
Highwoods Properties Inc
NYSE:HIW

Income Statement
Earnings Waterfall
Highwoods Properties Inc
Revenue
|
825.9m
USD
|
Cost of Revenue
|
-272.2m
USD
|
Gross Profit
|
553.7m
USD
|
Operating Expenses
|
-340.9m
USD
|
Operating Income
|
212.7m
USD
|
Other Expenses
|
-113m
USD
|
Net Income
|
99.8m
USD
|
Income Statement
Highwoods Properties Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
556
N/A
|
553
-1%
|
548
-1%
|
547
0%
|
605
+11%
|
587
-3%
|
605
+3%
|
621
+3%
|
666
+7%
|
670
+1%
|
681
+2%
|
695
+2%
|
703
+1%
|
714
+2%
|
715
+0%
|
715
0%
|
720
+1%
|
712
-1%
|
717
+1%
|
725
+1%
|
736
+1%
|
757
+3%
|
756
0%
|
749
-1%
|
737
-2%
|
728
-1%
|
730
+0%
|
745
+2%
|
768
+3%
|
791
+3%
|
809
+2%
|
820
+1%
|
829
+1%
|
835
+1%
|
839
+0%
|
839
+0%
|
834
-1%
|
833
0%
|
830
0%
|
827
0%
|
826
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(206)
|
(202)
|
(199)
|
(196)
|
(216)
|
(206)
|
(211)
|
(215)
|
(231)
|
(231)
|
(232)
|
(235)
|
(237)
|
(239)
|
(240)
|
(240)
|
(242)
|
(244)
|
(245)
|
(248)
|
(249)
|
(250)
|
(245)
|
(238)
|
(232)
|
(226)
|
(227)
|
(231)
|
(236)
|
(242)
|
(248)
|
(254)
|
(260)
|
(264)
|
(268)
|
(269)
|
(269)
|
(273)
|
(272)
|
(270)
|
(272)
|
|
Gross Profit |
350
N/A
|
351
+0%
|
349
0%
|
350
+0%
|
389
+11%
|
381
-2%
|
394
+3%
|
405
+3%
|
435
+7%
|
439
+1%
|
448
+2%
|
460
+3%
|
466
+1%
|
475
+2%
|
476
+0%
|
475
0%
|
478
+1%
|
468
-2%
|
473
+1%
|
478
+1%
|
488
+2%
|
506
+4%
|
511
+1%
|
512
+0%
|
505
-1%
|
502
-1%
|
503
+0%
|
514
+2%
|
532
+3%
|
549
+3%
|
561
+2%
|
567
+1%
|
569
+0%
|
571
+0%
|
571
0%
|
570
0%
|
565
-1%
|
559
-1%
|
558
0%
|
557
0%
|
554
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(216)
|
(216)
|
(213)
|
(217)
|
(240)
|
(235)
|
(242)
|
(245)
|
(258)
|
(261)
|
(262)
|
(266)
|
(267)
|
(271)
|
(271)
|
(272)
|
(270)
|
(283)
|
(285)
|
(290)
|
(299)
|
(295)
|
(290)
|
(287)
|
(283)
|
(281)
|
(284)
|
(291)
|
(300)
|
(312)
|
(319)
|
(325)
|
(330)
|
(330)
|
(335)
|
(336)
|
(342)
|
(345)
|
(344)
|
(349)
|
(341)
|
|
Selling, General & Administrative |
(35)
|
(36)
|
(36)
|
(37)
|
(38)
|
(37)
|
(37)
|
(37)
|
(38)
|
(39)
|
(39)
|
(39)
|
(40)
|
(40)
|
(40)
|
(41)
|
(40)
|
(41)
|
(41)
|
(43)
|
(44)
|
(43)
|
(43)
|
(41)
|
(41)
|
(40)
|
(40)
|
(41)
|
(41)
|
(44)
|
(44)
|
(43)
|
(42)
|
(41)
|
(41)
|
(40)
|
(43)
|
(43)
|
(43)
|
(44)
|
(42)
|
|
Depreciation & Amortization |
(181)
|
(179)
|
(177)
|
(180)
|
(202)
|
(198)
|
(206)
|
(207)
|
(220)
|
(223)
|
(223)
|
(227)
|
(228)
|
(229)
|
(230)
|
(231)
|
(230)
|
(242)
|
(244)
|
(248)
|
(255)
|
(247)
|
(247)
|
(246)
|
(242)
|
(241)
|
(244)
|
(250)
|
(259)
|
(268)
|
(276)
|
(282)
|
(288)
|
(289)
|
(294)
|
(296)
|
(299)
|
(302)
|
(301)
|
(306)
|
(299)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
134
N/A
|
135
+0%
|
137
+2%
|
134
-2%
|
149
+11%
|
146
-2%
|
152
+4%
|
160
+6%
|
176
+10%
|
178
+1%
|
186
+4%
|
194
+4%
|
198
+2%
|
204
+3%
|
205
+0%
|
203
-1%
|
208
+2%
|
186
-11%
|
188
+1%
|
188
0%
|
189
+1%
|
211
+12%
|
221
+5%
|
225
+2%
|
223
-1%
|
221
-1%
|
219
-1%
|
223
+2%
|
232
+4%
|
237
+2%
|
242
+2%
|
242
N/A
|
239
-1%
|
242
+1%
|
236
-2%
|
234
-1%
|
223
-5%
|
214
-4%
|
214
+0%
|
207
-3%
|
213
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(79)
|
(78)
|
(79)
|
(78)
|
(79)
|
(81)
|
(79)
|
(74)
|
(69)
|
(66)
|
(63)
|
(59)
|
(59)
|
(61)
|
(63)
|
(67)
|
(67)
|
(68)
|
(71)
|
(74)
|
(78)
|
(81)
|
(80)
|
(79)
|
(77)
|
(76)
|
(76)
|
(78)
|
(84)
|
(89)
|
(95)
|
(100)
|
(104)
|
(112)
|
(121)
|
(129)
|
(136)
|
(139)
|
(141)
|
(143)
|
(143)
|
|
Non-Reccuring Items |
(1)
|
0
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
1
|
(1)
|
(2)
|
0
|
(2)
|
(1)
|
(0)
|
0
|
(1)
|
(6)
|
(6)
|
0
|
(7)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
(0)
|
0
|
(35)
|
(37)
|
(37)
|
(25)
|
10
|
12
|
11
|
(1)
|
(1)
|
(1)
|
(25)
|
|
Gain/Loss on Disposition of Assets |
44
|
46
|
42
|
17
|
16
|
19
|
22
|
15
|
15
|
16
|
10
|
26
|
54
|
49
|
66
|
46
|
38
|
0
|
27
|
31
|
40
|
193
|
186
|
193
|
216
|
82
|
104
|
133
|
174
|
159
|
186
|
157
|
64
|
60
|
29
|
20
|
48
|
55
|
70
|
71
|
47
|
|
Total Other Income |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
34
|
(4)
|
(3)
|
(3)
|
1
|
2
|
(2)
|
(2)
|
(1)
|
(2)
|
2
|
2
|
2
|
1
|
1
|
2
|
2
|
3
|
4
|
5
|
5
|
12
|
13
|
13
|
|
Pre-Tax Income |
97
N/A
|
101
+4%
|
98
-2%
|
72
-27%
|
86
+20%
|
84
-2%
|
95
+13%
|
102
+7%
|
123
+21%
|
128
+4%
|
134
+5%
|
160
+19%
|
192
+20%
|
192
+0%
|
206
+7%
|
181
-12%
|
178
-2%
|
152
-15%
|
140
-8%
|
135
-4%
|
142
+5%
|
325
+129%
|
322
-1%
|
335
+4%
|
358
+7%
|
224
-38%
|
246
+10%
|
280
+14%
|
323
+16%
|
309
-5%
|
299
-3%
|
264
-12%
|
164
-38%
|
167
+2%
|
158
-5%
|
141
-11%
|
151
+7%
|
134
-12%
|
155
+16%
|
147
-5%
|
104
-29%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Income from Continuing Operations |
97
|
101
|
98
|
72
|
86
|
84
|
95
|
102
|
123
|
128
|
134
|
160
|
192
|
192
|
206
|
181
|
178
|
152
|
140
|
135
|
142
|
325
|
322
|
335
|
358
|
224
|
246
|
280
|
323
|
309
|
299
|
264
|
164
|
167
|
158
|
141
|
151
|
134
|
155
|
147
|
104
|
|
Income to Minority Interest |
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(16)
|
(16)
|
(16)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(10)
|
(9)
|
(10)
|
(11)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(9)
|
(7)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
|
Net Income (Common) |
108
N/A
|
116
+7%
|
118
+2%
|
96
-19%
|
95
-2%
|
508
+437%
|
515
+1%
|
517
+0%
|
522
+1%
|
121
-77%
|
127
+5%
|
152
+20%
|
183
+21%
|
184
+0%
|
197
+7%
|
173
-12%
|
169
-2%
|
144
-15%
|
133
-8%
|
128
-4%
|
134
+5%
|
313
+133%
|
310
-1%
|
323
+4%
|
345
+7%
|
214
-38%
|
236
+10%
|
268
+13%
|
311
+16%
|
297
-5%
|
288
-3%
|
254
-12%
|
157
-38%
|
160
+2%
|
152
-5%
|
136
-11%
|
146
+8%
|
128
-12%
|
149
+16%
|
141
-5%
|
100
-29%
|
|
EPS (Diluted) |
1.13
N/A
|
1.2
+6%
|
1.21
+1%
|
0.98
-19%
|
0.97
-1%
|
5.11
+427%
|
5.11
N/A
|
5.07
-1%
|
5.14
+1%
|
1.16
-77%
|
1.21
+4%
|
1.44
+19%
|
1.73
+20%
|
1.74
+1%
|
1.86
+7%
|
1.63
-12%
|
1.59
-2%
|
1.36
-14%
|
1.25
-8%
|
1.2
-4%
|
1.26
+5%
|
2.93
+133%
|
2.91
-1%
|
3.03
+4%
|
3.23
+7%
|
2.02
-37%
|
2.2
+9%
|
2.5
+14%
|
2.9
+16%
|
2.75
-5%
|
2.67
-3%
|
2.36
-12%
|
1.45
-39%
|
1.48
+2%
|
1.41
-5%
|
1.25
-11%
|
1.35
+8%
|
1.18
-13%
|
1.37
+16%
|
1.3
-5%
|
0.94
-28%
|