EQUITY COMMONWEALTH EQC Income Statement

Equity commonwealth (EQC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Rental revenue
95,122	116,869	133,215	152,990	167,985	184,368	0	0	0	-	-	-	379,388	409,071	437,599	470,336	512,298	570,382	630,164	678,921	687,631	691,699	689,704	686,396	724,002	763,262	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
104,918	127,850	144,780	164,918	180,186	197,022	0	0	0	-	-	-	492,779	500,680	98,469	110,308	126,673	144,509	158,601	167,231	170,021	170,158	173,373	174,287	183,675	189,767	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expenses:
Operating expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
-	-	52,216	62,550	-	79,916	95,051	107,174	124,937	141,425	153,493	170,426	184,535	200,706	221,784	246,042	284,335	324,948	355,286	381,107	384,122	387,982	393,284	396,242	407,646	410,045	415,983	405,638	404,567	397,673	303,980	316,658	304,247	297,408	342,759	321,099	311,828	302,901	333,726	337,391	0	0	0
Depreciation and amortization
24,651	28,122	32,915	38,263	43,723	49,041	56,949	66,795	77,696	90,708	101,010	109,061	122,470	131,806	139,909	151,247	167,553	194,001	215,697	232,388	238,582	227,532	220,601	219,853	223,481	234,402	241,973	237,861	234,835	230,284	183,395	187,431	177,392	171,662	213,285	199,690	194,529	187,680	181,509	188,319	0	0	0
General and administrative
36,950	38,442	39,125	41,507	43,196	44,439	47,499	48,283	49,021	47,760	47,217	48,805	49,022	50,256	52,505	55,477	54,211	57,457	60,478	91,679	104,865	113,155	113,445	91,737	88,689	80,504	76,070	62,893	54,439	49,312	40,642	39,769	38,798	38,221	42,439	40,451	38,381	36,672	38,115	38,207	0	0	0
Loss on asset impairment
-	-	13	13	-	12,100	12,073	12,073	30,501	19,700	34,454	34,454	59,762	58,476	43,736	43,736	15,258	17,162	184,307	184,307	191,732	185,067	142,175	0	0	-	0	-	-	-	-	-	-	-	0	-	-	-	-	0	-	-	-
Acquisition related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-14	-450	-305	318	983	2,485	3,774	5,648	5,011	8,750	9,674	9,731	28,303	25,057	23,802	21,553	4,511	3,441	0	0	0
Total expenses
101,000	112,982	124,256	142,320	158,016	185,483	211,586	234,339	282,169	299,607	336,174	362,746	415,789	441,244	457,934	496,502	521,357	593,568	815,768	889,481	919,301	913,741	745,238	849,557	839,003	849,522	859,262	708,877	697,615	682,917	526,817	555,644	533,147	520,058	644,491	594,755	598,489	578,755	579,352	588,849	0	0	0
Operating income
-	-	-	-	-	-	-	-	-	-	36,320	46,582	47,307	59,436	78,134	84,142	117,614	121,323	-27,003	-43,329	-61,649	-51,884	117,839	11,126	68,674	103,507	120,849	283,835	282,706	278,170	264,108	250,264	240,902	221,286	162,697	163,707	137,852	141,992	210,635	220,856	0	0	0
Interest and other income, net
66,512	72,392	73,612	66,837	58,810	46,815	39,467	34,437	27,788	26,380	21,134	16,551	12,736	10,331	8,360	5,984	4,508	5,989	5,303	5,072	4,625	1,561	1,369	1,190	1,158	1,229	1,297	1,469	1,580	1,410	1,311	1,232	1,239	1,662	1,430	1,681	1,761	2,171	2,467	2,259	0	0	0
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $(56) and $165, respectively)
5,011	8,908	13,632	18,396	20,676	26,585	32,346	38,771	47,284	52,183	60,642	70,559	76,996	84,329	89,464	93,148	99,821	107,316	115,077	125,211	135,137	143,230	149,638	153,629	159,050	173,011	186,428	197,928	204,845	202,055	196,918	195,605	193,568	191,876	190,963	185,732	182,191	179,642	175,502	175,577	0	0	0
Loss on early extinguishment of debt
-	-	-7,119	-7,119	-	-7,122	-6,630	-6,833	-5,360	-493	-2,828	-2,625	-2,562	-2,680	432	-3,455	6,971	6,661	4,321	14,907	4,481	4,909	6,674	-25	-25	-60,052	-58,419	-58,639	-60,247	-287	-1,585	0	0	-	0	-	-	-	0	-	-	-	0
Gain on sale of equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	66,293	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on issuance of shares by an equity investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,020	17,020	0	0	-	0	-	-	-	-	-	-	-	0	-	-	34,808	0	0	0	-	-
