2021 Form 10-K Financial Statement

#000102599622000074 Filed on February 10, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $955.0M $229.3M $898.4M
YoY Change 6.3% 4.13% 7.28%
Cost Of Revenue $266.3M $65.50M $256.2M
YoY Change 3.95% -0.15% 4.06%
Gross Profit $688.7M $163.8M $642.2M
YoY Change 7.24% 5.88% 8.63%
Gross Profit Margin 72.11% 71.42% 71.48%
Selling, General & Admin $96.00M $23.80M $89.70M
YoY Change 7.02% -2.46% -6.37%
% of Gross Profit 13.94% 14.53% 13.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $303.8M $73.00M $290.4M
YoY Change 4.63% 5.04% 8.32%
% of Gross Profit 44.11% 44.57% 45.21%
Operating Expenses $672.4M $96.80M $659.3M
YoY Change 1.98% 3.09% 7.18%
Operating Profit $16.34M $67.00M -$17.09M
YoY Change -195.57% 10.2% -28.58%
Interest Expense $78.56M -$19.10M $70.77M
YoY Change 11.0% 52.8% 45.81%
% of Operating Profit 480.9% -28.51%
Other Income/Expense, Net $376.2M -$31.81M
YoY Change -1282.71% 348.44%
Pretax Income $658.9M $83.50M $207.3M
YoY Change 217.85% 7.19% -3.67%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $658.9M $78.64M $207.3M
YoY Change 217.86% 8.47% 6.06%
Net Earnings / Revenue 68.99% 34.29% 23.07%
Basic Earnings Per Share $5.38 $0.67 $1.63
Diluted Earnings Per Share $5.36 $0.67 $1.63
COMMON SHARES
Basic Shares Outstanding 116.4M shares 115.3M shares 113.2M shares
Diluted Shares Outstanding 116.9M shares 113.7M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $414.1M $732.0M $732.0M
YoY Change -43.43% 1120.0% 1120.0%
Cash & Equivalents $414.1M $732.0M $732.0M
Short-Term Investments
Other Short-Term Assets $12.56M $10.00M $10.00M
YoY Change 25.64% -47.37% -47.37%
Inventory
Prepaid Expenses
Receivables $420.1M $12.01M $399.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $846.7M $1.141B $1.141B
YoY Change -25.79% 157.56% 157.56%
LONG-TERM ASSETS
Property, Plant & Equipment $9.459B $8.530B $8.530B
YoY Change 10.89% 4.04% 4.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.48M $27.00M $27.00M
YoY Change 1.76% 0.0% 0.0%
Other Assets $247.5M $302.0M $302.0M
YoY Change -18.06% 31.88% 31.88%
Total Long-Term Assets $9.737B $8.860B $8.860B
YoY Change 9.9% 4.76% 4.77%
TOTAL ASSETS
Total Short-Term Assets $846.7M $1.141B $1.141B
Total Long-Term Assets $9.737B $8.860B $8.860B
Total Assets $10.58B $10.00B $10.00B
YoY Change 5.82% 12.37% 12.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $391.3M $445.0M $445.0M
YoY Change -12.08% 6.21% 6.21%
Accrued Expenses $125.6M $98.00M $98.00M
YoY Change 28.11% 0.0% 0.0%
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 $578.7M $602.0M $602.0M
YoY Change -3.88% 5.61% 5.61%
LONG-TERM LIABILITIES
Long-Term Debt $4.069B $3.924B $3.924B
YoY Change 3.69% 10.44% 10.44%
Other Long-Term Liabilities $246.1M $197.0M $197.0M
YoY Change 24.93% -4.37% -4.37%
Total Long-Term Liabilities $4.315B $4.121B $4.121B
YoY Change 4.7% 9.63% 9.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $578.7M $602.0M $602.0M
Total Long-Term Liabilities $4.315B $4.121B $4.121B
Total Liabilities $5.143B $4.723B $4.971B
YoY Change 3.47% 9.1% 7.9%
SHAREHOLDERS EQUITY
Retained Earnings -$103.1M
YoY Change 76.4%
Common Stock $1.160M
YoY Change 9.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.440B $5.030B $5.030B
YoY Change
Total Liabilities & Shareholders Equity $10.58B $10.00B $10.00B
YoY Change 5.82% 12.37% 12.37%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $658.9M $78.64M $207.3M
YoY Change 217.86% 8.47% 6.06%
Depreciation, Depletion And Amortization $303.8M $73.00M $290.4M
YoY Change 4.63% 5.04% 8.32%
Cash From Operating Activities $516.4M $91.60M $455.6M
YoY Change 13.35% 7.64% 17.87%
INVESTING ACTIVITIES
Capital Expenditures -$1.798B -$140.4M -$616.1M
YoY Change 191.8% -78.67% -54.45%
Acquisitions
YoY Change
Other Investing Activities $1.050B $73.90M $73.90M
YoY Change 1320.74% -52.96% -40.59%
Cash From Investing Activities -$747.9M -$66.40M -$542.1M
YoY Change 37.95% -86.75% -55.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $721.7M
YoY Change -100.0% 104.02%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$164.6M -67.40M $833.3M
YoY Change -119.75% -135.77% 11.55%
NET CHANGE
Cash From Operating Activities $516.4M 91.60M $455.6M
Cash From Investing Activities -$747.9M -66.40M -$542.1M
Cash From Financing Activities -$164.6M -67.40M $833.3M
Net Change In Cash -$396.0M -42.20M $746.8M
YoY Change -153.03% -81.46% -888.66%
FREE CASH FLOW
Cash From Operating Activities $516.4M $91.60M $455.6M
Capital Expenditures -$1.798B -$140.4M -$616.1M
Free Cash Flow $2.314B $232.0M $1.072B
YoY Change 115.94% -68.79% -38.38%

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103849168 shares
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4201261000 USD
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215229000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
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353722000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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4664000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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32813000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
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703000 USD
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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14861000 USD
CY2019 us-gaap Stock Issued During Period Value Conversion Of Units
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0 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
12952000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Other
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0 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
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1.91
CY2019 us-gaap Dividends Common Stock
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206575000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4570858000 USD
CY2020 us-gaap Profit Loss
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CY2020 us-gaap Stock Issued During Period Value New Issues
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CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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37624000 USD
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
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14082000 USD
CY2020 us-gaap Stock Issued During Period Value Conversion Of Units
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0 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
15247000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Other
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0 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
