REDWOOD TRUST INC
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $213.7M | $229.3M | $216.6M | $188.8M | $192.4M | $287.5M | $202.3M | $89.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $75.3M | $77.2M | $4.6M | $5.3M | $5.0M | $3.5M | $3.6M | $3.9M |
| Operating Income | $369.7M | $261.0M | $223.5M | $187.6M | $188.8M | $265.2M | $253.8M | $124.2M |
| Operating Margin | 173.0% | 113.8% | 103.2% | 99.4% | 98.1% | 92.2% | 125.4% | 139.4% |
| Interest Expense | $239.0M | $108.8M | $88.5M | $95.9M | $87.5M | $81.0M | $120.7M | $99.0M |
| Pretax Income | $130.7M | $152.2M | $135.0M | $91.7M | $101.3M | $184.2M | $133.1M | $25.2M |
| Income Tax Expense | $11.1M | $11.8M | $3.7M | $-10.3M | $744.0K | $10.9M | $1.3M | $42.0K |
| Net Income | $119.6M | $140.4M | $131.3M | $102.1M | $100.6M | $173.2M | $131.8M | $26.3M |
| Net Margin | 56.0% | 61.2% | 60.6% | 54.1% | 52.3% | 60.3% | 65.1% | 29.6% |
| EPS (Basic) | $1.47 | $1.78 | $1.66 | $1.20 | $1.18 | $2.05 | $1.61 | $0.31 |
| EPS (Diluted) | $1.34 | $1.60 | $1.54 | $1.18 | $1.15 | $1.94 | $1.59 | $0.31 |
| Shares Outstanding (Basic) | 78.7M | 76.8M | 76.7M | 82.9M | 82.8M | 82.0M | 79.5M | 78.2M |
| Shares Outstanding (Diluted) | 110.0M | 102.0M | 97.9M | 84.5M | 85.1M | 93.7M | 80.7M | 78.3M |
| Dividends Per Share | $1.18 | $1.12 | $1.12 | $1.12 | $1.12 | $1.12 | $1.00 | $1.00 |