2024 Q1 Form 10-K Financial Statement

#000080364924000025 Filed on February 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $15.19M $15.15M $60.52M
YoY Change -2.48% -4.06% -4.14%
Cost Of Revenue $6.534M $6.542M $27.46M
YoY Change -9.95% -6.36% 13.55%
Gross Profit $8.656M $8.604M $33.06M
YoY Change 4.04% -2.24% -15.13%
Gross Profit Margin 56.98% 56.81% 54.63%
Selling, General & Admin $8.323M $7.504M $36.97M
YoY Change -2.71% 5.14% 21.71%
% of Gross Profit 96.15% 87.22% 111.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.626M $3.514M $17.44M
YoY Change -15.87% -11.33% -2.06%
% of Gross Profit 41.89% 40.84% 52.76%
Operating Expenses $12.68M $11.69M $54.42M
YoY Change -1.44% -0.71% 12.93%
Operating Profit -$4.024M -$3.084M -$21.36M
YoY Change -11.46% 3.84% 131.33%
Interest Expense $29.51M $29.67M $114.7M
YoY Change 4.0% 22.28%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $25.49M $26.59M $93.31M
YoY Change 6.95% 24.82% 146.79%
Income Tax $30.00K -$40.00K $1.866M
% Of Pretax Income 0.12% -0.15% 2.0%
Net Earnings $23.41M $24.55M $91.16M
YoY Change 3.19% 30.06% 144.65%
Net Earnings / Revenue 154.1% 162.1% 150.62%
Basic Earnings Per Share
Diluted Earnings Per Share $0.22 $0.23 $0.75
COMMON SHARES
Basic Shares Outstanding 107.0M shares 106.7M shares 108.8M shares
Diluted Shares Outstanding 108.2M shares 110.2M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.171B $2.161B $2.161B
YoY Change 1.98% -16.33% -16.33%
Cash & Equivalents $2.171B $2.200B $2.161B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $16.59M $15.74M $15.74M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.187B $2.176B $2.176B
YoY Change 2.01% -16.24% -16.24%
LONG-TERM ASSETS
Property, Plant & Equipment $235.3M $231.4M $231.4M
YoY Change -0.63% -3.03% -3.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $252.3M $248.8M $248.8M
YoY Change -1.09% -3.07% -3.07%
TOTAL ASSETS
Total Short-Term Assets $2.187B $2.176B $2.176B
Total Long-Term Assets $252.3M $248.8M $248.8M
Total Assets $2.440B $2.425B $2.425B
YoY Change 1.68% -15.06% -15.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.83M $27.30M $27.30M
YoY Change 6.06% 5.26% 5.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.19M $32.94M $32.94M
YoY Change -11.83% 14.38% 14.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.166M $1.990M $1.990M
YoY Change -23.06% -15.5% -15.5%
Total Long-Term Liabilities $2.166M $1.990M $1.990M
YoY Change -23.06% -15.5% -15.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.19M $32.94M $32.94M
Total Long-Term Liabilities $2.166M $1.990M $1.990M
Total Liabilities $31.33M $34.93M $39.97M
YoY Change 3.58% 12.12% 4.22%
SHAREHOLDERS EQUITY
Retained Earnings $3.952B $3.927B
YoY Change 2.43% 2.38%
Common Stock $3.937B $3.937B
YoY Change -1.03% -1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.408B $2.385B $2.385B
YoY Change
Total Liabilities & Shareholders Equity $2.440B $2.425B $2.425B
YoY Change 1.68% -15.06% -15.06%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $23.41M $24.55M $91.16M
YoY Change 3.19% 30.06% 144.65%
Depreciation, Depletion And Amortization $3.626M $3.514M $17.44M
YoY Change -15.87% -11.33% -2.06%
Cash From Operating Activities $22.44M $35.87M $122.3M
YoY Change -2.88% 9.83% 87.99%
INVESTING ACTIVITIES
Capital Expenditures $5.055M $1.091M $5.691M
YoY Change 330.21% 181.19% 59.1%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$5.055M -$1.091M -$5.691M
YoY Change 330.21% 186.35% 63.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $60.20M
YoY Change -62.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.089M -1.964M -$538.3M
YoY Change -98.51% -98.62% 92.01%
NET CHANGE
Cash From Operating Activities 22.44M 35.87M $122.3M
Cash From Investing Activities -5.055M -1.091M -$5.691M
Cash From Financing Activities -7.089M -1.964M -$538.3M
Net Change In Cash 10.30M 32.81M -$421.7M
YoY Change -102.27% -129.79% 92.75%
FREE CASH FLOW
Cash From Operating Activities $22.44M $35.87M $122.3M
Capital Expenditures $5.055M $1.091M $5.691M
Free Cash Flow $17.39M $34.78M $116.6M
YoY Change -20.72% 7.77% 89.67%

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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-410000 usd
CY2023 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-365000 usd
CY2022 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-1631000 usd
CY2021 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
1058000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
122268000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65040000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16109000 usd
CY2023 eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
5691000 usd
CY2022 eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
3577000 usd
CY2021 eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
6803000 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
97000 usd
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5691000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3480000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6803000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
60198000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
159870000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
181488000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2023 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
468232000 usd
CY2022 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
112199000 usd
CY2021 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
6024000 usd
CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7988000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7988000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7988000 usd
CY2023 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1846000 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
280000 usd
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
