COLONY CAPITAL, INC. CLNY Income Statement

Colony capital, inc. (CLNY)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
Revenues
Interest income
32,868	45,409	40,237	35,055	46,070	46,730	59,883	44,121	63,854	82,948	106,479	111,263	115,544	94,355	98,275	103,860	89,361
Total revenues
507,513	552,361	652,495	573,439	548,059	486,063	598,727	615,488	666,664	473,150	789,853	679,372	607,165	208,473	212,067	217,528	200,789
Expenses
Property operating expense
263,633	266,576	274,351	279,240	270,742	258,309	286,386	300,191	305,770	244,241	332,006	253,717	216,349	28,992	28,903	29,780	30,786
Interest expense
123,413	128,877	130,034	141,738	134,889	127,251	134,245	142,453	148,889	117,664	152,054	140,260	126,278	43,448	42,196	42,568	41,871
Investment and servicing expense
12,178	26,696	13,096	20,017	18,449	11,493	11,076	25,891	18,653	23,487	18,421	13,740	11,807	6,218	5,115	5,402	6,931
Transaction costs
421	685	100	318	2,504	3,681	228	2,641	716	1,443	4,636	2,440	87,340	21,967	6,190	7,958	4,490
Placement fees
-	-	64	0	-	1,138	5,184	1,170	123	-	0	-	-	-	-	-	-
Depreciation and amortization
136,858	110,053	159,005	109,382	111,352	81,376	111,807	105,414	144,705	55,289	162,694	153,111	137,420	42,406	43,593	39,541	46,142
Provision for loan loss
0	33	17,233	15,003	3,611	15,901	7,825	13,933	5,375	6,834	5,116	1,067	6,724	17,593	6,569	6,213	4,630
Impairment loss
387,268	471,227	564,899	84,695	25,622	288,494	75,723	69,660	153,398	374,963	24,073	12,761	8,519	6,256	941	2,441	2,079
Compensation expense—cash and equity-based
53,034	53,836	87,043	42,430	31,517	67,402	44,469	52,527	49,484	81,167	85,022	80,759	91,818	31,149	29,582	24,240	26,867
Compensation expense—carried interest and incentive fee
-9,181	3,300	10,846	1,146	1,272	5,091	1,535	0	859	-	-	-	-	-	-	-	-
Administrative expenses
32,758	25,503	22,013	20,146	22,694	21,734	22,421	23,536	24,740	23,718	26,502	30,145	25,914	12,039	12,891	13,098	12,771
Settlement loss
-5,090	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
1,005,472	1,088,524	1,278,684	714,115	622,652	881,870	700,899	737,416	852,712	929,630	810,524	688,000	712,169	210,968	175,980	171,241	176,567
Other income (loss)
Gain on sale of real estate
7,932	19,162	8,224	6,077	29,453	65,436	33,016	42,702	18,444	16,057	72,541	15,190	8,970	5,502	11,151	5,844	51,119
Other loss, net
-3,471	-10,165	-44,562	-89,506	-49,069	-82,025	29,677	28,798	75,256	-18,523	-8,822	-23,850	25,381	146	4,573	-348	14,045
Equity method earnings
115,702	38,064	46,777	-259,288	34,063	-43,974	5,031	-775	30,117	29,450	17,447	122,394	113,992	27,149	16,684	53,113	2,429
Equity method earnings—carried interest
-18,411	5,424	-474	1,836	4,896	3,540	3,837	0	2,148	-	-	-	-	-	-	-	-
Loss from continuing operations before income taxes
-396,207	-483,678	-616,224	-481,557	-55,250	-452,830	-30,611	-51,203	-60,083	-429,496	60,495	105,106	43,339	30,302	68,495	104,896	91,815
Income tax expense
8,324	252	9,968	2,585	1,198	-24,676	-1,955	-531	-32,808	-93,505	-10,613	-86	3,709	5,647	-3,409	1,760	784
Loss from continuing operations
-404,531	-483,930	-626,192	-484,142	-56,448	-428,154	-28,656	-50,672	-27,275	-335,991	71,108	105,192	39,630	24,655	71,904	103,136	91,031
Income from discontinued operations
474	1,415,658	60,350	-504	26,293	20,459	11,242	7,764	117	41,407	1,481	0	12,560	0	0	0	0
Net loss
-404,057	931,728	-565,842	-484,646	-30,155	-407,695	-17,414	-42,908	-27,158	-294,584	72,589	105,192	52,190	24,655	71,904	103,136	91,031
Net income (loss) attributable to noncontrolling interests:
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest
-	-	364	509	-	-	865	1,873	-696	-	1,678	720	617	0	0	0	0
Redeemable noncontrolling interests
-548	-	-	-	1,444	-	-	-	-	-	-	-	-	-	-	-	-
Investment entities
-21,749	938,616	15,170	-13,414	49,988	-6,523	28,914	26,360	19,243	42,231	36,906	23,800	27,059	32,576	32,744	40,169	57,595
Operating Company
-39,601	-2,867	-53,560	-29,989	-6,611	-25,345	-4,403	-5,728	-4,378	-21,605	97	2,330	-1,083	-3,204	4,189	7,918	3,421
Net loss attributable to Colony Capital, Inc.
