Istar inc. (STAR)
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'11Sep'10Jun'10
Revenues:
Revenues

173,461

128,888

145,338

98,468

106,802

140,165

122,141

171,571

364,245

103,144

119,872

347,867

108,319

94,130

124,054

122,359

114,644

153,505

120,487

109,185

112,857

93,072

113,486

129,843

108,749

101,100

95,696

99,919

94,075

95,705

93,534

107,218

101,082

132,484

94,313

125,426

110,242

133,297

135,404

Costs and expenses:
Interest expense

43,392

47,068

46,522

43,752

46,577

48,178

47,219

43,172

45,182

46,002

48,732

48,807

51,145

53,225

55,105

56,047

57,021

57,303

56,880

55,824

54,632

55,073

55,424

56,530

57,456

61,709

63,793

69,157

71,566

83,502

91,777

94,474

85,344

86,430

90,659

95,753

69,344

77,286

82,313

Operating costs-net lease assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,845

4,384

4,288

5,226

2,351

Depreciation, Depletion and Amortization, Nonproduction

14,486

14,674

14,199

13,718

15,668

16,843

19,979

10,767

11,110

11,736

11,846

13,171

12,280

11,078

12,201

13,673

14,708

12,241

15,787

15,516

18,501

15,218

17,722

18,822

18,613

17,650

18,962

17,330

17,324

19,311

16,551

16,740

16,168

13,653

13,953

15,011

15,474

15,246

16,257

General and administrative

34,271

26,097

24,110

27,303

21,099

18,480

21,613

23,228

28,814

25,536

20,955

27,218

25,173

21,594

19,666

19,665

23,102

18,757

21,181

20,586

20,753

18,499

23,377

26,623

19,788

25,105

24,285

20,876

21,848

19,182

19,037

19,792

22,845

27,962

26,978

25,699

24,400

24,239

25,114

Provision for (recovery of) loan losses

4,003

10,274

-3,805

110

-97

-3,010

200

18,892

855

-13,956

2,600

600

4,928

-4,647

14,955

700

1,506

5,623

7,500

19,151

4,293

5,151

-673

-2,792

-3,400

97

-9,834

5,020

10,206

20,875

16,834

26,531

17,500

15,949

9,232

10,350

10,881

78,414

109,359

Provision for Lease Losses

1,292

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recovery of loan losses

-

-

-

-

-

-

-

-

855

-

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Impairment Charges

1,708

8,466

0

1,102

3,851

135,931

989

6,088

4,100

17,087

595

10,284

4,413

2,731

8,741

3,012

0

-

3,916

1,674

-

12,893

15,462

3,300

2,979

6,328

6,261

0

0

5,145

1,734

6,150

749

-927

9,912

2,764

1,490

3,832

12,195

Other expense

74

322

407

11,883

508

860

298

3,716

1,166

105

2,704

16,276

1,869

1,142

819

3,182

740

29

3,334

888

2,123

1,714

-285

4,690

221

784

1,495

146

5,625

10,512

2,394

3,907

453

3,915

3,974

459

2,722

4,219

5,239

Total costs and expenses

198,783

166,039

152,721

129,142

127,995

284,070

134,699

226,267

349,104

158,857

146,024

272,306

141,452

133,817

138,824

148,869

142,957

178,806

154,438

155,246

146,827

149,737

155,075

151,338

141,924

156,779

142,508

149,510

164,377

198,948

186,124

205,766

178,127

216,597

179,345

172,422

146,387

227,573

266,105

Gain from discontinued operations

-

-

-

-

-

-

-

-

-

-

0

123,418

-

-

0

0

-

-

-

-

-

-

-

-

-

-256

9,166

8,279

5,044

0

0

24,851

2,406

-

22,198

0

-

4,422

265,960

Income tax expense from discontinued operations

-

-

-

-

-

-

-

-

-

-

0

4,545

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Properties

0

3,217

3,476

220,523

9,407

46,652

5,409

56,895

17,048

63,782

19,313

844

8,110

16,910

34,444

43,484

10,458

27,794

26,511

18,355

21,156

28,478

27,791

17,180

16,494

-

14,075

34,319

-

-

-

-

-

-

-

-

-

-

-

Loss from operations before earnings from equity method investments and other items

