FR Q3 2017 Earnings Report — First Industrial Realty Trust, Inc. Revenue & Financial Results | Market Cap Arena

First Industrial Realty Trust, Inc.FR

Q3 2017 Earnings

Reported October 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$99M	$98M	$94M	1.8%	6.1%
Op. Income	$64M	$64M	$60M	0.7%	7.4%
Gross Margin	71.4%	72.4%	70.4%	-1.1pp	0.9pp
Net Margin	43.4%	38.4%	33.6%	5.0pp	9.8pp
EPS (Diluted)	$0.36	$0.32	$0.27	12.5%	33.3%
Free Cash Flow	$54M	$54M	$53M	0.9%	2.3%

Revenue Flow

Item	Amount
REVENUE	$99M
Cost of Revenue	$28M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$6M
Cost & Expenses	$35M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$45M
Income Tax Expense	-$21.0K
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$31M
EBIT	$35M
EBITDA	$66M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$99M
Cost of Revenue	$28M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$6M
Cost & Expenses	$35M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$45M
Income Tax Expense	-$21.0K
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$31M
EBIT	$35M
EBITDA	$66M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$30M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$24M
Change in Working Capital	$3M
OPERATING CASH FLOW	$54M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$58M
NET CASH FROM INVESTING	-$58M
Net Debt Issuance	$27M
Common Stock Repurchased	$0
Common Dividends Paid	-$26M
Other Financing Activities	-$89.0K
NET CASH FROM FINANCING	$1M
FREE CASH FLOW	$54M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$74M
Inventory	$0
Other Current Assets	$110M
TOTAL CURRENT ASSETS	$197M
PP&E (Net)	$2.7B
Goodwill	$0
Intangible Assets	$31M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$2.9B
Account Payables	$79M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$106M
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.5B
Common Stock	$1M
Additional Paid-In Capital	$2.0B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$618M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$46M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$1.4B
Net Debt	$1.4B