FR FY 2021 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

FY 2021 Earnings

Reported February 17, 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	$476M	—	—	—	—
Op. Income	$179M	—	—	—	—
Gross Margin	72.4%	—	—	—	—
Net Margin	56.9%	—	—	—	—
EPS (Diluted)	$2.09	—	—	—	—
Free Cash Flow	$34M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$476M
Cost of Revenue	$131M
GROSS PROFIT	$345M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$131M
Operating Expenses	$166M
Cost & Expenses	$297M
OPERATING INCOME	$179M
Interest Income	$0
Interest Expense	$48M
Other Income/Expenses	$103M
INCOME BEFORE TAX	$282M
Income Tax Expense	$5M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$271M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$271M
D&A	$139M
EBIT	$326M
EBITDA	$465M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$476M
Cost of Revenue	$131M
GROSS PROFIT	$345M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$131M
Operating Expenses	$166M
Cost & Expenses	$297M
OPERATING INCOME	$179M
Interest Income	$0
Interest Expense	$48M
Other Income/Expenses	$103M
INCOME BEFORE TAX	$282M
Income Tax Expense	$5M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$271M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$271M
D&A	$139M
EBIT	$326M
EBITDA	$465M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$271M
Depreciation & Amortization	$108M
Stock-Based Compensation	$0
Deferred Income Tax	-$31M
Other Non-Cash Items	-$94M
Change in Working Capital	$14M
OPERATING CASH FLOW	$267M
Capital Expenditure	-$233M
Acquisitions (Net)	-$2M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$235M
Other Investing Activities	-$415M
NET CASH FROM INVESTING	-$417M
Net Debt Issuance	$15M
Common Stock Repurchased	$0
Common Dividends Paid	-$140M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	$34M
Net Change in Cash	-$141M

Balance Sheet

Item	Amount
Cash & Equivalents	$59M
Short-Term Investments	$0
Net Receivables	$104M
Inventory	$0
Other Current Assets	$152M
TOTAL CURRENT ASSETS	$314M
PP&E (Net)	$3.8B
Goodwill	$0
Intangible Assets	$21M
Long-Term Investments	$36M
Tax Assets	$0
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$4.2B
Account Payables	$150M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$37M
TOTAL CURRENT LIABILITIES	$190M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$108M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$1.9B
Common Stock	$1M
Additional Paid-In Capital	$2.4B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$183M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$54M
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$1.6B
Net Debt	$1.6B