Spirit realty capital, inc. (SRC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Rental income

438,691

402,321

424,260

420,003

381,238

574,456

404,402

266,567

255,672

257,201

240,303

Interest income on loans receivable

3,240

3,447

3,346

3,399

3,647

7,239

-

5,696

6,772

9,572

-

Earned income from direct financing leases

1,239

1,814

2,078

2,742

3,024

3,343

1,572

0

0

-

1,912

Related party fee income

69,218

15,838

-

0

-

-

-

-

-

-

-

Tenant reimbursement income

-

-

-

-

13,931

13,085

5,637

0

0

-

19,124

Other income

4,039

21,705

1,574

9,196

866

4,748

1,928

852

786

14,473

-

Interest income on mortgage notes receivable

-

-

-

-

-

-

-

-

-

-

6,867

Interest income on marketable securities

-

-

-

-

-

-

-

-

-

-

7,249

Total revenues

516,427

445,125

431,258

435,340

402,706

602,871

419,467

273,115

263,230

281,246

275,455

Expenses:
General and administrative

52,424

52,993

54,998

48,651

45,663

42,637

35,146

36,252

27,854

19,583

7,020

Termination of interest rate swaps

12,461

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

6,300

7,056

0

0

-

-

-

-

Finance restructuring costs

-

-

-

-

-

13,022

717

0

-

-

-

Property operating expenses

-

-

-

-

-

-

-

-

-

-

25,821

Property and asset management expenses

-

-

-

-

-

-

-

-

-

-

14,904

Merger costs

-

-

-

-

-

-

56,644

0

0

-

3,241

Litigation

-

-

-

-

-

-

-

-

-

22,282

-

Property costs (including reimbursable)

18,637

21,066

28,487

26,045

21,379

23,383

11,760

5,176

4,693

2,631

-

Deal pursuit costs

844

210

1,434

-

-

-

-

-

-

-

-

Real estate acquisition costs

-

-

-

2,904

2,352

3,631

1,718

1,054

553

-

-

Gain on sale of real estate assets, equity in income of unconsolidated joint venture and other income

-

-

-

-

-

-

-

-

-

-

612

Interest and other income

-

-

-

-

-

-

-

-

-

-

572

Interest

101,060

97,548

113,394

118,690

139,183

220,070

179,267

156,220

169,343

172,500

98,997

Depreciation and amortization

175,465

162,452

173,686

173,036

166,478

247,966

164,054

104,984

103,179

104,201

-

Impairments

24,091

6,725

61,597

61,395

50,381

37,598

-

-

5,646

20,290

-

Impairments (recoveries)

-

-

-

-

-

-

-185

8,918

-

-

-

Total expenses

384,982

340,994

433,596

437,062

432,492

588,307

449,121

312,604

311,268

341,487

-

Other income:
Depreciation

-

-

-

-

-

-

-

-

-

-

56,122

Amortization

-

-

-

-

-

-

-

-

-

-

34,628

Impairment of real estate assets

-

-

-

-

-

-

-

-

-

-

13,500

Total operating expenses

-

-

-

-

-

-

-

-

-

-

155,236

Income (loss) from continuing operations before other income and income tax expense

-

-

-

-

-29,786

14,564

-29,654

-39,489

-48,038

-60,241

120,219

Gain on debt extinguishment

-14,330

27,092

579

1,605

-2,375

-64,750

-2,405

-32,522

0

-

-

Income (loss) before (loss) gain on disposition of assets

-

-

-

-

-

-47,166

-1,616

-76,233

-

-

-

Gain on disposition of assets

58,850

14,629

42,698

29,623

-61

10,221

-

0

-

-

-

Preferred dividend income from SMTA

10,802

8,750

-

0

-

-

-

-

-

-

-

Other expense

-

5,319

-

0

-

-

-

-

-

-

-

Total other income

55,322

45,152

43,277

31,228

-

-

-

-

-

-

-97,813

(Loss) income before income tax expense

186,767

149,283

40,939

29,506

-32,222

-50,186

-32,059

-72,011

-48,038

-63,351

-

Gain on debt repurchases

-

-

-

-

-

-

-

-

-

9,455

-

Loss on sale of loans receivable

-

-

-

-

-

-

-

-

-

-12,565

-

Total other income (expense)

