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Income Statement
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Common Size IS
Op Efficiency
Credit Analysis

COLONIAL PROPERTIES TRUST (CLP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Multifamily  735.3672.1618.8614.4188.3183.0190.8167.0
    Colonial Realty Limited Partnership  393.5353.4324.1325.0    
    Multifamily - Same Property  310.9590.4283.1     
    Commercial  62.177.980.058.260.9111.2  
    Other      -299.1127.4254.5207.6
Total revenues   [+]393.5353.4324.1325.0-49.9421.6445.4374.6
            Revenue growth   [+]11.4%9.0%-0.3%-751.4%-111.8%-5.3%18.9% 
Cost of goods sold  197.2161.1149.1160.237.6-276.40.00.0
Gross profit  196.3192.3175.0164.8-87.5698.0445.4374.6
            Gross margin  49.9%54.4%54.0%50.7%175.4%165.6%100.0%100.0%
Selling, general and administrative   [+]22.620.418.617.923.225.721.119.5
Equity in earnings     -1.2    
Other operating expenses       244.4193.4139.4
EBITDA   [+]    -3.1432.5219.1241.4
            EBITDA margin  13.4%16.5%15.5%11.7%6.2%102.6%49.2%64.4%
Depreciation      107.6113.3106.3126.7
EBITA  52.758.350.238.0-110.7319.2112.9114.7
            EBITA margin  13.4%16.5%15.5%11.7%221.8%75.7%25.3%30.6%
Amortization of intangibles  6.17.46.84.0 10.517.540.0
EBIT   [+]46.650.943.434.0-110.7308.795.374.7
            EBIT margin  11.8%14.4%13.4%10.5%221.8%73.2%21.4%20.0%
Non-recurring items   [+]3.11.90.83.41.03.01.6 
Interest expense, net   [+]    67.4-8.4111.7112.2
Other income (expense), net   [+]-43.4-49.0-42.6-30.6128.641.8221.3255.5
Pre-tax income  0.00.00.00.0-50.5355.9203.3218.1
Income taxes  0.00.00.0-7.90.00.0-0.2-1.6
            Tax rate      0.0%0.0%  
Minority interest      3.9   
Earnings from continuing ops  -25.1-24.1-41.811.7-70.2-378.2-23.0-22.4
Earnings from discontinued ops      23.6378.6203.5219.6
Net income  -25.1-24.1-41.811.7-46.60.3180.4197.3
            Net margin  -6.4%-6.8%-12.9%3.6%93.4%0.1%40.5%52.7%
   
Basic EPS   [+] ($66,324.57)($39,788.56)$220.38($1.49)($8,159.27)($0.51)($0.59)
Diluted EPS   [+] ($278.60)($562.38)$220.38($1.49)($8,076.16)($0.50)($0.58)
   
Shares outstanding (basic)   [+] 0.00.00.147.20.045.538.1
Shares outstanding (diluted)   [+] 0.10.10.147.20.046.038.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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