COPT DEFENSE PROPERTIES
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $578.1M | $612.8M | $574.3M | $625.5M | $586.5M | $523.4M | $508.1M | $493.0M |
| Cost of Revenue | $58.3M | $99.6M | $45.5M | — | — | — | — | — |
| Gross Profit | $519.8M | $513.2M | $528.8M | — | — | — | — | — |
| Gross Margin | 89.9% | 83.7% | 92.1% | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $28.9M | $30.8M | $36.6M | $31.4M | $31.8M | $30.9M | $31.9M | $30.3M |
| Operating Income | $151.0M | $135.8M | $52.4M | $120.1M | $131.6M | $141.9M | $89.1M | $30.3M |
| Operating Margin | 26.1% | 22.2% | 9.1% | 19.2% | 22.4% | 27.1% | 17.5% | 6.1% |
| Interest Expense | $75.4M | — | — | — | — | — | — | — |
| Pretax Income | $75.6M | $74.5M | $33.3M | $120.8M | $34.6M | $36.7M | $8.9M | $-85.6M |
| Income Tax Expense | $-363.0K | $1.1M | $244.0K | $199.0K | $310.0K | $2.0M | $381.0K | $-6.7M |
| Net Income | $72.3M | $68.7M | $28.9M | $178.3M | $40.3M | $93.7M | $21.0M | $-119.4M |
| Net Margin | 12.5% | 11.2% | 5.0% | 28.5% | 6.9% | 17.9% | 4.1% | -24.2% |
| EPS (Basic) | $0.69 | $0.56 | $0.15 | $1.74 | $0.25 | $0.83 | $-0.03 | $-1.97 |
| EPS (Diluted) | $0.69 | $0.56 | $0.15 | $1.74 | $0.25 | $0.83 | $-0.03 | $-1.97 |
| Shares Outstanding (Basic) | 103.9M | 99.0M | 94.5M | 93.9M | 88.1M | 85.2M | 73.5M | 69.4M |
| Shares Outstanding (Diluted) | 104.1M | 99.2M | 94.6M | 97.7M | 88.3M | 85.2M | 73.5M | 69.4M |
| Dividends Per Share | $1.10 | $1.10 | $1.10 | $1.10 | $1.10 | $1.10 | $1.10 | $1.65 |