KILROY REALTY CORPORATION KRC Balance Sheet

Kilroy realty corporation (KRC)

Balance Sheet / Yearly

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	Dec'09
ASSETS
REAL ESTATE ASSETS:
Land and improvements
1,506	1,466	1,315	1,284	1,184	1,160	1,127	1,127	1,127	1,076	1,076	1,108	1,108	1,108	1,017	1,020	978	875	850	839	838	877	757	675	679	657	612	635	637	612	562	576	576	537	537	528	498	491	432	434	335
Buildings and improvements
5,997	5,866	5,770	5,712	5,300	5,207	5,056	5,017	4,987	4,908	4,871	4,983	4,962	4,938	4,669	4,639	4,501	4,091	4,028	3,906	3,880	4,059	3,882	3,720	3,706	3,590	3,527	3,652	3,631	3,335	3,169	3,137	2,970	2,830	2,881	2,820	2,470	2,435	2,245	2,247	1,920
Undeveloped land and construction in progress
2,318	2,296	1,892	1,827	2,131	2,058	2,146	1,993	1,530	1,432	1,292	1,183	1,087	1,013	945	894	1,018	1,361	1,475	1,363	1,265	1,120	1,112	1,270	1,047	1,016	907	808	747	809	668	557	446	430	328	303	296	290	286	271	263
Total real estate assets held for investment
9,822	9,628	8,977	8,824	8,616	8,426	8,329	8,138	7,645	7,417	7,239	7,276	7,159	7,060	6,632	6,553	6,498	6,328	6,354	6,109	5,985	6,057	5,751	5,667	5,434	5,264	5,048	5,096	5,016	4,757	4,399	4,271	3,993	3,798	3,748	3,652	3,266	3,216	2,964	2,953	2,520
Accumulated depreciation and amortization
1,622	1,561	1,505	1,480	1,441	1,391	1,411	1,361	1,312	1,264	1,216	1,234	1,186	1,139	1,095	1,054	1,034	994	999	960	921	947	912	885	854	818	781	815	790	756	725	801	770	742	732	720	695	672	652	644	605
Total real estate assets held for investment, net
8,199	8,067	7,472	7,343	7,174	7,035	6,918	6,776	6,333	6,153	6,023	6,042	5,973	5,920	5,537	5,498	5,464	5,333	5,354	5,148	5,064	5,110	4,838	4,781	4,579	4,445	4,266	4,280	4,225	4,000	3,673	3,470	3,222	3,056	3,016	2,931	2,570	2,544	2,311	2,309	1,914
Disposal Group, Including Discontinued Operation, Assets
-	-	77	-	-	-	-	-	-	-	0	0	0	9	9	30	0	117	0	81	190	8	49	0	28	213	239	-	-	0	166	0	0	84	-	-	-	0	-	-	-
Cash and Cash Equivalents, at Carrying Value
762	60	297	52	49	51	86	50	53	57	64	387	478	193	250	26	38	56	567	28	50	23	200	24	95	35	197	107	135	16	16	18	374	4	15	25	6	14	8	29	9
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
-	-	-	-	-	-	-	-	-	-	-	-	485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Cash and Cash Equivalents
16	16	6	6	6	119	0	0	0	9	179	8	7	56	57	266	261	0	8	7	8	75	17	93	33	49	17	19	19	247	5	0	43	0	25	1	1	1	3	3	2
MARKETABLE SECURITIES (Note 10)
19	27	26	25	24	21	23	22	21	20	18	16	15	14	14	13	13	12	12	13	13	11	12	11	11	10	9	8	8	7	6	6	6	5	5	5	5	4	4	4	3
CURRENT RECEIVABLES, NET
16	26	34	27	28	20	17	15	17	16	18	13	13	13	9	10	9	11	11	8	8	7	6	10	11	10	11	10	10	9	7	7	6	8	6	4	4	6	4	3	3
DEFERRED RENT RECEIVABLES, NET
352	337	314	297	280	267	261	256	251	246	238	233	225	218	212	207	199	189	183	176	168	156	139	134	130	127	121	124	122	115	110	110	106	101	103	97	93	89	83	79	74
NOTE RECEIVABLE (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10	10
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET
204	212	202	203	187	197	183	186	181	183	185	195	202	208	180	186	186	176	173	174	182	201	183	178	188	186	190	188	196	189	187	168	158	155	155	153	129	131	96	98	51
Operating Lease, Right-of-Use Asset
96	96	83	82	82	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEFERRED FINANCING COSTS, NET (Notes 2 and 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	16	17	18	19	16	15	16	17	19	20	18	18	18	19	18	19	18	15	16	14	10	8
Prepaid Expense and Other Assets
67	55	109	55	50	52	72	76	107	114	108	98	77	70	60	58	31	27	23	31	22	20	20	21	21	15	17	16	16	9	24	46	21	12	19	25	13	8	8	7	6
Assets
9,735	8,900	8,623	8,094	7,883	7,765	7,562	7,384	6,965	6,802	6,838	6,995	6,993	6,706	6,332	6,298	6,204	5,926	6,353	5,686	5,725	5,633	5,487	5,273	5,114	5,111	5,089	4,775	4,755	4,616	4,215	3,847	3,959	3,446	3,367	3,264	2,841	2,816	2,535	2,556	2,084
