ILPT FY 2016 Earnings Report — Industrial Logistics Properties Trust Revenue & Financial Results | Market Cap Arena

Industrial Logistics Properties TrustILPT

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$153M	—	$148M	—	3.7%
Op. Income	$89M	—	$74M	—	20.9%
Gross Margin	88.8%	—	89.0%	—	-0.2pp
Net Margin	56.7%	—	48.4%	—	8.2pp
EPS (Diluted)	$1.28	—	$1.05	—	21.9%
Free Cash Flow	$108M	—	$86M	—	25.4%

Revenue Flow

Item	Amount
REVENUE	$153M
Cost of Revenue	$17M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$38M
Operating Expenses	$47M
Cost & Expenses	$64M
OPERATING INCOME	$89M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$87M
Income Tax Expense	$44.0K
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$26M
EBIT	$89M
EBITDA	$116M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$153M
Cost of Revenue	$17M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$38M
Operating Expenses	$47M
Cost & Expenses	$64M
OPERATING INCOME	$89M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$87M
Income Tax Expense	$44.0K
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$26M
EBIT	$89M
EBITDA	$116M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$26M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$6M
Change in Working Capital	$2M
OPERATING CASH FLOW	$109M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$1M
Net Debt Issuance	-$16.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$154M
Other Financing Activities	$46M
NET CASH FROM FINANCING	-$108M
FREE CASH FLOW	$108M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	-$22M
Short-Term Investments	$0
Net Receivables	$47M
Inventory	-$1.4B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$47M
PP&E (Net)	$90M
Goodwill	$0
Intangible Assets	$90M
Long-Term Investments	-$1.4B
Tax Assets	$1.4B
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	$7M
Other Current Liabilities	$623.0K
TOTAL CURRENT LIABILITIES	$17M
Long-Term Debt	$64M
Deferred Revenue NC	$7M
Deferred Tax Liabilities	-$7M
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$92M
TOTAL LIABILITIES	$109M
Common Stock	$1.3B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$34M
Other Equity	$34M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$87M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$87M
Net Debt	$109M