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)

12/31/2019
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 investments1581221060654
Cash and cash equivalents1581221060654
Total current assets:1581221060654
Noncurrent Assets
Finance lease, right-of-use asset42
Property, plant and equipment  55677
Long-term investments and receivables52402526222
Long-term investments52402526222
Accounts and financing receivable, after allowance for credit loss      (0)
Intangible assets, net (including goodwill)27435978984459
Intangible assets, net (excluding goodwill)27435978984459
Deferred costs34191811138
Total noncurrent assets:124871081271176676
Other undisclosed assets3,7163,5613,4583,4443,7323,5983,499
TOTAL ASSETS:3,8543,6563,5783,7813,9093,6703,630
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,1062,0032,1042,1632,2742,1312,115
Total liabilities:2,1062,0032,1042,1632,2742,1312,115
Temporary equity, carrying amount29262323191818
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6791,5851,3861,5231,5451,4511,426
Common stock1111111
Additional paid in capital2,4822,4312,2012,1172,0051,9701,814
Accumulated other comprehensive income (loss)(25)(0)2(2)(3)(1)3
Other undisclosed stockholders' equity attributable to parent(778)(847)(818)(593)(458)(518)(393)
Stockholders' equity attributable to noncontrolling interest40426672726972
Total stockholders' equity:1,7191,6271,4521,5951,6171,5211,497
TOTAL LIABILITIES AND EQUITY:3,8543,6563,5783,7813,9093,6703,630

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
Revenues641578613574625586523
Revenue, net1,019466527973939
Operating lease, lease income522
Operating leases, income statement, lease revenue408
Cost of revenue(312)(265)(297)(251)(311)(286)(232)
Cost of goods and services sold(110)(58)(291)(243)(297)(280)(226)
Gross profit:329313316323315301292
Operating expenses(173)(168)(180)(271)(195)(169)(150)
Operating income:15614513652120132142
Nonoperating income
(Other Nonoperating income)
8465554
Interest and debt expense(71)(75)(77)(83)(89)(92)(82)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1052(1)(1)85(10)(27)
Income (loss) from continuing operations before equity method investments, income taxes:1987665(26)1213537
Income from equity method investments2331002
Income (loss) from continuing operations before income taxes:2007868(25)1213539
Income tax expense (benefit)00(1)(0)(0)(0)(2)
Income (loss) from continuing operations:2007966(25)1213537
Income from discontinued operations    0056
Income (loss) before gain (loss) on sale of properties:2007966(25)1213593
Gain on sale of properties, net of applicable income taxes 2104168119
Other undisclosed net loss (2)     
Net income:20079761618945102
Net loss attributable to noncontrolling interest(3)(2)(3)(1)(7)(2)(4)
Other undisclosed net loss attributable to parent(5)(4)(4)(4)(4)(3)(4)
Net income attributable to parent:1927270111784094
Preferred stock dividends and other adjustments  (13)(14)(14)(18)(23)
Other undisclosed net loss available to common stockholders, basic(1)      
Net income (loss) available to common stockholders, basic:1917257(3)1642371
Dilutive securities, effect on basic earnings per share0      
Other undisclosed net income (loss) available to common stockholders, diluted0(0)(0)(0)6  
Net income (loss) available to common stockholders, diluted:1917257(3)1702371

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:20079761618945102
Other comprehensive income (loss)(26)(3)41(1)(5)10
Comprehensive income:17476801718740111
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(6)(6)(4)(11)(5)8
Other undisclosed comprehensive loss, net of tax, attributable to parent      (17)
Comprehensive income, net of tax, attributable to parent:16670741317735103

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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