||||
| Other undisclosed liabilities | 74 | 347 | 935 | 1,264 | 1,872 | 2,415 | 3,249 | ||
| Total liabilities: | 74 | 347 | 936 | 1,266 | 1,876 | 2,442 | 3,283 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 3,245 | 3,183 | 3,299 | 6,931 | 6,746 | 6,669 | 3,364 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 4,314 | 4,306 | 4,380 | 4,363 | 4,415 | 4,487 | 4,213 | ||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (4) | (53) | (38) | |||
| Retained earnings | 3,364 | 2,871 | 2,596 | 2,567 | 2,334 | 2,234 | 2,210 | ||
| Other undisclosed stockholders' equity attributable to parent | (4,434) | (3,995) | (3,678) | (3,023) | |||||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | ||||||
| Other undisclosed stockholders' equity | (3,670) | (3,377) | (3,349) | ||||||
| Total stockholders' equity: | 3,246 | 3,184 | 3,300 | 3,260 | 3,368 | 3,320 | 3,364 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,319 | 3,531 | 4,237 | 4,526 | 5,244 | 5,762 | 6,646 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 128 | 197 | 341 | 501 | 715 | 1,554 | 1,593 | |
| Revenue, net | ✕ | ✕ | 341 | 501 | 715 | 1,554 | 1,593 | |
| Operating lease, lease income | 117 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Operating leases, income statement, lease revenue | ✕ | 144 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Cost of revenue | (46) | (106) | (213) | (297) | (463) | (554) | (371) | |
| Cost of goods and services sold | (46) | (141) | (201) | (325) | (388) | (371) | ||
| Other undisclosed gross profit | (526) | (707) | ||||||
| Gross profit: | 81 | 91 | 127 | 204 | 252 | 474 | 515 | |
| Operating expenses | (80) | (86) | (144) | (130) | (360) | (473) | ||
| Other undisclosed operating income (loss) | (166) | 177 | ||||||
| Operating income (loss): | 81 | 12 | 41 | 59 | 121 | (52) | 218 | |
| Nonoperating income (expense) (Foreign Currency Transaction loss, before Tax) | (0) | (9) | ||||||
| Interest and debt expense | (15) | (34) | (53) | (87) | (101) | (138) | (233) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 428 | 298 | 42 | 261 | 90 | 190 | 68 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 494 | 276 | 30 | 234 | 102 | (0) | 53 | |
| Income from equity method investments | 24 | 26 | ||||||
| Income from continuing operations before income taxes: | 494 | 276 | 30 | 234 | 102 | 24 | 78 | |
| Income tax expense | (1) | (3) | (1) | (1) | (2) | (3) | (3) | |
| Income from continuing operations: | 493 | 273 | 30 | 233 | 100 | 21 | 76 | |
| Other undisclosed income (loss) before gain (loss) on sale of properties | 3 | (234) | ||||||
| Income (loss) before gain (loss) on sale of properties: | 493 | 273 | 30 | 233 | 100 | 24 | (159) | |
| Other undisclosed net income | 2 | |||||||
| Net income (loss): | 493 | 273 | 30 | 233 | 100 | 24 | (157) | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (20) | ||||
| Net income (loss) attributable to parent: | 493 | 273 | 30 | 233 | 100 | 24 | (177) | |
| Preferred stock dividends and other adjustments | (8) | (8) | (8) | (28) | (28) | (48) | (45) | |
| Net income (loss) available to common stockholders, basic: | 485 | 265 | 22 | 205 | 72 | (24) | (222) | |
| Other undisclosed net income available to common stockholders, diluted | 8 | 0 | ||||||
| Net income (loss) available to common stockholders, diluted: | 493 | 265 | 22 | 205 | 72 | (24) | (222) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 493 | 273 | 30 | 233 | 100 | 24 | (157) | |
| Other comprehensive income (loss) | 2 | 0 | 50 | (15) | (39) | |||
| Other undisclosed comprehensive income (loss) | 0 | 3 | (0) | |||||
| Comprehensive income (loss): | 493 | 275 | 30 | 236 | 149 | 9 | (196) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | 20 | ||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (40) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 493 | 274 | 30 | 236 | 149 | 9 | (216) | |
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.