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1.97
CY2020 us-gaap Dividends Common Stock
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235231000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5277321000 USD
CY2021 us-gaap Profit Loss
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658910000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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3921000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
40960000 USD
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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383000 USD
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
21888000 USD
CY2021 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1559000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
27601000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Other
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0 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.04
CY2021 us-gaap Dividends Common Stock
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243695000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5689870000 USD
CY2021 us-gaap Profit Loss
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658910000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
207293000 USD
CY2019 us-gaap Profit Loss
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215229000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
303799000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
290353000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
268045000 USD
CY2021 krc Depreciation Non Real Estate Assets
DepreciationNonRealEstateAssets
6244000 USD
CY2020 krc Depreciation Non Real Estate Assets
DepreciationNonRealEstateAssets
8955000 USD
CY2019 krc Depreciation Non Real Estate Assets
DepreciationNonRealEstateAssets
5085000 USD
CY2021 krc Provisionfor Doubtful Accounts Including Tenants Lease Agreement
ProvisionforDoubtfulAccountsIncludingTenantsLeaseAgreement
1433000 USD
CY2020 krc Provisionfor Doubtful Accounts Including Tenants Lease Agreement
ProvisionforDoubtfulAccountsIncludingTenantsLeaseAgreement
18997000 USD
CY2019 krc Provisionfor Doubtful Accounts Including Tenants Lease Agreement
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-3433000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
33800000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
30245000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
27007000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2831000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2958000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1427000 USD
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-6904000 USD
CY2020 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-7603000 USD
CY2019 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-9206000 USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
463128000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
35536000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
36802000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12246000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021 krc Noncash Amortization Of Deferred Revenue Related To Tenant Funded Tenant Improvements
NoncashAmortizationOfDeferredRevenueRelatedToTenantFundedTenantImprovements
17247000 USD
CY2020 krc Noncash Amortization Of Deferred Revenue Related To Tenant Funded Tenant Improvements
NoncashAmortizationOfDeferredRevenueRelatedToTenantFundedTenantImprovements
17547000 USD
CY2019 krc Noncash Amortization Of Deferred Revenue Related To Tenant Funded Tenant Improvements
NoncashAmortizationOfDeferredRevenueRelatedToTenantFundedTenantImprovements
19190000 USD
CY2021 us-gaap Straight Line Rent
StraightLineRent
53745000 USD
CY2020 us-gaap Straight Line Rent
StraightLineRent
67826000 USD
CY2019 us-gaap Straight Line Rent
StraightLineRent
72023000 USD
CY2021 krc Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1241000 USD
CY2020 krc Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
825000 USD
CY2019 krc Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
683000 USD
CY2021 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
6077000 USD
CY2020 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
3685000 USD
CY2019 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
14476000 USD
CY2021 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
43000000 USD
CY2020 us-gaap Increase Decrease In Operating Liabilities
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28161000 USD
CY2019 us-gaap Increase Decrease In Operating Liabilities
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24175000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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516403000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
455590000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
386521000 USD
CY2021 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
586927000 USD
CY2020 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 USD
CY2019 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
173291000 USD
CY2021 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
537429000 USD
CY2020 us-gaap Payments To Acquire Commercial Real Estate
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0 USD
CY2019 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
186258000 USD
CY2021 us-gaap Payments To Develop Real Estate Assets
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552837000 USD
CY2020 us-gaap Payments To Develop Real Estate Assets
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486565000 USD
CY2019 us-gaap Payments To Develop Real Estate Assets
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845464000 USD
CY2021 us-gaap Payments For Capital Improvements
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120611000 USD
CY2020 us-gaap Payments For Capital Improvements
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129500000 USD
CY2019 us-gaap Payments For Capital Improvements
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147687000 USD
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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1048927000 USD
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
74937000 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
124421000 USD
CY2021 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-1000000 USD
CY2020 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
1000000 USD