-25,322

-33,934

-3,907

189,849

-11,786

-97,253

-7,149

2,199

32,189

36,336

-26,152

75,561

-33,133

65,609

-14,770

-26,510

-28,313

-25,301

-33,951

-46,061

-33,970

-56,665

-41,589

-21,495

-33,175

-55,679

-46,812

-49,591

-70,302

-103,243

-92,590

-98,548

-77,045

-84,113

-85,032

-46,996

-36,145

-94,276

-130,701

Gain (Loss) on Extinguishment of Debt

-4,115

-27,256

0

0

-468

-6,920

-911

-2,164

-372

-10,583

-616

-3,315

-210

-1

-36

-1,457

-125

-2

-67

-44

-168

-416

-186

-23,587

-1,180

-4,909

-3,498

-15,242

-9,541

-30,958

-3,694

-4,868

1,704

-884

-3,207

-1,047

106,604

9,525

70,054

Income (Loss) from Equity Method Investments

16,612

25,283

7,617

3,640

5,309

-426

-635

-7,278

3,332

-663

2,461

5,515

5,702

3,095

26,540

39,447

8,267

6,249

10,572

8,785

6,547

18,057

49,578

24,093

3,177

7,174

4,345

8,323

21,678

27,084

22,719

18,420

34,786

40,211

10,817

19,131

24,932

6,523

13,750

Selling profit from sales-type leases

-

-

0

180,416

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on consolidation of equity method investment

-

-

0

0

-

-

0

67,877

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss before income taxes

-12,825

-35,907

3,710

373,905

-6,945

-104,599

-8,695

60,634

35,149

25,090

-24,307

77,761

-27,641

68,703

11,734

11,480

-20,171

-19,054

-23,446

-37,320

-27,591

-39,024

7,803

-20,989

-31,178

-60,787

-45,965

-56,510

-58,165

-107,117

-73,565

-84,996

-40,555

-44,786

-77,422

-28,912

95,391

-78,228

-46,897

Income Tax Expense (Benefit)

60

115

84

214

25

429

137

128

121

-1,921

-1,278

1,644

607

-306

-8,256

-1,190

-414

3,843

-2,893

811

5,878

4,531

103

-215

-507

-1,284

-3,879

429

4,075

1,906

1,791

3,477

1,271

-14,450

1,354

-2,675

11,052

722

793

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

27,011

-23,029

76,117

-28,248

69,009

19,990

12,670

-19,757

-22,897

-20,553

-38,131

-33,469

-43,555

7,700

-20,774

-30,671

-59,503

-42,086

-56,939

-62,240

-109,023

-75,356

-88,473

-41,826

-30,336

-78,776

-26,237

84,339

-78,950

-47,690

Income from discontinued operations

-

-

-

-

-

-

-

-

-

0

0

173

4,766

-

3,721

3,633

-

-

-

-

-

-

-

-

-

-800

255

-57

1,246

1,187

-4,534

-773

-13,361

-7,211

1,917

217

-437

-104

11,581

Income from sales of residential property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,697

-

15,584

13,266

6,733

-

0

0

-

-

-

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

-12,885

-36,022

3,626

373,691

-6,970

-105,028

-8,832

60,506

35,028

3,289

-3,716

196,007

-15,372

-8,461

58,155

59,787

-9,299

19,974

5,958

-19,776

-12,313

-1,955

35,491

-3,594

-14,177

-45,992

-18,590

-14,398

-32,253

-79,947

-64,306

-51,129

-46,048

-28,914

-54,661

-26,020

83,902

-74,632

229,851

Net Income (Loss) Attributable to Noncontrolling Interest

2,691

2,115

2,845

2,852

2,471

2,304

2,028

9,509

95

76

-160

5,710

-1,100

-2,040

-967

8,825

-942

-546

-706

-629

-1,841

-1,071

-412

325

454

1,051

167

-311

-189

-137

-666

-722

25

-3,071

-1,002

14

430

858

544

Comprehensive (income) loss attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-967

8,825

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to iStar Inc.