-342,159	-4,263	-527,816	-441,752	-74,976	-370,077	-42,790	-65,413	-41,327	-335,738	33,908	78,342	25,597	-4,717	34,971	55,049	30,015
Preferred stock redemption (Note 14)
-	-	0	0	-	-	0	3,995	-	-	-918	5,448	-	-	0	0	-
Preferred stock dividends
19,474	27,138	27,137	27,138	27,137	27,137	27,185	31,388	31,387	32,344	33,176	34,339	30,813	12,093	12,093	12,093	11,880
Net loss attributable to common stockholders
-361,633	-26,251	-554,953	-468,890	-102,113	-397,214	-69,975	-92,806	-72,714	-368,082	1,650	38,555	-5,216	-16,810	22,878	42,956	18,135
Basic loss per share
Loss from continuing operations per basic common share (in dollars per share)
-0.76	-0.95	-1.22	-0.98	-0.23	-0.81	-0.16	-0.20	-0.14	-0.74	0.00	0.07	-0.03	-0.12	0.14	0.26	0.11
Net loss per basic common share (in dollars per share)
-0.76	-0.06	-1.16	-0.98	-0.21	-0.80	-0.15	-0.19	-0.14	-0.70	0.00	0.07	-0.01	-0.12	0.14	0.26	0.11
Diluted loss per share
Loss from continuing operations per diluted common share (in dollars per share)
-0.76	-0.95	-1.22	-0.98	-0.23	-0.81	-0.16	-0.20	-0.14	-0.74	0.00	0.07	-0.03	-0.10	0.14	0.24	0.11
Net loss per diluted common share (in dollars per share)
-0.76	-0.06	-1.16	-0.98	-0.21	-0.80	-0.15	-0.19	-0.14	-0.70	0.00	0.07	-0.01	-0.10	0.14	0.24	0.11
Weighted average number of shares
Basic (in shares)
479,106	480,474	479,776	479,228	478,874	483,862	484,754	488,676	530,680	537,117	542,855	544,023	506,405	165,033	164,846	164,674	163,727
Diluted (in shares)
479,106	480,474	479,776	479,228	478,874	483,862	484,754	488,676	530,680	537,117	542,855	544,023	506,405	128,450	164,846	201,257	163,727
Dividends declared per common share (in dollars per share)
0.11	-	0.11	0.11	0.11	-	0.11	0.11	0.11	-	0.27	0.27	0.27	-	0.27	0.27	-
Property operating income
Income
425,416	446,568	462,155	488,788	458,898	391,931	494,945	518,953	554,730	332,005	613,665	500,531	426,854	91,612	92,505	95,348	91,617
Fee income ($43,100 and $30,850 from affiliates, respectively)
Income
43,505	45,600	111,854	35,433	31,028	36,396	32,915	38,290	36,842	49,505	59,693	54,319	53,250	18,384	17,233	15,505	16,609
Other income ($2,486 and $9,845 from affiliates, respectively)
Income
5,724	14,784	38,249	14,163	12,063	11,006	10,984	14,124	11,238	8,692	10,016	13,259	11,517	4,122	4,054	2,815	3,202