ELME COMMUNITIES
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $291.7M | $280.3M | $313.3M | $306.4M | $288.6M | $263.0M | $254.8M | $234.7M |
| Cost of Revenue | $105.6M | $105.4M | $115.0M | — | — | — | — | — |
| Gross Profit | $186.1M | $174.9M | $198.3M | — | — | — | — | — |
| Gross Margin | 63.8% | 62.4% | 63.3% | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $22.1M | $22.6M | $19.5M | $20.1M | $19.6M | $17.5M | $15.5M | $15.7M |
| Operating Income | $52.8M | $42.6M | $171.5M | $148.3M | $64.1M | $65.2M | $67.4M | $46.8M |
| Operating Margin | 18.1% | 15.2% | 54.7% | 48.4% | 22.2% | 24.8% | 26.5% | 20.0% |
| Interest Expense | $50.5M | $46.8M | $53.1M | $59.5M | $59.8M | $63.6M | $60.6M | $61.4M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $0 | $-84.0K | $-615.0K | $134.0K | $117.0K | — | — | $0 |
| Net Income | $25.6M | $19.7M | $119.3M | $89.7M | $111.6M | $37.3M | $23.7M | $104.9M |
| Net Margin | 8.8% | 7.0% | 38.1% | 29.3% | 38.7% | 14.2% | 9.3% | 44.7% |
| EPS (Basic) | $0.32 | $0.25 | $1.65 | $1.31 | $1.67 | $0.55 | $0.35 | $1.58 |
| EPS (Diluted) | $0.32 | $0.25 | $1.65 | $1.31 | $1.67 | $0.55 | $0.35 | $1.58 |
| Shares Outstanding (Basic) | 79.0M | 76.8M | 72.2M | 68.2M | 66.8M | 66.6M | 66.2M | 66.0M |
| Shares Outstanding (Diluted) | 79.0M | 76.8M | 72.3M | 68.3M | 66.8M | 66.6M | 66.4M | 66.0M |
| Dividends Per Share | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.47 | $1.74 |