FR FY 2017 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

FY 2017 Earnings

Reported February 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$396M	—	$378M	—	4.9%
Op. Income	$255M	—	$239M	—	6.8%
Gross Margin	71.4%	—	70.2%	—	1.2pp
Net Margin	50.8%	—	32.1%	—	18.8pp
EPS (Diluted)	$1.69	—	$1.05	—	61.0%
Free Cash Flow	$45M	—	-$7M	—	782.2%

Revenue Flow

Item	Amount
REVENUE	$396M
Cost of Revenue	$113M
GROSS PROFIT	$283M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$0
Operating Expenses	$28M
Cost & Expenses	$142M
OPERATING INCOME	$255M
Interest Income	$0
Interest Expense	$57M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$209M
Income Tax Expense	$1M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$123M
EBIT	$138M
EBITDA	$262M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$396M
Cost of Revenue	$113M
GROSS PROFIT	$283M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$0
Operating Expenses	$28M
Cost & Expenses	$142M
OPERATING INCOME	$255M
Interest Income	$0
Interest Expense	$57M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$209M
Income Tax Expense	$1M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$123M
EBIT	$138M
EBITDA	$262M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$201M
Depreciation & Amortization	$126M
Stock-Based Compensation	$29M
Deferred Income Tax	-$159M
Other Non-Cash Items	$388.0K
Change in Working Capital	-$11M
OPERATING CASH FLOW	$191M
Capital Expenditure	-$146M
Acquisitions (Net)	$0
Purchases of Investments	-$188M
Sales/Maturities of Investments	$228M
Other Investing Activities	-$324M
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	-$49M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$101M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$85M
FREE CASH FLOW	$45M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$0
Net Receivables	$75M
Inventory	$0
Other Current Assets	$104M
TOTAL CURRENT ASSETS	$200M
PP&E (Net)	$2.7B
Goodwill	$0
Intangible Assets	$30M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$2.9B
Account Payables	$87M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$114M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$55M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.5B
Common Stock	$1M
Additional Paid-In Capital	$2.0B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$541M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$48M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$1.3B
Net Debt	$1.3B