FR FY 2022 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

FY 2022 Earnings

Reported February 15, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$540M	—	$476M	—	13.4%
Op. Income	$214M	—	$179M	—	19.2%
Gross Margin	73.4%	—	72.4%	—	1.0pp
Net Margin	66.5%	—	56.9%	—	9.6pp
EPS (Diluted)	$2.72	—	$2.09	—	30.1%
Free Cash Flow	-$111M	—	$34M	—	-429.3%

Revenue Flow

Item	Amount
REVENUE	$540M
Cost of Revenue	$144M
GROSS PROFIT	$396M
R&D Expenses	$909.0K
Selling & Marketing	$0
General & Administrative	$34M
SG&A Expenses	$34M
Other Expenses	$147M
Operating Expenses	$182M
Cost & Expenses	$326M
OPERATING INCOME	$214M
Interest Income	$0
Interest Expense	$49M
Other Income/Expenses	$191M
INCOME BEFORE TAX	$405M
Income Tax Expense	$23M
Net Income from Continuing Ops	$382M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$359M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	$152M
EBIT	$339M
EBITDA	$491M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$540M
Cost of Revenue	$144M
GROSS PROFIT	$396M
R&D Expenses	$909.0K
Selling & Marketing	$0
General & Administrative	$34M
SG&A Expenses	$34M
Other Expenses	$147M
Operating Expenses	$182M
Cost & Expenses	$326M
OPERATING INCOME	$214M
Interest Income	$0
Interest Expense	$49M
Other Income/Expenses	$191M
INCOME BEFORE TAX	$405M
Income Tax Expense	$23M
Net Income from Continuing Ops	$382M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$359M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	$152M
EBIT	$339M
EBITDA	$491M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$359M
Depreciation & Amortization	$119M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$94M
Change in Working Capital	$26M
OPERATING CASH FLOW	$411M
Capital Expenditure	-$522M
Acquisitions (Net)	-$6M
Purchases of Investments	-$6M
Sales/Maturities of Investments	$175M
Other Investing Activities	-$271M
NET CASH FROM INVESTING	-$629M
Net Debt Issuance	$460M
Common Stock Repurchased	$0
Common Dividends Paid	-$155M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	$305M
FREE CASH FLOW	-$111M
Net Change in Cash	$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$133M
Short-Term Investments	$0
Net Receivables	$130M
Inventory	$0
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$312M
PP&E (Net)	$4.4B
Goodwill	$0
Intangible Assets	$24M
Long-Term Investments	$9M
Tax Assets	$0
Other Non-Current Assets	$163M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$5.0B
Account Payables	$179M
Short-Term Debt	$253.0K
Deferred Revenue	$0
Other Current Liabilities	$41M
TOTAL CURRENT LIABILITIES	$220M
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$115M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$2.4B
Common Stock	$1M
Additional Paid-In Capital	$2.4B
Retained Earnings	$23M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$33M
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$71M
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$2.1B
Net Debt	$2.0B