Kilroy realty corporation (KRC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
REVENUES
Total revenues

837,454

747,298

719,001

642,572

581,275

521,725

457,111

373,318

310,424

254,994

264,804

289,355

EXPENSES
Real estate taxes

78,097

70,820

66,449

55,206

50,223

45,197

39,417

31,562

26,981

23,474

23,175

22,063

Provision for bad debts (Notes 2 and 20)

0

5,700

3,269

0

545

58

396

153

695

65

423

4,051

Ground leases (Note 9)

8,113

6,176

6,337

3,439

3,096

3,075

3,504

3,168

1,565

984

1,597

1,617

General and administrative expenses

88,139

90,471

60,581

57,029

48,265

46,152

39,660

36,188

28,148

27,963

39,938

38,260

Leasing costs

7,615

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Acquisition Related Costs

-

-

-

-

497

1,479

1,962

4,937

4,053

2,248

0

-

Depreciation and amortization

273,130

254,281

245,886

217,234

204,294

202,417

188,887

150,521

115,630

90,836

84,290

83,215

Total expenses

615,131

561,220

512,493

448,742

412,298

398,892

367,941

300,527

240,794

196,739

196,862

198,067

OTHER (EXPENSES) INCOME
Interest income and other net investment (loss) gain (Note 10)

4,641

-559

5,503

1,764

243

561

1,635

848

571

964

1,300

-93

Interest expense (Note 3)

48,537

49,721

66,040

55,803

57,682

67,571

75,870

79,114

85,785

55,082

46,119

45,346

Gain (Loss) on Extinguishment of Debt

0

-12,623

-5,312

0

0

-

-

-

-

-4,564

4,909

-

INCOME FROM OPERATIONS BEFORE GAINS ON SALES OF REAL ESTATE

-

-

-

-

111,538

55,823

14,935

-5,475

-

-

-

-

Gains (Losses) on Sales of Investment Real Estate

0

11,825

449

-295

17,116

3,490

0

0

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment

36,800

142,900

39,500

164,302

109,950

0

0

-

-

-

-

-

Total other (expenses) income

-7,094

91,848

-25,893

109,968

-57,439

-67,010

-74,235

-78,266

-85,214

-58,682

-39,910

-45,439

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

59,313

14,935

-5,475

-15,584

-427

28,032

45,849

Income from discontinued operations

-

-

-

-

-

2,573

17,378

23,331

31,486

19,364

7,498

828

Net gain on dispositions of discontinued operations

-

-

-

-

-

121,922

12,252

259,245

51,587

949

2,485

234

Total income from discontinued operations

-

-

-

-

-

124,495

29,630

282,576

83,073

20,313

9,983

1,062

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

215,229

277,926

180,615

303,798

238,604

183,808

44,565

277,101

67,489

19,886

38,015

46,911

Net income attributable to noncontrolling common units of the Operating Partnership

-

-

-

-

4,339

3,589

685

6,187

1,474

-

-

-

Net income attributable to noncontrolling interests in consolidated property partnerships

-

-

-

-

184

0

0

-

-

178

1,025

1,886

Total income attributable to noncontrolling interests

19,786

19,511

16,003

10,010

4,523

3,589

685

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION / KILROY REALTY, L.P.

195,443

258,415

164,612

293,788

234,081

180,219

43,880

270,914

66,015

19,708

36,990

45,025

Distributions to noncontrolling cumulative redeemable preferred units of the Operating Partnership (Note 9)

-

-

-

-

-

-

-

3,541

5,588

5,588

5,588

5,588

Redeemable Preferred Stock Dividends

0

0

5,774

13,250

13,250

13,250

13,250

10,567

9,608

9,608

9,608

9,608

Preferred Stock Redemption Premium

0

0

7,589

0

0

-

-

6,980

0

0

-

-

Preferred Stock Dividends and Other Adjustments

0

0

13,363

13,250

13,250

-

-

21,088

15,196

15,196

15,196

15,196

NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS)

195,443

258,415

151,249

280,538

220,831

166,969

30,630

249,826

50,819

4,512

21,794

29,829

Income (loss) from continuing operations available to common stockholders per share (dollars per share)

