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AMERICAN REALTY CAPITAL - RETAIL CENTERS OF AMERICA, INC.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   10-K10-K10-K10-K10-K10-K
Revenues:  
    Rental income  81.021.55.41.0  
    Operating expense reimbursements  24.26.71.80.3  
Total revenues   [+]105.228.17.21.30.00.0
            Revenue growth   [+]274.2%292.5%465.6%   
Cost of goods sold   [+]40.28.82.30.30.00.0
Gross profit  65.019.34.81.00.00.0
            Gross margin  61.8%68.5%67.4%76.7%  
Selling, general and administrative   [+]8.72.60.50.20.3 
Other operating expenses  -13.7-0.7    
EBITDA   [+]69.817.34.40.7  
            EBITDA margin  66.3%61.7%60.9%57.3%  
Depreciation  20.26.93.10.7  
EBITA  49.610.51.20.1-0.30.0
            EBITA margin  47.2%37.3%17.4%5.5%  
Amortization of intangibles  29.57.22.10.5  
EBIT   [+]20.23.3-0.8-0.4-0.30.0
            EBIT margin  19.2%11.7%-11.7%-30.2%  
Non-recurring items   [+]14.212.11.01.0  
Interest expense  8.43.92.80.8  
Other income (expense), net  1.00.1-0.1   
Pre-tax income  -1.4-12.6-4.7-2.2-0.30.0
Income taxes  0.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0% 
Net income  -1.4-12.6-4.7-2.2-0.30.0
            Net margin  -1.3%-44.9%-65.7%-173.9%  
   
Basic EPS   [+]($0.01)($0.26)($1.46)($6.15)($14.90) 
Diluted EPS   [+]($0.01)($0.26)($1.46)($6.15)($14.90) 
   
Dividends per share   [+]$0.27$0.25$0.34$0.34  
   
Shares outstanding (basic)   [+]96.149.23.20.40.0 
Shares outstanding (diluted)   [+]96.149.23.20.40.0 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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