FR Q2 2017 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

Q2 2017 Earnings

Reported July 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$98M	—	$93M	—	4.9%
Op. Income	$64M	—	$60M	—	7.3%
Gross Margin	72.4%	—	70.9%	—	1.5pp
Net Margin	38.4%	—	53.8%	—	-15.4pp
EPS (Diluted)	$0.32	—	$0.43	—	-25.6%
Free Cash Flow	$54M	—	$47M	—	13.7%

Revenue Flow

Item	Amount
REVENUE	$98M
Cost of Revenue	$27M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$0
Operating Expenses	$7M
Cost & Expenses	$34M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$40M
Income Tax Expense	$1M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$30M
EBIT	$35M
EBITDA	$65M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$98M
Cost of Revenue	$27M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$0
Operating Expenses	$7M
Cost & Expenses	$34M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$40M
Income Tax Expense	$1M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$30M
EBIT	$35M
EBITDA	$65M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	-$166.0K
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$20M
Change in Working Capital	$5M
OPERATING CASH FLOW	$54M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$79M
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$29M
Common Stock Repurchased	$0
Common Dividends Paid	-$25M
Other Financing Activities	$73M
NET CASH FROM FINANCING	$18M
FREE CASH FLOW	$54M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$73M
Inventory	$0
Other Current Assets	$94M
TOTAL CURRENT ASSETS	$180M
PP&E (Net)	$2.7B
Goodwill	$0
Intangible Assets	$30M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$2.9B
Account Payables	$62M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$89M
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	$2.0B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$636M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$45M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$1.3B
Net Debt	$1.3B