FR FY 2019 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

FY 2019 Earnings

Reported February 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$426M	—	$404M	—	5.4%
Op. Income	$231M	—	$259M	—	-10.8%
Gross Margin	72.6%	—	71.1%	—	1.5pp
Net Margin	56.1%	—	40.4%	—	15.7pp
EPS (Diluted)	$1.88	—	$1.31	—	43.5%
Free Cash Flow	-$9M	—	-$145M	—	94.1%

Revenue Flow

Item	Amount
REVENUE	$426M
Cost of Revenue	$117M
GROSS PROFIT	$309M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$29M
SG&A Expenses	$29M
Other Expenses	$49M
Operating Expenses	$78M
Cost & Expenses	$194M
OPERATING INCOME	$231M
Interest Income	$0
Interest Expense	$50M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$247M
Income Tax Expense	$3M
Net Income from Continuing Ops	$245M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$238M
D&A	$127M
EBIT	$159M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$426M
Cost of Revenue	$117M
GROSS PROFIT	$309M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$29M
SG&A Expenses	$29M
Other Expenses	$49M
Operating Expenses	$78M
Cost & Expenses	$194M
OPERATING INCOME	$231M
Interest Income	$0
Interest Expense	$50M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$247M
Income Tax Expense	$3M
Net Income from Continuing Ops	$245M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$238M
D&A	$127M
EBIT	$159M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$239M
Depreciation & Amortization	$97M
Stock-Based Compensation	$0
Deferred Income Tax	-$29M
Other Non-Cash Items	-$136M
Change in Working Capital	$11M
OPERATING CASH FLOW	$246M
Capital Expenditure	-$254M
Acquisitions (Net)	-$210.0K
Purchases of Investments	-$210.0K
Sales/Maturities of Investments	$254M
Other Investing Activities	-$205M
NET CASH FROM INVESTING	-$205M
Net Debt Issuance	$185M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$117M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$62M
FREE CASH FLOW	-$9M
Net Change in Cash	$102M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$0
Net Receivables	$86M
Inventory	$0
Other Current Assets	$132M
TOTAL CURRENT ASSETS	$239M
PP&E (Net)	$3.1B
Goodwill	$0
Intangible Assets	$29M
Long-Term Investments	$18M
Tax Assets	$0
Other Non-Current Assets	$183M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$3.5B
Account Payables	$111M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$142M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$69M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$1.7B
Common Stock	$1M
Additional Paid-In Capital	$2.1B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$378M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$34M
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$1.5B
Net Debt	$1.5B