FR Q3 2016 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

Q3 2016 Earnings

Reported October 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$94M	$93M	—	0.6%	—
Op. Income	$60M	$60M	—	0.6%	—
Gross Margin	70.4%	70.9%	—	-0.5pp	—
Net Margin	33.6%	53.8%	—	-20.2pp	—
EPS (Diluted)	$0.27	$0.43	—	-37.2%	—
Free Cash Flow	$53M	$47M	—	12.2%	—

Revenue Flow

Item	Amount
REVENUE	$94M
Cost of Revenue	$28M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$6M
Cost & Expenses	$34M
OPERATING INCOME	$60M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$33M
Income Tax Expense	$51.0K
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$30M
EBIT	$31M
EBITDA	$61M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$94M
Cost of Revenue	$28M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$6M
Cost & Expenses	$34M
OPERATING INCOME	$60M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$33M
Income Tax Expense	$51.0K
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$30M
EBIT	$31M
EBITDA	$61M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$29M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$16M
Change in Working Capital	$6M
OPERATING CASH FLOW	$53M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$39M
NET CASH FROM INVESTING	-$39M
Net Debt Issuance	$13M
Common Stock Repurchased	-$12.0K
Common Dividends Paid	-$23M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$10M
FREE CASH FLOW	$53M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$8M
Short-Term Investments	$0
Net Receivables	$70M
Inventory	$0
Other Current Assets	$90M
TOTAL CURRENT ASSETS	$169M
PP&E (Net)	$2.6B
Goodwill	$0
Intangible Assets	$30M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$2.8B
Account Payables	$80M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$104M
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	$1.9B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$666M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$44M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$1.3B
Net Debt	$1.3B