Highwoods Properties, Inc. (HIW) financial statements (2021 and earlier)

Company profile

Business Address 3100 SMOKETREE CT
RALEIGH, NC 27604
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 investments1043495910
Cash and cash equivalents1043495910
Total current assets:1043495910
Noncurrent Assets
Property, plant and equipment515491486474444389394
Long-term investments and receivables26242419212730
Long-term investments26242419212730
Intangible assets, net (including goodwill)231195201214242229222
Intangible assets, net (excluding goodwill)231195201214242229222
Total noncurrent assets:773710711707706645646
Other undisclosed assets4,3563,9613,9103,8053,7823,3513,151
TOTAL ASSETS:5,1384,6754,6244,5614,4934,0053,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt13  011219
Off-market lease, unfavorable13  011219
Total noncurrent liabilities:13  011219
Other undisclosed liabilities2,8182,3052,2432,2622,7372,3312,183
Total liabilities:2,8312,3052,2432,2622,7482,3332,202
Temporary equity, carrying amount133106144145126130106
Stockholders' equity
Stockholders' equity attributable to parent2,1522,2472,2202,1361,6011,5241,477
Preferred stock29292929292929
Common stock1111111
Additional paid in capital2,9552,9762,9292,8512,5982,4642,370
Accumulated other comprehensive income (loss)(0)1085(4)(4)(3)
Accumulated deficit(832)(769)(747)(749)(1,023)(966)(920)
Stockholders' equity attributable to noncontrolling interest22181718181821
Total stockholders' equity:2,1742,2642,2372,1541,6191,5421,499
TOTAL LIABILITIES AND EQUITY:5,1384,6754,6244,5614,4934,0053,807

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
Revenues736 7036666051,1211,031
Revenue, net7036666051,1211,031
Operating lease, lease income723
Cost of revenue(10) (13)(13)(12)(22)(19)
Cost of goods and services sold  (13)(13)(12)(22)(19)
Provision for loan, lease, and other losses(10) 
Gross profit:726 6906535921,0991,012
Operating expenses(553)(513)(506)(489)(456)(458)(417)
Other undisclosed operating income (loss)314990282271252(258)(241)
Operating income:487478466435389383353
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3)222256
Interest and debt expense(82)(71)(69)(77)(86)(86)(93)
Other undisclosed loss from continuing operations before equity method investments, income taxes (270)(269)(258)(240)(233)(214)
Income from continuing operations before equity method investments, income taxes:403138130102656953
Income from equity method investments3276522
Income from continuing operations before income taxes:407140138108707155
Other undisclosed income from continuing operations 38541516447
Income from continuing operations:4071781921238611663
Income from discontinued operations   41916068
Income before gain (loss) on sale of properties:407178192541101116131
Other undisclosed net loss(265)      
Net income:142178192541101116131
Net loss attributable to noncontrolling interest(5)(6)(6)(17)(4)(5)(6)
Net income attributable to parent:13717218552497111125
Preferred stock dividends and other adjustments(2)(2)(2)(3)(3)(3)(3)
Net income available to common stockholders, basic:13416918352295108123
Other undisclosed net income available to common stockholders, diluted45516345
Net income available to common stockholders, diluted:13817418853797112128

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:142178192541101116131
Other comprehensive income (loss)(10)2390(1)10
Comprehensive income:131180195550101115141
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(6)(6)(17)(4)(5)6
Other undisclosed comprehensive loss, net of tax, attributable to parent      (11)
Comprehensive income, net of tax, attributable to parent:12717418853397110135

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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