CY2019 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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0 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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-747877000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-542128000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1228279000 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
721665000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
353722000 USD
CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
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449807000 USD
CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2019 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2021 us-gaap Repayments Of Unsecured Debt
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312105000 USD
CY2020 us-gaap Repayments Of Unsecured Debt
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150000000 USD
CY2019 us-gaap Repayments Of Unsecured Debt
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0 USD
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
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0 USD
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
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190000000 USD
CY2019 us-gaap Proceeds From Long Term Lines Of Credit
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1110000000 USD
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
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0 USD
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
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435000000 USD
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
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910000000 USD
CY2020 us-gaap Proceeds From Minority Shareholders
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0 USD
CY2019 us-gaap Proceeds From Minority Shareholders
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0 USD
CY2021 us-gaap Repayments Of Secured Debt
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5341000 USD
CY2020 us-gaap Repayments Of Secured Debt
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5137000 USD
CY2019 us-gaap Repayments Of Secured Debt
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76309000 USD
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6594000 USD
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6678000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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21888000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14082000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14556000 USD
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
27601000 USD
CY2020 us-gaap Payments To Minority Shareholders
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15247000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12952000 USD
CY2021 us-gaap Payments Of Dividends Common Stock
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237355000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
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224578000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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196252000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
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383000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
703000 USD
CY2021 us-gaap Proceeds From Minority Shareholders
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1559000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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833324000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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747068000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-396047000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
746786000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-94690000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
823130000 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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
427083000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
823130000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76344000 USD
CY2021 krc Lease Up Properties Maximum Stabilized Occupancy Percentage
LeaseUpPropertiesMaximumStabilizedOccupancyPercentage
0.95
CY2021 krc Lease Up Properties Maximum Stabilized Occupancy Duration
LeaseUpPropertiesMaximumStabilizedOccupancyDuration
P1Y
CY2021 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2020 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2021 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2020 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2021 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2020 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2021 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2020 us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
2 variable_interest_entity
CY2020Q4 krc Number Of Equity Method Investments
NumberOfEquityMethodInvestments
0 investment
CY2021Q4 krc Number Of Equity Method Investments
NumberOfEquityMethodInvestments
0 investment
CY2021Q4 krc Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAssets
504882000 USD
CY2021Q4 krc Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Deferred Revenue And Acquisition Related Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDeferredRevenueAndAcquisitionRelatedIntangibleAssets
15112000 USD
CY2020Q4 krc Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
0 property
CY2021Q4 krc Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
0 property
CY2021Q4 krc Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLiabilities
15112000 USD
CY2021 krc Numberof Consolidated Property Partnerships
NumberofConsolidatedPropertyPartnerships
3 property_partnership
CY2021 krc Conversion Of Stock Conversion Ratio
ConversionOfStockConversionRatio
1
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:18pt"><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></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates.</span></div>
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit RiskAll of our properties and development and redevelopment projects are owned and all of our business is currently conducted in the state of California with the exception of the ownership and operation of nine office properties, one development project in the tenant improvement phase and one future development project located in the state of Washington, and one development project in the tenant improvement phase located in Austin, Texas. The ability of tenants to honor the terms of their leases is dependent upon the economic, regulatory, and social factors affecting the communities in which our tenants operate.
