TRNO FY 2022 Earnings Report — Terreno Realty Corporation Revenue & Financial Results | Market Cap Arena

Terreno Realty CorporationTRNO

FY 2022 Earnings

Reported February 8, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$276M	—	$222M	—	24.5%
Op. Income	$110M	—	$88M	—	25.4%
Gross Margin	75.1%	—	74.7%	—	0.4pp
Net Margin	71.7%	—	39.3%	—	32.4pp
EPS (Diluted)	$2.61	—	$0.87	—	200.0%
Free Cash Flow	$77M	—	$81M	—	-5.3%

Revenue Flow

Item	Amount
REVENUE	$276M
Cost of Revenue	$69M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$66M
Operating Expenses	$97M
Cost & Expenses	$166M
OPERATING INCOME	$110M
Interest Income	$809.0K
Interest Expense	$24M
Other Income/Expenses	$88M
INCOME BEFORE TAX	$198M
Income Tax Expense	$0
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$66M
EBIT	$222M
EBITDA	$288M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$276M
Cost of Revenue	$69M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$66M
Operating Expenses	$97M
Cost & Expenses	$166M
OPERATING INCOME	$110M
Interest Income	$809.0K
Interest Expense	$24M
Other Income/Expenses	$88M
INCOME BEFORE TAX	$198M
Income Tax Expense	$0
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$66M
EBIT	$222M
EBITDA	$288M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$198M
Depreciation & Amortization	$49M
Stock-Based Compensation	$10M
Deferred Income Tax	$0
Other Non-Cash Items	-$120M
Change in Working Capital	$6M
OPERATING CASH FLOW	$143M
Capital Expenditure	-$67M
Acquisitions (Net)	$0
Purchases of Investments	-$433M
Sales/Maturities of Investments	$162M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$338M
Net Debt Issuance	$50M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$107M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$18M
FREE CASH FLOW	$77M
Net Change in Cash	-$177M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$47M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$75M
PP&E (Net)	$3.0B
Goodwill	$0
Intangible Assets	$37M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$3.2B
Account Payables	$50M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$80M
Long-Term Debt	$771M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$854M
TOTAL LIABILITIES	$935M
Common Stock	$765.0K
Additional Paid-In Capital	$2.2B
Retained Earnings	$88M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	-$1
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$771M
Net Debt	$744M