COLUMBIA PROPERTY TRUST, INC. CXP Income Statement

Columbia property trust, inc. (CXP)

Income statement / TTM

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	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Lease revenues
272,294	276,149	280,163	282,609	0	-	0	0	-	280,570	0	0	337,773	-	384,026	403,476	422,825	436,048	437,951	435,878	426,783	414,541	409,965	406,886	406,168	406,907	360,666	366,162	372,916	381,796	352,202	364,952	376,208	379,641	467,352	458,382	0	0	0
Revenues
289,658	288,837	295,635	297,026	299,666	297,943	294,045	281,067	280,554	289,000	323,143	376,047	429,120	473,543	500,454	524,907	545,101	566,065	571,277	570,539	559,172	540,797	536,293	531,814	526,954	526,578	460,443	472,649	481,723	494,271	465,909	478,345	490,268	492,887	598,577	581,522	0	0	0
Expenses:
Property operating costs
91,480	93,275	92,526	90,379	90,243	88,813	89,814	87,381	86,762	87,805	98,792	119,326	137,737	154,968	164,382	171,819	179,660	188,078	189,141	183,747	174,496	163,722	159,079	157,718	155,955	154,559	136,007	140,594	143,548	147,202	137,529	137,949	142,042	142,492	173,162	169,487	0	0	0
Depreciation
76,218	78,292	79,913	80,018	81,364	81,795	81,259	79,882	79,624	80,394	84,555	92,832	100,859	108,543	115,746	121,409	126,772	131,490	130,574	128,113	124,469	117,766	114,738	111,913	108,699	108,105	95,495	96,496	97,523	98,698	92,112	94,050	96,167	95,724	113,780	108,704	0	0	0
Amortization
27,168	27,908	30,047	30,482	31,999	32,554	32,444	31,394	30,962	32,403	38,391	43,416	50,157	56,775	62,797	71,178	79,984	87,128	87,858	87,058	83,541	78,843	77,339	77,568	77,329	78,710	70,154	73,872	80,641	86,458	81,972	87,904	92,455	96,902	119,275	119,014	0	0	0
Asset and property management fees:
Related-party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,693	8,193	16,574	25,245	29,372	27,983	29,065	29,673	29,613	36,034	34,991	0	0	0
Impairment loss on real estate assets
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	25,130	14,982	14,982	13,550	0	0	0	0	0	0	0	0	-	0	-	-	-	-
General and administrative – corporate
36,137	32,779	32,307	33,507	33,609	32,979	34,342	33,073	33,992	34,966	33,161	33,594	32,154	33,876	33,480	32,810	32,129	29,683	30,002	31,041	32,373	31,275	31,404	31,448	31,993	61,866	59,996	58,905	56,562	24,613	20,134	19,452	19,273	21,017	25,181	25,429	0	0	0
Management fee expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative – joint ventures
2,758	3,567	3,381	3,288	3,186	3,108	2,954	2,921	2,185	1,454	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Listing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Acquisition costs (Note 3)
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	3,675	3,719	10,035	16,137	14,142	14,098	6,102	0	-	0	0	-	-	-	-	-	11,239	13,330	17,579	0	0	0
Costs and expenses
303,755	286,789	264,476	238,279	271,859	270,915	272,449	266,269	234,395	240,029	263,142	301,843	338,692	374,263	396,768	419,729	441,329	461,485	473,418	472,036	464,204	451,928	435,314	423,372	411,153	432,004	392,347	408,879	426,254	409,002	379,778	388,563	400,284	416,566	501,862	496,133	0	0	0
Real estate operating income (loss)
-	-	-	-	-	-	-	-	-	-	60,001	74,204	90,428	99,280	103,686	105,178	103,772	104,580	97,859	98,503	94,968	88,869	100,979	108,442	115,801	94,574	68,096	63,770	55,469	85,269	86,131	89,782	89,984	76,321	96,715	85,389	0	0	0
Other Income (Expense):
Interest expense
40,630	43,170	46,520	49,282	52,699	56,499	59,468	61,148	61,296	60,516	59,502	61,909	64,827	67,609	71,450	76,324	81,709	85,296	85,929	83,190	79,285	75,711	79,234	86,528	93,717	101,941	101,080	101,262	101,739	101,886	99,865	101,776	105,915	101,799	103,122	97,125	0	0	0
