$EQC
Equity Commonwealth

2014 Q2 Form 10-Q Financial Statement

#000110465914058317 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $215.2M $262.2M
YoY Change -17.92% 20.63%
Cost Of Revenue $92.70M $104.1M
YoY Change -10.95% 36.97%
Gross Profit $122.5M $158.1M
YoY Change -22.51% 7.33%
Gross Profit Margin 56.92% 60.29%
Selling, General & Admin $24.10M $21.00M
YoY Change 14.76% 107.92%
% of Gross Profit 19.67% 13.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.83M $63.46M
YoY Change -5.72% 5.01%
% of Gross Profit 48.84% 40.14%
Operating Expenses $83.90M $84.60M
YoY Change -0.83% 55.51%
Operating Profit $15.88M $73.43M
YoY Change -78.37% 1.56%
Interest Expense $37.90M $43.32M
YoY Change -12.51% -13.77%
% of Operating Profit 238.63% 58.99%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.858M $32.47M
YoY Change -114.96% 37.33%
Income Tax $908.0K $754.0K
% Of Pretax Income 2.32%
Net Earnings $5.385M $18.89M
YoY Change -71.49% 17.58%
Net Earnings / Revenue 2.5% 7.2%
Basic Earnings Per Share -$0.14
Diluted Earnings Per Share -$0.14 $159.8K
COMMON SHARES
Basic Shares Outstanding 123.8M shares 118.3M shares
Diluted Shares Outstanding 123.8M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $428.4M $77.50M
YoY Change 452.77% -44.16%
Cash & Equivalents $420.7M $77.52M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $238.0M $275.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $666.4M $352.5M
YoY Change 89.05% -5.95%
LONG-TERM ASSETS
Property, Plant & Equipment $4.939B $6.889B
YoY Change -28.31% 3.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $531.9M $11.41M
YoY Change 4562.59% -93.67%
Other Assets $22.80M $146.5M
YoY Change -84.44% 924.48%
Total Long-Term Assets $5.927B $7.667B
YoY Change -22.7% 3.28%
TOTAL ASSETS
Total Short-Term Assets $666.4M $352.5M
Total Long-Term Assets $5.927B $7.667B
Total Assets $6.593B $8.020B
YoY Change -17.78% 2.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $138.4M $165.4M
YoY Change -16.32% 4.68%
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 $152.3M $189.4M
YoY Change -19.59% 3.78%
LONG-TERM LIABILITIES
Long-Term Debt $2.987B $3.652B
YoY Change -18.21% -4.36%
Other Long-Term Liabilities $83.60M $106.1M
YoY Change -21.21% -8.61%
Total Long-Term Liabilities $3.070B $3.758B
YoY Change -18.29% -4.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $152.3M $189.4M
Total Long-Term Liabilities $3.070B $3.758B
Total Liabilities $3.222B $3.947B
YoY Change -18.36% -4.12%
SHAREHOLDERS EQUITY
Retained Earnings $2.236B $2.431B
YoY Change -8.05%
Common Stock $4.485B $4.213B
YoY Change 6.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.371B $3.671B
YoY Change
Total Liabilities & Shareholders Equity $6.593B $8.020B
YoY Change -17.78% 2.83%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $5.385M $18.89M
YoY Change -71.49% 17.58%
Depreciation, Depletion And Amortization $59.83M $63.46M
YoY Change -5.72% 5.01%
Cash From Operating Activities $82.60M $93.90M
YoY Change -12.03% -9.28%
INVESTING ACTIVITIES
Capital Expenditures -$15.80M
YoY Change -90.26%
Acquisitions
YoY Change
Other Investing Activities $167.3M $5.300M
YoY Change 3056.6% -127.04%
Cash From Investing Activities $167.3M -$10.40M
YoY Change -1708.65% -94.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.900M -53.60M
YoY Change -96.46% -326.16%
NET CHANGE
Cash From Operating Activities 82.60M 93.90M
Cash From Investing Activities 167.3M -10.40M
Cash From Financing Activities -1.900M -53.60M
Net Change In Cash 248.0M 29.90M
YoY Change 729.43% -154.76%
FREE CASH FLOW
Cash From Operating Activities $82.60M $93.90M
Capital Expenditures -$15.80M
Free Cash Flow $109.7M
YoY Change -58.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 eqc Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2014Q1 eqc Minimum Percentage Of Common Stock Shareholders Consented For The Proposal Contributing Required Threshold
MinimumPercentageOfCommonStockShareholdersConsentedForTheProposalContributingRequiredThreshold
0.6667 pure
us-gaap Real Estate Improvements
RealEstateImprovements
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CY2014Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
227000 USD
CY2013Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
162000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
261000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
325000 USD
CY2014Q2 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
681000 USD
CY2013Q2 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
592000 USD
us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1202000 USD
CY2014Q2 eqc Percentage Of Term Exceeding Useful Life Of One Office Tower
PercentageOfTermExceedingUsefulLifeOfOneOfficeTower
0.75 pure
CY2014Q2 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
18937000 USD
CY2013Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
22986000 USD
CY2014Q2 us-gaap Capital Leases Net Investment In Direct Financing Leases Unguaranteed Residual Values Of Leased Property
CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty
4951000 USD
CY2013Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Unguaranteed Residual Values Of Leased Property
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4951000 USD
CY2014Q2 us-gaap Capital Leases Net Investment In Direct Financing Leases Deferred Income
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7737000 USD
CY2013Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Deferred Income
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CY2014Q2 us-gaap Capital Leases Net Investment In Direct Financing Leases
CapitalLeasesNetInvestmentInDirectFinancingLeases
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CY2013Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases
CapitalLeasesNetInvestmentInDirectFinancingLeases
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CY2013Q2 us-gaap General And Administrative Expense
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CY2014Q2 us-gaap Capital Leases Net Investment In Direct Financing Leases Allowance For Uncollectible Minimum Lease Payments
CapitalLeasesNetInvestmentInDirectFinancingLeasesAllowanceForUncollectibleMinimumLeasePayments
0 USD
CY2013Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Allowance For Uncollectible Minimum Lease Payments
CapitalLeasesNetInvestmentInDirectFinancingLeasesAllowanceForUncollectibleMinimumLeasePayments
0 USD
CY2013Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