-

-

-

-

-

0.52

0.00

-0.40

-0.55

-0.33

0.28

0.88

Income (loss) from continuing operations available to common stockholders per share (dollars per share)

-

-

-

-

-

0.51

0.00

-0.40

-0.55

-0.33

0.28

0.88

Earnings Per Share, Basic

1.87

2.56

1.52

3.00

2.44

1.99

0.37

3.56

0.87

0.07

0.53

0.91

Earnings Per Share, Diluted

1.86

2.55

1.51

2.97

2.42

1.95

0.37

3.56

0.87

0.07

0.53

0.91

Weighted Average Number of Shares Outstanding, Basic

103,200

99,972

98,113

92,342

89,854

83,090

77,343

69,639

56,717

49,497

38,705

32,466

Weighted Average Number of Shares Outstanding, Diluted

103,849

100,482

98,727

93,023

90,395

84,967

77,343

69,639

56,717

49,497

38,732

32,540

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

1.40

1.40

1.63

2.32

Kilroy Realty L.P. [Member]
Total revenues

837,454

747,298

719,001

642,572

-

-

-

-

-

-

-

-

Real estate taxes

78,097

70,820

66,449

55,206

-

-

-

-

-

-

-

-

Provision for bad debts (Notes 2 and 20)

0

5,685

3,269

0

-

-

-

-

-

-

-

-

Ground leases (Note 9)

8,113

6,176

6,337

3,439

-

-

-

-

-

-

-

-

General and administrative expenses

88,139

90,471

60,581

57,029

-

-

-

-

-

-

-

-

Leasing costs

7,615

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Acquisition Related Costs

-

-

-

1,902

-

-

-

-

-

-

-

-

Depreciation and amortization

273,130

254,281

245,886

217,234

-

-

-

-

-

-

-

-

Total expenses

615,131

561,220

512,493

448,742

-

-

-

-

-

-

-

-

Interest income and other net investment (loss) gain (Note 10)

4,641

-559

5,503

1,764

-

-

-

-

-

-

-

-

Interest expense (Note 3)

48,537

49,721

66,040

55,803

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

-12,623

-5,312

0

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Investment Real Estate

0

11,825

449

-295

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment

36,802

142,926

39,507

164,302

-

-

-

-

-

-

-

-

Total other (expenses) income

-7,094

91,848

-25,893

109,968

-

-

-

-

-

-

-

-

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

215,229

277,926

180,615

303,798

-

-

-

-

-

-

-

-

Total income attributable to noncontrolling interests

16,491

14,716

13,175

3,735

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION / KILROY REALTY, L.P.

198,738

263,210

167,440

300,063

-

-

-

-

-

-

-

-

Redeemable Preferred Stock Dividends

0

0

5,774

13,250

-

-

-

-

-

-

-

-

Preferred Stock Redemption Premium

0

0

-

0

-

-

-

-

-

-

-

-

Preferred Stock Dividends and Other Adjustments

0

0

13,363

13,250

-

-

-

-

-

-

-

-

NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS)

198,738

263,210

154,077

286,813

-

-

-

-

-

-

-

-

Earnings Per Share, Basic

1.87

2.56

1.52

2.99

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

1.86

2.55

1.51

2.96

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

105,223

102,025

100,246

94,771

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

105,872

102,535

100,860

95,452

-

-

-

-

-

-

-

-

Rental income [Member]
Revenues

826,472

656,631

633,896

574,413

525,355

466,328

411,899

342,164

287,078

235,304

234,391

251,520

Tenant reimbursements [Member]
Revenues

0

80,982

76,559

61,079

53,774

46,717

38,047

29,667

20,957

17,996

26,703

30,986

Other property income [Member]
Revenues

10,982

9,685

8,546

7,080

2,146

8,680

7,165

1,487

2,389

1,694

3,710

6,849

Property [Member]
Property expenses (Note 2)

160,037

133,787

129,971

113,932

105,378

100,514

94,115

73,998

63,722

51,169

47,439

48,861