Istar inc. (STAR)
Income statement / TTM
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

546,155

479,496

490,773

467,576

540,679

798,122

761,101

758,832

935,128

679,202

670,188

674,370

448,862

455,187

514,562

510,995

497,821

496,034

435,601

428,600

449,258

445,150

453,178

435,388

405,464

390,790

385,395

383,233

390,532

397,539

434,318

435,097

453,305

462,465

463,278

504,369

0

0

0

Costs and expenses:
Interest expense

180,734

183,919

185,029

185,726

185,146

183,751

181,575

183,088

188,723

194,686

201,909

208,282

215,522

221,398

225,476

227,251

227,028

224,639

222,409

220,953

221,659

224,483

231,119

239,488

252,115

266,225

288,018

316,002

341,319

355,097

358,025

356,907

358,186

342,186

333,042

324,696

0

0

0

Operating costs-net lease assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Depreciation, Depletion and Amortization, Nonproduction

57,077

58,259

60,428

66,208

63,257

58,699

53,592

45,459

47,863

49,033

48,375

48,730

49,232

51,660

52,823

56,409

58,252

62,045

65,022

66,957

70,263

70,375

72,807

74,047

72,555

71,266

72,927

70,516

69,926

68,770

63,112

60,514

58,785

58,091

59,684

61,988

0

0

0

General and administrative

111,781

98,609

90,992

88,495

84,420

92,135

99,191

98,533

102,523

98,882

94,940

93,651

86,098

84,027

81,190

82,705

83,626

81,277

81,019

83,215

89,252

88,287

94,893

95,801

90,054

92,114

86,191

80,943

79,859

80,856

89,636

97,577

103,484

105,039

101,316

99,452

0

0

0

Provision for (recovery of) loan losses

10,582

6,482

-6,802

-2,797

15,985

16,937

5,991

8,391

-9,901

-5,828

3,481

15,836

15,936

12,514

22,784

15,329

33,780

36,567

36,095

27,922

5,979

-1,714

-6,768

-15,929

-8,117

5,489

26,267

52,935

74,446

81,740

76,814

69,212

53,031

46,412

108,877

209,004

0

0

0

Provision for Lease Losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recovery of loan losses

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Impairment Charges

11,276

13,419

140,884

141,873

146,859

147,108

28,264

27,870

32,066

32,379

18,023

26,169

18,897

14,484

15,669

8,602

0

-

0

0

-

34,634

28,069

18,868

15,568

12,589

11,406

6,879

13,029

13,778

7,706

15,884

12,498

13,239

17,998

20,281

0

0

0

Other expense

12,686

13,120

13,658

13,549

5,382

6,040

5,285

7,691

20,251

20,954

21,991

20,106

7,012

5,883

4,770

7,285

4,991

6,374

8,059

4,440

8,242

6,340

5,410

7,190

2,646

8,050

17,778

18,677

22,438

17,266

10,669

12,249

8,801

11,070

11,374

12,639

0

0

0

Total costs and expenses

646,685

575,897

693,928

675,906

773,031

994,140

868,927

880,252

926,291

718,639

693,599

686,399

562,962

564,467

609,456

625,070

631,447

635,317

606,248

606,885

602,977

598,074

605,116

592,549

590,721

613,174

655,343

698,959

755,215

768,965

786,614

779,835

746,491

714,751

725,727

812,487

0

0

0

Gain from discontinued operations

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

22,233

22,489

13,323

29,895

27,257

49,455

49,455

0

-

0

0

-

0

0

Income tax expense from discontinued operations

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Properties

227,216

236,623

280,058

281,991

118,363

126,004

143,134

157,038

100,987

92,049

45,177

60,308

102,948

105,296

116,180

108,247

83,118

93,816

94,500

95,780

94,605

89,943

75,540

82,068

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

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

126,686

140,222

76,903

73,661

-113,989

-70,014

63,575

44,572

117,934

52,612

81,885

93,267

-8,804

-3,984

-94,894

-114,075

-133,626

-139,283

-170,647

-178,285

-153,719

-152,924

-151,938

-157,161

-185,257

-222,384

-269,948

-315,726

-364,683

-371,426

-352,296

-344,738

-293,186

-252,286

-262,449

-308,118

0

0

0

Gain (Loss) on Extinguishment of Debt

-31,371

-27,724

-7,388

-8,299

-10,463

-10,367

-14,030

-13,735

-14,886

-14,724

-4,142

-3,562

-1,704

-1,619

-1,620

-1,651

-238

-281

-695

-814

-24,357

-25,369

-29,862

-33,174

-24,829

-33,190

-59,239

-59,435

-49,061

-37,816

-7,742

-7,255

-3,434

101,466

111,875

185,136

0

0

0

Income (Loss) from Equity Method Investments

53,152

41,849

16,140

7,888

-3,030

-5,007

-5,244

-2,148

10,645

13,015

16,773

40,852

74,784

77,349

80,503

64,535

33,873

32,153

43,961

82,967

98,275

94,905

84,022

38,789

23,019

41,520

61,430

79,804

89,901

103,009

116,136

104,234

104,945

95,091

61,403

64,336

0

0

0

Selling profit from sales-type leases

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on consolidation of equity method investment

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss before income taxes

328,883

334,763

266,071

253,666

-59,605

-17,511

112,178

96,566

113,693

50,903

94,516

130,557

64,276

71,746

-16,011

-51,191

-99,991

-107,411

-127,381

-96,132

-79,801

-83,388

-105,151

-158,919

-194,440

-221,427

-267,757

-295,357

-323,843

-306,233

-243,902

-247,759

-191,675

-55,729

-89,171

-58,646

0

0

0

Income Tax Expense (Benefit)

