2020 Q4 Form 10-Q Financial Statement

#000102599620000167 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $229.3M $228.3M $215.5M
YoY Change 4.13% 5.93% 15.52%
Cost Of Revenue $65.50M $65.20M $63.40M
YoY Change -0.15% 2.84% 16.97%
Gross Profit $163.8M $163.1M $152.2M
YoY Change 5.88% 7.16% 14.95%
Gross Profit Margin 71.42% 71.44% 70.62%
Selling, General & Admin $23.80M $19.60M $23.80M
YoY Change -2.46% -17.65% 15.53%
% of Gross Profit 14.53% 12.02% 15.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.00M $71.80M $69.20M
YoY Change 5.04% 3.76% 10.37%
% of Gross Profit 44.57% 44.02% 45.47%
Operating Expenses $96.80M $156.6M $156.4M
YoY Change 3.09% 0.19% 13.7%
Operating Profit $67.00M $6.456M -$4.153M
YoY Change 10.2% -255.45% -18.87%
Interest Expense -$19.10M $19.47M $11.64M
YoY Change 52.8% 67.32% 5.06%
% of Operating Profit -28.51% 301.55%
Other Income/Expense, Net -$17.60M -$10.87M
YoY Change 61.84% 1.31%
Pretax Income $83.50M $54.10M $48.30M
YoY Change 7.19% 12.01% 26.11%
Income Tax
% Of Pretax Income
Net Earnings $78.64M $49.03M $43.85M
YoY Change 8.47% 11.82% 27.46%
Net Earnings / Revenue 34.29% 21.47% 20.34%
Basic Earnings Per Share $0.67 $0.42 $0.41
Diluted Earnings Per Share $0.67 $0.42 $0.41
COMMON SHARES
Basic Shares Outstanding 115.3M shares 115.2M shares 104.8M shares
Diluted Shares Outstanding 115.7M shares 105.4M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $732.0M $849.0M $298.0M
YoY Change 1120.0% 184.9% 242.53%
Cash & Equivalents $732.0M $849.0M $297.6M
Short-Term Investments
Other Short-Term Assets $10.00M $13.00M $72.00M
YoY Change -47.37% -81.94% 111.76%
Inventory
Prepaid Expenses
Receivables $12.01M $392.0M $349.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.141B $1.254B $719.0M
YoY Change 157.56% 74.41% 79.75%
LONG-TERM ASSETS
Property, Plant & Equipment $8.530B $8.481B $7.591B
YoY Change 4.04% 11.72% 9.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.00M $25.00M $26.00M
YoY Change 0.0% -3.85% 13.04%
Other Assets $302.0M $225.0M $286.0M
YoY Change 31.88% -21.33% 56.28%
Total Long-Term Assets $8.860B $8.731B $7.905B
YoY Change 4.76% 10.45% 10.37%
TOTAL ASSETS
Total Short-Term Assets $1.141B $1.254B $719.0M
Total Long-Term Assets $8.860B $8.731B $7.905B
Total Assets $10.00B $9.985B $8.624B
YoY Change 12.37% 15.78% 14.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $445.0M $458.0M $439.0M
YoY Change 6.21% 4.33% 21.61%
Accrued Expenses $98.00M $98.00M $88.00M
YoY Change 0.0% 11.36%
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 $602.0M $615.0M $580.0M
YoY Change 5.61% 6.03% 42.16%
LONG-TERM LIABILITIES
Long-Term Debt $3.924B $3.924B $3.307B
YoY Change 10.44% 18.66% 15.07%
Other Long-Term Liabilities $197.0M $193.0M $197.0M
YoY Change -4.37% -2.03% -3.9%
Total Long-Term Liabilities $4.121B $4.117B $3.504B
YoY Change 9.63% 17.49% 13.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $602.0M $615.0M $580.0M
Total Long-Term Liabilities $4.121B $4.117B $3.504B
Total Liabilities $4.723B $4.733B $4.084B
YoY Change 9.1% 15.87% 17.12%
SHAREHOLDERS EQUITY
Retained Earnings -$103.1M -$122.9M -$78.71M
YoY Change 76.4% 56.19% -51.31%
Common Stock $1.160M $1.152M $1.060M
YoY Change 9.43% 8.68% 5.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.030B $4.968B $4.265B
YoY Change
Total Liabilities & Shareholders Equity $10.00B $9.985B $8.624B
YoY Change 12.37% 15.78% 14.04%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $78.64M $49.03M $43.85M
YoY Change 8.47% 11.82% 27.46%
Depreciation, Depletion And Amortization $73.00M $71.80M $69.20M
YoY Change 5.04% 3.76% 10.37%
Cash From Operating Activities $91.60M $140.0M $135.7M
YoY Change 7.64% 3.17% 5.69%
INVESTING ACTIVITIES
Capital Expenditures -$140.4M -$101.4M -$260.2M
YoY Change -78.67% -61.03% 84.41%
Acquisitions
YoY Change
Other Investing Activities $73.90M $0.00 -$50.00M
YoY Change -52.96% -100.0%
Cash From Investing Activities -$66.40M -$101.4M -$310.2M
YoY Change -86.75% -67.31% 119.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.40M 205.4M 419.6M
YoY Change -135.77% -51.05% 766.94%
NET CHANGE
Cash From Operating Activities 91.60M 140.0M 135.7M
Cash From Investing Activities -66.40M -101.4M -310.2M
Cash From Financing Activities -67.40M 205.4M 419.6M
Net Change In Cash -42.20M 244.0M 245.1M
YoY Change -81.46% -0.45% 586.55%
FREE CASH FLOW
Cash From Operating Activities $91.60M $140.0M $135.7M
Capital Expenditures -$140.4M -$101.4M -$260.2M
Free Cash Flow $232.0M $241.4M $395.9M
YoY Change -68.79% -39.03% 46.9%

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122943000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115226324 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104841176 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112405817 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102252739 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115667657 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105359904 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112875875 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102872436 shares
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4570858000 USD
CY2020Q1 us-gaap Profit Loss
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45418000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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721794000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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1720000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8653000 USD
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0 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
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9799000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Conversion Of Units
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0 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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2617000 USD
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0 USD
CY2020Q1 us-gaap Dividends Common Stock
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58512000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5277515000 USD
CY2020Q2 us-gaap Profit Loss
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24352000 USD
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CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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805000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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13576000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2020Q2 us-gaap Stock Repurchased And Retired During Period Value
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735000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Conversion Of Units
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0 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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4281000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Other
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0 USD
CY2020Q2 us-gaap Dividends Common Stock
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57598000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5253589000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
54071000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
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-74000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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1101000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7794000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
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3353000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Conversion Of Units
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0 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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1458000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Other
