Highwoods properties, inc. (HIW)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenues

735,979

720,035

702,737

665,634

604,671

555,871

505,008

485,046

431,956

440,836

448,018

445,268

Operating expenses:
Rental property and other expenses

248,511

242,415

236,888

231,085

215,941

205,884

184,187

176,744

157,306

155,771

162,025

159,984

Depreciation, Depletion and Amortization, Nonproduction

254,504

229,955

227,832

220,140

201,918

180,637

162,937

146,357

127,499

130,232

129,652

122,835

Impairment of Long-Lived Assets Held-for-use

5,849

423

1,445

0

0

588

0

0

-

0

2,554

3,407

General and Administrative Expense

44,067

40,006

39,648

38,153

37,642

35,258

36,381

37,377

35,727

32,948

36,682

38,043

Total operating expenses

552,931

512,799

505,813

489,378

455,501

422,367

383,505

360,478

320,532

318,951

330,913

324,269

Interest expense:
Contractual

-

-

-

73,142

82,245

82,287

88,838

92,838

91,458

87,409

81,982

92,858

Amortization of debt issuance costs

-

-

-

3,506

3,645

3,082

3,802

3,685

3,312

3,385

2,760

2,716

Financing obligation

-

-

-

-

162

-242

-754

-409

740

2,157

2,063

2,918

Interest Expense

81,648

71,422

69,105

76,648

86,052

85,127

91,886

96,114

95,510

92,951

86,805

98,492

Other income:
Interest and other income

-

-

-

2,338

1,969

2,739

3,511

7,353

7,387

6,362

8,262

3,825

Gain (Loss) on Extinguishment of Debt

-

-

-

0

-243

-308

-199

-973

-24

-705

1,287

0

Other income/(loss)

-2,510

1,940

2,283

2,338

1,726

2,431

3,312

6,380

7,363

5,657

9,549

3,825

Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates

-

-

-

101,946

64,844

50,808

32,929

34,834

23,277

34,591

39,849

26,332

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

39,517

37,638

54,157

14,807

11,444

44,352

-3

0

764

74

266

781

Gain on disposition of investment in unconsolidated affiliate

-

-

-

-

4,155

0

0

-

2,282

25,330

0

0

Gains on for-sale residential condominiums

-

-

-

-

-

-

-

444

-316

276

922

5,617

Gain on acquisition of controlling interest in unconsolidated affiliate

-

-

-

-

-

-

7,451

0

0

-

-

-

Equity in earnings of unconsolidated affiliates

3,276

2,238

7,404

5,793

5,078

1,827

2,264

5,035

4,878

3,821

5,421

5,878

Income from continuing operations

-

-

-

122,546

85,521

96,987

42,641

40,313

30,885

64,092

46,458

38,608

Discontinued operations:
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax

-

-

-

4,097

15,739

18,601

26,858

14,467

16,942

8,297

-6,230

-21,483

Impairments of real estate assets

-

-

-

-

-

-

2,194

0

2,429

-

-

-

Net gains on disposition of discontinued operations

-

-

-

414,496

0

384

63,792

29,455

2,573

-86

21,466

18,485

Total income from discontinued operations

-

-

-

418,593

15,739

18,985

88,456

43,922

17,086

8,211

15,236

-2,998

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

141,683

177,630

191,663

541,139

101,260

115,972

131,097

84,235

47,971

72,303

61,694

35,610

Net (income) attributable to noncontrolling interests in the Operating Partnership

3,551

4,588

5,059

15,596

2,918

3,542

4,691

3,854

2,091

3,320

3,197

1,577

Net (income) attributable to noncontrolling interests in consolidated affiliates

1,214

1,207

1,239

1,253

1,264

1,466

949

786

755

485

11

2,041

Dividends on Preferred Stock

2,488

2,492

2,492

2,501

2,506

2,507

2,508

2,508

4,553

6,708

6,708

9,804

Excess of Preferred Stock redemption/repurchase cost over carrying value

-

-

-

-

-

-

-

-

1,895

0

0

108

Net Income (Loss) Available to Common Stockholders, Basic

134,430

169,343

182,873

521,789

94,572

108,457

122,949

77,087

38,677

61,790

51,778

22,080

Earnings per Common Share – basic:
Income from continuing operations available for common stockholders (in dollars per share)

-

-

-

1.17

0.84

1.00

0.44

0.47

0.31

0.75

0.55

0.42

Income from discontinued operations available for common stockholders (in dollars per share)

-

-

-

4.13

0.16

0.20

1.00

0.55

0.23

0.11

0.21

-0.05

Net income available for common stockholders (in dollars per share)

1.30

1.64

1.78

5.30

1.00

1.20

1.44

1.02

0.54

0.86

0.76

0.37

Weighted average Common Shares outstanding - basic (in shares)

