Highwoods Properties, Inc. (HIW) financial statements (2022 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)

12/31/2021
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 investments231091043495
Cash and cash equivalents231091043495
Total current assets:231091043495
Noncurrent Assets
Property, plant and equipment549467515491486474444
Long-term investments and receivables7272624241921
Long-term investments7272624241921
Intangible assets, net (including goodwill)259209231195201214242
Intangible assets, net (excluding goodwill)259209231195201214242
Total noncurrent assets:816703773710711707706
Other undisclosed assets4,8564,3974,3563,9613,9103,8053,782
TOTAL ASSETS:5,6955,2095,1384,6754,6244,5614,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt9 13  011
Off-market lease, unfavorable9 13  011
Total noncurrent liabilities:9 13  011
Other undisclosed liabilities3,0752,7392,8182,3052,2432,2622,737
Total liabilities:3,0842,7392,8312,3052,2432,2622,748
Temporary equity, carrying amount112112133106144145126
Stockholders' equity
Stockholders' equity attributable to parent2,4772,3362,1522,2472,2202,1361,601
Preferred stock29292929292929
Common stock1111111
Additional paid in capital3,0282,9942,9552,9762,9292,8512,598
Accumulated other comprehensive income (loss)(1)(1)(0)1085(4)
Accumulated deficit(580)(686)(832)(769)(747)(749)(1,023)
Stockholders' equity attributable to noncontrolling interest22222218171818
Total stockholders' equity:2,5002,3582,1742,2642,2372,1541,619
TOTAL LIABILITIES AND EQUITY:5,6955,2095,1384,6754,6244,5614,493

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
Revenues768737736 703666605
Revenue, net703666605
Operating lease, lease income755726723
Cost of revenue(0)(5)(10) (13)(13)(12)
Cost of goods and services sold    (13)(13)(12)
Provision for loan, lease, and other losses(0)(5)(10) 
Gross profit:768731726 690653592
Operating expenses(536)(516)(553)(513)(506)(489)(456)
Other undisclosed operating income300290314990282271252
Operating income:532505487478466435389
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(2)(3)2222
Interest and debt expense(86)(85)(82)(71)(69)(77)(86)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (270)(269)(258)(240)
Income from continuing operations before equity method investments, income taxes:44741940313813010265
Income from equity method investments2432765
Income from continuing operations before income taxes:44942340714013810870
Other undisclosed income from continuing operations   38541516
Income from continuing operations:44942340717819212386
Income from discontinued operations     41916
Income before gain (loss) on sale of properties:449423407178192541101
Other undisclosed net loss(125)(65)(265)    
Net income:323358142178192541101
Net loss attributable to noncontrolling interest(10)(11)(5)(6)(6)(17)(4)
Net income attributable to parent:31334713717218552497
Preferred stock dividends and other adjustments(2)(2)(2)(2)(2)(3)(3)
Net income available to common stockholders, basic:31134513416918352295
Other undisclosed net income available to common stockholders, diluted89455163
Net income available to common stockholders, diluted:31935413817418853797

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:323358142178192541101
Other comprehensive income (loss)0(1)(10)2390
Comprehensive income:324357131180195550101
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(11)(5)(6)(6)(17)(4)
Comprehensive income, net of tax, attributable to parent:31434612717418853397

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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