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0 USD
CY2020Q3 us-gaap Dividends Common Stock
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59706000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5251964000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4201261000 USD
CY2019Q1 us-gaap Profit Loss
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41794000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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2210000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8817000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Value
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12130000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Conversion Of Units
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0 USD
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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6309000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Other
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CY2019Q1 us-gaap Dividends Common Stock
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49315000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4183182000 USD
CY2019Q2 us-gaap Profit Loss
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47215000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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820000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8732000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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64000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
CY2019Q2 us-gaap Stock Repurchased And Retired During Period Value
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793000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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1487000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Other
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0 USD
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
50830000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4186903000 USD
CY2019Q3 us-gaap Profit Loss
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48298000 USD
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
353904000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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839000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6808000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
639000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2019Q3 us-gaap Stock Repurchased And Retired During Period Value
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1652000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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3041000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Other
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0 USD
CY2019Q3 us-gaap Dividends Common Stock
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53189000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4539509000 USD
us-gaap Profit Loss
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123841000 USD
us-gaap Profit Loss
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137307000 USD
us-gaap Depreciation Depletion And Amortization
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218841000 USD
us-gaap Depreciation Depletion And Amortization
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199967000 USD
krc Depreciation Non Real Estate Assets
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7477000 USD
krc Depreciation Non Real Estate Assets
DepreciationNonRealEstateAssets
3650000 USD
krc Provisionfor Doubtful Accounts Including Tenants Lease Agreement
ProvisionforDoubtfulAccountsIncludingTenantsLeaseAgreement
14205000 USD
krc Provisionfor Doubtful Accounts Including Tenants Lease Agreement
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us-gaap Share Based Compensation
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24290000 USD
us-gaap Share Based Compensation
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20200000 USD
us-gaap Amortization Of Financing Costs And Discounts
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2252000 USD
us-gaap Amortization Of Financing Costs And Discounts
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911000 USD
us-gaap Amortization Of Above And Below Market Leases
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us-gaap Amortization Of Above And Below Market Leases
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-6241000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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7169000 USD
krc Noncash Amortization Of Deferred Revenue Related To Tenant Funded Tenant Improvements
NoncashAmortizationOfDeferredRevenueRelatedToTenantFundedTenantImprovements
13114000 USD
krc Noncash Amortization Of Deferred Revenue Related To Tenant Funded Tenant Improvements
NoncashAmortizationOfDeferredRevenueRelatedToTenantFundedTenantImprovements
14947000 USD
us-gaap Straight Line Rent
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51890000 USD
us-gaap Straight Line Rent
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48725000 USD
krc Operating Lease Rightof Use Asset Amortization
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615000 USD
krc Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
453000 USD
us-gaap Increase Decrease In Operating Assets
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4245000 USD
us-gaap Increase Decrease In Operating Assets
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24752000 USD
us-gaap Increase Decrease In Operating Liabilities
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47977000 USD
us-gaap Increase Decrease In Operating Liabilities
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44421000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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363980000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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301390000 USD
us-gaap Payments To Develop Real Estate Assets
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386237000 USD
us-gaap Payments To Develop Real Estate Assets
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554951000 USD
us-gaap Payments For Capital Improvements
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89464000 USD
us-gaap Payments For Capital Improvements
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99479000 USD
us-gaap Payments To Acquire Other Real Estate
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0 USD
us-gaap Payments To Acquire Other Real Estate
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40027000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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17271000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
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0 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
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49998000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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721675000 USD
us-gaap Proceeds From Issuance Of Common Stock
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353904000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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772297000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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499390000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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190000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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630000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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435000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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675000000 USD
