Douglas emmett, inc. (DEI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues
Revenues

251,350

243,893

238,069

230,534

224,186

226,264

223,336

219,469

212,247

209,190

208,749

199,632

194,481

194,643

192,121

187,215

168,572

160,431

160,077

160,457

154,809

151,083

148,141

151,422

148,876

147,659

149,686

148,716

145,458

143,150

145,993

146,468

143,388

143,279

144,059

145,408

142,591

145,778

148,070

139,209

137,787

140,427

139,795

Operating Expenses
Operating Expenses
General and administrative expenses

10,335

9,859

9,218

9,159

9,832

10,197

9,440

9,437

9,567

9,045

8,441

8,592

10,156

9,384

8,099

9,403

8,071

8,795

6,867

7,473

7,361

7,151

6,658

6,712

6,811

5,890

6,546

7,082

7,096

7,892

6,610

6,741

6,700

8,026

6,954

6,820

7,486

9,410

7,101

5,944

5,850

5,585

5,959

Depreciation and amortization

97,777

108,867

90,279

78,724

79,873

89,920

74,067

73,379

72,498

70,620

69,974

68,793

67,374

66,967

63,827

62,568

55,552

52,024

52,229

51,246

49,834

51,263

50,111

50,939

50,199

49,823

47,402

48,102

46,024

45,778

46,546

46,728

45,797

45,557

45,872

57,114

57,153

57,156

57,621

54,921

55,332

55,529

55,729

Total operating expenses

187,132

-

-

-

160,709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

177,378

159,903

-

-

156,937

151,542

149,119

-

146,924

141,150

138,362

138,702

134,802

130,693

117,537

113,360

114,482

111,191

107,214

109,100

109,661

107,408

105,499

104,943

105,599

102,848

99,438

101,523

102,448

100,844

98,374

100,066

101,952

110,853

109,992

113,697

112,759

102,497

101,864

104,365

102,639

Operating Income (Loss)

