$DEA
Easterly Government Properties Inc

2015 Q2 Form 10-Q Financial Statement

#000156459015006505 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $19.26M $1.626M
YoY Change 1084.26%
Cost Of Revenue $5.310M
YoY Change
Gross Profit $13.94M
YoY Change
Gross Profit Margin 72.39%
Selling, General & Admin $2.240M $650.0K
YoY Change 244.62%
% of Gross Profit 16.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.200M
YoY Change
% of Gross Profit 66.0%
Operating Expenses $16.97M $653.0K
YoY Change 2498.77%
Operating Profit $2.286M $973.0K
YoY Change 134.94%
Interest Expense -$1.321M $54.70M
YoY Change -102.41%
% of Operating Profit -57.79% 5621.79%
Other Income/Expense, Net
YoY Change
Pretax Income $970.0K $40.71M
YoY Change -97.62%
Income Tax
% Of Pretax Income
Net Earnings $588.0K -$7.875M
YoY Change -107.47%
Net Earnings / Revenue 3.05% -484.32%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.02 -$352.3K
COMMON SHARES
Basic Shares Outstanding 24.14M
Diluted Shares Outstanding 25.44M

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.400M $1.100M
YoY Change 209.09%
Cash & Equivalents $3.409M $1.100M
Short-Term Investments
Other Short-Term Assets $1.100M
YoY Change
Inventory
Prepaid Expenses
Receivables $2.800M
Other Receivables $6.100M
Total Short-Term Assets $13.40M $1.100M
YoY Change 1118.18%
LONG-TERM ASSETS
Property, Plant & Equipment $658.0M $248.8M
YoY Change 164.47%
Goodwill
YoY Change
Intangibles $107.3M
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.600M
YoY Change
Total Long-Term Assets $769.8M $249.2M
YoY Change 208.92%
TOTAL ASSETS
Total Short-Term Assets $13.40M $1.100M
Total Long-Term Assets $769.8M $249.2M
Total Assets $783.2M $250.3M
YoY Change 212.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.000M $400.0K
YoY Change 1150.0%
Accrued Expenses
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 $5.000M $400.0K
YoY Change 1150.0%
LONG-TERM LIABILITIES
Long-Term Debt $102.8M $0.00
YoY Change
Other Long-Term Liabilities $41.00M
YoY Change
Total Long-Term Liabilities $143.8M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.000M $400.0K
Total Long-Term Liabilities $143.8M $0.00
Total Liabilities $148.8M $245.5M
YoY Change -39.4%
SHAREHOLDERS EQUITY
Retained Earnings -$2.297M
YoY Change
Common Stock $392.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $387.2M $4.700M
YoY Change
Total Liabilities & Shareholders Equity $783.2M $250.3M
YoY Change 212.92%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $588.0K -$7.875M
YoY Change -107.47%
Depreciation, Depletion And Amortization $9.200M
YoY Change
Cash From Operating Activities $8.400M $1.000M
YoY Change 740.0% -110.64%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$14.10M
YoY Change
Cash From Investing Activities -$14.20M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.700M -2.000M
YoY Change 35.0% -118.52%
NET CHANGE
Cash From Operating Activities 8.400M 1.000M
Cash From Investing Activities -14.20M
Cash From Financing Activities -2.700M -2.000M
Net Change In Cash -8.500M -1.000M
YoY Change 750.0% -171.43%
FREE CASH FLOW
Cash From Operating Activities $8.400M $1.000M
Capital Expenditures -$100.0K
Free Cash Flow $8.500M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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RestrictedCashAndCashEquivalents
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CY2015Q2 dea Intangible Liabilities
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41015000
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18673374
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
420679000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
26299000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
51732000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
52133000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
50362000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
45256000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
194897000
CY2015Q2 dea Percent Of Consolidated Properties Occupied
PercentOfConsolidatedPropertiesOccupied
1.00
CY2015Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
16300000
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
24900000
CY2015Q3 dea Number Of Tenants Occupied Leased Property
NumberOfTenantsOccupiedLeasedProperty
17
CY2015Q2 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
100000
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
100000
CY2015Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1300000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1976000
dea Tax Protection Agreement Period
TaxProtectionAgreementPeriod
P8Y

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