DUKE REALTY CORP (DRE) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues	1,105.9	993.2	973.8	947.9	780.9	730.5	792.2	1,046.9
Revenue growth	11.3%	2.0%	2.7%	21.4%	6.9%	-7.8%	-24.3%	8.1%
Cost of goods sold [+]	245.4	225.9	205.1	196.7	171.9	173.3	189.1	251.3
Real estate taxes and insurance	159.6	149.3	129.5	125.3	109.0	98.9	95.7
Real estate or leased property costs	85.8	76.6	75.6	71.4	62.9	74.3	93.4
Gross profit	860.6	767.3	768.7	751.2	609.0	557.3	603.0	795.6
Gross margin	77.8%	77.3%	78.9%	79.2%	78.0%	76.3%	76.1%	76.0%
Selling, general and administrative [+]	69.6	62.4	60.9	56.2	54.9	55.4	58.6	49.4
General and administrative	69.6	62.4	60.9	56.2	54.9	55.4	58.6	49.4
Equity in earnings	32.8	11.9	31.4	21.4	63.3	47.4	-3.3
Other operating expenses	-1,132.1	-199.2	-378.4	-278.8	1,131.5	-353.1	58.9	-223.0
EBITDA [+]	1,865.9	848.2	1,031.4	917.8	-608.4	867.8	493.5	913.2
EBITDA growth	120.0%	-17.8%	12.4%	-250.9%	-170.1%	75.8%	-46.0%	47.6%
EBITDA margin	168.7%	85.4%	105.9%	96.8%	-77.9%	118.8%	62.3%	87.2%
Depreciation	284.5	277.7	250.4	231.3	215.4	221.7	215.0	234.9
EBITA	1,581.3	570.6	781.0	686.6	-823.8	646.1	278.6	678.3
EBITA margin	143.0%	57.4%	80.2%	72.4%	-105.5%	88.4%	35.2%	64.8%
Amortization of intangibles	20.4	19.5	22.0	25.0	27.2	33.7	38.7	55.4
EBIT [+]	1,560.9	551.1	759.0	661.6	-851.0	612.4	239.9	622.9
EBIT growth	183.3%	-27.4%	14.7%	-177.7%	-239.0%	155.3%	-61.5%	88.6%
EBIT margin	141.1%	55.5%	77.9%	69.8%	-109.0%	83.8%	30.3%	59.5%
Non-recurring items [+]	585.7	133.2	234.2	201.2	-1,239.6	179.1	-172.3	211.8
Asset impairment		5.6			4.5	18.0	22.9	49.1
Loss (gain) on sale of assets		-0.1	-0.4	-3.8	-1,357.8	-1.0	-424.9
Loss (gain) on disposal of assets	585.7	127.7	234.7	205.0	113.7	162.1	229.7	162.7
Interest expense	84.8	93.4	89.8	85.0	87.0	112.8	138.3	196.2
Interest expense	84.8	93.4	89.8	85.0	87.0	112.8	138.3	196.2
Other income (expense), net [+]	-10.2	-26.9	5.9	16.8	-11.4	-22.7	-89.5	-0.1
Gain (loss) on debt retirement	-17.9	-32.9	-6.3	-0.4	-26.1	-33.9	-85.7	-0.3
Other	4.5	1.7	9.9	17.2	14.7	4.0	4.7	1.2
Pre-tax income	880.2	297.5	440.9	392.2	290.2	297.8	184.3	214.7
Income taxes	18.5	-5.1	8.7	8.8	-0.4	-0.6	-3.9	-0.8
Tax rate	2.1%		2.0%	2.3%
Minority interest	8.7	-2.8	-3.7	-3.5	-19.9	-3.1	-6.6	-2.9
Earnings from continuing ops	852.9	299.8	428.5	379.8	270.7	295.3	181.7	174.0
Earnings from discontinued ops		0.1	0.4	3.9	1,363.7	16.9	433.6	30.9
Net income	852.9	299.9	429.0	383.7	1,634.4	312.1	615.3	204.9
Net margin	77.1%	30.2%	44.1%	40.5%	209.3%	42.7%	77.7%	19.6%

Basic EPS [+]	$2.26	$0.81	$1.18	$1.06	$0.76	$0.84	$0.53	$0.52
Growth	178.7%	-31.5%	11.4%	39.6%	-9.8%	60.2%	1.6%	943.7%
Diluted EPS [+]	$2.22	$0.80	$1.17	$1.05	$0.75	$0.83	$0.52	$0.51
Growth	177.6%	-31.3%	11.6%	39.8%	-9.6%	60.3%	0.9%	944.0%

Dividends per share [+]	$1.05	$0.96	$0.88	$0.82	$0.77	$0.73	$0.69	$0.68
Growth	8.9%	9.1%	8.0%	5.8%	5.5%	5.8%	1.5%	-0.6%

Shares outstanding (basic) [+]	377.7	370.1	362.2	357.6	355.8	349.9	345.1	335.8
Growth	2.1%	2.2%	1.3%	0.5%	1.7%	1.4%	2.8%	4.2%
Shares outstanding (diluted) [+]	383.5	374.2	367.3	363.3	362.0	357.1	352.2	340.4
Growth	2.5%	1.9%	1.1%	0.4%	1.4%	1.4%	3.5%	4.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.