64,218

47,909

60,691

70,631

63,477

54,490

66,399

67,927

63,128

64,597

61,825

58,482

56,119

55,941

57,319

56,522

51,035

47,071

45,595

49,266

47,595

41,983

38,480

44,014

43,377

42,716

44,087

45,868

46,020

41,627

43,545

45,624

45,014

43,213

42,107

34,555

32,599

32,081

35,311

36,712

35,923

36,062

37,156

Other income

1,989

2,911

2,952

2,892

2,898

3,041

2,951

2,792

2,630

2,560

2,659

2,331

2,162

2,232

2,295

2,143

2,089

2,125

2,129

2,415

8,559

5,033

3,769

4,586

4,287

2,237

2,138

1,250

777

1,369

626

593

233

2,281

299

343

256

537

257

151

246

56

60

Gain on disposition of interest in unconsolidated real estate fund

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Other expenses

1,396

1,908

1,656

1,807

1,845

2,364

1,561

2,086

1,733

1,881

1,659

1,773

1,724

1,649

2,916

1,908

3,004

3,445

1,605

1,619

1,572

1,981

1,983

1,678

1,453

1,422

1,402

1,008

367

-

436

434

-

-

-

-

-

-

-

-

-

-

-

Income from unconsolidated Funds

323

1,334

1,831

2,207

1,551

1,878

1,348

1,668

1,506

1,478

1,137

1,113

2,177

2,248

2,334

1,644

1,586

4,146

898

1,207

1,443

988

665

947

1,113

-237

811

1,335

1,189

1,054

-663

-1,117

-984

-803

-285

-255

-1,524

-1,457

-1,810

-2,200

-1,504

-1,904

-2,128

Interest Expense

35,420

35,555

40,397

34,063

33,293

33,513

33,721

33,268

32,900

34,768

35,454

38,000

36,954

36,306

36,479

37,703

35,660

33,932

32,705

35,177

33,639

32,619

32,098

31,952

31,838

32,716

32,601

32,399

32,832

35,697

36,844

36,591

37,561

38,210

37,717

40,852

31,676

37,599

38,498

45,676

45,134

45,326

44,606

Acquisition-related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153

198

290

606

152

0

28

74

290

68

175

0

0

0

0

-

-

-

-

-

3

292

-

0

0

Income before gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,553

20,698

-

-

14,159

15,894

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,245

1,082

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

29,714

322,629

23,421

39,860

32,788

23,532

35,416

37,033

32,631

31,986

28,508

22,153

21,780

22,466

35,798

21,780

16,046

16,606

14,159

15,894

22,096

12,798

8,681

15,917

15,458

10,504

12,743

14,978

14,612

7,340

6,228

8,075

6,702

4,408

4,404

-6,209

-345

-6,439

-4,743

-11,305

-10,469

-11,112

-9,518

Less: Net income attributable to noncontrolling interests

2,791

44,071

933

5,894

4,087

-2,103

4,855

5,349

4,425

2,450

2,894

1,909

2,731

2,765

3,950

3,298

680

2,439

2,089

2,446

3,397

1,905

1,292

2,554

2,482

1,661

1,992

1,343

2,530

1,366

1,173

1,548

1,316

989

1,007

-1,193

4

-1,190

-847

-2,314

-2,182

-2,306

-2,036

Net Income (Loss) Attributable to Parent

26,923

278,558

22,488

33,966

28,701

25,635

30,561

31,684

28,206

29,536

25,614

20,244

19,049

19,701

31,848

18,482

15,366

14,167

12,070

13,448

18,699

10,893

7,389

13,363

12,976

8,843

10,751

13,635

12,082

5,974

5,055

6,527

5,386

3,419

3,397

-5,016

-349

-5,249

-3,896

-8,991

-8,287

-8,806

-7,482

Earnings Per Share, Basic

-

-

0.13

0.20

-

0.14

0.18

0.19

0.17

0.18

0.15

0.13

0.12

0.13

0.21

0.12

0.10

0.09

0.08

0.09

0.12

0.07

0.05

0.09

0.09

0.05

0.08

0.10

0.08

0.03

0.04

0.05

0.04

0.02

0.03

-0.04

0.00

-

-

-

-0.07

-0.07

-0.06

Earnings Per Share, Diluted

-

-

0.13

0.20

-

0.14

0.18

0.19

0.17

0.18

0.15

0.13

0.12

0.12

0.20

0.12

0.10

0.09

0.08

0.08

0.12

0.07

0.05

0.09

0.08

0.06

0.07

0.09

0.08

0.03

0.04

0.05

0.04

0.02

0.03

-0.04

0.00

-

-

-

-0.07

-0.07

-0.06

Net income per common share – basic and diluted (usd per share)

0.15

-

-

-

0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

-0.07

-

-

-

Dividends declared per common share (usd per share)

-

-

-

0.26

-

-

-

0.25

0.25

-

0.23

0.23

0.23

-

0.22

0.22

0.22

-

0.21

0.21

0.21

-

0.20

0.20

0.20

-

0.18

0.18

0.18

-

0.15

0.15

0.15

-

0.13

0.13

0.10

-

0.10

0.10

0.10

0.10

0.10

Weighted average shares of common stock outstanding - basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123,076

-

121,643

121,485

121,319

Weighted average shares of common stock outstanding - diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123,076

-

121,643

121,485

121,319

Weighted average shares of common stock outstanding - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122,331

-

-

-

Office Segment [Member]
Revenues

219,889

211,376

205,900

202,189

197,290

199,783

197,054

193,761

187,333

185,038

184,618

175,542

170,348

170,550

167,608

163,096

144,379

136,503

136,225

136,791

131,456

130,805

127,957

131,556

129,087

128,159

130,339

129,662

126,423

124,388

127,423

128,195

125,270

125,342

126,441

127,899

125,395

128,600

131,081

122,243

120,776

123,461

122,748

Cost of Revenue

69,664

67,971

68,754

64,308

63,449

64,289

66,288

61,818

60,356

58,393

62,468

57,887

54,885

56,356

56,926

53,381

47,883

46,620

49,195

46,542

44,199

45,512

47,631

44,661

43,356

44,410

46,494

42,722

41,309

43,041

44,293

42,444

40,947

41,788

44,294

42,183

40,604

42,402

43,441

37,198

36,114

38,691

36,665

Multifamily Segment [Member]
Revenues

31,461

32,517

32,169

28,345

26,896

26,481

26,282

25,708

24,914

24,152

24,131

24,090

24,133

24,093

24,513

24,119

24,193

23,928

23,852

23,666

23,353

20,278

20,184

19,866

19,789

19,500

19,347

19,054

19,035

18,762

18,570

18,273

18,118

17,937

17,618

17,509

17,196

17,178

16,989

16,966

17,011

16,966

17,047

Cost of Revenue

9,356

9,287

9,127

7,712

7,555

7,368

7,142

6,908

6,698

6,535

6,041

5,878

5,947

5,995

5,950

5,341

6,031

5,921

6,191

5,930

5,820

5,174

5,261

5,096

5,133

4,820

5,157

4,942

5,009

4,812

4,999

4,931

4,930

4,695

4,832

4,736

4,749

4,729

4,596

4,434

4,568

4,560

4,286

Office rental
Rental revenues

-

-

-

-

-

-

-

150,161

-

-

-

135,665

133,016

131,814

128,744

126,650

111,006

104,553

103,436

103,808

100,651

100,182

97,465

100,264

98,613

98,464

99,795

99,110

97,370

96,150

98,608

98,651

98,038

99,154

97,740

98,109

99,210

100,233

101,509

98,695

98,747

99,463

99,210

Tenant recoveries

-

-

-

-

-

-

-

14,654

-

-

-

12,801

11,050

12,736

12,914

10,986

10,211

10,452

11,074

11,463

10,150

10,741

11,093

11,720

10,907

10,974

11,867

11,718

10,585

10,994

11,337

11,787

9,975

10,244

11,601

12,744

9,325

11,131

12,087

7,710

6,478

8,059

7,134

Parking and other income

-

-

-

-

-

-

-

28,946

-

-

-

27,076

26,282

26,000

25,950

25,460

23,162

21,498

21,715

21,520

20,655

19,882

19,399

19,572

19,567

18,721

18,677

18,834

18,468

17,244

17,478

17,757

17,257

15,944

17,100

17,046

16,860

17,236

17,485

15,838

15,551

15,939

16,404

Multifamily rental
Rental revenues

-

-

-

-

-

-

-

23,655

-

-

-

22,237

22,241

22,362

22,801

22,406

22,427

22,155

22,133

21,975

21,644

18,842

18,767

18,370

18,310

18,063

17,929

17,655

17,562

17,404

17,165

16,945

16,748

16,696

16,372

16,230

16,045

15,962

15,824

15,879

15,899

15,980

16,007

Parking and other income

-

-

-

-

-

-

-

2,053

-

-

-

1,853

1,892

1,731

1,712

1,713

1,766

1,773

1,719

1,691

1,709

1,436

1,417

1,496

1,479

1,437

1,418

1,399

1,473

1,358

1,405

1,328

1,370

1,241

1,246

1,279

1,151

1,216

1,165

1,087

1,112

986

1,040