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CY2014Q2 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
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us-gaap General And Administrative Expense
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CY2013Q1 us-gaap Mortgage Loans On Real Estate Interest Rate
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CY2012Q2 us-gaap Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
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CY2013Q1 eqc Number Of Buildings Sold
NumberOfBuildingsSold
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CY2013Q1 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
7700000 USD
us-gaap General And Administrative Expense
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OtherPreferredStockDividendsAndAdjustments
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CY2014Q2 us-gaap Equity Method Investments
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CY2013Q4 us-gaap Land
Land
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4961000 USD
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2013Q1 eqc Number Of Properties Sold
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CY2014Q1 eqc Reversal Of Loss On Asset Impairment
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2013Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2014Q2 us-gaap Area Of Real Estate Property
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CY2014Q2 eqc Tenant Reimbursements And Other Real Estate Revenue
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42787000 USD
CY2013Q2 eqc Tenant Reimbursements And Other Real Estate Revenue
TenantReimbursementsAndOtherRealEstateRevenue
52175000 USD
eqc Tenant Reimbursements And Other Real Estate Revenue
TenantReimbursementsAndOtherRealEstateRevenue
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eqc Tenant Reimbursements And Other Real Estate Revenue
TenantReimbursementsAndOtherRealEstateRevenue
103487000 USD
us-gaap Depreciation Depletion And Amortization
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111480000 USD
us-gaap Depreciation Depletion And Amortization
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126029000 USD
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24097000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1627000 USD
CY2014Q2 us-gaap Gross Profit
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122493000 USD
us-gaap Gross Profit
GrossProfit
316565000 USD
CY2014Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
92701000 USD
CY2013Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
104105000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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CY2013Q2 us-gaap Depreciation Depletion And Amortization
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CY2014Q2 us-gaap Interest And Other Income
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CY2013Q2 us-gaap Interest And Other Income
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us-gaap Interest And Other Income
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us-gaap Interest And Other Income
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us-gaap Interest Expense
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us-gaap Interest Expense
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3345000 USD
us-gaap Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
159000 USD
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Straight Line Rent
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CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Income Loss From Continuing Operations
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CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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118309000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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121121000 shares
dei Entity Registrant Name
EntityRegistrantName
Equity Commonwealth
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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CY2014Q2 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
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CY2013Q2 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
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us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
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us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
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CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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CY2014Q2 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
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us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
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us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Gain Loss On Sale Of Properties
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CY2014Q2 us-gaap Profit Loss
ProfitLoss
5385000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
28917000 USD
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
64541000 USD
CY2013Q2 us-gaap Net Income Loss
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CY2014Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2014Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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dei Entity Central Index Key
EntityCentralIndexKey
0000803649
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
128870903 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><u><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Note 2.&#160; Recent Accounting Pronouncements</font></u></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">In April&#160;2014, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No.&#160;2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, or ASU 2014-08.&#160; ASU 2014-08 changes the criteria for reporting a discontinued operation.&#160; Under the new pronouncement, a disposal of a part of an organization that has a major effect on its operations and financial results is a discontinued operation.&#160; We are required to adopt ASU 2014-08 prospectively for all disposals of components of our business classified as held for sale during fiscal periods beginning after December&#160;15, 2014 and are currently evaluating what impact, if any, its adoption will have to the presentation of our condensed consolidated financial statements.</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">In May&#160;2014, the FASB issued ASU No.&#160;2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition. This update is effective for interim and annual reporting periods beginning after December&#160;15, 2016.&#160; We are currently in the process of evaluating the impact, if any, the adoption of this ASU will have on our condensed consolidated financial statements.</font></p> </div>
