COUSINS PROPERTIES INC CUZ Income Statement

Cousins properties inc (CUZ)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Third party management and leasing revenues
-	-	-	-	-	-	-	-	-	-	21,966
Land sales
-	-	-	-	-	-	-	-	-	2,514	7,421
Multi-family residential unit sales
-	-	-	-	-	-	-	-	-	34,442	30,841
Revenues
657,515	475,212	466,185	259,211	204,369	177,561	210,741	136,846	118,125	154,234	203,284
Expenses:
Rental property operating expenses
222,146	164,678	163,882	96,908	82,545	76,963	90,498	50,329	40,817	43,441	57,996
Reimbursed Expenses
4,004	3,782	3,527	3,259	3,430	3,652	5,215	7,063	6,208	6,297	5,378
Third party management and leasing expenses
-	-	-	-	-	-	-	-	-	-	17,878
Land cost of sales
-	-	-	-	-	-	-	-	-	1,939	5,023
Other General and Administrative Expense
37,007	22,040	27,523	25,592	16,918	19,784	22,460	23,208	24,166	28,517	26,198
Interest Expense, Debt
53,963	39,430	33,524	26,650	22,735	20,983	21,709	23,933	26,677	37,180	39,759
Multi-family residential unit cost of sales
-	-	-	-	-	-	-	-	-	27,017	25,629
Impairment losses
-	-	-	-	-	-	-	-	96,818	2,554	40,512
Depreciation, Depletion and Amortization
257,149	181,382	196,745	97,948	71,625	62,258	76,277	39,424	30,666	36,688	47,781
Separation expenses
-	-	-	-	-	-	-	1,985	197	1,045	3,257
Acquisition Costs, Period Cost
52,881	248	1,661	24,521	299	1,130	7,484	793	468	-	-
Other Nonoperating Expense
1,109	556	1,796	5,888	1,181	3,729	3,693	5,632	9,286	4,351	13,143
Total costs and expenses
628,259	412,116	428,658	280,766	198,733	188,499	227,336	152,367	235,303	189,029	282,554
Income (loss) from continuing operations before unconsolidated joint ventures and gain on sale of investment properties
-	-	-	-26,735	5,636	-10,938	-16,595	-15,615	-117,178	-44,622	-82,036
Benefit for income taxes from operations
-	-	-	-	-	-20	-23	91	-186	-1,079	4,341
Income (Loss) from Equity Method Investments
12,666	12,224	47,115	10,562	8,302	11,268	67,325	39,258	-18,299	-	-17,639
Income (loss) from continuing operations before gain on sale of investment properties
-	-	-	-16,173	13,938	350	50,753	23,552	-135,291	-34,050	-155,074
Impairment loss on investment in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	51,058
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes
110,761	5,437	133,059	77,114	80,394	12,536	61,288	4,053	3,494	1,948	168,637
Gain on extinguishment of debt
0	8	2,258	-5,180	0	0	-	-94	0	9,827	2,766
Income from continuing operations
-	-	-	60,941	94,332	12,886	112,041	27,605	-131,797	-32,102	13,563
Income from discontinued operations:
Income from discontinued operations
-	-	-	-	31,848	20,764	3,299	1,907	-189	12,853	3,339
Loss on sale from discontinued operations
-	-	-	-	-551	19,358	11,489	18,407	8,519	7,216	147
Gain on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	12,498
Income from discontinued operations
-	-	-	19,163	31,297	40,122	14,788	20,314	8,330	20,069	15,984
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
152,683	80,765	219,959	80,104	125,629	53,008	126,829	47,919	-123,467	-12,033	29,547
Net income attributable to noncontrolling interests
2,265	1,601	3,684	995	111	1,004	5,068	2,191	4,958	2,540	2,252
Net Income (Loss) in Statement on Equity
-	-	-	-	-	-	126,761	49,922	-124,900	-	-
Net income available to common stockholders
-	-	-	-	-	52,004	121,761	45,728	-128,425	-14,573	27,295
Preferred share original issuance costs
-	-	-	-	-	3,530	2,656	-	0	-	-
Net income attributable to noncontrolling interests
-	-	-	-	-	2,955	10,008	12,907	12,907	12,907	12,907
Net income available to common stockholders
150,418	79,164	216,275	79,109	125,518	45,519	109,097	32,821	-141,332	-27,480	14,388
Per common share information basic:
Income from continuing operations for common stockholders (in usd per share)
-	-	-	-	0.44	0.02	-	-	-	-	-
Income from discontinued operations for common stockholders (in usd per share)
-	-	-	-	0.14	0.20	-	-	-	-	-
Earnings Per Share, Basic
-	-	-	-	0.58	0.22	-	-	-	-	-
Per common share information diluted:
Income from continuing operations for common stockholders (in usd per share)
-	-	-	-	0.44	0.02	-	-	-	-	-
Income from discontinued operations for common stockholders (in usd per share)
-	-	-	-	0.14	0.20	-	-	-	-	-
Earnings Per Share, Diluted
-	-	-	-	0.58	0.22	-	-	-	-	-
Per common share information — basic and diluted:
Effective portion of change in value of interest rate swaps
-	-	-	-	-	-	-	-	-	9,517	-
Total Other Comprehensive Income
-	-	-	-	-	-	-	-	-	9,517	-
COMPREHENSIVE INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS
-	-	-	-	-	-	-	-	-	-17,963	-
Income from continuing operations (in usd per share)
-	-	-	0.24	-	-	0.66	0.12	-1.44	-0.47	-0.02
Income from discontinued operations (in usd per share)
-	-	-	0.07	-	-	0.10	0.20	0.08	0.20	0.24
Net income per common share — basic and diluted (in usd per share)
1.17	0.75	2.08	0.31	-	-	0.76	0.32	-1.36	-0.27	0.22
Weighted Average Number of Shares Outstanding, Basic
128,060	105,076	103,902	253,895	215,827	204,216	144,255	104,117	103,651	101,440	-
Weighted Average Number of Shares Outstanding, Diluted
129,831	106,868	105,824	256,023	215,979	204,460	144,420	104,125	103,651	101,440	-
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED
-	-	-	-	-	-	-	-	-	-	65,495
Dividends declared per common share (in usd per share)
1.16	1.04	1.20	0.24	0.32	0.30	-	-	-	-	-
Rental property revenues
Revenues
628,751	463,401	455,305	249,814	196,244	164,123	194,420	114,208	94,704	101,715	128,244
Fee income
Revenues
28,518	10,089	8,632	8,347	7,297	12,519	10,891	17,797	13,821	14,444	11,840
Other
Revenues
246	1,722	2,248	1,050	828	919	5,430	4,841	9,600	1,119	2,972