-

-

-

-

-2,436

-64,750

-

-

-

-3,110

-

Total other expense

-

-

-

-

-

-

2,405

32,522

0

-

-

Income tax expense

11,501

792

511

868

479

673

1,113

504

-60

239

-

Income from continuing operations

175,266

148,491

40,428

28,638

-32,701

-50,859

-33,172

-72,515

-47,978

-63,590

-

Income from discontinued operations

-

-

-

-

-

3,368

-4,530

-369

-13,149

-22,556

-

Gain on disposition of assets

-

-

-

-

-

325

36,086

-3,349

-2,736

-391

-

(Loss) income from discontinued operations

-

-16,439

36,720

68,808

125,913

3,693

31,556

-3,718

-15,885

-22,947

-

Net (loss) income

175,266

132,052

77,148

97,446

93,212

-36,945

-

-76,233

-63,863

-86,537

22,406

Dividends paid to preferred shareholders

10,350

10,352

2,530

0

0

-

-

63

16

15

-

Net (loss) income attributable to common stockholders/after preferred distributions

164,916

121,700

74,618

97,446

93,212

-

-1,616

-76,296

-63,879

-86,552

-

Net (loss) income per share attributable to common stockholders:
Net income per share attributable to common stockholders - basic:
Continuing operations (in USD per share)

1.81

1.59

0.40

0.30

-0.08

-0.11

-0.14

-

-

-

-

Discontinued operations (in USD per share)

-

-0.19

0.39

0.73

0.29

0.01

0.13

-

-

-

-

Basic (in USD per share)

1.81

1.40

0.79

1.03

0.21

-0.10

-0.01

-

-

-

-

Net income per share attributable to common stockholders - diluted:
Continuing operations (in USD per share)

1.81

1.58

0.40

0.30

-0.08

-0.11

-0.14

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

0.73

0.29

0.01

0.13

-

-

-

-

Discontinued operations (in USD per share)

-

-0.19

0.39

-

-

-

-

-

-

-

-

Diluted (in USD per share)

1.81

1.39

0.79

1.03

0.21

-0.10

-0.01

-

-

-

-

Net (loss) income per share of common stockbasic and diluted:
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-0.92

-0.97

-2.46

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-0.05

-0.33

-0.89

-

Net (loss) income per share attributable to common stockholders - basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-0.97

-1.30

-3.35

0.11

Weighted average shares of common stock outstanding:
Basic (in shares)

90,621

86,321

93,586

93,843

432,222

386,809

255,020

-

-

-

202,686

Diluted (in shares)

90,869

86,476

93,588

93,849

432,222

386,809

255,020

-

-

-

202,690

Net (loss) income per partnership unit:
Weighted average partnership units outstanding:
Basic and diluted (in shares)

-

-

-

-

-

-

-

78,625

49,265

25,863

-

Spirit Realty, L.P.
Rental income

438,691

402,321

424,260

-

-

-

-

-

-

-

-

Rental income

-

-

-

420,003

-

-

-

-

-

-

-

Interest income on loans receivable

3,240

3,447

3,346

-

-

-

-

-

-

-

-

Interest income on loans receivable

-

-

-

3,399

-

-

-

-

-

-

-

Earned income from direct financing leases

1,239

1,814

2,078

-

-

-

-

-

-

-

-

Earned income from direct financing leases

-

-

-

2,742

-

-

-

-

-

-

-

Related party fee income

69,218

15,838

-

-

-

-

-

-

-

-

-

Related party fee income

-

-

-

0

-

-

-

-

-

-

-

Other income

4,039

21,705

1,574

-

-

-

-

-

-

-

-

Other income

-

-

-

9,196

-

-

-

-

-

-

-

Total revenues

516,427

445,125

431,258

-

-

-

-

-

-

-

-

Total revenues

-

-

-

435,340

-

-

-

-

-

-

-

General and administrative

52,424

52,993

54,998

-

-

-

-

-

-

-

-

General and administrative

-

-

-

48,651

-

-

-

-

-

-

-

Termination of interest rate swaps

12,461

-

-

-

-

-

-

-

-

-

-

Property costs (including reimbursable)

18,637

21,066

28,487

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

6,341

-

-

-

-

-

-

-

Property costs (including reimbursable)

