Highwoods Properties, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $702.7M | $665.6M | $604.7M | $555.9M | $505.0M | $485.0M | $432.0M | $440.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $39.6M | $38.2M | $37.6M | $35.3M | $36.4M | $37.4M | $35.7M | $32.9M |
| Operating Income | $465.8M | $434.5M | $388.7M | $350.0M | $320.8M | $308.3M | $274.7M | $285.1M |
| Operating Margin | 66.3% | 65.3% | 64.3% | 63.0% | 63.5% | 63.6% | 63.6% | 64.7% |
| Interest Expense | $69.1M | $76.6M | $86.1M | $85.1M | $91.9M | $96.1M | $95.5M | $93.0M |
| Pretax Income | $130.1M | $101.9M | $64.8M | $50.8M | $32.9M | $34.8M | $23.3M | $34.6M |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $191.7M | $541.1M | $101.3M | $116.0M | $131.1M | $84.2M | $48.0M | $72.3M |
| Net Margin | 27.3% | 81.3% | 16.7% | 20.9% | 26.0% | 17.4% | 11.1% | 16.4% |
| EPS (Basic) | $1.78 | $5.30 | $1.00 | $1.20 | $1.44 | $1.02 | $0.54 | $0.86 |
| EPS (Diluted) | $1.78 | $5.30 | $1.00 | $1.19 | $1.44 | $1.02 | $0.54 | $0.86 |
| Shares Outstanding (Basic) | 102.7M | 98.4M | 94.4M | 90.7M | 85.3M | 75.8M | 72.3M | 71.6M |
| Shares Outstanding (Diluted) | 105.6M | 101.4M | 97.4M | 93.8M | 88.8M | 79.7M | 76.2M | 75.6M |
| Dividends Per Share | — | — | $1.70 | $1.70 | $1.70 | $1.70 | $1.70 | $1.70 |