Income Statement

Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Net Sales 383.63 257.20 193.32 302.77
Revenue 383.63 257.20 193.32 302.77
Total Revenue 383.63 257.20 193.32 302.77
Cost of Revenue 266.57 150.83 112.23 222.54
Cost of Revenue, Total 266.57 150.83 112.23 222.54
Gross Profit 117.07 106.37 81.08 80.23
Selling/General/Administrative Expense 12.91 12.39 11.43 10.44
Selling/General/Administrative Expenses, Total 12.91 12.39 11.43 10.44
Depreciation 60.56 54.94 39.91 37.32
Depreciation/Amortization 60.56 54.94 39.91 37.32
Impairment-Assets Held for Use 0.67 0.25 1.62 0.11
Loss (Gain) on Sale of Assets - Operating -5.80 -3.86 -3.90 0.65
Other Unusual Expense (Income) -- -- 0.01 0.05
Unusual Expense (Income) -5.14 -3.60 -2.27 0.81
Total Operating Expense 334.89 214.56 161.31 271.10
Operating Income 48.74 42.64 32.01 31.67
Interest Expense - Non-Operating -31.04 -31.34 -19.09 -17.44
Interest Expense, Net Non-Operating -31.04 -31.34 -19.09 -17.44
Interest Income, Non-Operating 19.84 23.22 10.73 7.08
Investment Income, Non-Operating -1.13 -3.33 -0.58 1.13
Interest/Investment Income, Non-Operating 18.71 19.89 10.15 8.20
Interest Income (Expense), Net-Non-Operating, Total -12.32 -11.46 -8.94 -9.24
Gain (Loss) on Sale of Assets -- -- -- 8.09
Other Non-Operating Income (Expense) 0.26 0.59 0.39 0.13
Other, Net 0.26 0.59 0.39 0.13
Net Income Before Taxes 36.68 31.77 23.46 30.65
Income Tax – Total -0.28 -0.49 -0.03 0.53
Income After Tax 36.96 32.26 23.49 30.13
Minority Interest -7.81 -8.21 -6.29 -8.88
Net Income Before Extraordinary Items 29.15 24.05 17.20 21.25
Discontinued Operations -- -- -- --
Extraordinary Item -- -- -- -0.20
Total Extraordinary Items -- -- -- -0.20
Net Income 29.15 24.05 17.20 21.05
Preferred Dividends -7.35 -2.46 -- --
Miscellaneous Earnings Adjustment -- -- -- --
Total Adjustments to Net Income -7.35 -2.46 -- --
Income Available to Common Excluding Extraordinary Items 21.80 21.60 17.20 21.25
Income Available to Common Stocks Including Extraordinary Items 21.80 21.60 17.20 21.05
Basic Weighted Average Shares 57.33 53.12 64.75 60.18
Basic EPS Excluding Extraordinary Items 0.38 0.41 0.27 0.35
Basic EPS Including Extraordinary Items 0.38 0.41 0.27 0.35
Diluted Net Income 21.80 21.60 17.20 21.05
Diluted Weighted Average Shares 57.33 53.12 64.75 60.18
Diluted EPS Excluding Extraordinary Items 0.38 0.41 0.27 0.35
Diluted EPS Including Extraordinary Items 0.38 0.41 0.27 0.35
DPS - Common Stock Primary Issue 0.44 0.84 0.80 0.76
Gross Dividends - Common Stock 25.30 45.45 38.74 32.87
Total Special Items -5.14 -3.60 -2.27 -7.28
Normalized Income Before Taxes 31.54 28.16 21.19 23.37
Effect of Special Items on Income Taxes -1.80 -1.26 -0.80 -0.12
Income Taxes Excluding Impact of Special Items -2.08 -1.75 -0.82 0.40
Normalized Income After Taxes 33.62 29.92 22.02 22.97
Normalized Income Available to Common 18.46 19.26 15.73 14.09
Basic Normalized EPS 0.32 0.36 0.24 0.23
Diluted Normalized EPS 0.32 0.36 0.24 0.23
Funds From Operations - REIT 83.00 79.99 64.34 59.65
Amortization of Intangibles, Supplemental 16.30 16.73 9.52 11.35
Depreciation, Supplemental 43.67 38.22 30.40 25.97
Interest Expense, Supplemental 31.04 31.34 19.09 17.44
Rental Expense, Supplemental 1.66 2.70 2.40 2.50
Stock-Based Compensation, Supplemental 2.38 1.61 1.28 1.32
Equity in Affiliates, Supplemental 0.00 0.27 0.37 --
Minority Interest, Supplemental -7.81 -8.21 -6.29 -8.88
Audit-Related Fees, Supplemental 1.30 1.28 1.19 1.08
Audit-Related Fees -- -- -- --
Tax Fees, Supplemental 0.39 0.31 0.27 0.27
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Gross Margin 30.52 41.36 41.94 26.50
Operating Margin 12.71 16.58 16.56 10.46
Pretax Margin 9.56 12.35 12.14 10.12
Effective Tax Rate -0.77 -1.55 -0.12 1.71
Net Profit Margin 5.68 8.40 8.90 7.02
Normalized EBIT 43.60 39.03 29.74 32.48
Normalized EBITDA 103.58 93.98 69.65 69.80
Current Tax - Domestic -0.29 -0.43 -0.01 0.52
Current Tax - Local -0.01 0.02 0.00 0.06
Current Tax - Total -0.30 -0.41 -0.02 0.58
Deferred Tax - Domestic 0.02 -0.09 0.04 -0.07
Deferred Tax - Local 0.00 0.00 0.01 0.02
Deferred Tax - Total 0.02 -0.08 0.04 -0.05
Other Tax -- -- -0.06 --
Income Tax - Total -0.28 -0.49 -0.03 0.53
FFO per Share (Diluted) 1.06 1.10 0.99 0.99
Adjusted FFO (AFFO) 62.45 64.41 58.38 52.81
Adjusted FFO per Share (Diluted) 0.80 0.89 0.90 --
Net Operating Income (NOI) 109.39 102.05 78.35 72.79

In millions of USD (except for per share items)

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