FR Q2 2021 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

Q2 2021 Earnings

Reported July 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$117M	—	$109M	—	7.5%
Op. Income	$55M	—	$37M	—	49.4%
Gross Margin	72.9%	—	74.3%	—	-1.4pp
Net Margin	44.2%	—	32.6%	—	11.6pp
EPS (Diluted)	$0.40	—	$0.28	—	42.9%
Free Cash Flow	$15M	—	$77M	—	-80.4%

Revenue Flow

Item	Amount
REVENUE	$117M
Cost of Revenue	$32M
GROSS PROFIT	$86M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	$22M
Operating Expenses	$31M
Cost & Expenses	$63M
OPERATING INCOME	$55M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$66.0K
INCOME BEFORE TAX	$55M
Income Tax Expense	$2M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$35M
EBIT	$45M
EBITDA	$79M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$117M
Cost of Revenue	$32M
GROSS PROFIT	$86M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	$22M
Operating Expenses	$31M
Cost & Expenses	$63M
OPERATING INCOME	$55M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$66.0K
INCOME BEFORE TAX	$55M
Income Tax Expense	$2M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$35M
EBIT	$45M
EBITDA	$79M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$32M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$22M
Change in Working Capital	$15M
OPERATING CASH FLOW	$77M
Capital Expenditure	-$62M
Acquisitions (Net)	-$580.0K
Purchases of Investments	-$132M
Sales/Maturities of Investments	$36M
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$140M
Net Debt Issuance	$961.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$36M
Other Financing Activities	-$4.0K
NET CASH FROM FINANCING	-$35M
FREE CASH FLOW	$15M
Net Change in Cash	-$97M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$0
Net Receivables	$98M
Inventory	$0
Other Current Assets	$178M
TOTAL CURRENT ASSETS	$332M
PP&E (Net)	$3.5B
Goodwill	$0
Intangible Assets	$23M
Long-Term Investments	$36M
Tax Assets	$0
Other Non-Current Assets	$418.0K
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$3.9B
Account Payables	$113M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$36M
TOTAL CURRENT LIABILITIES	$149M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$87M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$1.9B
Common Stock	$1M
Additional Paid-In Capital	$2.2B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$274M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$51M
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$1.6B
Net Debt	$1.6B