DIGITAL REALTY TRUST, INC. DLR Income Statement

Digital realty trust, inc. (DLR)

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	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	Jun'09
Operating Revenues:
Interconnection and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,897	48,363	46,963	36,283	1,651	1,463	1,362	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction management
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,497	1,954	2,452	-	9,372	13,759	1,817	307	1,036	-
Other
-	-	-	-	-	-	-	-	-	-	208	341	35	-	2	0	91	0	580	498	0	-	165	873	-	0	14	140	248	-	1,052	6,405	-	0	602	5	295	-	-	83
Total operating revenues
823,337	787,463	806,466	800,797	814,515	778,267	768,924	754,919	744,368	731,445	609,925	565,989	550,569	576,787	546,293	514,934	504,199	500,443	435,989	420,295	406,609	412,216	412,186	401,446	390,590	380,931	379,456	363,502	358,370	349,736	342,479	303,704	283,148	270,612	273,476	267,881	250,741	237,486	197,464	155,007
Operating Expenses:
Rental property operating and maintenance
265,708	254,161	259,431	252,032	254,954	255,132	245,971	230,322	225,640	225,500	190,061	174,716	169,339	169,269	177,192	159,548	154,168	155,245	140,538	129,539	124,563	127,554	130,894	126,796	117,896	115,176	129,234	106,706	105,480	107,146	106,660	87,576	79,845	81,698	82,164	72,337	71,723	73,863	53,935	42,301
Property taxes and insurance
45,670	45,596	41,358	44,923	40,306	34,510	37,524	29,890	38,994	47,329	32,586	28,161	26,919	27,097	20,620	27,449	27,331	28,472	19,953	20,900	23,263	23,053	25,765	20,595	22,125	23,831	26,074	19,374	21,042	19,682	17,982	15,769	16,042	9,458	13,055	13,962	13,471	14,030	12,748	9,149
Insurance
-	-	-	-	-	-	-	-	-	-	2,590	2,576	2,592	2,369	2,470	2,241	2,412	2,360	2,140	2,154	2,155	2,180	2,145	1,896	2,422	2,156	2,144	2,238	2,205	2,647	2,463	2,260	2,230	2,014	1,961	1,998	2,051	2,168	1,846	1,488
Construction management
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	294	384	184	623	596	193	2,388	7,391	11,199	1,737	293	471	-
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,594	352	-43,034	-3,991	-1,465	766	-3,403	-1,749	-943	-370	1,300	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
291,457	275,008	286,718	290,562	311,486	299,362	293,957	298,788	294,789	287,973	199,914	178,111	176,466	176,581	178,133	175,594	169,016	172,956	136,974	131,524	129,073	133,327	137,474	137,092	130,620	126,776	121,198	115,867	111,623	107,718	101,840	89,000	83,995	80,612	79,047	76,848	73,918	70,128	59,860	49,183
General and administrative
63,538	54,670	49,985	52,983	53,459	39,403	41,642	46,099	36,523	45,520	43,765	37,509	34,647	41,153	46,135	34,189	31,256	35,987	22,755	25,613	21,194	21,480	20,709	20,321	30,678	15,536	16,275	17,891	15,951	13,441	14,409	15,109	14,250	12,542	14,600	14,077	12,405	11,878	12,574	9,958
Transactions and integration
56,801	17,106	4,115	4,210	2,494	25,917	9,626	5,606	4,178	15,681	42,809	14,235	3,323	8,961	6,015	3,615	1,900	3,099	11,042	3,166	93	323	144	755	81	1,108	243	1,491	1,763	5,331	504	4,608	677	601	3,632	740	681	4,666	1,715	82
Impairment of investments in real estate
0	0	0	0	5,351	0	0	0	0	-	28,992	-	-	-	0	-	-	-	-	-	-	-	12,500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