Foreign Currency Transaction Gain (Loss), before Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-5	91	-9,718	-8,862	-8,857	-8,953	856	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before gain on sale of properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300,532	-62,060	-70,391	-79,845	95,960	93,659	0	-	0	0	-	-	0	0	-	-	-
Gain on sale of properties, net
648,755	422,172	420,540	439,472	239,243	251,417	223,853	228,056	204,255	15,498	70,346	127,435	230,674	250,886	266,678	224,302	115,219	84,421	42,953	3,160	5,868	0	0	0	0	1,596	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Income before income taxes
707,800	494,150	493,951	503,418	297,292	276,064	238,478	239,195	196,838	30,166	64,330	117,384	211,159	233,639	264,231	208,107	135,629	102,221	-98,616	27,049	6,660	-63	166,581	-122,755	-87,538	-60,438	-57,817	96,489	89,775	84,484	66,526	65,523	59,894	42,214	15,254	27,084	4,245	27,389	81,212	85,591	0	0	0
Income tax expense
24	1,284	1,659	2,245	1,449	3,156	2,561	2,831	3,332	500	835	725	845	745	452	250	3,000	2,364	3,402	4,082	2,075	3,191	2,273	2,355	2,201	2,634	3,828	4,365	3,703	3,207	2,510	1,495	1,493	1,347	964	623	714	550	505	729	0	0	0
Net income
707,776	492,866	492,292	501,173	295,843	272,908	235,917	236,364	193,506	29,666	63,495	116,659	210,314	232,894	0	0	0	-	-	-	-	-	-	-	-	-177,060	-298,936	-60,464	-68,795	-79,845	82,298	88,568	87,946	109,984	0	0	0	-	-	0	0	0	0
Net loss on sale of properties from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22,162	5,048	5,398	0	-	0	0	-	42,752	46,141	0	0	-	0	-	-	0	0
Net income attributable to noncontrolling interest
855	186	185	188	111	95	82	81	65	10	18	6	8	0	0	0	0	-	-	-	-	-	-	-	-	20,093	25,607	30,146	24,639	15,576	0	0	0	-	-	-	-	-	-	-	-	-	-
Equity in earnings of investees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,460	35,301	44,721	32,426	25,754	17,678	10,054	12,724	11,420	11,642	11,542	11,623	11,377	10,211	9,442	8,837	8,464	9,600	8,462	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,206	251,559	-39,698	-37,801	-37,318	-103,927	28,222	24,846	20,584	6,122	14,698	16,915	5,259	0	0	0	-	-	-	-	-	-
Discontinued operations:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,389	12,881	12,881	10,410	6,393	3,023	3,702	-1,258	-4,341	11,006	11,952	17,307	22,307	27,667	32,620	34,080	36,029	15,835	12,332	0	0	0
Loss on asset impairment from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,238	3,745	96,694	99,211	102,869	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net income attributable to Equity Commonwealth
706,921	492,680	492,107	500,985	295,732	272,813	235,835	236,283	193,441	29,656	63,477	116,653	210,306	232,894	263,779	207,857	132,629	99,857	-101,849	24,425	17,194	24,012	197,365	-175,690	-162,186	-156,967	-324,543	-90,610	-93,434	-95,421	72,236	83,153	87,052	109,984	160,921	0	0	-	0	-	-	-	-
Preferred distributions
7,988	7,988	7,988	7,988	7,988	7,988	7,988	7,988	7,988	7,988	7,988	7,988	12,972	17,956	22,940	27,924	27,924	27,924	27,924	27,924	27,925	32,095	36,265	40,435	44,604	44,604	44,604	46,208	48,880	51,552	54,224	55,292	51,969	46,985	42,894	41,738	43,905	47,733	50,668	50,668	0	0	0
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess fair value of consideration over carrying value of preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Equity Commonwealth common shareholders
698,933	484,692	484,119	492,997	287,744	264,825	227,847	228,295	185,453	21,668	55,489	108,665	187,725	205,329	231,230	170,324	104,705	71,933	-129,773	-3,499	-26,936	-24,288	124,802	-252,423	-226,883	-221,664	-369,147	-141,803	-147,299	-151,958	13,027	27,861	35,083	62,999	68,600	107,031	94,898	81,755	134,636	128,442	0	0	0
