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Income Statement
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WEINGARTEN REALTY INVESTORS (WRI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]433.9486.6531.1573.2549.6512.8514.4489.2
            Revenue growth  -10.8%-8.4%-7.3%4.3%7.2%-0.3%5.2%8.4%
Cost of goods sold   [+]62.660.869.375.6327.7300.5156.1154.6
Gross profit  371.4425.8461.9497.5221.8212.4358.3334.6
            Gross margin  85.6%87.5%87.0%86.8%40.4%41.4%69.7%68.4%
Selling, general and administrative   [+]37.435.925.028.126.627.524.925.4
Equity in earnings  39.220.825.127.120.619.322.335.1
Other operating expenses  76.368.855.163.6-60.5 150.4 
EBITDA   [+]296.9341.9406.8433.0438.8350.1506.4502.0
            EBITDA margin  68.4%70.3%76.6%75.5%79.9%68.3%98.4%102.6%
Depreciation and amortization  149.9135.7161.8167.1162.5145.9301.0304.4
EBIT   [+]147.0206.2245.0265.9276.3204.1205.4197.6
            EBIT margin  33.9%42.4%46.1%46.4%50.3%39.8%39.9%40.4%
Non-recurring items   [+]24.20.110.115.30.10.21.02.6
Interest expense, net   [+]54.046.660.572.881.183.291.088.6
Other income (expense), net   [+]11.4143.3147.3145.867.90.84.219.6
Pre-tax income  80.2302.8321.7323.6263.0121.5117.6125.9
Income taxes  0.51.01.40.06.9-0.11.3-7.0
            Tax rate  0.6%0.3%0.4% 2.6% 1.1% 
Minority interest  6.87.117.715.437.96.919.644.9
Earnings from continuing ops  112.1315.4327.6335.3238.9160.8232.252.7
Earnings from discontinued ops        44.9131.4
Net income  112.1315.4327.6335.3238.9160.8277.2184.1
            Net margin  25.8%64.8%61.7%58.5%43.5%31.4%53.9%37.6%
   
Basic EPS   [+]$0.88$2.47$2.57$2.62$1.90$1.31$1.91$0.43
Diluted EPS   [+]$0.88$2.42$2.55$2.58$1.86$1.29$1.87$0.43
   
Dividends per share   [+]$1.30$1.58$2.98$2.29$1.47$1.42$1.64$1.37
   
Shares outstanding (basic)   [+]127.3127.8127.7127.8126.0123.0121.5121.3
Shares outstanding (diluted)   [+]128.2130.1128.4130.1128.6124.3124.4122.5
   
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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