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PHILLIPS EDISON GROCERY CENTER REIT II, INC.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K
Revenues:  
    Rental income  119.495.944.56.4 
    Tenant recovery income  42.333.315.52.0 
    Other  0.90.60.40.0 
Total revenues   [+]162.6129.860.48.40.0
            Revenue growth   [+]25.3%114.8%615.4%  
Cost of goods sold   [+]52.442.420.30.00.0
Gross profit  110.287.440.18.40.0
            Gross margin  67.8%67.3%66.3%100.0% 
Selling, general and administrative   [+]19.418.13.71.60.1
Other operating expenses   -3.3 8.1 
EBITDA   [+]89.571.335.4-1.3 
            EBITDA margin  55.1%54.9%58.6%-15.0% 
Depreciation  55.744.219.42.2 
EBITA  33.927.116.1-3.5-0.1
            EBITA margin  20.8%20.9%26.6%-41.5% 
Amortization of intangibles  14.311.15.51.2 
EBIT   [+]19.616.110.5-4.7-0.1
            EBIT margin  12.1%12.4%17.5%-56.2% 
Non-recurring items   [+]6.510.813.7  
Interest expense  22.511.04.01.2 
Other income (expense), net   [+]-0.10.20.40.1 
Pre-tax income  -9.5-5.5-6.7-5.8-0.1
Income taxes  0.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%
Net income  -9.5-5.5-6.7-5.8-0.1
            Net margin  -5.9%-4.2%-11.1%-69.1% 
   
Basic EPS   [+]($0.20)($0.12)($0.18)($0.57)($16.11)
Diluted EPS   [+]($0.20)($0.12)($0.18)($0.57)($16.11)
   
Dividends per share   [+]$0.84$0.80$0.72$0.63 
   
Shares outstanding (basic)   [+]46.546.236.510.30.0
Shares outstanding (diluted)   [+]46.546.236.510.30.0
   
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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