TRNO FY 2018 Earnings Report — Terreno Realty Corporation Revenue & Financial Results | Market Cap Arena

Terreno Realty CorporationTRNO

FY 2018 Earnings

Reported February 6, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$152M	—	$132M	—	14.5%
Op. Income	$82M	—	$70M	—	16.6%
Gross Margin	73.6%	—	72.9%	—	0.7pp
Net Margin	41.7%	—	40.1%	—	1.7pp
EPS (Diluted)	$1.10	—	$0.95	—	15.8%
Free Cash Flow	$49M	—	$42M	—	15.5%

Revenue Flow

Item	Amount
REVENUE	$152M
Cost of Revenue	$40M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$41M
Operating Expenses	$62M
Cost & Expenses	$102M
OPERATING INCOME	$82M
Interest Income	$4M
Interest Expense	$18M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$63M
Income Tax Expense	$18M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$102M
EBIT	$82M
EBITDA	$122M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$152M
Cost of Revenue	$40M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$41M
Operating Expenses	$62M
Cost & Expenses	$102M
OPERATING INCOME	$82M
Interest Income	$4M
Interest Expense	$18M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$63M
Income Tax Expense	$18M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$102M
EBIT	$82M
EBITDA	$122M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$37M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	-$31M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	-$222M
Sales/Maturities of Investments	$80M
Other Investing Activities	-$54M
NET CASH FROM INVESTING	-$235M
Net Debt Issuance	-$201.0K
Common Stock Repurchased	-$4M
Common Dividends Paid	-$51M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$149M
FREE CASH FLOW	$49M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$0
Net Receivables	$54M
Inventory	-$25.0K
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$89M
PP&E (Net)	$1.7B
Goodwill	$0
Intangible Assets	$79M
Long-Term Investments	$26.0K
Tax Assets	-$1.7B
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$1.8B
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$197M
TOTAL CURRENT LIABILITIES	$71M
Long-Term Debt	$462M
Deferred Revenue NC	$549M
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	-$162M
TOTAL NON-CURRENT LIABILITIES	$478M
TOTAL LIABILITIES	$549M
Common Stock	$610.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$14M
Treasury Stock	$0
Accum. Other Comp. Income	-$761.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$451M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$462M
Net Debt	$431M