33000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-538264000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-280336000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-195533000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-421687000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-218776000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-186227000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2582222000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2800998000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2987225000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2160535000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2582222000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2800998000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1946000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
456000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
246000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2881000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
934000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
509000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5640000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2863000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2365000 usd
CY2023 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2572000 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2021 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2200000000 usd
CY2023Q4 eqc Ownership Percentage Held In Subsidiary
OwnershipPercentageHeldInSubsidiary
1
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 eqc Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
200000 sqft
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:8pt;margin-top:8pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Reclassifications have been made to the prior years' financial statements and notes to conform to the current year's presentation.</span></div>
CY2023 eqc Deferred Tax Assets Minimum Percentage Of Probability Of Realization Of Largest Amount Of Tax Benefit
DeferredTaxAssetsMinimumPercentageOfProbabilityOfRealizationOfLargestAmountOfTaxBenefit
0.50
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these financial statements and related notes. The actual results could differ from these estimates.</span></div>
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
6300000 usd
CY2023 eqc Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
9600000 usd
CY2023Q4 eqc Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations
13100000 usd
CY2023 eqc Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
0 property
CY2022 eqc Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
0 property
CY2021 eqc Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
0 property
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
34544000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
32955000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
30033000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
25066000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
20031000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
46434000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
189063000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
36008000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
37846000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
36461000 usd
CY2021 us-gaap Variable Lease Income
VariableLeaseIncome
18466000 usd
CY2021 us-gaap Lease Income
LeaseIncome
54927000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
21356000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
22034000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
10540000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
11320000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
10816000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
10714000 usd
CY2023Q4 eqc Capital Lease Incentives Gross Properties Heldand Usedin Operations
CapitalLeaseIncentivesGrossPropertiesHeldandUsedinOperations
3471000 usd
CY2022Q4 eqc Capital Lease Incentives Gross Properties Heldand Usedin Operations
CapitalLeaseIncentivesGrossPropertiesHeldandUsedinOperations
3352000 usd
CY2023Q4 eqc Accumulated Amortizationof Capital Lease Incentives Properties Heldand Usedin Operations
AccumulatedAmortizationofCapitalLeaseIncentivesPropertiesHeldandUsedinOperations
2278000 usd
CY2022Q4 eqc Accumulated Amortizationof Capital Lease Incentives Properties Heldand Usedin Operations
AccumulatedAmortizationofCapitalLeaseIncentivesPropertiesHeldandUsedinOperations
1873000 usd
CY2023Q4 eqc Capital Lease Incentives Net Properties Heldand Usedin Operations
CapitalLeaseIncentivesNetPropertiesHeldandUsedinOperations
1193000 usd
CY2022Q4 eqc Capital Lease Incentives Net Properties Heldand Usedin Operations
CapitalLeaseIncentivesNetPropertiesHeldandUsedinOperations
1479000 usd
CY2023Q4 eqc Capital Lease Incentives Future Amortization Expense Year Two
CapitalLeaseIncentivesFutureAmortizationExpenseYearTwo
222000 usd
CY2023Q4 eqc Deferred Charges Future Amortization Expense Year Three
DeferredChargesFutureAmortizationExpenseYearThree
1811000 usd
CY2023Q4 eqc Deferred Charges Future Amortization Expense Year One
DeferredChargesFutureAmortizationExpenseYearOne
2548000 usd
CY2023Q4 eqc Capital Lease Incentives Future Amortization Expense Year One
CapitalLeaseIncentivesFutureAmortizationExpenseYearOne
283000 usd
CY2023Q4 eqc Deferred Charges Future Amortization Expense Year Two
DeferredChargesFutureAmortizationExpenseYearTwo
1833000 usd
CY2023Q4 eqc Capital Lease Incentives Future Amortization Expense Year Three
CapitalLeaseIncentivesFutureAmortizationExpenseYearThree
216000 usd
CY2023Q4 eqc Deferred Charges Future Amortization Expense Year Four
DeferredChargesFutureAmortizationExpenseYearFour
1411000 usd
CY2023Q4 eqc Capital Lease Incentives Future Amortization Expense Year Four
CapitalLeaseIncentivesFutureAmortizationExpenseYearFour
170000 usd
CY2023Q4 eqc Deferred Charges Future Amortization Expense Year Five
DeferredChargesFutureAmortizationExpenseYearFive
1098000 usd
CY2023Q4 eqc Capital Lease Incentives Future Amortization Expense Year Five