LIABILITIES AND EQUITY
LIABILITIES:
Secured debt, net (Notes 3 and 10)
257	258	259	259	259	335	336	338	339	300	465	467	469	472	370	373	378	380	475	479	516	546	549	553	556	560	563	569	570	561	520	381	350	351	473	475	446	313	315	316	294
Exchangeable senior notes, net (Notes 6, 7 and 16)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135	170	169	168	167	166	165	163	162	161	308	306	305	303	301	299	298	296	436
Unsecured debt, net (Notes 3, 10 and 15)
3,050	3,049	3,048	2,553	2,552	2,552	2,207	2,156	2,155	2,006	1,909	2,097	2,096	1,847	1,846	1,845	1,845	1,844	2,181	1,783	1,783	1,783	1,743	1,431	1,431	1,431	1,431	1,430	1,430	1,130	1,130	1,130	1,130	980	980	655	655	655	330	391	144
Long-term Line of Credit
380	245	0	375	185	45	330	295	50	0	60	-	-	-	-	220	75	-	0	100	130	140	0	90	0	45	0	0	0	185	27	102	0	182	0	245	57	159	205	150	97
Accounts payable, accrued expenses and other liabilities
417	418	439	385	373	374	360	278	223	249	271	219	215	202	252	211	265	246	249	199	217	225	243	215	187	198	210	184	171	154	127	98	92	81	93	66	78	68	66	57	52
Operating Lease, Liability
98	98	87	87	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued dividends and distributions (Note 15)
57	53	53	50	47	47	47	47	43	43	43	44	38	222	37	37	35	34	34	33	33	32	31	31	31	31	31	29	29	28	28	25	26	22	22	22	20	20	20	20	17
Deferred revenue and acquisition-related intangible liabilities, net
130	139	134	136	138	149	149	146	149	145	145	148	153	150	134	138	131	128	127	123	128	132	114	114	107	101	102	117	118	117	120	108	90	79	95	90	78	79	68	71	66
Rents received in advance and tenant security deposits
65	66	57	59	55	60	56	58	56	56	46	55	53	52	48	44	48	49	46	47	46	49	45	43	43	44	41	39	37	37	31	31	30	26	29	28	26	29	23	25	18
Disposal Group, Including Discontinued Operation, Liabilities
-	-	4	-	-	-	-	-	-	-	0	0	0	0	0	0	0	7	0	7	9	0	3	0	0	14	16	-	-	0	4	0	0	13	-	-	-	0	-	-	-
7.80% Series E and 7.50% Series F Cumulative Redeemable Preferred stock, called for redemption (Note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126	-	-	-	-	-	-	-	-
Liabilities
4,457	4,329	4,084	3,907	3,700	3,564	3,487	3,320	3,018	2,842	2,942	3,032	3,027	2,947	2,690	2,871	2,779	2,691	3,116	2,773	2,866	2,909	2,867	2,650	2,528	2,594	2,565	2,537	2,522	2,380	2,154	2,040	2,155	2,045	1,999	1,887	1,665	1,625	1,328	1,330	1,126
COMMITMENTS AND CONTINGENCIES (Note 9)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
EQUITY:
Stockholders’ Equity (Note 4):
7.45% Series A Cumulative Redeemable Preferred units of the Operating Partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	73	73	73	73	73	73	73	73	73	73
Redeemable Preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Common stock, $.01 par value, 150,000,000 shares authorized, 115,067,924 and 106,016,287 shares issued and outstanding, respectively
1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
5,067	4,350	4,342	3,984	3,976	3,976	3,965	3,951	3,816	3,822	3,797	3,792	3,782	3,457	3,191	3,074	3,066	3,047	3,042	2,791	2,761	2,635	2,530	2,519	2,479	2,478	2,476	2,170	2,149	2,126	2,114	1,856	1,827	1,448	1,435	1,433	1,214	1,211	1,209	1,208	913
Distributions in excess of earnings
-76	-58	-78	-70	-62	-48	-161	-149	-130	-122	-108	-132	-120	-107	78	62	67	-70	62	131	154	162	159	145	143	210	201	177	157	129	288	259	234	277	296	285	264	247	230	211	180
Total stockholders’ equity
4,992	4,293	4,264	3,915	3,914	3,929	3,804	3,802	3,686	3,700	3,689	3,756	3,759	3,542	3,463	3,330	3,328	3,170	3,172	2,852	2,800	2,666	2,563	2,566	2,529	2,461	2,468	2,186	2,185	2,189	2,019	1,693	1,690	1,293	1,261	1,270	1,071	1,086	1,101	1,119	854
Noncontrolling Interests (Notes 1 and 5):
Common units of the Operating Partnership