-15,576

-38,137

781

370,839

-9,441

-107,332

-10,860

50,997

34,933

3,213

-3,556

190,297

-14,272

-6,421

59,122

50,962

-8,357

20,520

6,664

-19,147

-10,472

-884

35,903

-3,919

-14,631

-47,043

-18,757

-14,087

-32,064

-79,810

-63,640

-50,407

-46,073

-25,843

-53,659

-26,034

83,472

-75,490

229,307

Preferred dividends

5,874

8,123

8,124

8,124

8,124

8,123

8,124

8,124

8,124

8,124

30,974

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,830

12,780

10,580

10,580

10,580

10,580

10,580

10,580

10,580

10,580

10,580

10,580

10,580

Net income allocable to Participating Security holders(2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-20

-

-790

94

1,027

749

444

-746

542

889

1,939

1,016

866

1,381

2,965

2,436

1,991

1,861

4,372

2,008

1,089

-5,472

2,539

-6,452

Net loss allocable to common shareholders

-21,450

-46,260

-7,343

362,715

-17,565

-115,455

-18,984

42,873

26,809

-4,911

-34,530

177,467

-27,102

-19,245

46,292

38,112

-21,187

6,900

-6,072

-30,950

-22,553

-13,270

22,327

-16,207

-26,572

-57,934

-30,571

-26,001

-41,263

-87,425

-71,784

-58,996

-54,792

-32,051

-62,231

-35,525

67,420

-83,531

212,275

Per common share data:
Income (loss) attributable to iStar Inc. from continuing operations:
Income (Loss) from Continuing Operations, Per Basic Share

-

-

-

-

-

-

-

-

-

-0.14

-0.48

0.81

-0.44

-

0.60

0.47

-

-

-0.07

-0.36

-

-

0.26

-

-

-

-0.46

-

-

-

-

-0.98

-0.54

-

-0.97

-0.38

0.73

-

-0.61

Income (Loss) from Continuing Operations, Per Diluted Share

-

-

-

-

-

-

-

-

-

-0.02

-0.48

0.69

-0.44

-

0.41

0.34

-

-

-0.07

-0.36

-

-

0.21

-

-

-

-0.46

-

-

-

-

-0.98

-0.54

-

-0.97

-0.38

0.71

-

-0.61

Basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.27

-

-

-

-0.26

-

-

-0.19

-0.31

-

-

-0.40

-0.56

-

-0.81

-

-

-

-

-

-

-0.94

-

Earnings Per Share, Basic and Diluted [Abstract]
Earnings Per Share [Abstract]
Basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.27

-

-

-

-0.26

-

-

-0.19

-0.31

-

-

-0.31

-0.49

-

-0.86

-

-

-

-

-

-

-0.89

-

Basic (in dollars per share)

-0.28

-0.78

-0.12

5.67

-0.26

-1.69

-0.28

0.63

0.39

-0.04

-0.48

2.46

-0.38

-

0.65

0.52

-

-

-0.07

-0.36

-

-

0.26

-

-

-

-0.36

-

-

-

-

-0.70

-0.66

-

-0.71

-0.38

0.73

-

2.27

Diluted (in dollars per share)

-0.28

-0.44

-0.12

4.55

-0.26

-1.56

-0.28

0.54

0.35

0.38

-0.48

2.04

-0.38

-

0.44

0.37

-

-

-0.07

-0.36

-

-

0.21

-

-

-

-0.36

-

-

-

-

-0.70

-0.66

-

-0.71

-0.38

0.71

-

2.27

Weighted average number of common shares:
Weighted average number of common shares:
Basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77,060

-

-

-

85,497

-

-

84,916

84,819

-

-

85,125

84,824

-

83,629

-

-

-

-

-

-

-

-

Basic (in shares)

77,444

64,850

62,168

64,019

67,747

68,012

67,975

67,932

67,913

68,164

71,713

72,142

72,065

-

71,210

73,984

-

-

85,766

85,541

-

-

85,163

-

-

-

85,392

-

-

-

-

84,113

83,556

-

87,951

92,621

92,458

93,370

93,382

Diluted (in shares)

77,444

112,490

62,168

80,259

67,747

36,493

67,975

83,694

83,670

52,111

71,713

88,195

72,065

-

115,666

118,510

-

-

85,766

85,541

-

-

130,160

-

-

-

85,392

-

-

-

-

84,113

83,556

-

87,951

92,621

94,609

93,370

93,382

Dividends declared per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allocated Share-based Compensation Expense