CapitalLeaseIncentivesFutureAmortizationExpenseYearFive
107000 usd
CY2023Q4 eqc Deferred Charges Future Amortization Expense After Year Five
DeferredChargesFutureAmortizationExpenseAfterYearFive
2115000 usd
CY2023Q4 eqc Capital Lease Incentives Future Amortization Expense After Year Five
CapitalLeaseIncentivesFutureAmortizationExpenseAfterYearFive
195000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
10816000 usd
CY2023Q4 eqc Capital Lease Incentives Net Properties Heldand Usedin Operations
CapitalLeaseIncentivesNetPropertiesHeldandUsedinOperations
1193000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.00
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.00
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.25
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
4.25
CY2023Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
468300000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.00
CY2022Q4 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
111000000 usd
CY2023Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1800000 usd
CY2022Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1500000 usd
CY2021Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
6000000 usd
CY2023 eqc Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.6391
CY2022 eqc Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.9907
CY2021 eqc Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0
CY2023 eqc Common Stock Dividends Returnof Capital Distribution Percentage
CommonStockDividendsReturnofCapitalDistributionPercentage
0.3609
CY2022 eqc Common Stock Dividends Returnof Capital Distribution Percentage
CommonStockDividendsReturnofCapitalDistributionPercentage
0.0093
CY2021 eqc Common Stock Dividends Returnof Capital Distribution Percentage
CommonStockDividendsReturnofCapitalDistributionPercentage
0
CY2023 eqc Common Stock Dividends Capital Gain Distribution Percentage
CommonStockDividendsCapitalGainDistributionPercentage
0
CY2022 eqc Common Stock Dividends Capital Gain Distribution Percentage
CommonStockDividendsCapitalGainDistributionPercentage
0
CY2021 eqc Common Stock Dividends Capital Gain Distribution Percentage
CommonStockDividendsCapitalGainDistributionPercentage
0
CY2023 eqc Common Stock Dividends Depreciation Recapture Gain Percentage
CommonStockDividendsDepreciationRecaptureGainPercentage
0
CY2022 eqc Common Stock Dividends Depreciation Recapture Gain Percentage
CommonStockDividendsDepreciationRecaptureGainPercentage
0
CY2021 eqc Common Stock Dividends Depreciation Recapture Gain Percentage
CommonStockDividendsDepreciationRecaptureGainPercentage
0
CY2023 eqc Common Stock Dividends Distribution Percentage
CommonStockDividendsDistributionPercentage
1.0000
CY2022 eqc Common Stock Dividends Distribution Percentage
CommonStockDividendsDistributionPercentage
1.0000
CY2021 eqc Common Stock Dividends Distribution Percentage
CommonStockDividendsDistributionPercentage
0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
4915196 shares
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0650
CY2023 eqc Preferred Stock Dividends Ordinary Income Distribution Percentage
PreferredStockDividendsOrdinaryIncomeDistributionPercentage
1.0000
CY2022 eqc Preferred Stock Dividends Ordinary Income Distribution Percentage
PreferredStockDividendsOrdinaryIncomeDistributionPercentage
1.0000
CY2021 eqc Preferred Stock Dividends Ordinary Income Distribution Percentage
PreferredStockDividendsOrdinaryIncomeDistributionPercentage
0
CY2023 eqc Preferred Stock Dividends Return Of Capital Distribution Percentage
PreferredStockDividendsReturnOfCapitalDistributionPercentage
0
CY2022 eqc Preferred Stock Dividends Return Of Capital Distribution Percentage
PreferredStockDividendsReturnOfCapitalDistributionPercentage
0
CY2021 eqc Preferred Stock Dividends Return Of Capital Distribution Percentage
PreferredStockDividendsReturnOfCapitalDistributionPercentage
1.0000
CY2023 eqc Preferred Stock Dividends Capital Gain Distribution Percentage
PreferredStockDividendsCapitalGainDistributionPercentage
0
CY2022 eqc Preferred Stock Dividends Capital Gain Distribution Percentage
PreferredStockDividendsCapitalGainDistributionPercentage
0
CY2021 eqc Preferred Stock Dividends Capital Gain Distribution Percentage
PreferredStockDividendsCapitalGainDistributionPercentage
0
CY2023 eqc Preferred Stock Dividends Depreciation Recapture Gain Percentage
PreferredStockDividendsDepreciationRecaptureGainPercentage
0
CY2022 eqc Preferred Stock Dividends Depreciation Recapture Gain Percentage
PreferredStockDividendsDepreciationRecaptureGainPercentage
0
CY2021 eqc Preferred Stock Dividends Depreciation Recapture Gain Percentage
PreferredStockDividendsDepreciationRecaptureGainPercentage
0
CY2023 eqc Preferred Stock Dividends Distribution Percentage
PreferredStockDividendsDistributionPercentage
1.000
CY2022 eqc Preferred Stock Dividends Distribution Percentage
PreferredStockDividendsDistributionPercentage
1.000
CY2021 eqc Preferred Stock Dividends Distribution Percentage
PreferredStockDividendsDistributionPercentage
1.0000
CY2023 eqc Common Stock Conversion Term
CommonStockConversionTerm
P6M
CY2023 eqc Common Stock Basis For Conversion
CommonStockBasisForConversion
1
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
50000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
103000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
120000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1816000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
350000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1866000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
453000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
120000 usd
CY2023 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
100000 usd
CY2022 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 usd
CY2021 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
100000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2023 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.2100
CY2023 eqc Effective Income Tax Rate Reconciliation Federal Taxon Builtin Gains
