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Income Statement
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HIGHWOODS PROPERTIES, INC. (HIW)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Rental and other revenues  828.9768.0736.9736.0720.0702.7 604.7
            Rental and other revenues growth  7.9%4.2%0.1%2.2%2.5% -100.0%8.8%
Operating expenses:          
Rental property and other expenses  259.8236.4231.8248.5242.4236.9231.1215.9
Depreciation and amortization  287.6259.3241.6254.5230.0227.8220.1201.9
Impairments of real estate assets  36.5 1.85.80.41.4  
General and administrative  42.340.641.044.140.039.638.237.6
    Total operating expenses  626.2536.2516.2552.9512.8505.8489.4455.5
Interest expense  -105.4-85.9-81.0-81.6-71.4-69.1-3.5-3.8
Other income/(loss)  1.51.4-1.7-2.51.92.3-2.3-2.0
Equity in earnings of unconsolidated affiliates  1.51.94.03.32.27.45.85.1
    Net income  164.0323.3357.9141.7177.6191.7541.1101.3
Net (income) attributable to noncontrolling interests in the Operating Partnership  -3.7-8.3-9.3-3.6-4.6-5.1-15.6-2.9
Net (income) attributable to noncontrolling interests in consolidated affiliates  -1.2-1.7-1.2     
Dividends on Preferred Stock  -2.5-2.5-2.5-2.5-2.5-2.5-2.5-2.5
   
Distributions on Preferred Units          
    Net income available for common stockholders  156.6310.8344.9134.4169.3182.9521.894.6
   
    Net income available for common unitholders          
Earnings per Common Share - basic:          
Net income available for common stockholders (in dollars per share)  $1.49$2.98$3.32$1.30$1.64$1.78$5.30$1.00
   
Weighted average Common Shares outstanding - basic (in shares)  105.1104.2103.9103.7103.4102.798.494.4
   
Earnings per Common Share - diluted:          
Net income available for common stockholders (in dollars per share)  $1.49$2.98$3.32$1.30$1.64$1.78$5.30$1.00
Weighted average Common Shares outstanding - diluted (in shares)  107.6107.1106.7106.4106.3105.6101.497.4
   
Earnings per Common Unit - basic:          
Net income available for common unitholders (in dollars per share)          
Weighted average Common Units outstanding - basic (in shares)          
Earnings per Common Unit - diluted:          
Net income available for common unitholders (in dollars per share)          
Weighted average Common Units outstanding - diluted (in shares)          

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