723,288	648,530	641,699	651,825	672,972	655,420	629,859	610,857	600,555	614,247	543,768	435,332	413,286	425,665	430,543	402,636	386,083	459,033	331,859	313,242	257,291	418,382	329,814	308,993	300,583	282,876	294,279	263,508	259,784	255,098	245,404	215,255	197,232	189,313	201,850	191,161	176,076	177,085	143,314	112,161
Other
114	1,989	92	7,115	4,922	1,096	1,139	152	431	6,152	-3,051	-24	0	-	22	0	-	61,004	-51	6	-16	486	1,648	772	164	771	3	17	36	-	923	337	-	0	0	0	90	59	165	0
Operating income
100,049	138,933	164,767	148,972	141,543	122,847	139,065	144,062	143,813	117,198	66,157	130,657	137,283	151,122	115,750	112,298	118,116	41,410	104,130	107,053	149,318	-6,166	82,372	92,453	90,007	98,055	85,177	99,994	98,586	94,638	97,075	88,449	85,916	81,299	71,626	76,720	74,665	60,401	54,150	42,846
Other Income (Expenses):
Equity in (loss) earnings of unconsolidated joint ventures
-78,996	11,157	-19,269	6,962	9,217	9,245	8,886	7,438	7,410	5,924	5,880	8,388	5,324	4,742	4,152	4,132	4,078	3,321	4,169	3,383	4,618	3,776	3,455	3,477	2,581	2,957	2,174	2,330	2,335	1,733	1,520	3,493	1,389	1,296	1,390	1,058	1,208	1,061	955	741
Gain on deconsolidation, net
0	-	-	-	67,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of properties, net
304,801	267,651	0	0	0	7	26,577	14,192	39,273	30,746	9,750	380	-522	-195	169,000	0	1,097	322	-207	76,669	17,820	0	0	15,945	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income (expense), net
-3,542	10,734	16,842	16,980	21,444	1,106	-981	3,398	-42	324	2,813	367	151	-970	355	-3,325	-624	498	-358	-231	-2,290	641	378	-83	1,727	231	-127	-6	41	-116	83	1,216	709	398	2,218	380	264	327	34	403
Gain on insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,597	-	-	-	-	-	-	-	-	-	-	-	-
Gain on contribution of properties to unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	93,498	0	1,906	-	115,054	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
85,800	80,880	84,574	86,051	101,552	84,883	80,851	78,810	76,985	73,989	71,621	57,582	55,450	56,226	63,084	59,909	57,261	61,717	48,138	46,114	45,466	46,396	48,169	49,146	47,374	45,996	47,742	47,583	48,078	40,350	41,047	37,681	38,030	36,856	37,078	39,334	36,082	36,737	33,162	22,495
Income tax expense
7,182	-1,731	4,826	4,634	4,266	-5,843	2,432	2,121	3,374	545	2,494	2,639	2,223	2,304	3,720	2,252	2,109	407	1,754	2,615	1,675	1,201	1,178	1,021	1,838	-473	352	210	1,203	10	710	1,206	721	-1,164	461	233	428	343	534	292
Loss from early extinguishment of debt
-632	0	-5,366	-20,905	-12,886	-1,568	0	0	0	-	1,990	-	-	-29	-18	0	-964	0	0	-148	0	0	-195	-293	-292	-	-704	-501	-	-	-	-303	-	-104	-6	-363	-615	-1,083	-1,541	0
Net income
228,698	349,326	67,574	61,324	120,997	52,597	90,264	88,159	110,095	79,658	12,475	79,571	84,563	96,140	222,435	50,944	62,333	-16,573	57,842	137,997	122,325	-34,795	130,161	61,332	46,717	55,667	153,480	59,621	51,681	55,895	56,921	53,968	49,263	47,197	37,689	38,228	39,012	23,626	19,902	21,203
Net loss (income) attributable to noncontrolling interests
4,684	13,042	1,077	1,156	4,185	1,038	2,667	2,696	3,468	6,023	40	920	1,025	1,065	3,247	569	784	-590	864	2,486	2,142	-958	2,392	993	805	964	2,882	1,145	970	1,329	1,529	1,634	1,221	1,481	1,345	1,525	1,510	590	710	831
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P.
