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)

12/31/2020
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 investments10910434959
Cash and cash equivalents10910434959
Total current assets:10910434959
Noncurrent Assets
Property, plant and equipment467515491486474444389
Long-term investments and receivables27262424192127
Long-term investments27262424192127
Intangible assets, net (including goodwill)209231195201214242229
Intangible assets, net (excluding goodwill)209231195201214242229
Total noncurrent assets:703773710711707706645
Other undisclosed assets4,3974,3563,9613,9103,8053,7823,351
TOTAL ASSETS:5,2095,1384,6754,6244,5614,4934,005
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 13  0112
Off-market lease, unfavorable 13  0112
Total noncurrent liabilities: 13  0112
Other undisclosed liabilities2,7392,8182,3052,2432,2622,7372,331
Total liabilities:2,7392,8312,3052,2432,2622,7482,333
Temporary equity, carrying amount112133106144145126130
Stockholders' equity
Stockholders' equity attributable to parent2,3362,1522,2472,2202,1361,6011,524
Preferred stock29292929292929
Common stock1111111
Additional paid in capital2,9942,9552,9762,9292,8512,5982,464
Accumulated other comprehensive income (loss)(1)(0)1085(4)(4)
Accumulated deficit(686)(832)(769)(747)(749)(1,023)(966)
Stockholders' equity attributable to noncontrolling interest22221817181818
Total stockholders' equity:2,3582,1742,2642,2372,1541,6191,542
TOTAL LIABILITIES AND EQUITY:5,2095,1384,6754,6244,5614,4934,005

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
Revenues737736 7036666051,121
Revenue, net7036666051,121
Operating lease, lease income726723
Cost of revenue(5)(10) (13)(13)(12)(22)
Cost of goods and services sold   (13)(13)(12)(22)
Provision for loan, lease, and other losses(5)(10) 
Gross profit:731726 6906535921,099
Operating expenses(516)(553)(513)(506)(489)(456)(458)
Other undisclosed operating income (loss)290314990282271252(258)
Operating income:505487478466435389383
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(3)22225
Interest and debt expense(85)(82)(71)(69)(77)(86)(86)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (270)(269)(258)(240)(233)
Income from continuing operations before equity method investments, income taxes:4194031381301026569
Income from equity method investments4327652
Income from continuing operations before income taxes:4234071401381087071
Other undisclosed income from continuing operations  3854151644
Income from continuing operations:42340717819212386116
Income from discontinued operations    419160
Income before gain (loss) on sale of properties:423407178192541101116
Other undisclosed net loss(65)(265)     
Net income:358142178192541101116
Net loss attributable to noncontrolling interest(11)(5)(6)(6)(17)(4)(5)
Net income attributable to parent:34713717218552497111
Preferred stock dividends and other adjustments(2)(2)(2)(2)(3)(3)(3)
Net income available to common stockholders, basic:34513416918352295108
Other undisclosed net income available to common stockholders, diluted94551634
Net income available to common stockholders, diluted:35413817418853797112

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:358142178192541101116
Other comprehensive income (loss)(1)(10)2390(1)
Comprehensive income:357131180195550101115
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(5)(6)(6)(17)(4)(5)
Comprehensive income, net of tax, attributable to parent:34612717418853397110

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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