CENTERSPACE
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $121.9M | $160.1M | $145.5M | $88.9M | $80.9M | $26.3M | $3.2M | $234.2M |
| Cost of Revenue | $5.5M | — | — | — | — | — | — | — |
| Gross Profit | $116.3M | — | — | — | — | — | — | — |
| Gross Margin | 95.5% | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $14.3M | $15.9M | $13.5M | $11.8M | $10.7M | $8.5M | $6.7M | $6.6M |
| Operating Income | $-23.7M | $-30.1M | $24.3M | $44.9M | $37.5M | $81.1M | $69.7M | $66.6M |
| Operating Margin | -19.5% | -18.8% | 16.7% | 50.5% | 46.4% | 308.6% | 2,152.2% | 28.4% |
| Interest Expense | $34.2M | $34.3M | $28.4M | $34.4M | $33.7M | $61.2M | $61.8M | $62.7M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $116.8M | $43.3M | $72.0M | $24.1M | $-13.2M | $25.5M | $8.2M | $20.1M |
| Net Margin | 95.8% | 27.1% | 49.5% | 27.1% | -16.3% | 97.2% | 253.7% | 8.6% |
| EPS (Basic) | $8.71 | $2.58 | $4.91 | $0.11 | $-0.23 | $0.17 | $0.07 | $0.00 |
| EPS (Diluted) | $8.71 | $2.58 | $4.91 | $0.11 | $-0.23 | $0.17 | $0.07 | $0.00 |
| Shares Outstanding (Basic) | 12.0M | 12.1M | 123.1M | 118.0M | 105.3M | 93.3M | 83.6M | 82.3M |
| Shares Outstanding (Diluted) | 13.5M | 13.7M | 137.4M | 134.6M | 127.0M | 114.5M | 103.4M | 103.4M |
| Dividends Per Share | $2.80 | $4.60 | — | — | — | — | $0.56 | $0.00 |