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CoreSite Realty Corp (COR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Rental revenue       183.3149.3131.1
    Other       150.0123.1103.8
Total revenues   [+]606.8572.7544.4481.8400.4333.3272.4234.8
            Revenue growth   [+]6.0%5.2%13.0%20.3%20.1%22.3%16.0%13.5%
Cost of goods sold   [+]193.9180.2171.6171.9144.2123.082.772.7
Gross profit  413.0392.6372.8310.0256.1210.3189.7162.1
            Gross margin  68.1%68.5%68.5%64.3%64.0%63.1%69.6%69.0%
Selling, general and administrative   [+]67.866.261.155.752.950.162.861.4
Other operating expenses  36.532.627.8    0.3
EBITDA   [+]308.7293.7283.9254.2203.3160.2126.999.6
            EBITDA margin  50.9%51.3%52.2%52.8%50.8%48.1%46.6%42.4%
Depreciation and amortization  168.9152.9141.6129.3108.795.780.765.0
EBIT   [+]139.8140.8142.3125.094.664.546.234.7
            EBIT margin  23.0%24.6%26.1%25.9%23.6%19.3%17.0%14.8%
Non-recurring items   [+]   0.2 0.42.0 
Interest expense, net   [+]45.141.735.524.112.6 5.32.7
Other income (expense), net   [+]     -7.11.2 
Pre-tax income  94.799.1106.8100.782.057.040.132.0
Income taxes  0.10.10.00.20.10.20.00.4
            Tax rate  0.1%0.1% 0.2%0.1%0.3%0.1%1.3%
Minority interest  15.323.228.825.623.222.217.312.8
Net income  79.375.877.962.650.426.414.410.5
            Net margin  13.1%13.2%14.3%13.0%12.6%7.9%5.3%4.5%
   
Basic EPS   [+]$1.96$2.06$2.23$1.85$1.56$1.05$0.68$0.50
Diluted EPS   [+]$1.95$2.05$2.22$1.84$1.54$1.03$0.66$0.49
   
Dividends per share   [+]$5.84$6.09$5.52$5.10$3.37$3.47$3.49$2.74
   
Shares outstanding (basic)   [+]40.536.835.033.832.325.221.220.8
Shares outstanding (diluted)   [+]40.636.935.134.132.725.721.721.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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