-

-

-

-

-

-

-

-

-

-

2,934

3,915

5,881

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) attributable to iStar Financial Inc. from continuing operations:
Income (loss) attributable to iStar Inc. from operationsBasic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21.86

-13.41

-68.47

-49.93

-

-

-36.13

-59.27

-

-

-75.41

-105.61

-

-152.47

-

-

-

-

-

-

-

-

Net income (loss) attributable to iStar Inc.Basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11.81

-13.41

-68.47

-49.93

-

-

-36.13

-59.27

-

-

-57.74

-92.07

-

-162.40

-

-

-

-

-

-

-169.27

-

Basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-177.74

-

Basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-169.27

-

Weighted average number of HPU shareBasic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

7

15

15

-

-

15

15

-

-

15

15

15

15

15

15

15

15

15

15

15

15

Income (loss) attributable to iStar Inc. from continuing operationsBasic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49.60

-

-

-

-87.93

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-185.13

-100.07

-

-184.14

-73.00

138.80

-

-115.67

Income (loss) attributable to iStar Inc. from continuing operationsDiluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40.13

-

-

-

-87.93

-

-

-

-

-185.13

-100.07

-

-184.14

-73.00

135.87

-

-

Net income (loss) attributable to iStar Financial Inc.Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49.60

-

-

-

-67.73

-

-

-

-

-132.73

-124.07

-

-133.87

-72.60

138.00

-

430.13

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-115.67

Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-132.73

-124.07

-

-133.87

-72.60

138.00

-

430.13

Net income (loss) attributable to iStar Financial Inc.Diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40.13

-

-

-

-67.73

-

-

-

-

-132.73

-124.07

-

-133.87

-72.60

135.07

-

430.13

Weighted average High Performance Units outstanding for basic earnings per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average High Performance Units outstanding for diluted earnings per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease income
Revenues

47,346

48,178

44,110

55,185

58,915

58,675

59,109

44,609

45,799

45,529

47,806

47,002

47,347

39,468

46,800

49,975

54,937

40,217

55,699

56,152

59,139

45,906

60,691

60,967

62,108

59,213

60,227

57,112

58,015

56,028

53,029

54,111

53,123

79,109

38,322

37,642

40,799

40,471

42,973

Interest income
Revenues

17,216

17,237

19,701

20,341

20,375

23,054

22,915

25,212

26,697

23,403

25,442

28,645

29,058

29,276

32,258

34,400

33,219

32,463

33,599

33,729

34,896

28,565

31,098

35,127

27,914

29,431

24,235

29,682

24,667

28,588

31,171

36,448

37,203

40,067

45,851

80,185

60,768

84,210

86,469

Interest income from sales-type leases
Revenues

8,355

-

8,339

3,817

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income
Revenues

20,368

12,230

18,270

10,050

14,813

18,391

27,808

20,823

15,320

16,055

20,662

139,510

11,864

11,435

13,442

10,096

11,541

9,711

16,888

12,761

10,564

15,330

18,407

29,262

14,584

12,456

11,234

13,125

11,393

11,089

9,334

16,659

10,756

13,308

10,140

7,599

8,675

8,616

5,962

Land development
Revenues

80,176

42,903

54,918

9,075

12,699

40,045

12,309

80,927

276,429

18,157

25,962

132,710

20,050

13,951

31,554

27,888

14,947

71,114

14,301

6,543

8,258

3,271

3,290

4,487

4,143

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Cost of sales expense

77,059

37,877

48,101

9,236

14,449

31,299

12,114

83,361

223,407

15,028

27,512

122,466

15,910

11,166

22,004

17,262

11,575

44,544

10,686

5,252

6,900

2,812

2,763

3,611

3,654

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Real estate
Cost of sales expense

22,498

21,261

23,187

22,038

25,940

33,779

32,287

37,043

36,180

41,063

36,280

34,684

35,590

32,646

35,243

35,328

34,305

35,366

35,154

36,355

39,634

38,377

41,285

40,554

42,613

45,106

37,546

36,981

37,808

40,421

37,797

38,172

35,068

83,132

19,792

18,002

17,788

19,111

13,277

iPIP Plans
Allocated Share-based Compensation Expense

-

-

-

-

-

-

-

-

-

-

1,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-