$DEA
Easterly Government Properties, Inc.

2017 Q2 Form 10-Q Financial Statement

#000156459017016490 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $30.60M $24.92M
YoY Change 22.8% 29.42%
Cost Of Revenue $5.837M $7.420M
YoY Change -21.33% 39.74%
Gross Profit $24.77M $17.50M
YoY Change 41.52% 25.54%
Gross Profit Margin 80.93% 70.22%
Selling, General & Admin $3.140M $3.050M
YoY Change 2.95% 36.16%
% of Gross Profit 12.68% 17.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.20M $11.00M
YoY Change 20.0% 19.57%
% of Gross Profit 53.3% 62.86%
Operating Expenses $16.41M $21.89M
YoY Change -25.03% 28.99%
Operating Profit $4.727M $3.032M
YoY Change 55.9% 32.63%
Interest Expense -$3.714M -$1.995M
YoY Change 86.17% 51.02%
% of Operating Profit -78.57% -65.8%
Other Income/Expense, Net
YoY Change
Pretax Income $1.200M $1.040M
YoY Change 15.38% 7.22%
Income Tax
% Of Pretax Income
Net Earnings $982.0K $825.0K
YoY Change 19.03% 40.31%
Net Earnings / Revenue 3.21% 3.31%
Basic Earnings Per Share $0.03 $0.02
Diluted Earnings Per Share $0.02 $0.02
COMMON SHARES
Basic Shares Outstanding 37.41M 27.48M
Diluted Shares Outstanding 39.85M 29.27M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.100M $3.700M
YoY Change 64.86% 8.82%
Cash & Equivalents $9.664M $3.704M
Short-Term Investments
Other Short-Term Assets $3.100M $2.000M
YoY Change 55.0% 81.82%
Inventory
Prepaid Expenses
Receivables $6.700M $3.700M
Other Receivables $8.300M $6.900M
Total Short-Term Assets $24.20M $16.30M
YoY Change 48.47% 21.64%
LONG-TERM ASSETS
Property, Plant & Equipment $1.117B $808.2M
YoY Change 38.21% 22.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.000M $3.900M
YoY Change 28.21% -15.22%
Total Long-Term Assets $1.253B $1.002B
YoY Change 25.15% 30.09%
TOTAL ASSETS
Total Short-Term Assets $24.20M $16.30M
Total Long-Term Assets $1.253B $1.002B
Total Assets $1.278B $1.018B
YoY Change 25.53% 29.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.50M $9.900M
YoY Change 46.46% 98.0%
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 $14.50M $9.900M
YoY Change 46.46% 98.0%
LONG-TERM LIABILITIES
Long-Term Debt $545.6M $280.5M
YoY Change 94.51% 172.86%
Other Long-Term Liabilities $38.20M $42.10M
YoY Change -9.26% 2.68%
Total Long-Term Liabilities $583.8M $322.6M
YoY Change 80.97% 124.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.50M $9.900M
Total Long-Term Liabilities $583.8M $322.6M
Total Liabilities $712.5M $483.6M
YoY Change 47.33% 225.07%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $565.1M $534.2M
YoY Change
Total Liabilities & Shareholders Equity $1.278B $1.018B
YoY Change 25.53% 29.95%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $982.0K $825.0K
YoY Change 19.03% 40.31%
Depreciation, Depletion And Amortization $13.20M $11.00M
YoY Change 20.0% 19.57%
Cash From Operating Activities $13.80M $11.10M
YoY Change 24.32% 32.14%
INVESTING ACTIVITIES
Capital Expenditures -$4.600M -$200.0K
YoY Change 2200.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities -$205.5M -$95.50M
YoY Change 115.18% 577.3%
Cash From Investing Activities -$210.1M -$95.70M
YoY Change 119.54% 573.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 198.7M 83.90M
YoY Change 136.83% -3207.41%
NET CHANGE
Cash From Operating Activities 13.80M 11.10M
Cash From Investing Activities -210.1M -95.70M
Cash From Financing Activities 198.7M 83.90M
Net Change In Cash 2.400M -700.0K
YoY Change -442.86% -91.76%
FREE CASH FLOW
Cash From Operating Activities $13.80M $11.10M
Capital Expenditures -$4.600M -$200.0K
Free Cash Flow $18.40M $11.30M
YoY Change 62.83% 32.94%

Facts In Submission

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799000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
674000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1857000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1323000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
755816000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
48206000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
88620000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
84550000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
77864000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
68385000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
388191000
CY2017Q2 dea Percent Of Consolidated Properties Occupied
PercentOfConsolidatedPropertiesOccupied
1.00
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
48400000
CY2017Q2 dea Number Of Tenants Occupied Leased Property
NumberOfTenantsOccupiedLeasedProperty
24
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
500000

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