-

-

-

26,045

-

-

-

-

-

-

-

Deal pursuit costs

844

210

1,434

-

-

-

-

-

-

-

-

Interest

101,060

97,548

113,394

-

-

-

-

-

-

-

-

Real estate acquisition costs

-

-

-

2,904

-

-

-

-

-

-

-

Interest

-

-

-

118,690

-

-

-

-

-

-

-

Depreciation and amortization

175,465

162,452

173,686

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

173,036

-

-

-

-

-

-

-

Impairments

24,091

6,725

61,597

-

-

-

-

-

-

-

-

Total expenses

384,982

340,994

433,596

-

-

-

-

-

-

-

-

Impairments

-

-

-

61,395

-

-

-

-

-

-

-

Total expenses

-

-

-

437,062

-

-

-

-

-

-

-

Gain on debt extinguishment

-14,330

27,092

579

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

1,605

-

-

-

-

-

-

-

Gain on disposition of assets

58,850

14,629

42,698

-

-

-

-

-

-

-

-

Gain on disposition of assets

-

-

-

29,623

-

-

-

-

-

-

-

Preferred dividend income from SMTA

10,802

8,750

-

-

-

-

-

-

-

-

-

Preferred dividend income from SMTA

-

-

-

0

-

-

-

-

-

-

-

Other expense

-

5,319

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

0

-

-

-

-

-

-

-

Total other income

55,322

45,152

43,277

-

-

-

-

-

-

-

-

Total other income

-

-

-

31,228

-

-

-

-

-

-

-

(Loss) income before income tax expense

186,767

149,283

40,939

-

-

-

-

-

-

-

-

Income tax expense

11,501

792

511

-

-

-

-

-

-

-

-

Income from continuing operations before income tax expense

-

-

-

29,506

-

-

-

-

-

-

-

Income tax expense

-

-

-

868

-

-

-

-

-

-

-

Income from continuing operations

175,266

148,491

40,428

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

28,638

-

-

-

-

-

-

-

(Loss) income from discontinued operations

-

-16,439

36,720

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

68,808

-

-

-

-

-

-

-

Net (loss) income

175,266

132,052

77,148

-

-

-

-

-

-

-

-

Net income

-

-

-

97,446

-

-

-

-

-

-

-

Dividends paid to preferred shareholders

10,350

10,352

2,530

-

-

-

-

-

-

-

-

Dividends paid to preferred shareholders

-

-

-

0

-

-

-

-

-

-

-

Net (loss) income attributable to common stockholders/after preferred distributions

164,916

121,700

74,618

-

-

-

-

-

-

-

-

Net income attributable to common stockholders/after preferred distributions

-

-

-

97,446

-

-

-

-

-

-

-

Continuing operations

1,450

1,270

353

-

-

-

-

-

-

-

-

Continuing operations

-

-

-

243

-

-

-

-

-

-

-

Discontinued operations

-

-151

304

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

582

-

-

-

-

-

-

-

Net (loss) income attributable to the general partner

1,450

1,119

657

-

-

-

-

-

-

-

-

Net income attributable to the general partner

-

-

-

825

-

-

-

-

-

-

-

Continuing operations

173,816

147,221

40,075

-

-

-

-

-

-

-

-

Continuing operations

-

-

-

28,395

-

-

-

-

-

-

-

Discontinued operations

-

-16,288

36,416

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

68,226

-

-

-

-

-

-

-

Net (loss) income attributable to the limited partners

173,816

130,933

76,491

-

-

-

-

-

-

-

-

Net income attributable to the limited partners

-

-

-

96,621

-

-

-

-

-

-

-

Continuing operations

1.81

1.59

0.40

-

-

-

-

-

-

-

-

Continuing operations (in USD per share)

-

-

-

0.30

-

-

-

-

-

-

-

Discontinued operations

-

-0.19

0.39

-

-

-

-

-

-

-

-

Discontinued operations (in USD per share)

-

-

-

0.73

-

-

-

-

-

-

-

Basic

1.81

1.40

0.79

-

-

-

-

-

-

-

-

Net income per partnership unit - basic (in USD per share)

-

-

-

1.03

-

-

-

-

-

-

-

Continuing operations

1.81

1.58

0.40

-

-

-

-

-

-

-

-

Continuing operations (in USD per share)

-

-

-

0.30

-

-

-

-

-

-

-

Discontinued operations

-

-0.19

0.39

-

-

-

-

-

-

-

-

Discontinued operations (in USD per share)

-

-

-

0.73

-

-

-

-

-

-

-

Diluted

1.81

1.39

0.79

-

-

-

-

-

-

-

-

Net income per partnership unit - diluted (in USD per share)

-

-

-

1.03

-

-

-

-

-

-

-

Basic

90,621

86,321

93,586

-

-

-

-

-

-

-

-

Basic (in shares)

-

-

-

93,843

-

-

-

-

-

-

-

Diluted

90,869

86,476

93,588

-

-

-

-

-

-

-

-

Diluted (in shares)

-

-

-

93,849

-

-

-

-

-

-

-