FR Q2 2019 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

Q2 2019 Earnings

Reported July 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$104M	—	$99M	—	5.1%
Op. Income	$28M	—	$47M	—	-39.5%
Gross Margin	73.6%	—	71.1%	—	2.5pp
Net Margin	38.2%	—	45.6%	—	-7.4pp
EPS (Diluted)	$0.31	—	$0.36	—	-13.9%
Free Cash Flow	$78M	—	$57M	—	38.0%

Revenue Flow

Item	Amount
REVENUE	$104M
Cost of Revenue	$27M
GROSS PROFIT	$76M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$42M
Operating Expenses	$48M
Cost & Expenses	$76M
OPERATING INCOME	$28M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$44M
Income Tax Expense	$3M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$31M
EBIT	$40M
EBITDA	$71M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$104M
Cost of Revenue	$27M
GROSS PROFIT	$76M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$42M
Operating Expenses	$48M
Cost & Expenses	$76M
OPERATING INCOME	$28M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$44M
Income Tax Expense	$3M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$31M
EBIT	$40M
EBITDA	$71M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$32M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$9M
Change in Working Capital	$16M
OPERATING CASH FLOW	$78M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$101M
NET CASH FROM INVESTING	-$101M
Net Debt Issuance	$54M
Common Stock Repurchased	$0
Common Dividends Paid	-$30M
Other Financing Activities	$0
NET CASH FROM FINANCING	$25M
FREE CASH FLOW	$78M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$0
Net Receivables	$82M
Inventory	$0
Other Current Assets	$103M
TOTAL CURRENT ASSETS	$219M
PP&E (Net)	$3.0B
Goodwill	$0
Intangible Assets	$29M
Long-Term Investments	$18M
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$3.3B
Account Payables	$98M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$129M
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$55M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$1.6B
Common Stock	$1M
Additional Paid-In Capital	$2.1B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$494M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$38M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.4B
Net Debt	$1.4B