Income Statement

Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 284.08 383.63 257.20 193.32
Revenue 284.08 383.63 257.20 193.32
Total Revenue 284.08 383.63 257.20 193.32
Cost of Revenue 156.45 266.57 150.83 112.23
Cost of Revenue, Total 156.45 266.57 150.83 112.23
Gross Profit 127.63 117.07 106.37 81.08
Selling/General/Administrative Expense 14.61 12.91 12.39 11.43
Selling/General/Administrative Expenses, Total 14.61 12.91 12.39 11.43
Depreciation 69.88 60.56 54.94 39.91
Depreciation/Amortization 69.88 60.56 54.94 39.91
Impairment-Assets Held for Use 21.38 0.67 0.25 1.62
Loss (Gain) on Sale of Assets - Operating -18.93 -5.80 -3.86 -3.90
Other Unusual Expense (Income) 3.81 -- -- 0.01
Unusual Expense (Income) 6.26 -5.14 -3.60 -2.27
Total Operating Expense 247.19 334.89 214.56 161.31
Operating Income 36.89 48.74 42.64 32.01
Interest Expense - Non-Operating -33.91 -31.04 -31.34 -19.09
Interest Expense, Net Non-Operating -33.91 -31.04 -31.34 -19.09
Interest Income, Non-Operating 18.46 19.84 23.22 10.73
Investment Income, Non-Operating 2.18 -1.13 -3.33 -0.58
Interest/Investment Income, Non-Operating 20.64 18.71 19.89 10.15
Interest Income (Expense), Net-Non-Operating, Total -13.27 -12.32 -11.46 -8.94
Gain (Loss) on Sale of Assets -- -- -- --
Other Non-Operating Income (Expense) 1.09 0.26 0.59 0.39
Other, Net 1.09 0.26 0.59 0.39
Net Income Before Taxes 24.71 36.68 31.77 23.46
Income Tax – Total -0.74 -0.28 -0.49 -0.03
Income After Tax 25.46 36.96 32.26 23.49
Minority Interest -3.56 -7.81 -8.21 -6.29
Net Income Before Extraordinary Items 21.89 29.15 24.05 17.20
Discontinued Operations -- -- -- --
Extraordinary Item -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income 21.89 29.15 24.05 17.20
Preferred Dividends -11.55 -7.35 -2.46 --
Miscellaneous Earnings Adjustment -- -- -- --
Total Adjustments to Net Income -11.55 -7.35 -2.46 --
Income Available to Common Excluding Extraordinary Items 10.34 21.80 21.60 17.20
Income Available to Common Stocks Including Extraordinary Items 10.34 21.80 21.60 17.20
Basic Weighted Average Shares 60.65 57.33 53.12 64.75
Basic EPS Excluding Extraordinary Items 0.17 0.38 0.41 0.27
Basic EPS Including Extraordinary Items 0.17 0.38 0.41 0.27
Diluted Net Income 10.34 21.80 21.60 17.20
Diluted Weighted Average Shares 60.65 57.33 53.12 64.75
Diluted EPS Excluding Extraordinary Items 0.17 0.38 0.41 0.27
Diluted EPS Including Extraordinary Items 0.17 0.38 0.41 0.27
DPS - Common Stock Primary Issue 0.64 0.44 0.84 0.80
Gross Dividends - Common Stock 39.35 25.30 45.45 38.74
Total Special Items 6.26 -5.14 -3.60 -2.27
Normalized Income Before Taxes 30.97 31.54 28.16 21.19
Effect of Special Items on Income Taxes 2.19 -1.80 -1.26 -0.80
Income Taxes Excluding Impact of Special Items 1.45 -2.08 -1.75 -0.82
Normalized Income After Taxes 29.52 33.62 29.92 22.02
Normalized Income Available to Common 14.41 18.46 19.26 15.73
Basic Normalized EPS 0.24 0.32 0.36 0.24
Diluted Normalized EPS 0.24 0.32 0.36 0.24
Funds From Operations - REIT 85.35 83.00 79.99 64.34
Amortization of Intangibles, Supplemental 17.30 16.30 16.73 9.52
Depreciation, Supplemental 51.55 43.67 38.22 30.40
Interest Expense, Supplemental 33.91 31.04 31.34 19.09
Rental Expense, Supplemental 2.45 1.66 2.70 2.40
Stock-Based Compensation, Supplemental 2.23 2.38 1.61 1.28
Equity in Affiliates, Supplemental -- 0.00 0.27 0.37
Minority Interest, Supplemental -3.56 -7.81 -8.21 -6.29
Audit-Related Fees, Supplemental 1.24 1.30 1.28 1.19
Audit-Related Fees -- -- -- --
Tax Fees, Supplemental 0.35 0.39 0.31 0.27
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Gross Margin 44.93 30.52 41.36 41.94
Operating Margin 12.98 12.71 16.58 16.56
Pretax Margin 8.70 9.56 12.35 12.14
Effective Tax Rate -3.00 -0.77 -1.55 -0.12
Net Profit Margin 3.64 5.68 8.40 8.90
Normalized EBIT 43.15 43.60 39.03 29.74
Normalized EBITDA 112.00 103.58 93.98 69.65
Current Tax - Domestic -0.72 -0.29 -0.43 -0.01
Current Tax - Local -0.14 -0.01 0.02 0.00
Current Tax - Total -0.86 -0.30 -0.41 -0.02
Deferred Tax - Domestic 0.10 0.02 -0.09 0.04
Deferred Tax - Local 0.02 0.00 0.00 0.01
Deferred Tax - Total 0.12 0.02 -0.08 0.04
Other Tax -- -- -- -0.06
Income Tax - Total -0.74 -0.28 -0.49 -0.03
FFO per Share (Diluted) 1.07 1.06 1.10 0.99
Adjusted FFO (AFFO) 70.27 62.45 64.41 58.38
Adjusted FFO per Share (Diluted) 0.86 0.80 0.89 0.90
Net Operating Income (NOI) 123.79 109.39 102.05 78.35

In millions of USD (except for per share items)

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