$DEA
Easterly Government Properties Inc

2024 Q2 Form 10-Q Financial Statement

#000095017024050565 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $76.22M $72.80M
YoY Change 6.79% 2.22%
Cost Of Revenue $18.12M $24.82M
YoY Change 2.77% 38.76%
Gross Profit $58.10M $47.98M
YoY Change 8.11% -10.04%
Gross Profit Margin 76.23% 65.91%
Selling, General & Admin $7.128M $6.455M
YoY Change 1.48% -11.51%
% of Gross Profit 12.27% 13.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.09M $23.80M
YoY Change 6.49% 3.12%
% of Gross Profit 41.45% 49.61%
Operating Expenses $31.21M $30.25M
YoY Change 5.3% -0.4%
Operating Profit $26.89M $17.72M
YoY Change 11.57% -22.79%
Interest Expense -$15.17M -$12.42M
YoY Change 29.86% 3.38%
% of Operating Profit -56.4% -70.08%
Other Income/Expense, Net
YoY Change
Pretax Income $4.850M $4.884M
YoY Change -16.06% 10.65%
Income Tax
% Of Pretax Income
Net Earnings $4.611M $4.478M
YoY Change -9.64% 15.09%
Net Earnings / Revenue 6.05% 6.15%
Basic Earnings Per Share $0.04 $0.04
Diluted Earnings Per Share $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding 103.0M 102.4M
Diluted Shares Outstanding 103.2M 102.2M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.81M $43.55M
YoY Change 50.92% 391.92%
Cash & Equivalents $14.81M $43.55M
Short-Term Investments
Other Short-Term Assets $2.600M $44.69M
YoY Change -21.21% 1214.53%
Inventory
Prepaid Expenses
Receivables $71.27M $73.09M
Other Receivables $0.00 $0.00
Total Short-Term Assets $133.2M $161.3M
YoY Change 25.65% 52.67%
LONG-TERM ASSETS
Property, Plant & Equipment $2.420B $2.340B
YoY Change 6.6% 2.76%
Goodwill
YoY Change
Intangibles $147.5M $143.0M
YoY Change 1.15% -5.48%
Long-Term Investments $280.1M $282.9M
YoY Change 4.28% 4.43%
Other Assets $12.43M $12.56M
YoY Change 3.8% 8.05%
Total Long-Term Assets $2.863B $2.781B
YoY Change 5.95% 2.5%
TOTAL ASSETS
Total Short-Term Assets $133.2M $161.3M
Total Long-Term Assets $2.863B $2.781B
Total Assets $2.996B $2.943B
YoY Change 6.7% 4.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $103.6M $92.84M
YoY Change 60.91% 47.77%
Accrued Expenses $2.600M $2.800M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $106.2M $95.64M
YoY Change 64.95% 52.23%
LONG-TERM LIABILITIES
Long-Term Debt $1.401B $1.359B
YoY Change 14.72% 11.51%
Other Long-Term Liabilities $116.5M $100.3M
YoY Change 16.09% 2.67%
Total Long-Term Liabilities $1.517B $1.459B
YoY Change 14.82% 10.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $106.2M $95.64M
Total Long-Term Liabilities $1.517B $1.459B
Total Liabilities $1.624B $1.624B
YoY Change 17.15% 17.76%
SHAREHOLDERS EQUITY
Retained Earnings $121.5M $116.9M
YoY Change 18.58% 20.06%
Common Stock $1.812B $1.802B
YoY Change 8.2% 7.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.305B $1.319B
YoY Change
Total Liabilities & Shareholders Equity $2.996B $2.943B
YoY Change 6.7% 4.38%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $4.611M $4.478M
YoY Change -9.64% 15.09%
Depreciation, Depletion And Amortization $24.09M $23.80M
YoY Change 6.49% 3.12%
Cash From Operating Activities $57.02M $23.89M
YoY Change 52.34% 10.48%
INVESTING ACTIVITIES
Capital Expenditures $41.75M $20.85M
YoY Change 302.43% 94.87%
Acquisitions
YoY Change
Other Investing Activities -$59.63M -$4.052M
YoY Change 350682.35% -3367.74%
Cash From Investing Activities -$101.4M -$24.90M
YoY Change 875.66% 135.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.50M 35.18M
YoY Change -160.26% -548.09%
NET CHANGE
Cash From Operating Activities 57.02M 23.89M
Cash From Investing Activities -101.4M -24.90M
Cash From Financing Activities 15.50M 35.18M
Net Change In Cash -28.86M 34.16M
YoY Change -2298.25% 967.93%
FREE CASH FLOW
Cash From Operating Activities $57.02M $23.89M
Capital Expenditures $41.75M $20.85M
Free Cash Flow $15.27M $3.040M
YoY Change -43.56% -72.17%

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