EffectiveIncomeTaxRateReconciliationFederalTaxonBuiltinGains
0.0195
CY2022 eqc Effective Income Tax Rate Reconciliation Federal Taxon Builtin Gains
EffectiveIncomeTaxRateReconciliationFederalTaxonBuiltinGains
0.0093
CY2021 eqc Effective Income Tax Rate Reconciliation Federal Taxon Builtin Gains
EffectiveIncomeTaxRateReconciliationFederalTaxonBuiltinGains
0
CY2023 eqc Effective Income Tax Rate Reconciliation State Localand Foreign Income Taxes
EffectiveIncomeTaxRateReconciliationStateLocalandForeignIncomeTaxes
0.0005
CY2022 eqc Effective Income Tax Rate Reconciliation State Localand Foreign Income Taxes
EffectiveIncomeTaxRateReconciliationStateLocalandForeignIncomeTaxes
0.0027
CY2021 eqc Effective Income Tax Rate Reconciliation State Localand Foreign Income Taxes
EffectiveIncomeTaxRateReconciliationStateLocalandForeignIncomeTaxes
-0.0074
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0200
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0120
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0074
CY2023Q4 eqc Taxable Gain
TaxableGain
200000000 usd
CY2022Q4 eqc Taxable Gain
TaxableGain
82000000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
29000000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
29000000 usd
CY2023Q4 eqc Tax Credit Carryforward Expiring In Year Fifteen
TaxCreditCarryforwardExpiringInYearFifteen
18000000 usd
CY2023Q4 eqc Tax Credit Carryforward No Expiration Date
TaxCreditCarryforwardNoExpirationDate
11000000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1650000 shares
CY2023Q2 eqc Numberof Trustees In Boardof Trustees
NumberofTrusteesInBoardofTrustees
6 trustee
CY2022Q2 eqc Numberof Trustees In Boardof Trustees
NumberofTrusteesInBoardofTrustees
6 trustee
CY2021Q2 eqc Numberof Trustees In Boardof Trustees
NumberofTrusteesInBoardofTrustees
6 trustee
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
5200000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
400000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
3500000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2073350 shares
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0 usd
CY2023Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
0 usd
CY2023 us-gaap Profit Loss
ProfitLoss
91445000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
37357000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-16429000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
281000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
94000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-33000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7988000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7988000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7988000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
83176000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29275000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-24384000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
91445000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
37357000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-16429000 usd
CY2023 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
281000 usd
CY2022 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
94000 usd
CY2021 eqc Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
-33000 usd
CY2023 us-gaap Dilutive Securities
DilutiveSecurities
-7988000 usd
CY2022 us-gaap Dilutive Securities
DilutiveSecurities
-7988000 usd
CY2021 us-gaap Dilutive Securities
DilutiveSecurities
-7988000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
83176000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29275000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-24384000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108841000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111674000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
121411000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110185000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112825000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121411000 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.76
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.26
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.20
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.75
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.26
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.20
CY2023 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
127000 shares
CY2022 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
105000 shares
CY2021 eqc Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
256000 shares
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
44060000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
272927000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
112792000 usd
CY2023Q4 eqc Sec Schedule Iii Real Estateand Accumulated Depreciation Carrying Amountof Impairment
SECScheduleIIIRealEstateandAccumulatedDepreciationCarryingAmountofImpairment
17892000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
44060000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
367827000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
411887000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
180535000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
143319000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
15054000 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
1934000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
156439000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
15072000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
1981000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
169530000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
14879000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
3874000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
180535000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
545860000 usd

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