ILPT FY 2015 Earnings Report — Industrial Logistics Properties Trust Revenue & Financial Results | Market Cap Arena

Industrial Logistics Properties TrustILPT

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$148M	—	—	—	—
Op. Income	$74M	—	—	—	—
Gross Margin	89.0%	—	—	—	—
Net Margin	48.4%	—	—	—	—
EPS (Diluted)	$1.05	—	—	—	—
Free Cash Flow	$86M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$148M
Cost of Revenue	$16M
GROSS PROFIT	$132M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$34M
Operating Expenses	$43M
Cost & Expenses	$59M
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$72M
Income Tax Expense	$44.0K
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$24M
EBIT	$74M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$148M
Cost of Revenue	$16M
GROSS PROFIT	$132M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$34M
Operating Expenses	$43M
Cost & Expenses	$59M
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$72M
Income Tax Expense	$44.0K
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$24M
EBIT	$74M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$24M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$6M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$87M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	-$605M
NET CASH FROM INVESTING	-$605M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$146M
Other Financing Activities	$663M
NET CASH FROM FINANCING	$517M
FREE CASH FLOW	$86M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	-$25M
Short-Term Investments	$0
Net Receivables	$41M
Inventory	$66M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$41M
PP&E (Net)	$100M
Goodwill	$0
Intangible Assets	$100M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.4B
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$4M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$14M
Long-Term Debt	$89M
Deferred Revenue NC	$4M
Deferred Tax Liabilities	-$4M
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$95M
TOTAL LIABILITIES	$109M
Common Stock	$1.3B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$24M
Other Equity	$24M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$89M
Net Debt	$114M