Corporate Office Properties Trust (OFC) financial statements (2021 and earlier)

Company profile

Business Address 6711 COLUMBIA GATEWAY DRIVE
COLUMBIA, MD 21046
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 investments1815812210606
Cash and cash equivalents1815812210606
Total current assets:1815812210606
Noncurrent Assets
Finance lease, right-of-use asset4042
Operating lease, right-of-use asset41 
Property, plant and equipment   5567
Long-term investments and receivables295240252622
Long-term investments295240252622
Intangible assets, net (including goodwill)19274359789844
Intangible assets, net (excluding goodwill)19274359789844
Deferred costs33419181113
Total noncurrent assets:1331248710812711766
Other undisclosed assets3,9263,7163,5613,4583,4443,7323,598
TOTAL ASSETS:4,0773,8543,6563,5783,7813,9093,670
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,3582,1062,0032,1042,1632,2742,131
Total liabilities:2,3582,1062,0032,1042,1632,2742,131
Temporary equity, carrying amount25292623231918
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6611,6791,5851,3861,5231,5451,451
Common stock1111111
Additional paid in capital2,4792,4822,4312,2012,1172,0051,970
Accumulated other comprehensive income (loss)(9)(25)(0)2(2)(3)(1)
Other undisclosed stockholders' equity attributable to parent(810)(778)(847)(818)(593)(458)(518)
Stockholders' equity attributable to noncontrolling interest33404266727269
Total stockholders' equity:1,6941,7191,6271,4521,5951,6171,521
TOTAL LIABILITIES AND EQUITY:4,0773,8543,6563,5783,7813,9093,670

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
Revenues609641578613574625586
Revenue, net1,019466527973
Operating lease, lease income536522
Operating leases, income statement, lease revenue408
Cost of revenue(306)(312)(265)(297)(251)(311)(286)
Cost of goods and services sold(68)(110)(58)(291)(243)(297)(280)
Gross profit:303329313316323315301
Operating expenses(143)(173)(168)(180)(271)(195)(169)
Operating income:16115614513652120132
Nonoperating income (expense)(15)846555
Investment income, nonoperating(24)      
Other nonoperating income9846555
Interest and debt expense(75)(71)(75)(77)(83)(89)(92)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes311052(1)(1)85(10)
Income (loss) from continuing operations before equity method investments, income taxes:1011987665(26)12135
Income from equity method investments2233100
Income (loss) from continuing operations before income taxes:1032007868(25)12135
Income tax expense (benefit)(0)00(1)(0)(0)(0)
Income (loss) from continuing operations:1032007966(25)12135
Income from discontinued operations     00
Income (loss) before gain (loss) on sale of properties:1032007966(25)12135
Gain on sale of properties, net of applicable income taxes  210416811
Other undisclosed net loss  (2)    
Net income:10320079761618945
Net loss attributable to noncontrolling interest(1)(3)(2)(3)(1)(7)(2)
Other undisclosed net loss attributable to parent(4)(5)(4)(4)(4)(4)(3)
Net income attributable to parent:9719272701117840
Preferred stock dividends and other adjustments   (13)(14)(14)(18)
Other undisclosed net loss available to common stockholders, basic(0)(1)     
Net income (loss) available to common stockholders, basic:971917257(3)16423
Dilutive securities, effect on basic earnings per share00     
Other undisclosed net income (loss) available to common stockholders, diluted 0(0)(0)(0)6 
Net income (loss) available to common stockholders, diluted:971917257(3)17023

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:10320079761618945
Other comprehensive income (loss)16(26)(3)41(1)(5)
Comprehensive income:11917476801718740
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(8)(6)(6)(4)(11)(5)
Comprehensive income, net of tax, attributable to parent:11416670741317735

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: