EGP FY 2021 Earnings Report — EastGroup Properties, Inc. Revenue & Financial Results | Market Cap Arena

EastGroup Properties, Inc.EGP

FY 2021 Earnings

Reported February 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$409M	—	$363M	—	12.8%
Op. Income	$278M	—	$245M	—	13.7%
Gross Margin	71.9%	—	71.5%	—	0.4pp
Net Margin	38.5%	—	29.9%	—	8.6pp
EPS (Diluted)	$3.90	—	$2.76	—	41.3%
Free Cash Flow	$220M	—	$163M	—	34.7%

Revenue Flow

Item	Amount
REVENUE	$409M
Cost of Revenue	$115M
GROSS PROFIT	$294M
R&D Expenses	$0
Selling & Marketing	$700.0K
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$0
Operating Expenses	$16M
Cost & Expenses	$131M
OPERATING INCOME	$278M
Interest Income	$0
Interest Expense	$33M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$158M
Income Tax Expense	$0
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$158M
D&A	$110M
EBIT	$151M
EBITDA	$261M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$409M
Cost of Revenue	$115M
GROSS PROFIT	$294M
R&D Expenses	$0
Selling & Marketing	$700.0K
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$0
Operating Expenses	$16M
Cost & Expenses	$131M
OPERATING INCOME	$278M
Interest Income	$0
Interest Expense	$33M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$158M
Income Tax Expense	$0
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$158M
D&A	$110M
EBIT	$151M
EBITDA	$261M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$158M
Depreciation & Amortization	$127M
Stock-Based Compensation	$8M
Deferred Income Tax	-$39M
Other Non-Cash Items	$1M
Change in Working Capital	$2M
OPERATING CASH FLOW	$256M
Capital Expenditure	-$37M
Acquisitions (Net)	$0
Purchases of Investments	-$527M
Sales/Maturities of Investments	$44M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$529M
Net Debt Issuance	$140M
Common Stock Repurchased	$0
Common Dividends Paid	-$132M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$277M
FREE CASH FLOW	$220M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$67M
Inventory	$6M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$89M
PP&E (Net)	$2M
Goodwill	$990.0K
Intangible Assets	$19M
Long-Term Investments	$7M
Tax Assets	$0
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$3.2B
Account Payables	$11M
Short-Term Debt	$207M
Deferred Revenue	$16M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$333M
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.6B
Common Stock	$4.0K
Additional Paid-In Capital	$1.9B
Retained Earnings	-$318M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$1M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$1.5B
Net Debt	$1.5B