TRNO FY 2019 Earnings Report — Terreno Realty Corporation Revenue & Financial Results | Market Cap Arena

Terreno Realty CorporationTRNO

FY 2019 Earnings

Reported February 6, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$171M	—	$152M	—	12.8%
Op. Income	$103M	—	$82M	—	26.3%
Gross Margin	74.2%	—	73.6%	—	0.5pp
Net Margin	32.5%	—	41.7%	—	-9.3pp
EPS (Diluted)	$0.53	—	$1.10	—	-51.8%
Free Cash Flow	$63M	—	$49M	—	28.8%

Revenue Flow

Item	Amount
REVENUE	$171M
Cost of Revenue	$44M
GROSS PROFIT	$127M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$68M
OPERATING INCOME	$103M
Interest Income	$4M
Interest Expense	$16M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$56M
Income Tax Expense	$0
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$1
BOTTOM LINE NET INCOME	$55M
D&A	$39M
EBIT	$59M
EBITDA	$98M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$171M
Cost of Revenue	$44M
GROSS PROFIT	$127M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$68M
OPERATING INCOME	$103M
Interest Income	$4M
Interest Expense	$16M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$56M
Income Tax Expense	$0
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$1
BOTTOM LINE NET INCOME	$55M
D&A	$39M
EBIT	$59M
EBITDA	$98M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$56M
Depreciation & Amortization	$39M
Stock-Based Compensation	$11M
Deferred Income Tax	$0
Other Non-Cash Items	-$11M
Change in Working Capital	-$37.0K
OPERATING CASH FLOW	$95M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	-$239M
Sales/Maturities of Investments	$47M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$251M
Net Debt Issuance	$29M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$64M
Other Financing Activities	-$943.0K
NET CASH FROM FINANCING	$235M
FREE CASH FLOW	$63M
Net Change in Cash	$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$110M
Short-Term Investments	$0
Net Receivables	$16M
Inventory	$0
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$129M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$89M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.1B
Account Payables	$28M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$57M
Long-Term Debt	$492M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$534M
TOTAL LIABILITIES	$591M
Common Stock	$673.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$3M
Treasury Stock	$0
Accum. Other Comp. Income	-$437.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$492M
Net Debt	$381M