224,014	336,284	66,497	60,168	116,812	51,559	87,597	85,463	106,627	73,635	12,435	78,651	83,538	95,075	219,188	50,375	61,549	-15,983	56,978	135,511	120,183	-33,837	127,769	60,339	45,912	54,703	150,598	58,476	50,711	54,566	55,392	52,334	48,042	118,404	-36,344	36,703	37,502	23,036	19,192	20,372
Preferred units distributions, including undeclared distributions
21,155	20,707	16,670	16,670	20,943	20,329	20,329	20,329	20,329	20,329	16,575	14,505	17,393	17,393	21,530	22,424	22,424	24,056	18,456	18,456	18,455	18,455	18,455	18,829	11,726	11,726	11,726	11,399	8,054	9,751	9,777	10,313	8,831	9,726	4,436	4,713	6,522	9,194	10,101	10,101
Issuance costs associated with redeemed preferred stock
-	-	0	11,760	-	-	0	0	-	-	0	6,309	-	-	10,328	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs on redemption of preferred stock/units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,203	-	-
Net income available to common unitholders
202,859	315,577	49,827	31,738	95,869	31,230	67,268	65,134	86,298	53,306	-4,140	57,837	66,145	77,682	187,330	27,951	39,125	-40,039	38,522	117,055	101,728	-52,292	109,314	41,510	34,186	42,977	138,872	47,077	42,657	44,815	45,615	42,021	39,211	35,990	31,908	31,990	30,980	9,639	9,091	10,271
Net income per unit available to common unitholders:
Basic (in dollars per share/unit)
0.91	1.52	0.24	0.15	0.46	0.14	0.33	0.32	0.42	0.23	-0.02	0.36	0.42	0.48	1.27	0.19	0.27	-0.32	0.28	0.86	0.75	-0.39	0.81	0.31	0.27	0.33	1.08	0.37	0.34	0.36	0.37	0.38	0.37	0.34	0.32	0.33	0.34	0.11	0.11	0.13
Diluted (in dollars per share/unit)
0.90	1.50	0.24	0.15	0.46	0.14	0.33	0.32	0.42	0.24	-0.02	0.36	0.41	0.49	1.25	0.19	0.27	-0.33	0.28	0.86	0.75	-0.38	0.80	0.31	0.26	0.35	1.06	0.37	0.34	0.37	0.37	0.38	0.36	0.35	0.31	0.33	0.33	0.11	0.11	0.13
Weighted average common units outstanding:
Basic (shares/units)
222,163	208,788	208,421	208,284	207,809	206,352	206,118	205,956	205,714	205,913	170,194	160,832	159,297	159,026	147,397	146,824	146,565	145,643	135,832	135,810	135,704	135,644	135,492	133,802	128,535	128,472	128,427	128,419	126,445	123,983	122,026	109,761	107,099	105,309	100,588	96,295	91,428	87,908	80,542	76,121
Diluted (shares/units)
224,474	210,085	209,801	209,435	208,526	206,857	206,766	206,563	206,507	207,182	170,194	161,781	160,421	158,092	149,384	147,808	147,433	144,573	138,259	136,499	136,128	135,487	135,946	133,977	129,136	121,847	135,301	128,623	126,738	123,921	122,353	110,166	107,584	104,654	101,912	97,511	92,600	90,136	83,021	76,851
Rental and other services
Operating Revenues
820,072	782,468	802,472	799,386	812,030	619,619	603,833	596,326	592,298	577,631	500,442	470,877	461,351	603,379	395,212	377,109	371,128	371,290	336,679	329,213	317,804	319,816	317,064	313,420	305,786	296,987	290,712	285,953	281,399	272,906	260,052	234,923	222,834	214,264	206,846	202,806	196,795	184,204	156,831	125,490
Tenant reimbursements
Operating Revenues
-	-	0	0	-	155,731	163,104	155,723	150,079	151,981	107,613	93,342	87,288	87,809	95,665	88,211	84,218	90,990	95,484	87,572	85,829	88,717	92,209	85,687	83,621	82,629	88,059	76,681	75,917	75,147	78,878	60,422	57,862	52,010	56,656	51,311	51,834	52,975	39,597	29,434
Fee income and other
Operating Revenues
3,265	4,995	3,994	1,411	2,485	2,917	1,987	2,870	1,991	2,417	1,662	1,429	1,895	34,915	1,517	1,251	1,799	1,880	1,595	1,549	1,614	1,871	2,748	1,466	1,183	1,315	671	728	806	-	-	-	-	-	-	-	-	-	-	-
Digital Realty Trust, L.P.
