2018 Q1 Form 10-Q Financial Statement

#000080364918000016 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $58.59M $99.55M
YoY Change -41.15% -27.41%
Cost Of Revenue $24.60M $41.10M
YoY Change -40.15% -28.27%
Gross Profit $34.00M $58.50M
YoY Change -41.88% -26.78%
Gross Profit Margin 58.03% 58.76%
Selling, General & Admin $13.30M $12.10M
YoY Change 9.92% -9.02%
% of Gross Profit 39.12% 20.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.90M $26.92M
YoY Change -48.34% -25.75%
% of Gross Profit 40.89% 46.01%
Operating Expenses $24.60M $39.00M
YoY Change -36.93% -21.21%
Operating Profit -$5.340M $18.19M
YoY Change -129.36% -40.01%
Interest Expense $10.12M $15.01M
YoY Change -32.63% -32.81%
% of Operating Profit 82.56%
Other Income/Expense, Net
YoY Change
Pretax Income $190.7M $24.00M
YoY Change 694.55% -48.37%
Income Tax $3.007M $175.0K
% Of Pretax Income 1.58% 0.73%
Net Earnings $187.6M $23.81M
YoY Change 687.77% -48.68%
Net Earnings / Revenue 320.2% 23.92%
Basic Earnings Per Share $1.50 $0.18
Diluted Earnings Per Share $1.48 $0.17
COMMON SHARES
Basic Shares Outstanding 123.9M shares 124.0M shares
Diluted Shares Outstanding 127.1M shares 125.2M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.838B $1.889B
YoY Change 50.26% 8.4%
Cash & Equivalents $2.838B $1.889B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $55.90M $152.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.894B $2.041B
YoY Change 41.8% 6.35%
LONG-TERM ASSETS
Property, Plant & Equipment $867.4M $1.960B
YoY Change -55.74% -32.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $247.9M $275.6M
YoY Change -10.05%
Other Assets $45.90M $70.60M
YoY Change -34.99% 24.96%
Total Long-Term Assets $1.244B $2.478B
YoY Change -49.81% -22.18%
TOTAL ASSETS
Total Short-Term Assets $2.894B $2.041B
Total Long-Term Assets $1.244B $2.478B
Total Assets $4.137B $4.519B
YoY Change -8.44% -11.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.00M $62.50M
YoY Change -32.8% -48.3%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $46.40M $69.50M
YoY Change -33.24% -46.78%
LONG-TERM LIABILITIES
Long-Term Debt $678.5M $1.142B
YoY Change -40.57% -26.72%
Other Long-Term Liabilities $10.90M $21.10M
YoY Change -48.34% -22.99%
Total Long-Term Liabilities $689.4M $1.163B
YoY Change -40.71% -26.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.40M $69.50M
Total Long-Term Liabilities $689.4M $1.163B
Total Liabilities $735.8M $1.232B
YoY Change -40.28% -28.18%
SHAREHOLDERS EQUITY
Retained Earnings $2.786B $2.590B
YoY Change 7.54% 8.84%
Common Stock $4.297B $4.368B
YoY Change -1.64% -0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.400B $3.285B
YoY Change
Total Liabilities & Shareholders Equity $4.137B $4.519B
YoY Change -8.44% -11.45%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $187.6M $23.81M
YoY Change 687.77% -48.68%
Depreciation, Depletion And Amortization $13.90M $26.92M
YoY Change -48.34% -25.75%
Cash From Operating Activities -$371.0K -$4.001M
YoY Change -90.73% -117.41%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $751.6M -$200.9M
YoY Change -474.12% -325.98%
Cash From Investing Activities $751.6M -$200.0M
YoY Change -475.83% -324.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $89.91M $209.0K
YoY Change 42919.14% -99.18%
Debt Paid & Issued, Net $175.3M $348.0K
YoY Change 50263.51% -99.75%
Cash From Financing Activities -$267.2M -$2.524M
YoY Change 10485.26% -98.54%
NET CHANGE
Cash From Operating Activities -$371.0K -$4.001M
Cash From Investing Activities $751.6M -$200.0M
Cash From Financing Activities -$267.2M -$2.524M
Net Change In Cash $484.1M -$206.5M
YoY Change -334.4% 240.82%
FREE CASH FLOW
Cash From Operating Activities -$371.0K -$4.001M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q1 dei Amendment Flag
AmendmentFlag
false
CY2018Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2018Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018Q1 dei Document Period End Date
DocumentPeriodEndDate
2018-03-31
CY2018Q1 dei Document Type
DocumentType
10-Q
CY2018Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000803649
CY2018Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
124457073 shares
CY2018Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2018Q1 dei Entity Registrant Name
EntityRegistrantName
Equity Commonwealth
CY2017Q1 eqc Amortization Of Financing Costs And Discounts Continuing Operations
AmortizationOfFinancingCostsAndDiscountsContinuingOperations
713000 USD
CY2018Q1 eqc Amortization Of Financing Costs And Discounts Continuing Operations
AmortizationOfFinancingCostsAndDiscountsContinuingOperations
801000 USD
CY2017Q1 eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
19889000 USD
CY2018Q1 eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
12761000 USD
CY2017Q1 eqc Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
4266000 USD
CY2018Q1 eqc Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
-103000 USD
CY2018Q1 eqc Common Stock Conversion Basis Shares
CommonStockConversionBasisShares
1 shares
CY2018Q1 eqc Common Stock Conversion Term
CommonStockConversionTerm
P6M
CY2017Q4 eqc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
3111868000 USD
CY2018Q1 eqc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
3111868000 USD
CY2018Q1 eqc Tenant Reimbursements And Other Real Estate Revenue
TenantReimbursementsAndOtherRealEstateRevenue
15039000 USD
CY2017Q1 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
0 shares
CY2017Q4 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
685748000 USD
CY2018Q1 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
687745000 USD
CY2017Q1 eqc Gain Loss On Sale Of Properties And Gain Loss On Disposal Of Discontinued Operation Net Of Tax
GainLossOnSaleOfPropertiesAndGainLossOnDisposalOfDiscontinuedOperationNetOfTax
16454000 USD
CY2018Q1 eqc Gain Loss On Sale Of Properties And Gain Loss On Disposal Of Discontinued Operation Net Of Tax
GainLossOnSaleOfPropertiesAndGainLossOnDisposalOfDiscontinuedOperationNetOfTax
205211000 USD
CY2017Q1 eqc Gains Losses On Early Extinguishment Of Debt
GainsLossesOnEarlyExtinguishmentOfDebt
0 USD
CY2018Q1 eqc Gains Losses On Early Extinguishment Of Debt
GainsLossesOnEarlyExtinguishmentOfDebt
-4867000 USD
CY2017Q1 eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
18239000 USD
CY2018Q1 eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
11410000 USD
CY2017Q1 eqc Losson Asset Impairment
LossonAssetImpairment
1286000 USD
CY2018Q1 eqc Losson Asset Impairment
LossonAssetImpairment
12087000 USD
CY2018Q1 eqc Percentage Of Real Estate Properties Considered As Office Properties
PercentageOfRealEstatePropertiesConsideredAsOfficeProperties
0.90
CY2017Q1 eqc Tenant Reimbursements And Other Real Estate Revenue
TenantReimbursementsAndOtherRealEstateRevenue
19346000 USD