Amounts attributable to Equity Commonwealth common shareholders:
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27,094	93,593	-179,424	-133,161	-102,015	-35,312	107,965	101,754	92,697	75,393	75,405	69,778	52,244	14,290	26,461	3,531	26,839	0	0	0	0	0
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,389	12,881	12,881	10,410	6,393	3,023	3,702	-1,258	-4,341	11,006	11,952	17,307	22,307	27,667	32,620	34,080	36,029	15,835	12,332	0	0	0
Loss on asset impairment from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,238	3,745	96,694	99,211	102,869	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net (loss) gain on sale of properties from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,048	5,398	0	-	0	0	-	42,752	46,141	0	0	-	0	-	-	0	0
Numerator for net income (loss) per share - basic
698,933	484,692	484,119	492,997	287,744	264,825	227,847	228,295	185,453	21,668	129,617	169,656	0	-	0	0	-	-	-	-	-	-	124,802	-252,423	-226,883	-221,664	-369,147	-141,803	-147,299	-151,958	13,027	27,861	35,083	62,999	68,600	107,031	94,898	81,755	134,636	128,442	0	0	0
Weighted average common shares outstanding — basic (in shares)
122,148	122,142	122,140	122,122	121,960	121,722	121,845	121,822	123,867	124,297	124,089	124,067	124,047	125,015	125,533	125,508	125,840	126,316	128,739	129,733	129,696	129,560	128,880	123,812	118,400	-	118,328	-	-	-	-	-	-	-	-	72,144	72,139	-	65,173	64,595	56,732	55,932	55,924
Weighted average common shares outstanding — diluted (in shares)
126,605	129,792	123,564	125,862	125,822	120,943	122,851	122,649	127,097	126,124	125,175	124,067	125,150	126,045	126,568	126,937	127,522	127,459	129,878	130,537	129,874	127,197	131,243	123,812	118,400	-	118,328	-	-	-	-	-	-	-	-	72,144	79,437	-	72,471	71,893	64,030	63,230	63,222
Earnings per common share attributable to Equity Commonwealth common shareholders:
Earnings per common share attributable to Equity Commonwealth common shareholders:
Basic (in dollars per share)
3.46	0.11	0.18	1.97	1.71	0.13	0.25	0.29	1.50	-0.20	0.25	-0.06	0.18	0.09	0.67	0.57	0.31	0.29	0.18	0.04	0.05	-	1.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.14	0.42
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.93	0.42
Net income (loss) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	1.06	0.84
Diluted (in dollars per share)
3.35	0.12	0.18	1.93	1.67	0.13	0.25	0.29	1.48	-0.19	0.25	-0.06	0.17	0.08	0.67	0.56	0.31	0.29	0.18	0.04	0.05	-	1.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.14	0.42
Distributed Earnings
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	0.03	-0.24	-0.78	-0.01	-0.03	-2.01	0.03	-0.04	-0.04	0.10	0.11	0.03	0.51	0.86	0.17	0.05	0.07	0.93	0.42
Net income (loss) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.29	1.16	-0.14	0.08	-0.27	-1.92	0.07	0.15	-1.95	-0.01	0.03	0.12	-0.02	0.18	0.13	0.52	0.05	0.82	-0.04	0.43	1.06	0.84
Weighted average number of common shares outstanding - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118,309	94,154	83,806	83,745	83,727	83,722	-	81,536	-	-	-	-	-	-	-	-
Income (loss) from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.13	0.05	-	-1.14	0.07	0.18	0.07	-0.03	0.06	0.15	-0.12	0.07	0.10	0.02	-	0.65	-0.10	-	-	-
Distributions declared per common share (in dollars per share)
-	-	3.50	-	-	-	2.50	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.25	-	0.25	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other revenue
Other revenue
9,796	10,981	11,565	11,928	12,201	12,654	-243,307	-168,612	-80,080	16,156	372,494	409,328	463,096	-	536,068	580,644	638,971	714,891	788,765	846,152	857,652	861,857	863,077	860,683	907,677	953,029	980,111	992,712	980,321	961,087	790,925	805,908	774,049	741,344	807,188	758,462	736,341	720,747	789,987	809,705	0	0	0