FR FY 2018 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

FY 2018 Earnings

Reported February 19, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$404M	—	$396M	—	1.8%
Op. Income	$259M	—	$255M	—	1.7%
Gross Margin	71.1%	—	71.4%	—	-0.3pp
Net Margin	40.4%	—	50.8%	—	-10.4pp
EPS (Diluted)	$1.31	—	$1.69	—	-22.5%
Free Cash Flow	-$145M	—	$45M	—	-418.6%

Revenue Flow

Item	Amount
REVENUE	$404M
Cost of Revenue	$117M
GROSS PROFIT	$287M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$0
Operating Expenses	$28M
Cost & Expenses	$145M
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$167M
Income Tax Expense	-$92.0K
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$122M
EBIT	$143M
EBITDA	$264M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$404M
Cost of Revenue	$117M
GROSS PROFIT	$287M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$0
Operating Expenses	$28M
Cost & Expenses	$145M
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$167M
Income Tax Expense	-$92.0K
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$122M
EBIT	$143M
EBITDA	$264M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$163M
Depreciation & Amortization	$125M
Stock-Based Compensation	$27M
Deferred Income Tax	-$105M
Other Non-Cash Items	$3M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$211M
Capital Expenditure	-$355M
Acquisitions (Net)	-$25M
Purchases of Investments	-$25M
Sales/Maturities of Investments	$185M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$223M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$110M
Other Financing Activities	$143M
NET CASH FROM FINANCING	$17M
FREE CASH FLOW	-$145M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$43M
Short-Term Investments	$0
Net Receivables	$76M
Inventory	$0
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$127M
PP&E (Net)	$2.9B
Goodwill	$0
Intangible Assets	$30M
Long-Term Investments	$23M
Tax Assets	$0
Other Non-Current Assets	$101M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$3.1B
Account Payables	$79M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$108M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.5B
Common Stock	$1M
Additional Paid-In Capital	$2.1B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$487M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$34M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.3B
Net Debt	$1.3B