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
255812000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5537165000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
895059000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
106298000 shares
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.07
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.09
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.24
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.21
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.14
CY2014Q2 eqc Amortization Of Financing Costs And Discounts Continuing Operations
AmortizationOfFinancingCostsAndDiscountsContinuingOperations
-300000 USD
CY2013Q2 eqc Amortization Of Financing Costs And Discounts Continuing Operations
AmortizationOfFinancingCostsAndDiscountsContinuingOperations
265000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.13
eqc Amortization Of Financing Costs And Discounts Continuing Operations
AmortizationOfFinancingCostsAndDiscountsContinuingOperations
-609000 USD
eqc Amortization Of Financing Costs And Discounts Continuing Operations
AmortizationOfFinancingCostsAndDiscountsContinuingOperations
873000 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
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CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4642106000 USD
CY2013Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
573531000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
517991000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
222449000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22101000 USD
CY2013Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
223769000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
188675000 USD
CY2013Q4 us-gaap Assets
Assets
6646434000 USD
CY2014Q2 us-gaap Assets
Assets
6593360000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4938862000 USD
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
235000000 USD
CY2013Q4 us-gaap Senior Notes
SeniorNotes
1855900000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
914510000 USD
CY2013Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
28734000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
165855000 USD
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
33935000 USD
CY2013Q4 us-gaap Deferred Revenue
DeferredRevenue
27553000 USD
CY2013Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
11976000 USD
CY2013Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
9385000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
3282848000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
3222472000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
1184000 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4213474000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2235673000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2209840000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-38331000 USD
CY2013Q4 eqc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
3082271000 USD
CY2013Q4 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
573971000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6646434000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6593360000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7885000 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7451000 USD
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
118386918 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
128859923 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
118386918 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
128859923 shares
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
262188000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
432454000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
524800000 USD
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
215194000 USD
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
188758000 USD
us-gaap Costs And Expenses
CostsAndExpenses
372784000 USD
us-gaap Costs And Expenses
CostsAndExpenses
372749000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
199312000 USD
CY2013Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
2099000 USD
us-gaap Net Income Loss
NetIncomeLoss
25833000 USD
us-gaap Net Income Loss
NetIncomeLoss
44556000 USD
CY2013Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11151000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
3833000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-37821000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-36848000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
20680000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4111000 USD
eqc Gain Loss On Sale Of Properties And Gain Loss On Disposal Of Discontinued Operation Net Of Tax
GainLossOnSaleOfPropertiesAndGainLossOnDisposalOfDiscontinuedOperationNetOfTax
4955000 USD
us-gaap Other Noncash Expense
OtherNoncashExpense
18402000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-641000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-966000 USD
eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
19856000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
42959000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
31364000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
9996000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
19949000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16264000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42959000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11415000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10904000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10904000 USD
us-gaap Straight Line Rent
StraightLineRent