Other Nonoperating Income (Expense)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,110	-1,118	-44	-147	-371	-507	-898	-629	-342	-1,305	-915	-1,092	-1,225	-16,282	-31,027	-38,548	-38,383	-32,104	-31,653	0	0	0
Gain (loss) on extinguishment of debt
-	-	0	0	-	-	0	0	-	-325	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income
-	-	1,475	3,278	-	6,894	7,281	8,319	8,982	9,529	9,504	8,502	7,833	7,288	7,258	7,227	7,226	7,254	7,308	7,303	7,298	7,275	12,095	19,417	26,728	34,029	37,166	38,052	38,951	39,856	40,051	40,355	40,356	42,395	44,284	44,051	0	0	0
Gain on sale of unconsolidated joint venture interests
-	-	0	0	-	762	762	762	762	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes, unconsolidated joint ventures, and sales of real estate
-	-	-	-	-	-	-	-	-	-	9,678	1,847	14,392	19,962	20,497	32,215	25,513	22,279	14,948	22,072	22,334	20,039	33,333	40,433	48,183	26,320	2,877	-355	-8,411	22,014	63,053	50,352	38,895	31,552	5,773	662	0	0	0
Income tax benefit (expense)
-2,229	21	39	40	37	37	181	181	182	-213	-320	-258	-20	445	625	805	651	378	386	550	810	662	270	285	257	500	665	493	568	572	500	310	-256	-390	-226	-268	0	0	0
Income from unconsolidated joint ventures
8,889	8,004	8,245	8,444	8,003	8,003	9,437	9,897	6,307	2,651	-2,969	-7,759	-7,894	-7,561	-6,583	-4,646	-2,694	-1,142	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before gains on sales of real estate assets
-	-	-	-	-	-	-	-	-	-	7,029	-5,654	6,518	11,956	13,289	26,764	22,168	20,759	21,189	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate assets
55,374	42,030	42,030	41,918	0	-	0	0	-	175,518	197,760	145,807	145,788	72,325	53,761	23,531	23,550	23,860	38,789	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Nonoperating income (expense)
25,876	7,016	4,818	3,945	-16,301	-17,537	156,591	153,279	128,314	127,070	-50,323	-72,357	-76,036	-79,318	-83,189	-72,963	-78,259	-82,301	-82,911	-76,431	-72,634	-68,830	-67,646	-68,009	-67,618	-68,254	-65,219	-64,125	-63,880	-63,255	-23,078	-39,430	-51,089	-44,769	-90,942	-84,727	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94,652	51,670	40,148	47,926	25,820	2,212	-848	-8,979	21,442	62,553	50,042	39,151	31,942	5,999	930	0	0	0
Operating loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-390	-2,567	-11,233	-7,081	-21,325	-750	-8,349	-9,967	6,484	10,303	20,257	15,818	11,192	-11,627	-5,006	0	0	0
Loss on disposition of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,627	233	233	883	11,225	13,184	13,184	13,246	20,117	16,947	30,469	30,407	13,522	13,392	0	0	0	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,017	-2,334	-11,000	-6,198	-10,100	12,434	4,835	3,279	26,601	27,250	50,726	46,225	24,714	1,765	-5,136	0	0	0
Net income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,043	89,803	100,768	85,376	56,656	7,764	-4,206	0	0	0
Less: net (income) loss attributable to noncontrolling interest in Columbia Operating Partnership
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	6	10	14	14	31	50	0	0	0
Less: net (income) loss attributable to noncontrolling interest in consolidated joint venture
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent, Total
11,974	9,197	35,977	62,692	11,506	9,491	3,140	98,245	102,817	176,041	204,789	140,153	152,306	84,281	67,050	50,295	45,718	44,619	90,676	95,521	94,833	92,635	49,336	29,148	41,728	15,720	14,646	3,987	-5,700	48,039	89,797	100,758	85,362	56,642	7,733	-4,256	0	0	0
Per-Share Information – Basic:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.04	0.08	0.02	0.02	0.24	0.00	0.00	0.00	0.01	-0.01
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	-0.12	0.00	0.04	0.17	0.01	0.00	0.00	0.00	0.00