CY2020 krc Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
0 property
CY2021Q4 krc Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLand
84033000 USD
CY2021Q4 krc Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Buildings
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedBuildings
370967000 USD
CY2021Q4 krc Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Finite Lived Intangibles
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedFiniteLivedIntangibles
49882000 USD
CY2021Q4 krc Asset Acquisition Recognized Identifiable Assets Acquired Goodwilland Liabilities Assumed Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredGoodwillandLiabilitiesAssumedNet
489770000 USD
CY2021 us-gaap Below Market Lease Acquired
BelowMarketLeaseAcquired
15100000 USD
CY2021 krc Acquired Finitelived Intangible Liabilities Weighted Average Useful Life
AcquiredFinitelivedIntangibleLiabilitiesWeightedAverageUsefulLife
P2Y4M24D
CY2021 krc Asset Acquisition Acquisition Related Costs Capitalized
AssetAcquisitionAcquisitionRelatedCostsCapitalized
1300000 USD
CY2020 krc Asset Acquisition Acquisition Related Costs Capitalized
AssetAcquisitionAcquisitionRelatedCostsCapitalized
300000 USD
CY2019 krc Asset Acquisition Acquisition Related Costs Capitalized
AssetAcquisitionAcquisitionRelatedCostsCapitalized
1600000 USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
463100000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
35500000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
36800000 USD
CY2021Q4 krc Deferred Leasing Costs And Acquisition Related Intangible Assets Net
DeferredLeasingCostsAndAcquisitionRelatedIntangibleAssetsNet
234458000 USD
CY2020Q4 krc Deferred Leasing Costs And Acquisition Related Intangible Assets Net
DeferredLeasingCostsAndAcquisitionRelatedIntangibleAssetsNet
210949000 USD
CY2021Q4 krc Acquisition Related Intangible Liabilities Net
AcquisitionRelatedIntangibleLiabilitiesNet
22253000 USD
CY2020Q4 krc Acquisition Related Intangible Liabilities Net
AcquisitionRelatedIntangibleLiabilitiesNet
13345000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
14386000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
40130000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35130000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45188000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
16448000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
13806000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2062000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1799000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12007000 USD
CY2021Q4 krc Deferred Rent Receivables Gross
DeferredRentReceivablesGross
406277000 USD
CY2020Q4 krc Deferred Rent Receivables Gross
DeferredRentReceivablesGross
387462000 USD
CY2021Q4 krc Allowance For Deferred Rent Receivables
AllowanceForDeferredRentReceivables
612000 USD
CY2020Q4 krc Allowance For Deferred Rent Receivables
AllowanceForDeferredRentReceivables
804000 USD
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
405665000 USD
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CY2020Q4 us-gaap Other Assets
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57991000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets
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53560000 USD
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CY2020Q4 us-gaap Secured Debt
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65400000 USD
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26533000 USD
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22253000 USD
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13345000 USD
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CY2020Q2 us-gaap Common Stock Shares Authorized
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280000000 shares
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0 shares
CY2021 us-gaap Stock Repurchased And Retired During Period Shares
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0 shares
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1 compensation_plan
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10700000 shares
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1400000 shares
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41000000 USD
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37600000 USD
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32800000 USD
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7200000 USD
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7400000 USD
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5800000 USD
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23600000 USD
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P1Y7M6D
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23600000 USD
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P3M
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1600000 USD
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1600000 USD
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1
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-18997000 USD
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810679000 USD
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770892000 USD
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724452000 USD
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678857000 USD
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2862122000 USD
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6638092000 USD
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P65Y
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2600000 USD
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3000000 USD
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2900000 USD
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6441000 USD
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6567000 USD
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6604000 USD
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373943000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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406582000 USD
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281032000 USD
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125550000 USD
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P5Y
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1000000 USD
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1000000 USD
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P5Y
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P10Y
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0.60
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P3Y
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0.05
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0.02
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P10Y
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P10Y
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3612000 USD
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2864000 USD
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3885000 USD
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187105000 USD
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195443000 USD
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1516000 USD
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2229000 USD
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2119000 USD
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626628000 USD
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184876000 USD
