TRNO FY 2017 Earnings Report — Terreno Realty Corporation Revenue & Financial Results | Market Cap Arena

Terreno Realty CorporationTRNO

FY 2017 Earnings

Reported February 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$132M	—	$108M	—	22.2%
Op. Income	$70M	—	$28M	—	148.0%
Gross Margin	72.9%	—	72.0%	—	0.9pp
Net Margin	40.1%	—	13.9%	—	26.1pp
EPS (Diluted)	$0.95	—	$0.26	—	265.4%
Free Cash Flow	$42M	—	$22M	—	88.7%

Revenue Flow

Item	Amount
REVENUE	$132M
Cost of Revenue	$36M
GROSS PROFIT	$97M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$38M
Operating Expenses	$58M
Cost & Expenses	$93M
OPERATING INCOME	$70M
Interest Income	$169.0K
Interest Expense	$17M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$53M
Income Tax Expense	$17M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$93M
EBIT	$70M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$132M
Cost of Revenue	$36M
GROSS PROFIT	$97M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$38M
Operating Expenses	$58M
Cost & Expenses	$93M
OPERATING INCOME	$70M
Interest Income	$169.0K
Interest Expense	$17M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$53M
Income Tax Expense	$17M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$93M
EBIT	$70M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$36M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	-$33M
Change in Working Capital	$5M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	-$297M
Sales/Maturities of Investments	$75M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$249M
Net Debt Issuance	$47M
Common Stock Repurchased	-$49M
Common Dividends Paid	-$42M
Other Financing Activities	-$872.0K
NET CASH FROM FINANCING	$204M
FREE CASH FLOW	$42M
Net Change in Cash	$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$36M
Short-Term Investments	$0
Net Receivables	$23M
Inventory	-$30.0K
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$43M
PP&E (Net)	$1.5B
Goodwill	$0
Intangible Assets	$76M
Long-Term Investments	$30.0K
Tax Assets	-$1.5B
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.6B
Account Payables	$21M
Short-Term Debt	$0
Deferred Revenue	-$248M
Other Current Liabilities	$227M
TOTAL CURRENT LIABILITIES	$45M
Long-Term Debt	$462M
Deferred Revenue NC	$540M
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	-$169M
TOTAL NON-CURRENT LIABILITIES	$495M
TOTAL LIABILITIES	$540M
Common Stock	$553.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$5M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$441M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$462M
Net Debt	$426M