473

438

752

805

719

815

-1,535

-2,950

-1,434

-948

667

-6,311

-9,145

-10,166

-6,017

-654

1,347

7,639

8,327

11,323

10,297

3,912

-1,903

-5,885

-5,241

-659

2,531

8,201

11,249

8,445

-7,911

-8,348

-14,500

-4,719

10,453

9,892

0

0

0

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

-

-

-

-

-

-

-

-

-

51,851

93,849

136,868

73,421

81,912

-9,994

-50,537

-101,338

-115,050

-135,708

-107,455

-90,098

-87,300

-103,248

-153,034

-189,199

-220,768

-270,288

-303,558

-335,092

-314,678

-235,991

-239,411

-177,175

-51,010

-99,624

-68,538

0

0

0

Income from discontinued operations

-

-

-

-

-

-

-

-

-

4,939

8,660

12,293

0

-

0

0

-

-

-

-

-

-

-

-

-

644

2,631

-2,158

-2,874

-17,481

-25,879

-19,428

-18,438

-5,514

1,593

11,257

0

0

0

Income from sales of residential property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

35,583

19,999

0

-

0

0

-

-

-

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

328,410

334,325

265,319

252,861

-60,324

-18,326

89,991

95,107

230,608

180,208

168,458

230,329

94,109

100,182

128,617

76,420

-3,143

-6,157

-28,086

1,447

17,629

15,765

-28,272

-82,353

-93,157

-111,233

-145,188

-190,904

-227,635

-241,430

-190,397

-180,752

-155,643

-25,693

-71,411

213,101

0

0

0

Net Income (Loss) Attributable to Noncontrolling Interest

10,503

10,283

10,472

9,655

16,312

13,936

11,708

9,520

5,721

4,526

2,410

1,603

4,718

4,876

6,370

6,631

-2,823

-3,722

-4,247

-3,953

-2,999

-704

1,418

1,997

1,361

718

-470

-1,303

-1,714

-1,500

-4,434

-4,770

-4,034

-3,629

300

1,846

0

0

0

Comprehensive (income) loss attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to iStar Inc.

317,907

324,042

254,847

243,206

-76,636

-32,262

78,283

85,587

224,887

175,682

166,048

228,726

89,391

95,306

122,247

69,789

-320

-2,435

-23,839

5,400

20,628

16,469

-29,690

-84,350

-94,518

-111,951

-144,718

-189,601

-225,921

-239,930

-185,963

-175,982

-151,609

-22,064

-71,711

211,255

0

0

0

Preferred dividends

30,245

32,495

32,495

32,495

32,495

32,495

32,496

55,346

60,052

64,758

69,464

51,320

51,320

51,320

51,320

51,320

51,320

51,320

51,320

51,320

51,320

51,320

51,320

51,320

51,270

49,020

46,770

44,520

42,320

42,320

42,320

42,320

42,320

42,320

42,320

42,320

0

0

0

Net income allocable to Participating Security holders(2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,080

2,314

1,474

989

1,129

2,624

4,386

4,710

5,202

6,228

7,648

8,773

9,253

10,660

10,232

9,330

1,997

164

-8,296

0

0

0

Net loss allocable to common shareholders

287,662

291,547

222,352

210,711

-109,131

-64,757

45,787

30,241

164,835

110,924

96,590

177,412

38,057

43,972

70,117

17,753

-51,309

-52,675

-72,845

-44,446

-29,703

-33,722

-78,386

-131,284

-141,078

-155,769

-185,260

-226,473

-259,468

-272,997

-217,623

-208,070

-184,599

-62,387

-113,867

160,639

0

0

0

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

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

194,819

206,388

216,885

231,884

221,308

208,192

195,046

183,743

186,136

187,684

181,623

180,617

183,590

191,180

191,929

200,828

207,005

211,207

216,896

221,888

226,703

229,672

242,979

242,515

238,660

234,567

231,382

224,184

221,183

216,291

239,372

224,665

208,196

195,872

157,234

161,885

0

0

0

Interest income
Revenues

74,495

77,654

83,471

86,685

91,556

97,878

98,227

100,754

104,187

106,548

112,421

119,237

124,992

129,153

132,340

133,681

133,010

134,687

130,789

128,288

129,686

122,704

123,570

116,707

111,262

108,015

107,172

114,108

120,874

133,410

144,889

159,569

203,306

226,871

271,014

311,632

0

0

0

Interest income from sales-type leases
Revenues

0

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income
Revenues

60,918

55,363

61,524

71,062

81,835

82,342

80,006

72,860

191,547

188,091

183,471

176,251

46,837

46,514

44,790

48,236

50,901

49,924

55,543

57,062

73,563

77,583

74,709

67,536

51,399

48,208

46,841

44,941

48,475

47,838

50,057

50,863

41,803

39,722

35,030

30,852

0

0

0

Land development
Revenues

187,072

119,595

116,737

74,128

145,980

409,710

387,822

401,475

453,258

196,879

192,673

198,265

93,443

88,340

145,503

128,250

106,905

100,216

32,373

21,362

19,306

15,191

11,920

8,630

4,143

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Cost of sales expense

172,273

109,663

103,085

67,098

141,223

350,181

333,910

349,308

388,413

180,916

177,054

171,546

66,342

62,007

95,385

84,067

72,057

67,382

25,650

17,727

16,086

12,840

10,028

7,265

3,654

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Real estate
Cost of sales expense

88,984

92,426

104,944

114,044

129,049

139,289

146,573

150,566

148,207

147,617

139,200

138,163

138,807

137,522

140,242

140,153

141,180

146,509

149,520

155,651

159,850

162,829

169,558

165,819

162,246

157,441

152,756

153,007

154,198

151,458

194,169

176,164

155,994

138,714

74,693

68,178

0

0

0

iPIP Plans
Allocated Share-based Compensation Expense

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-