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193324000 USD
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113241341 shares
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519513 shares
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478281 shares
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648600 shares
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116948643 shares
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113719622 shares
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103849168 shares
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1.87
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5744000 USD
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5224000 USD
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189161000 USD
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162654000 USD
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20070000 USD
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11592000 USD
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10268000 USD
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0 USD
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10267000 USD
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46430000 USD
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0 USD
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98349000 USD
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61850000 USD
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59431000 USD
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53219000 USD
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0 USD
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37640000 USD
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78000 USD
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60044000 USD
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76344000 USD
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171034000 USD
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414077000 USD
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731991000 USD
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60044000 USD
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91139000 USD
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16300000 USD
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427083000 USD
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823130000 USD
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76344000 USD
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1700000 USD
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700000 USD
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249023000 USD
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2480902000 USD
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3036949000 USD
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5774842000 USD
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2615603000 USD
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8677090000 USD
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11292693000 USD
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2003656000 USD
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15456528 sqft
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9100000000 USD
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10190046000 USD
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9628773000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
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8426632000 USD
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149025000 USD
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11292693000 USD
CY2020 us-gaap Real Estate Other Acquisitions
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0 USD
CY2019 us-gaap Real Estate Other Acquisitions
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460512000 USD
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547468000 USD
CY2020 us-gaap Real Estate Improvements
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645170000 USD
CY2019 us-gaap Real Estate Improvements
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890654000 USD
CY2021 krc Sec Schedule Iii Real Estate Period Increase
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1678716000 USD
CY2020 krc Sec Schedule Iii Real Estate Period Increase
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645170000 USD
CY2019 krc Sec Schedule Iii Real Estate Period Increase
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1351166000 USD
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572985000 USD
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44070000 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
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120788000 USD
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3084000 USD
CY2020 us-gaap Real Estate Other Deductions
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39827000 USD
CY2019 us-gaap Real Estate Other Deductions
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28237000 USD
CY2021 krc Sec Schedule Iii Real Estate Period Decrease
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576069000 USD
CY2020 krc Sec Schedule Iii Real Estate Period Decrease
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83897000 USD
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1561361000 USD
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10190046000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
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9628773000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
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1798646000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
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1391368000 USD
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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256304000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
244815000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
211893000 USD
CY2021 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Increase
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodIncrease
256304000 USD
CY2020 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Increase
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodIncrease
244815000 USD
CY2019 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Increase
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodIncrease
211893000 USD
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
38156000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
6401000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
41655000 USD
CY2021 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
13138000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
1129000 USD
CY2021 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Decrease
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodDecrease
51294000 USD
CY2020 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Decrease
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodDecrease
7530000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
245000 USD
CY2019 krc Sec Schedule Iii Real Estate Accumulated Depreciation Period Decrease
SECScheduleIIIRealEstateAccumulatedDepreciationPeriodDecrease
41900000 USD
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2003656000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1798646000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1561361000 USD

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