Corporate Office Properties Trust (OFC) financial statements (2022 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)

12/31/2021
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 investments13181581221060
Cash and cash equivalents13181581221060
Total current assets:13181581221060
Noncurrent Assets
Finance lease, right-of-use asset24042
Operating lease, right-of-use asset3841 
Property, plant and equipment10   556
Long-term investments and receivables4029524025262
Long-term investments4029524025262
Intangible assets, net (including goodwill)15192743597898
Intangible assets, net (excluding goodwill)15192743597898
Deferred costs3334191811
Total noncurrent assets:10713312487108127117
Other undisclosed assets4,1423,9263,7163,5613,4583,4443,732
TOTAL ASSETS:4,2624,0773,8543,6563,5783,7813,909
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,5782,3582,1062,0032,1042,1632,274
Total liabilities:2,5782,3582,1062,0032,1042,1632,274
Temporary equity, carrying amount27252926232319
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6231,6611,6791,5851,3861,5231,545
Common stock1111111
Additional paid in capital2,4822,4792,4822,4312,2012,1172,005
Accumulated other comprehensive income (loss)(3)(9)(25)(0)2(2)(3)
Other undisclosed stockholders' equity attributable to parent(857)(810)(778)(847)(818)(593)(458)
Stockholders' equity attributable to noncontrolling interest34334042667272
Total stockholders' equity:1,6571,6941,7191,6271,4521,5951,617
TOTAL LIABILITIES AND EQUITY:4,2624,0773,8543,6563,5783,7813,909

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
Revenues664609641578613574625
Revenue, net1,019466527
Operating lease, lease income554536522
Operating leases, income statement, lease revenue408
Cost of revenue(388)(306)(312)(265)(297)(251)(311)
Cost of goods and services sold(104)(68)(110)(58)(291)(243)(297)
Gross profit:277303329313316323315
Operating expenses(108)(143)(173)(168)(180)(271)(195)
Operating income:16916115614513652120
Nonoperating income (expense)8(15)84655
Investment income, nonoperating (24)     
Other nonoperating income8984655
Interest and debt expense(166)(75)(71)(75)(77)(83)(89)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes67311052(1)(1)85
Income (loss) from continuing operations before equity method investments, income taxes:771011987665(26)121
Income from equity method investments1223310
Income (loss) from continuing operations before income taxes:781032007868(25)121
Income tax expense (benefit)(0)(0)00(1)(0)(0)
Income (loss) from continuing operations:781032007966(25)121
Income from discontinued operations3     0
Income (loss) before gain (loss) on sale of properties:821032007966(25)121
Gain on sale of properties, net of applicable income taxes   2104168
Other undisclosed net loss   (2)   
Net income:82103200797616189
Net loss attributable to noncontrolling interest(4)(1)(3)(2)(3)(1)(7)
Other undisclosed net loss attributable to parent (4)(5)(4)(4)(4)(4)
Net income attributable to parent:7797192727011178
Preferred stock dividends and other adjustments    (13)(14)(14)
Other undisclosed net loss available to common stockholders, basic (0)(1)    
Net income (loss) available to common stockholders, basic:77971917257(3)164
Dilutive securities, effect on basic earnings per share000    
Other undisclosed net income (loss) available to common stockholders, diluted(1) 0(0)(0)(0)6
Net income (loss) available to common stockholders, diluted:76971917257(3)170

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:82103200797616189
Other comprehensive income (loss)616(26)(3)41(1)
Comprehensive income:88119174768017187
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(5)(8)(6)(6)(4)(11)
Comprehensive income, net of tax, attributable to parent:83114166707413177

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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