19798000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27806000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33060000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
9579000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
9806000 USD
eqc Loss On Asset Impairment
LossOnAssetImpairment
-20282000 USD
eqc Loss On Asset Impairment
LossOnAssetImpairment
-8535000 USD
eqc Gains Losses On Early Extinguishment Of Debt
GainsLossesOnEarlyExtinguishmentOfDebt
-3345000 USD
eqc Gains Losses On Early Extinguishment Of Debt
GainsLossesOnEarlyExtinguishmentOfDebt
-60027000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
23388000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4421000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-33000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
66293000 USD
us-gaap Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee
GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee
17020000 USD
eqc Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
22449000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7833000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-15737000 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-2339000 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-7730000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
241000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
122000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
47000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-3000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
165110000 USD
eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
60437000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
129152000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
136701000 USD
eqc Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
53908000 USD
eqc Proceeds From Principal Repayments From Direct Financing Lease
ProceedsFromPrincipalRepaymentsFromDirectFinancingLease
3612000 USD
eqc Proceeds From Principal Repayments From Direct Financing Lease
ProceedsFromPrincipalRepaymentsFromDirectFinancingLease
3444000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
185179000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
33863000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
5776000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
239576000 USD
eqc Distributions In Excess Of Earnings From Equity Investments
DistributionsInExcessOfEarningsFromEquityInvestments
168000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1369000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2349000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
132761000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
626809000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
728021000 USD
CY2014Q2 eqc Related Party Transaction Lease Term
RelatedPartyTransactionLeaseTerm
P1Y
CY2014Q2 eqc Related Party Transaction Number Of Renewal Options Of Lease Arrangement
RelatedPartyTransactionNumberOfRenewalOptionsOfLeaseArrangement
1 item
CY2014Q2 eqc Related Party Transaction Renewal Term Of Lease Arrangement
RelatedPartyTransactionRenewalTermOfLeaseArrangement
P3M
CY2014Q2 eqc Related Party Transaction Initial Lease Payment
RelatedPartyTransactionInitialLeasePayment
200000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102219000 USD
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2014Q2 eqc Number Of Trustees In Board Of Trustees
NumberOfTrusteesInBoardOfTrustees
7 item
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
55684000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
936000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15998000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
962207000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1200000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
29597000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
50527000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11151000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
22302000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
14863000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-56746000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-216311000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
757000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-773000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
205924000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-24699000 USD
us-gaap Interest Paid
InterestPaid
77120000 USD
us-gaap Interest Paid
InterestPaid
109108000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2732000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1134000 USD
eqc Investment Real Estate Mortgage Receivable
InvestmentRealEstateMortgageReceivable
-7688000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
428373000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
77520000 USD
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
123812000 shares
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3363586000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3370888000 USD
CY2014Q2 us-gaap Land
Land
748302000 USD
CY2014Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5146617000 USD
CY2014Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5894919000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
956057000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
227197000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22829000 USD
CY2014Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
238033000 USD
CY2014Q2 us-gaap Other Assets
OtherAssets
206204000 USD
CY2014Q2 us-gaap Line Of Credit
LineOfCredit
235000000 USD
CY2014Q2 us-gaap Senior Notes
SeniorNotes
1856373000 USD
CY2014Q2 us-gaap Secured Debt
SecuredDebt
895231000 USD
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
1289000 USD
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4483653000 USD
CY2014Q2 eqc Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
601331000 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
-49000 USD
CY2014Q2 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
16205000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-16499000 USD
CY2014Q2 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
-2400000 USD
CY2014Q2 eqc Discontinued Operation Gains Losses On Early Extinguishment Of Debt Net Of Tax
DiscontinuedOperationGainsLossesOnEarlyExtinguishmentOfDebtNetOfTax
-3300000 USD

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