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:2,7962,7002,6002,0951,803379222
Cash and cash equivalents2,7962,4012,3522,0951,803379222
Other undisclosed cash, cash equivalents, and short-term investments 299248    
Total current assets:2,7962,7002,6002,0951,803379222
Noncurrent Assets
Property, plant and equipment86135192286389714699
Long-term investments and receivables      518
Long-term investments      518
Intangible assets, net (including goodwill) 0244684172256
Intangible assets, net (excluding goodwill) 0244684172256
Disposal group, including discontinued operation, noncurrent assets  98   
Total noncurrent assets:861353133334748861,473
Other undisclosed assets4386951,3242,0992,9684,4974,951
TOTAL ASSETS:3,3193,5314,2374,5265,2445,7626,646
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt  1242734
Off-market lease, unfavorable  1242734
Total noncurrent liabilities:  1242734
Other undisclosed liabilities743479351,2641,8722,4153,249
Total liabilities:743479361,2661,8762,4423,283
Stockholders' equity
Stockholders' equity attributable to parent, including:3,2453,1833,2996,9316,7466,6693,364
Common stock1111111
Additional paid in capital4,3144,3064,3804,3634,4154,4874,213
Accumulated other comprehensive loss (0)(0)(0)(4)(53)(38)
Retained earnings3,3642,8712,5962,5672,3342,2342,210
Other undisclosed stockholders' equity attributable to parent(4,434)(3,995)(3,678)   (3,023)
Stockholders' equity attributable to noncontrolling interest111    
Other undisclosed stockholders' equity   (3,670)(3,377)(3,349) 
Total stockholders' equity:3,2463,1843,3003,2603,3683,3203,364
TOTAL LIABILITIES AND EQUITY:3,3193,5314,2374,5265,2445,7626,646

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
Revenues1281973415017151,5541,593
Revenue, net3415017151,5541,593
Operating lease, lease income117
Operating leases, income statement, lease revenue144
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:8191127204252474515
Operating expenses (80)(86)(144)(130)(360)(473)
Other undisclosed operating income (loss)     (166)177
Operating income (loss):81124159121(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 taxes428298422619019068
Income (loss) from continuing operations before equity method investments, income taxes:49427630234102(0)53
Income from equity method investments     2426
Income from continuing operations before income taxes:494276302341022478
Income tax expense(1)(3)(1)(1)(2)(3)(3)
Income from continuing operations:493273302331002176
Other undisclosed income (loss) before gain (loss) on sale of properties     3(234)
Income (loss) before gain (loss) on sale of properties:4932733023310024(159)
Other undisclosed net income      2
Net income (loss):4932733023310024(157)
Net loss attributable to noncontrolling interest(0)(0)(0)   (20)
Net income (loss) attributable to parent:4932733023310024(177)
Preferred stock dividends and other adjustments(8)(8)(8)(28)(28)(48)(45)
Net income (loss) available to common stockholders, basic:4852652220572(24)(222)
Other undisclosed net income available to common stockholders, diluted8 0    
Net income (loss) available to common stockholders, diluted:4932652220572(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):4932733023310024(157)
Other comprehensive income (loss) 20 50(15)(39)
Other undisclosed comprehensive income (loss)0  3  (0)
Comprehensive income (loss):493275302361499(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:493274302361499(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.

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