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Colony Starwood Homes (SFR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K
Revenues:  
    SFR     17.1
    NPL     13.8
Total revenues   [+]575.7303.7209.430.9
            Revenue growth  89.5%45.1%578.2% 
Cost of goods sold   [+]83.562.359.418.6
Gross profit  492.2241.4150.012.3
            Gross margin  85.5%79.5%71.6%39.8%
Selling, general and administrative   [+]54.334.341.616.8
Equity in earnings  -0.7-0.3-0.3 
Other operating expenses  141.670.751.510.0
EBITDA   [+]295.6136.256.5-14.5
            EBITDA margin  51.3%44.8%27.0%-47.0%
Depreciation and amortization  178.8108.387.26.1
EBIT   [+]116.827.9-30.7-20.6
            EBIT margin  20.3%9.2%-14.7%-66.8%
Non-recurring items   [+]30.218.97.03.8
Interest expense  152.265.038.1 
Other income (expense), net   [+]-2.4-3.6-2.91.2
Pre-tax income  -68.0-59.6-78.7-23.2
Income taxes  0.70.8-0.70.3
            Tax rate    0.9% 
Minority interest  -5.2-23.2-23.3-0.1
Earnings from continuing ops  -63.5-37.3-54.7-23.4
Earnings from discontinued ops  -17.8-1.6-2.9 
Net income  -81.3-38.9-57.6-23.4
            Net margin  -14.1%-12.8%-27.5%-75.9%
   
Basic EPS   [+]($0.62)($0.58)($0.84)($0.60)
Diluted EPS   [+]($0.62)($0.58)($0.84)($0.60)
   
Dividends per share   [+]$0.88  $0.33
   
Shares outstanding (basic)   [+]101.664.964.939.1
Shares outstanding (diluted)   [+]101.664.964.939.1
   
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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