Rental and other services
-	-	-	-	-	-	-	-	-	-	500,442	470,877	461,351	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	107,613	93,342	87,288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fee income and other
-	-	-	-	-	-	-	-	-	-	1,662	1,429	1,895	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	208	341	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating revenues
823,337	787,463	806,466	800,797	814,515	778,267	768,924	754,919	744,368	731,445	609,925	565,989	550,569	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental property operating and maintenance
265,708	254,161	259,431	252,032	254,954	255,132	245,971	230,322	225,640	225,500	190,061	174,716	169,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property taxes and insurance
45,670	45,596	41,358	44,923	40,306	34,510	37,524	29,890	38,994	47,329	32,586	28,161	26,919	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance
-	-	-	-	-	-	-	-	-	-	2,590	2,576	2,592	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
291,457	275,008	286,718	290,562	311,486	299,362	293,957	298,788	294,789	287,973	199,914	178,111	176,466	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
63,538	54,670	49,985	52,983	53,459	39,403	41,642	46,099	36,523	45,520	43,765	37,509	34,647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transactions and integration
56,801	17,106	4,115	4,210	2,494	25,917	9,626	5,606	4,178	15,681	42,809	14,235	3,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of investments in real estate
0	0	0	0	5,351	0	0	0	0	-	28,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
114	1,989	92	7,115	4,922	1,096	1,139	152	431	6,152	-3,051	-24	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
723,288	648,530	641,699	651,825	672,972	655,420	629,859	610,857	600,555	614,247	543,768	435,332	413,286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
100,049	138,933	164,767	148,972	141,543	122,847	139,065	144,062	143,813	117,198	66,157	130,657	137,283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in (loss) earnings of unconsolidated joint ventures
-78,996	11,157	-19,269	6,962	9,217	9,245	8,886	7,438	7,410	5,924	5,880	8,388	5,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on deconsolidation, net
0	-	-	-	67,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of properties, net
304,801	267,651	0	0	0	7	26,577	14,192	39,273	30,746	9,750	380	-522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income (expense), net
-3,542	10,734	16,842	16,980	21,444	1,106	-981	3,398	-42	324	2,813	367	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
85,800	80,880	84,574	86,051	101,552	84,883	80,851	78,810	76,985	73,989	71,621	57,582	55,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
7,182	-1,731	4,826	4,634	4,266	-5,843	2,432	2,121	3,374	545	2,494	2,639	2,223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from early extinguishment of debt
-632	0	-5,366	-20,905	-12,886	-1,568	0	0	0	-	1,990	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
228,698	349,326	67,574	61,324	120,997	52,597	90,264	88,159	110,095	79,658	12,475	79,571	84,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss (income) attributable to noncontrolling interests
-3,116	-58	-1,223	-244	-115	-262	-33	-4	-12	3,885	119	113	121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P.
231,814	349,384	68,797	61,568	121,112	52,859	90,297	88,163	110,107	75,773	12,356	79,458	84,442	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred units distributions, including undeclared distributions
21,155	-	-	-	20,943	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends, including undeclared dividends
-	-	16,670	16,670	-	-	20,329	20,329	20,329	-	16,575	14,505	17,393	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance costs associated with redeemed preferred stock
-	-	0	11,760	-	-	0	0	-	-	0	6,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common unitholders
210,659	328,677	52,127	33,138	100,169	32,530	69,968	67,834	89,778	55,444	-4,219	58,644	67,049	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share/unit)
0.91	1.52	0.24	0.15	0.46	0.14	0.33	0.32	0.42	0.23	-0.02	0.36	0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share/unit)
0.90	1.50	0.24	0.15	0.46	0.14	0.33	0.32	0.42	0.24	-0.02	0.36	0.41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (shares/units)
230,442	217,378	217,375	217,346	217,039	214,664	214,289	214,288	214,009	214,210	173,460	163,077	161,474	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (shares/units)
232,753	218,675	218,755	218,497	217,756	215,168	214,937	214,895	214,802	215,479	173,460	164,026	162,599	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-