CY2018Q1 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
307000 shares
CY2017Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
69220000 USD
CY2018Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
42007000 USD
CY2017Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
93436000 USD
CY2018Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
55910000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-95000 USD
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2106000 USD
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4380313000 USD
CY2018Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4295772000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4771000 USD
CY2018Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5137000 USD
CY2017Q1 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
3055000 USD
CY2018Q1 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
1628000 USD
CY2017Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
713000 USD
CY2018Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
801000 USD
CY2017Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2540000 USD
CY2018Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
997000 USD
CY2017Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1286000 USD
CY2018Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
12100000 USD
CY2018Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
12087000 USD
CY2017Q4 us-gaap Assets
Assets
4236945000 USD
CY2018Q1 us-gaap Assets
Assets
4137306000 USD
CY2017Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
276928000 USD
CY2018Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
247879000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1888537000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2351693000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2837671000 USD
CY2018Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
3100000000 USD
CY2017Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1894692000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2360590000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2101206000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2844666000 USD
CY2017Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-206514000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
23020000 USD
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
187490000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
484076000 USD
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
124217616 shares
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
121457073 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
124217616 shares
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
121457073 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
1242000 USD
CY2018Q1 us-gaap Common Stock Value
CommonStockValue
1214000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8000 USD
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
63000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
23028000 USD
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
187553000 USD
CY2017Q1 us-gaap Costs And Expenses
CostsAndExpenses
81366000 USD
CY2018Q1 us-gaap Costs And Expenses
CostsAndExpenses
63928000 USD
CY2017Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5000 USD
CY2018Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2017Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
175000 USD
CY2018Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3007000 USD
CY2017Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
170000 USD
CY2018Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3007000 USD
CY2017Q4 us-gaap Deferred Revenue
DeferredRevenue
11076000 USD
CY2018Q1 us-gaap Deferred Revenue
DeferredRevenue
9225000 USD
CY2017Q1 us-gaap Depreciation
Depreciation
21893000 USD
CY2018Q1 us-gaap Depreciation
Depreciation
11279000 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26915000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13903000 USD
CY2017Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
41087000 USD
CY2018Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
24599000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
97688000 USD
CY2018Q1 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
38882000 USD
CY2017Q1 us-gaap Distributed Earnings
DistributedEarnings
1997000 USD
CY2018Q1 us-gaap Distributed Earnings
DistributedEarnings
0 USD
CY2018Q1 us-gaap Dividends
Dividends
1997000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23847000 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3621000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-4987000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
16454000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
205211000 USD
CY2017Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2018Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4867000 USD
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12078000 USD
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13339000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23997000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
190669000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.18
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.50
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.17
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.48
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
175000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3007000 USD
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
335000 USD
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-24053000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-10139000 USD
CY2017Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
416000 USD
CY2018Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-1786000 USD
CY2017Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
181000 USD
CY2018Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
57000 USD
CY2017Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
4372000 USD
CY2018Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
5780000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
15014000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
10115000 USD
CY2017Q1 us-gaap Interest Paid
InterestPaid
22285000 USD
CY2018Q1 us-gaap Interest Paid
InterestPaid
14631000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1555836000 USD
CY2018Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1100524000 USD
CY2017Q4 us-gaap Land
Land
191775000 USD
CY2018Q1 us-gaap Land
Land
146700000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
936450000 USD
CY2018Q1 us-gaap Liabilities
Liabilities