87	81	81	78	78	78	76	78	77	77	77	77	77	85	93	89	89	57	57	54	53	51	51	51	51	49	50	-	-	46	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest in Variable Interest Entity
197	195	193	192	190	192	193	182	183	181	128	128	129	130	85	6	6	6	6	6	5	5	5	4	4	4	4	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Total noncontrolling interests
285	277	274	271	268	271	270	260	260	259	206	206	206	216	178	96	96	63	64	60	59	57	56	56	56	54	55	52	47	46	42	39	39	33	33	33	30	31	31	32	28
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
5,277	4,570	4,539	4,186	4,183	4,201	4,074	4,063	3,947	3,960	3,895	3,962	3,966	3,759	3,641	3,426	3,424	3,234	3,237	2,913	2,859	2,723	2,620	2,623	2,585	2,516	2,524	2,238	2,232	2,235	2,061	1,733	1,729	1,327	1,294	1,303	1,102	1,117	1,133	1,152	883
TOTAL LIABILITIES AND EQUITY (CAPITAL)
9,735	8,900	8,623	8,094	7,883	7,765	7,562	7,384	6,965	6,802	6,838	6,995	6,993	6,706	6,332	6,298	6,204	5,926	6,353	5,686	5,725	5,633	5,487	5,273	5,114	5,111	5,089	4,775	4,755	4,616	4,215	3,847	3,959	3,446	3,367	3,264	2,841	2,816	2,535	2,556	2,084
Kilroy Realty L.P. [Member]
Land and improvements
1,506	1,466	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buildings and improvements
5,997	5,866	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Undeveloped land and construction in progress
2,318	2,296	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total real estate assets held for investment
9,822	9,628	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated depreciation and amortization
1,622	1,561	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total real estate assets held for investment, net
8,199	8,067	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, at Carrying Value
762	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Cash and Cash Equivalents
16	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
MARKETABLE SECURITIES (Note 10)
19	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CURRENT RECEIVABLES, NET
16	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEFERRED RENT RECEIVABLES, NET
352	337	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET
204	212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Right-of-Use Asset
96	96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid Expense and Other Assets
67	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
9,735	8,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured debt, net (Notes 3 and 10)
257	258	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured debt, net (Notes 3, 10 and 15)
3,050	3,049	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Line of Credit
380	245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
417	418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Liability
98	98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued dividends and distributions (Note 15)
57	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue and acquisition-related intangible liabilities, net
130	139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rents received in advance and tenant security deposits
65	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
4,457	4,329	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common units, 115,067,924 and 106,016,287 held by the general partner and 2,021,287 and 2,023,287 held by common limited partners issued and outstanding, respectively (Note 6)
5,074	4,369	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests in consolidated property partnerships and subsidiaries (Note 1)
203	201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
5,277	4,570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES AND EQUITY (CAPITAL)
9,735	8,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-