us-gaap Repayments Of Secured Debt
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3834000 USD
us-gaap Repayments Of Secured Debt
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75844000 USD
us-gaap Repayments Of Unsecured Debt
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150000000 USD
us-gaap Repayments Of Unsecured Debt
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0 USD
us-gaap Payments Of Financing Costs
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6216000 USD
us-gaap Payments Of Financing Costs
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5548000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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13887000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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14269000 USD
us-gaap Payments To Minority Shareholders
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8363000 USD
us-gaap Payments To Minority Shareholders
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10844000 USD
us-gaap Payments Of Dividends Common Stock
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165986000 USD
us-gaap Payments Of Dividends Common Stock
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143812000 USD
us-gaap Proceeds From Stock Options Exercised
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0 USD
us-gaap Proceeds From Stock Options Exercised
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703000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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900686000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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558680000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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788965000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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132886000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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76344000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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171034000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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865309000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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303920000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
krc Lease Up Properties Maximum Stabilized Occupancy Percentage
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0.95
krc Lease Up Properties Maximum Stabilized Occupancy Duration
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P1Y
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Common Fair Value
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102200000 USD
CY2020Q3 us-gaap Furniture And Fixtures Gross
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42899000 USD
CY2019Q4 us-gaap Furniture And Fixtures Gross
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35286000 USD
CY2020Q3 us-gaap Prepaid Expense Current And Noncurrent
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12807000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
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18724000 USD
CY2020Q3 us-gaap Accounts And Notes Receivable Net
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CY2019Q4 us-gaap Accounts And Notes Receivable Net
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1651000 USD
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55706000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
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55661000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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3600000 USD
CY2020Q2 us-gaap Common Stock Shares Authorized
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150000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
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280000000 shares
CY2020Q1 us-gaap Forward Contract Indexed To Issuers Equity Shares
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CY2020Q1 us-gaap Forward Contract Indexed To Issuers Equity Settlement Alternatives Cash At Fair Value
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494500000 USD
CY2020Q1 us-gaap Forward Contract Indexed To Issuers Equity Forward Rate
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86.00
CY2020Q1 us-gaap Forward Contract Indexed To Issuers Equity Shares
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5750000 shares
CY2018Q2 krc At Market Stock Aggregate Gross Sales Priceof Common Stock
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500000000.0 USD
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
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167700000 USD
CY2020Q3 krc Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Plans
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1 compensation_plan
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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10700000 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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1600000 shares
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
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7800000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
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6800000 USD
us-gaap Allocated Share Based Compensation Expense
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30000000.0 USD
us-gaap Allocated Share Based Compensation Expense
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1800000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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5700000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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700000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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4200000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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42600000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y7M6D
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
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CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
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181994000 USD
us-gaap Operating Lease Lease Income Lease Payments
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585257000 USD
us-gaap Operating Lease Lease Income Lease Payments
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524174000 USD
CY2020Q3 us-gaap Operating Lease Variable Lease Income
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CY2019Q3 us-gaap Operating Lease Variable Lease Income
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30470000 USD
us-gaap Operating Lease Variable Lease Income
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93059000 USD
us-gaap Operating Lease Variable Lease Income
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82654000 USD
CY2020Q3 krc Operating Lease Income Adjustments
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-1823000 USD
CY2019Q3 krc Operating Lease Income Adjustments
OperatingLeaseIncomeAdjustments
-143000 USD
krc Operating Lease Income Adjustments
OperatingLeaseIncomeAdjustments
-14205000 USD
krc Operating Lease Income Adjustments
OperatingLeaseIncomeAdjustments
2504000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
227122000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
212321000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
664111000 USD