735827000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4236945000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4137306000 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
1840000 USD
CY2018Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
1153000 USD
CY2018Q1 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-5000000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
1129000 USD
CY2018Q1 us-gaap Minority Interest
MinorityInterest
1189000 USD
CY2018Q1 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.0003
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2524000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-267172000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-199989000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
751619000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4001000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-371000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
23814000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
187599000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
63000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21817000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
185602000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21825000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
187662000 USD
CY2018Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
1902000 USD
CY2018Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
0 USD
CY2018Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2017Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
1001000 USD
CY2018Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
503000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
18185000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-5340000 USD
CY2017Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
80205000 USD
CY2018Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
43549000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
87563000 USD
CY2018Q1 us-gaap Other Assets
OtherAssets
78986000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-159000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-109000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-153000 USD
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
117000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-641000 USD
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-226000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
209000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
89910000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1997000 USD
CY2018Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1997000 USD
CY2017Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
276238000 USD
CY2018Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2017Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 USD
CY2018Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1997000 USD
CY2017Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2000000 USD
CY2018Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1443000 USD
CY2017Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
30000 USD
CY2018Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
18613000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
94138000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
744324000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
23822000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
187662000 USD
CY2017Q1 us-gaap Real Estate Improvements
RealEstateImprovements
14200000 USD
CY2018Q1 us-gaap Real Estate Improvements
RealEstateImprovements
12900000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
450718000 USD
CY2018Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
379862000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1747611000 USD
CY2018Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1247224000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1296893000 USD
CY2018Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
867362000 USD
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
99551000 USD
CY2018Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
58588000 USD
CY2018Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-50000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
348000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
175265000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6155000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8897000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6995000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2596259000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2785760000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
32594000 USD
CY2018Q1 us-gaap Secured Debt
SecuredDebt
32281000 USD
CY2017Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
4735000 USD
CY2018Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
4412000 USD
CY2018Q1 us-gaap Senior Notes
SeniorNotes
250000000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5226000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5338000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
400000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5338000 USD
CY2018Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P12M
CY2018Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
89910000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3299366000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
3400290000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3300495000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3401479000 USD
CY2017Q1 us-gaap Straight Line Rent
StraightLineRent
4387000 USD
CY2018Q1 us-gaap Straight Line Rent
StraightLineRent
1528000 USD
CY2017Q4 us-gaap Unsecured Debt
UnsecuredDebt
815984000 USD
CY2018Q1 us-gaap Unsecured Debt
UnsecuredDebt
646246000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125150000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127097000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124047000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123867000 shares

Files In Submission

Name View Source Status
0000803649-18-000016-index-headers.html Edgar Link pending
0000803649-18-000016-index.html Edgar Link pending
0000803649-18-000016.txt Edgar Link pending
0000803649-18-000016-xbrl.zip Edgar Link pending
eqc-20180331.xml Edgar Link completed
eqc-20180331.xsd Edgar Link pending
eqc-20180331_cal.xml Edgar Link unprocessable
eqc-20180331_def.xml Edgar Link unprocessable
eqc-20180331_lab.xml Edgar Link unprocessable
eqc-20180331_pre.xml Edgar Link unprocessable
eqc3311810-q.htm Edgar Link pending
eqc33118exhibit311.htm Edgar Link pending
eqc33118exhibit312.htm Edgar Link pending
eqc33118exhibit321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending