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HIGHWOODS PPTYS   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Rental and other revenues768.01736.90735.98720.04702.74665.63604.67555.87505.01485.05
Interest and other income--------------------
Equity in earnings of unconsolidated affiliates--------------------
Total Revenues------720.04702.74665.63604.67555.87505.01485.05
Rental property and other expenses236.44231.83248.51242.42236.89231.09215.94205.88184.19176.74
Depreciation and amortization259.26241.59254.50229.96227.83220.14201.92180.64162.94146.36
General and administrative40.5541.0344.0740.0139.6538.1537.6435.2636.3837.38
Impairments of real estate assets0.00(1.78)(5.85)(0.42)(1.45)0.000.00(0.59)0.000.00
Interest expense85.8580.9681.6571.4269.11----------
Interest expense: Contractual----------73.1482.2582.2988.8492.84
Interest expense: Amortization of deferred financing costs----------3.513.653.083.803.69
Interest expense: Financing obligations------------0.16(0.24)(0.75)(0.41)
Impairment of assets held for use--------------------
Gain on disposition and impairment of depreciable assets, net--------------------
Gain from property insurance settlement--------------------
Gains on disposition of property174.06215.9039.5237.6454.1614.8111.4444.350.000.00
Gains on disposition of investment in unconsolidated affiliates------------4.160.000.00--
Gain on extinguishment of co-venture obligation--------------------
Gains on for-sale residential condominiums--------------------
Equity in earnings of unconsolidated affiliates1.954.013.282.247.405.795.081.832.26--
Interest and other income----------2.341.972.743.517.35
Settlement of bankruptcy claim--------------------
Loss on debt extinguishments----------0.00(0.24)(0.31)(0.20)(0.97)
Cost of unsuccessful transactions--------------------
Gains on for-sale residential condominiums------------------0.44
Other income/(loss)1.39(1.71)(2.51)1.942.28----------
Income before income taxes--------------------
Minority interest in the Operating Partnership--------------------
Gain on acquisition of controlling interest in unconsolidated affiliate----------------(7.45)--
Equity in earnings of unconsolidated affiliates------------------5.04
Gains and impairments on disposition of property, net--------------------
Co-venture expense--------------------
Income from continuing operations----------122.5585.5296.9942.6440.31
Income from discontinued operations--------------------
Discontinued operations: Income from discontinued operations----------4.1015.7418.6026.8614.47
Discontinued operations: Gains on sales and impairments of discontinued operations, net of minority interest, including----------414.500.000.3863.7929.46
Discontinued operations: Release of FASB FIN 48 tax liability--------------------
Discontinued operations: Impairments of real estate assets held for sale----------------(2.19)--
Income Before Extraordinary Income & Accounting Change--------------------
Extraordinary item - loss on early extinguishment of debt--------------------
Consolidated net income (loss)323.31357.91141.68177.63191.66541.14101.26115.97131.1084.24
Net (income) attributable to noncontrolling interests in consolidated affiliates1.711.171.211.211.241.251.261.470.950.79
Net (income) attributable to noncontrolling interests in the Operating Partnership8.329.343.554.595.0615.602.923.544.693.85
Dividends on preferred stock2.492.492.492.492.492.502.512.512.512.51
Excess of preferred stock redemption/repurchase cost over carrying value--------------------
Net income (loss) available to common shareholders310.79344.91134.43169.34182.87521.7994.57108.46122.9577.09
Net income available for common stockholders (diluted)----------537.3997.49112.00127.64--
Earnings Per Share (Basic) - Cont Ops----------1.170.841.000.440.47
Earnings Per Share (Basic) - Disc Ops----------4.130.160.201.000.55
Extraordinary item - loss on early extinguishment of debt--------------------
Net Earnings Per Share (Basic)2.983.321.301.641.785.301.001.201.441.02
Earnings Per Share (Diluted) - Cont Ops----------1.170.840.990.440.47
Earnings Per Share (Diluted) - Disc Ops----------4.130.160.201.000.55
Extraordinary item - loss on early extinguishment of debt--------------------
Net Earnings Per Share (Diluted)2.983.321.301.641.785.301.001.191.441.02
Weighted Average Shares Outstanding (Basic)104.23103.88103.69103.44102.6898.4494.4090.7485.3475.81
Weighted Average Shares Outstanding (Diluted)107.06106.71106.45106.27105.59101.4097.4193.8088.8479.68
Funds from operations (FFO)413.31382.07354.77366.16357.50332.31299.71271.74249.90215.35