103,692

103,439

102,682

98,439

94,404

90,743

85,335

75,811

72,281

71,578

67,971

59,320

Earnings per Common Share - diluted:
Income from continuing operations available for common stockholders (in dollars per share)

-

-

-

1.17

0.84

0.99

0.44

0.47

0.31

0.75

0.55

0.42

Income from discontinued operations available for common stockholders (in dollars per share)

-

-

-

4.13

0.16

0.20

1.00

0.55

0.23

0.11

0.21

-0.05

Net income available for common stockholders (in dollars per share)

1.30

1.64

1.78

5.30

1.00

1.19

1.44

1.02

0.54

0.86

0.76

0.37

Weighted average Common Shares outstanding - diluted (in shares)

106,445

106,268

105,594

101,398

97,406

93,800

88,836

79,678

76,189

75,578

72,079

63,492

Income from continuing operations available for common stockholders

-

-

-

115,461

79,308

90,069

37,890

35,252

22,443

53,994

37,400

24,889

Income from discontinued operations available for common stockholders

-

-

-

406,328

15,264

18,388

85,059

41,835

16,234

7,796

14,378

-2,809

Net Income (Loss) Available to Common Stockholders, Basic

134,430

169,343

182,873

521,789

94,572

108,457

122,949

77,087

38,677

61,790

51,778

22,080

Highwoods Realty Limited Partnership [Member]
Revenues

735,979

720,035

702,737

665,634

-

-

-

-

-

-

-

-

Rental property and other expenses

248,511

242,415

236,888

231,085

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

254,504

229,955

227,832

220,140

-

-

-

-

-

-

-

-

Impairment of Long-Lived Assets Held-for-use

5,849

423

1,445

0

-

-

-

-

-

-

-

-

General and Administrative Expense

44,067

40,006

39,648

38,153

-

-

-

-

-

-

-

-

Total operating expenses

552,931

512,799

505,813

489,378

-

-

-

-

-

-

-

-

Contractual

-

-

-

73,142

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

3,506

-

-

-

-

-

-

-

-

Interest Expense

81,648

71,422

69,105

76,648

-

-

-

-

-

-

-

-

Interest and other income

-

-

-

2,338

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

0

-

-

-

-

-

-

-

-

Other income/(loss)

-2,510

1,940

2,283

2,338

-

-

-

-

-

-

-

-

Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates

-

-

-

101,946

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

39,517

37,638

54,157

14,807

-

-

-

-

-

-

-

-

Equity in earnings of unconsolidated affiliates

3,276

2,238

7,404

5,793

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

122,546

-

-

-

-

-

-

-

-

Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax

-

-

-

4,097

-

-

-

-

-

-

-

-

Net gains on disposition of discontinued operations

-

-

-

414,496

-

-

-

-

-

-

-

-

Total income from discontinued operations

-

-

-

418,593

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

141,683

177,630

191,663

541,139

-

-

-

-

-

-

-

-

Net (income) attributable to noncontrolling interests in consolidated affiliates

1,214

1,207

1,239

1,253

-

-

-

-

-

-

-

-

Distributions on Preferred Units

2,488

2,492

2,492

2,501

-

-

-

-

-

-

-

-

Net income available for common unitholders

137,981

173,931

187,932

537,385

-

-

-

-

-

-

-

-

Income from continuing operations available for common unitholders (in dollars per share)

-

-

-

1.18

-

-

-

-

-

-

-

-

Income from discontinued operations available for common unitholders (in dollars per share)

-

-

-

4.15

-

-

-

-

-

-

-

-

Net income available for common unitholders (in dollars per share)

1.30

1.64

1.79

5.33

-

-

-

-

-

-

-

-

Weighted average Common Units outstanding - basic (in shares)

106,014

105,826

105,106

100,902

-

-

-

-

-

-

-

-

Income from continuing operations available for common unitholders (in dollars per share)

-

-

-

1.18

-

-

-

-

-

-

-

-

Income from discontinued operations available for common unitholders (in dollars per share)

-

-

-

4.14

-

-

-

-

-

-

-

-

Net income available for common unitholders (in dollars per share)

1.30

1.64

1.79

5.32

-

-

-

-

-

-

-

-

Weighted average Common Units outstanding - diluted (in shares)

106,036

105,859

105,185

100,989

-

-

-

-

-

-

-

-

Income from continuing operations available for common unitholders

-

-

-

118,792

-

-

-

-

-

-

-

-

Total income from discontinued operations

-

-

-

418,593

-

-

-

-

-

-

-

-

Net Income Loss Available To Common Unitholders Basic

137,981

173,931

187,932

537,385

-

-

-

-

-

-

-

-