Equity Commonwealth (EQC) financial statements (2022 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)

12/31/2021
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, including:2,8012,9872,7962,7002,6002,0951,803
Cash and cash equivalents2,8012,9872,7962,4012,3522,0951,803
Other undisclosed cash, cash equivalents, and short-term investments   299248  
Total current assets:2,8012,9872,7962,7002,6002,0951,803
Noncurrent Assets
Property, plant and equipment444486135192286389
Intangible assets, net (including goodwill)   0244684
Intangible assets, net (excluding goodwill)   0244684
Disposal group, including discontinued operation, noncurrent assets    98  
Total noncurrent assets:444486135313333474
Other undisclosed assets2362464386951,3242,0992,968
TOTAL ASSETS:3,0813,2783,3193,5314,2374,5265,244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt    124
Off-market lease, unfavorable    124
Total noncurrent liabilities:    124
Other undisclosed liabilities2635743479351,2641,872
Total liabilities:2635743479361,2661,876
Stockholders' equity
Stockholders' equity attributable to parent, including:3,0493,2373,2453,1833,2996,9316,746
Preferred stock119119     
Common stock1111111
Additional paid in capital4,1294,2954,3144,3064,3804,3634,415
Accumulated other comprehensive loss   (0)(0)(0)(4)
Retained earnings3,7993,8153,3642,8712,5962,5672,334
Other undisclosed stockholders' equity attributable to parent(4,999)(4,993)(4,434)(3,995)(3,678)  
Stockholders' equity attributable to noncontrolling interest76111  
Other undisclosed stockholders' equity     (3,670)(3,377)
Total stockholders' equity:3,0553,2433,2463,1843,3003,2603,368
TOTAL LIABILITIES AND EQUITY:3,0813,2783,3193,5314,2374,5265,244

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
Revenues5866128197341501715
Revenue, net341501715
Operating lease, lease income5562117
Operating leases, income statement, lease revenue144
Cost of revenue(44)(48)(46)(106)(213)(297)(463)
Cost of goods and services sold(26)(29)(46) (141)(201)(325)
Gross profit:14188191127204252
Operating expenses(37)(33) (80)(86)(144)(130)
Operating income (loss):(23)(15)81124159121
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
     (0)(9)
Interest and debt expense (0)(15)(34)(53)(87)(101)
Other undisclosed income from continuing operations before equity method investments, income taxes 4684282984226190
Income (loss) from continuing operations before equity method investments, income taxes:(23)45249427630234102
Other undisclosed income from continuing operations before income taxes7      
Income (loss) from continuing operations before income taxes:(16)45249427630234102
Income tax expense(0)(0)(1)(3)(1)(1)(2)
Net income (loss):(16)45249327330233100
Net income (loss) attributable to noncontrolling interest0(1)(0)(0)(0)  
Net income (loss) attributable to parent:(16)45149327330233100
Preferred stock dividends and other adjustments(8)(8)(8)(8)(8)(28)(28)
Net income (loss) available to common stockholders, basic:(24)4434852652220572
Dilutive securities, effect on basic earnings per share(8)      
Other undisclosed net income available to common stockholders, diluted888 0  
Net income (loss) available to common stockholders, diluted:(24)4514932652220572

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 (loss):(16)45249327330233100
Other comprehensive income   20 50
Other undisclosed comprehensive income  0  3 
Comprehensive income (loss):(16)45249327530236149
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)(0)(0)(0)  
Comprehensive income (loss), net of tax, attributable to parent:(16)45149327430236149

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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