Income from continuing operations - basic (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	0.07	0.03	-	0.10	0.12	-0.14	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations - basic (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	0.00	-	-0.07	0.03	-0.03	-	-	-	-	-	-	-	-	-	-
Net income attributable to the common stockholders of Columbia Property Trust, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.02	0.06	0.42	0.01	-0.01	0.00	0.01	-0.01
Weighted-average common shares outstanding basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	541,012	536,582	518,715
Net income (dollars per share)
0.05	-0.19	-0.17	0.41	0.03	0.05	0.05	-0.03	0.01	-0.01	0.84	0.01	0.61	0.22	0.30	0.11	0.05	0.09	0.16	0.07	0.04	0.45	0.20	0.06	0.03	0.10	0.04	0.15	-0.17	-	-	-	-	-	-	-	-	-	-
Weighted-average common shares outstanding - basic (in shares)
114,471	115,551	116,522	116,509	116,462	116,826	117,609	118,035	119,082	119,350	120,293	121,534	122,003	122,706	123,215	123,206	123,393	124,841	124,359	124,925	124,903	124,866	124,863	124,860	124,851	129,335	134,668	135,816	136,521	-681,787	136,741	546,134	545,600	-	543,288	542,182	-	-	-
Per-Share Information – Diluted:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	0.20	0.07	0.03	0.11	0.10	0.12	-0.14	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	-0.01	0.00	-0.01	-0.07	0.03	-0.03	-	-	-	-	-	-	-	-	-	-
Net income (dollars per share)
0.05	-0.19	-0.17	0.41	0.03	0.05	0.05	-0.03	0.01	-0.01	0.84	0.01	0.61	0.22	0.30	0.11	0.05	0.09	0.16	0.07	0.04	0.45	0.20	0.06	0.03	0.10	0.04	0.15	-0.17	-	-	-	-	-	-	-	-	-	-
Weighted-average common shares outstanding - diluted (in shares)
114,486	115,308	116,821	116,823	116,880	117,225	118,207	118,462	119,350	119,869	120,529	121,909	122,329	122,856	123,350	123,294	123,412	124,976	124,460	125,017	124,935	124,928	124,938	124,919	124,887	129,335	134,668	135,816	136,521	-	-	-	-	-	-	-	-	-	-
Dividends per share (dollars per share)
-	-	-	-	-	-	-	-	-	-	0.20	0.20	0.20	-	0.30	0.30	0.30	-	0.30	0.30	0.30	-	0.30	0.30	0.30	-	0.38	0.38	0.38	-	0.50	0.12	-	-	-	-	-	-	-
Rental income and tenant reimbursements
Revenues
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
Revenues
-	-	-	-	-	-	-	-	-	-	0	0	58,601	-	77,811	83,348	91,159	99,655	102,242	103,476	99,891	95,375	94,820	94,032	92,364	90,875	79,130	82,639	85,566	88,402	85,431	85,872	86,244	87,071	103,574	99,792	0	0	0
Hotel income/operating costs
Revenue
-	-	-	-	-	-	-	-	-	1,339	6,516	12,786	19,337	22,661	22,895	23,566	23,979	24,309	24,485	24,276	23,817	22,885	22,750	22,806	22,863	23,756	23,826	23,727	23,628	23,049	22,489	22,072	20,825	20,600	21,139	20,224	0	0	0
Cost of goods and services sold
-	-	-	-	-	-	-	-	-	2,089	6,456	11,402	16,431	18,686	18,861	19,246	19,355	19,615	19,992	19,700	19,242	18,792	18,435	18,089	18,220	18,340	18,130	18,350	18,526	18,362	18,118	18,206	17,479	17,394	17,781	17,295	0	0	0
Management fee revenues
Other property income
13,915	7,544	7,663	7,574	7,494	7,384	7,058	6,387	5,067	3,782	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property income
Other property income
3,449	5,144	5,800	6,506	7,418	7,307	6,829	6,191	4,314	3,309	1,281	1,975	10,813	12,804	14,606	13,912	6,533	5,448	6,599	6,909	8,681	7,996	8,758	8,090	5,559	5,040	-3,179	121	-387	1,024	5,787	5,449	6,991	5,575	6,512	3,124	0	0	0
Asset and property management fee income/expenses
Cost of goods and services sold
-	-	756	860	-	854	820	802	857	918	1,074	1,273	1,354	1,415	1,502	1,587	1,749	1,816	1,984	2,194	2,366	2,258	1,935	1,492	1,347	1,671	1,740	2,212	2,333	2,421	1,940	1,918	1,982	2,185	3,319	3,634	0	0	0