TRNO FY 2021 Earnings Report — Terreno Realty Corporation Revenue & Financial Results | Market Cap Arena

Terreno Realty CorporationTRNO

FY 2021 Earnings

Reported February 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$222M	—	$187M	—	18.8%
Op. Income	$88M	—	$114M	—	-23.0%
Gross Margin	74.7%	—	73.7%	—	0.9pp
Net Margin	39.3%	—	42.7%	—	-3.4pp
EPS (Diluted)	$0.87	—	$0.86	—	1.2%
Free Cash Flow	$81M	—	$69M	—	16.5%

Revenue Flow

Item	Amount
REVENUE	$222M
Cost of Revenue	$56M
GROSS PROFIT	$166M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$51M
Operating Expenses	$78M
Cost & Expenses	$134M
OPERATING INCOME	$88M
Interest Income	$822.0K
Interest Expense	$18M
Other Income/Expenses	-$777.0K
INCOME BEFORE TAX	$87M
Income Tax Expense	$0
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	$51M
EBIT	$105M
EBITDA	$156M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$222M
Cost of Revenue	$56M
GROSS PROFIT	$166M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$51M
Operating Expenses	$78M
Cost & Expenses	$134M
OPERATING INCOME	$88M
Interest Income	$822.0K
Interest Expense	$18M
Other Income/Expenses	-$777.0K
INCOME BEFORE TAX	$87M
Income Tax Expense	$0
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	$51M
EBIT	$105M
EBITDA	$156M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$43M
Stock-Based Compensation	$10M
Deferred Income Tax	$0
Other Non-Cash Items	-$24M
Change in Working Capital	$16M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$51M
Acquisitions (Net)	$0
Purchases of Investments	-$645M
Sales/Maturities of Investments	$41M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$666M
Net Debt Issuance	$264M
Common Stock Repurchased	-$582.0K
Common Dividends Paid	-$85M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$631M
FREE CASH FLOW	$81M
Net Change in Cash	$97M

Balance Sheet

Item	Amount
Cash & Equivalents	$204M
Short-Term Investments	$0
Net Receivables	$39M
Inventory	$0
Other Current Assets	$397.0K
TOTAL CURRENT ASSETS	$244M
PP&E (Net)	$2.6B
Goodwill	$0
Intangible Assets	$38M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$2.9B
Account Payables	$45M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$71M
Long-Term Debt	$721M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$75M
TOTAL NON-CURRENT LIABILITIES	$796M
TOTAL LIABILITIES	$866M
Common Stock	$752.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$3M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$721M
Net Debt	$516M