Equity Commonwealth (EQC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2,9872,7962,7002,6002,0951,803379
Cash and cash equivalents2,9872,7962,4012,3522,0951,803379
Other undisclosed cash, cash equivalents, and short-term investments  299248   
Total current assets:2,9872,7962,7002,6002,0951,803379
Noncurrent Assets
Property, plant and equipment4486135192286389714
Intangible assets, net (including goodwill)  0244684172
Intangible assets, net (excluding goodwill)  0244684172
Disposal group, including discontinued operation, noncurrent assets   98   
Total noncurrent assets:4486135313333474886
Other undisclosed assets2464386951,3242,0992,9684,497
TOTAL ASSETS:3,2783,3193,5314,2374,5265,2445,762
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt   12427
Off-market lease, unfavorable   12427
Total noncurrent liabilities:   12427
Other undisclosed liabilities35743479351,2641,8722,415
Total liabilities:35743479361,2661,8762,442
Stockholders' equity
Stockholders' equity attributable to parent, including:3,2373,2453,1833,2996,9316,7466,669
Preferred stock119      
Common stock1111111
Additional paid in capital4,2954,3144,3064,3804,3634,4154,487
Accumulated other comprehensive loss  (0)(0)(0)(4)(53)
Retained earnings3,8153,3642,8712,5962,5672,3342,234
Other undisclosed stockholders' equity attributable to parent(4,993)(4,434)(3,995)(3,678)   
Stockholders' equity attributable to noncontrolling interest6111   
Other undisclosed stockholders' equity    (3,670)(3,377)(3,349)
Total stockholders' equity:3,2433,2463,1843,3003,2603,3683,320
TOTAL LIABILITIES AND EQUITY:3,2783,3193,5314,2374,5265,2445,762

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues661281973415017151,554
Revenue, net3415017151,554
Operating lease, lease income62117
Operating leases, income statement, lease revenue144
Cost of revenue(48)(46)(106)(213)(297)(463)(554)
Cost of goods and services sold(29)(46) (141)(201)(325)(388)
Other undisclosed gross profit      (526)
Gross profit:188191127204252474
Operating expenses(33) (80)(86)(144)(130)(360)
Other undisclosed operating loss      (166)
Operating income (loss):(15)81124159121(52)
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
    (0)(9) 
Interest and debt expense(0)(15)(34)(53)(87)(101)(138)
Other undisclosed income from continuing operations before equity method investments, income taxes4684282984226190190
Income (loss) from continuing operations before equity method investments, income taxes:45249427630234102(0)
Income from equity method investments      24
Income from continuing operations before income taxes:4524942763023410224
Income tax expense(0)(1)(3)(1)(1)(2)(3)
Income from continuing operations:4524932733023310021
Other undisclosed income before gain (loss) on sale of properties      3
Net income:4524932733023310024
Net loss attributable to noncontrolling interest(1)(0)(0)(0)   
Net income attributable to parent:4514932733023310024
Preferred stock dividends and other adjustments(8)(8)(8)(8)(28)(28)(48)
Net income (loss) available to common stockholders, basic:4434852652220572(24)
Other undisclosed net income available to common stockholders, diluted88 0   
Net income (loss) available to common stockholders, diluted:4514932652220572(24)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4524932733023310024
Other comprehensive income (loss)  20 50(15)
Other undisclosed comprehensive income 0  3  
Comprehensive income:452493275302361499
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(0)(0)   
Comprehensive income, net of tax, attributable to parent:451493274302361499

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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