us-gaap Operating Lease Lease Income
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609332000 USD
CY2020Q3 krc Operating Lease Income Adjustments Transitioning Tenantsto Cash Basis
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-1800000 USD
krc Operating Lease Income Adjustments Transitioning Tenantsto Cash Basis
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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174957000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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729823000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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804938000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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790212000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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748183000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
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716941000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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3453142000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
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7418196000 USD
CY2020Q3 us-gaap Other Commitment
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737400000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0511
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P54Y
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
700000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
700000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2400000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2300000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1411000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5641000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5642000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5662000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5662000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5662000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
280723000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
310403000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
212467000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
97936000 USD
krc Period For Ground Lease Rentals Adjustment
PeriodForGroundLeaseRentalsAdjustment
P5Y
krc Annual Ground Lease Rental Obligations Maximum
AnnualGroundLeaseRentalObligationsMaximum
1000000.0 USD
krc Annual Ground Lease Rental Obligations Maximum
AnnualGroundLeaseRentalObligationsMaximum
1000000.0 USD
krc Period For Ground Lease Rentals Adjustment
PeriodForGroundLeaseRentalsAdjustment
P5Y
krc Ground Lease Minimum Rent Increase Percentage Of Annual Percentage Rent
GroundLeaseMinimumRentIncreasePercentageOfAnnualPercentageRent
0.50
krc Ground Lease Previous Period Includedin Average Annual Rent Percentage
GroundLeasePreviousPeriodIncludedinAverageAnnualRentPercentage
P5Y
krc Period For Ground Lease Rentals Adjustment
PeriodForGroundLeaseRentalsAdjustment
P5Y
krc Ground Lease Minimum Rent Increase Periodof Increase Two
GroundLeaseMinimumRentIncreasePeriodofIncreaseTwo
P10Y
krc Ground Lease Minimum Rent Increase Percentageof Annual Percentage Rent Two
GroundLeaseMinimumRentIncreasePercentageofAnnualPercentageRentTwo
0.60
krc Ground Lease Previous Period Includedin Average Annual Rent Percentage Rent Two
GroundLeasePreviousPeriodIncludedinAverageAnnualRentPercentageRentTwo
P3Y
krc Ground Lease Minimum Rent Increase Five Years Percentageof Annual Percentage Rent
GroundLeaseMinimumRentIncreaseFiveYearsPercentageofAnnualPercentageRent
0.05
CY2020Q3 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
1658000 USD
CY2019Q3 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
673000 USD
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
1094000 USD
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
2898000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
49028000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
43846000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
108463000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
122943000 USD
CY2020Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
572000 USD
CY2019Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
530000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1657000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1582000 USD
CY2020Q3 krc Net Income Loss Availableto Common Stockholders Basicand Diluted
NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
48456000 USD
CY2019Q3 krc Net Income Loss Availableto Common Stockholders Basicand Diluted
NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
43316000 USD
krc Net Income Loss Availableto Common Stockholders Basicand Diluted
NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
106806000 USD
krc Net Income Loss Availableto Common Stockholders Basicand Diluted
NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
121361000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115226324 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
619697 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115667657 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
470058 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104841176 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112405817 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102252739 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
441333 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
518728 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105359904 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112875875 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102872436 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
us-gaap Interest Paid Net
InterestPaidNet
35898000 USD
us-gaap Interest Paid Net
InterestPaidNet
28139000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4686000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3917000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
154253000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
148468000 USD
krc Tenant Improvements Funded Directly By Tenants To Third Parties
TenantImprovementsFundedDirectlyByTenantsToThirdParties
9118000 USD
krc Tenant Improvements Funded Directly By Tenants To Third Parties
TenantImprovementsFundedDirectlyByTenantsToThirdParties
10254000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
3967000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
82938000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
87409000 USD
krc Common Stockholders And Unitholders Dividends And Distributions Declared But Not Paid
CommonStockholdersAndUnitholdersDividendsAndDistributionsDeclaredButNotPaid
59416000 USD
krc Common Stockholders And Unitholders Dividends And Distributions Declared But Not Paid
CommonStockholdersAndUnitholdersDividendsAndDistributionsDeclaredButNotPaid
53205000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
3972000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
78000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60044000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51604000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16300000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
119430000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76344000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171034000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
849009000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
297620000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16300000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6300000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
865309000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
303920000 USD

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