FR Q2 2020 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

Q2 2020 Earnings

Reported July 24, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$109M	—	$104M	—	5.1%
Op. Income	$37M	—	$28M	—	30.4%
Gross Margin	74.3%	—	73.6%	—	0.7pp
Net Margin	32.6%	—	38.2%	—	-5.6pp
EPS (Diluted)	$0.28	—	$0.31	—	-9.7%
Free Cash Flow	$77M	—	$78M	—	-1.5%

Revenue Flow

Item	Amount
REVENUE	$109M
Cost of Revenue	$28M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	$36M
Operating Expenses	$44M
Cost & Expenses	$72M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$45.0K
INCOME BEFORE TAX	$37M
Income Tax Expense	$221.0K
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$34M
EBIT	$41M
EBITDA	$75M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$109M
Cost of Revenue	$28M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	$36M
Operating Expenses	$44M
Cost & Expenses	$72M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$45.0K
INCOME BEFORE TAX	$37M
Income Tax Expense	$221.0K
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$34M
EBIT	$41M
EBITDA	$75M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$32M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$8M
Change in Working Capital	$17M
OPERATING CASH FLOW	$77M
Capital Expenditure	$0
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$59M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	-$16M
Common Stock Repurchased	$0
Common Dividends Paid	-$32M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$77M
Net Change in Cash	-$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$0
Net Receivables	$87M
Inventory	$0
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$188M
PP&E (Net)	$3.2B
Goodwill	$0
Intangible Assets	$27M
Long-Term Investments	$22M
Tax Assets	$0
Other Non-Current Assets	$167M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$3.7B
Account Payables	$83M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$33M
TOTAL CURRENT LIABILITIES	$119M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$67M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$1.9B
Common Stock	$1M
Additional Paid-In Capital	$2.1B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$384M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$38M
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$1.7B
Net Debt	$1.6B