FR Q2 2018 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

Q2 2018 Earnings

Reported July 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$99M	—	$98M	—	1.3%
Op. Income	$47M	—	$64M	—	-27.2%
Gross Margin	71.1%	—	72.4%	—	-1.3pp
Net Margin	45.6%	—	38.4%	—	7.2pp
EPS (Diluted)	$0.36	—	$0.32	—	12.5%
Free Cash Flow	$57M	—	$54M	—	5.5%

Revenue Flow

Item	Amount
REVENUE	$99M
Cost of Revenue	$29M
GROSS PROFIT	$70M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$17M
Operating Expenses	$24M
Cost & Expenses	$52M
OPERATING INCOME	$47M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$2.0K
INCOME BEFORE TAX	$47M
Income Tax Expense	$123.0K
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$30M
EBIT	$35M
EBITDA	$65M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$99M
Cost of Revenue	$29M
GROSS PROFIT	$70M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$17M
Operating Expenses	$24M
Cost & Expenses	$52M
OPERATING INCOME	$47M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$2.0K
INCOME BEFORE TAX	$47M
Income Tax Expense	$123.0K
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$30M
EBIT	$35M
EBITDA	$65M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	-$188.0K
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$24M
Change in Working Capital	$4M
OPERATING CASH FLOW	$57M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$64M
NET CASH FROM INVESTING	-$64M
Net Debt Issuance	-$102M
Common Stock Repurchased	$0
Common Dividends Paid	-$27M
Other Financing Activities	-$166.0K
NET CASH FROM FINANCING	$17M
FREE CASH FLOW	$57M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$0
Net Receivables	$76M
Inventory	$0
Other Current Assets	$111M
TOTAL CURRENT ASSETS	$260M
PP&E (Net)	$2.8B
Goodwill	$0
Intangible Assets	$30M
Long-Term Investments	$24M
Tax Assets	$0
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$3.1B
Account Payables	$72M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$100M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$54M
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	-$507M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$38M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.3B
Net Debt	$1.2B