$DEA
Easterly Government Properties Inc

2018 Q2 Form 10-Q Financial Statement

#000156459018019903 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $36.97M $30.60M
YoY Change 20.81% 22.8%
Cost Of Revenue $7.223M $5.837M
YoY Change 23.75% -21.33%
Gross Profit $29.75M $24.77M
YoY Change 20.12% 41.52%
Gross Profit Margin 80.46% 80.93%
Selling, General & Admin $3.620M $3.140M
YoY Change 15.29% 2.95%
% of Gross Profit 12.17% 12.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.60M $13.20M
YoY Change 10.61% 20.0%
% of Gross Profit 49.08% 53.3%
Operating Expenses $18.21M $16.41M
YoY Change 10.97% -25.03%
Operating Profit $7.194M $4.727M
YoY Change 52.19% 55.9%
Interest Expense -$5.475M -$3.714M
YoY Change 47.42% 86.17%
% of Operating Profit -76.11% -78.57%
Other Income/Expense, Net
YoY Change
Pretax Income $1.720M $1.200M
YoY Change 43.33% 15.38%
Income Tax
% Of Pretax Income
Net Earnings $1.440M $982.0K
YoY Change 46.64% 19.03%
Net Earnings / Revenue 3.89% 3.21%
Basic Earnings Per Share $0.02 $0.03
Diluted Earnings Per Share $0.02 $0.02
COMMON SHARES
Basic Shares Outstanding 47.53M 37.41M
Diluted Shares Outstanding 49.12M 39.85M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.5M $6.100M
YoY Change 2318.03% 64.86%
Cash & Equivalents $153.8M $9.664M
Short-Term Investments
Other Short-Term Assets $10.40M $3.100M
YoY Change 235.48% 55.0%
Inventory
Prepaid Expenses
Receivables $8.200M $6.700M
Other Receivables $14.10M $8.300M
Total Short-Term Assets $180.2M $24.20M
YoY Change 644.63% 48.47%
LONG-TERM ASSETS
Property, Plant & Equipment $1.254B $1.117B
YoY Change 12.3% 38.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.10M $5.000M
YoY Change 102.0% 28.21%
Total Long-Term Assets $1.419B $1.253B
YoY Change 13.23% 25.15%
TOTAL ASSETS
Total Short-Term Assets $180.2M $24.20M
Total Long-Term Assets $1.419B $1.253B
Total Assets $1.599B $1.278B
YoY Change 25.19% 25.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.30M $14.50M
YoY Change 74.48% 46.46%
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 $25.30M $14.50M
YoY Change 74.48% 46.46%
LONG-TERM LIABILITIES
Long-Term Debt $484.2M $545.6M
YoY Change -11.25% 94.51%
Other Long-Term Liabilities $33.90M $38.20M
YoY Change -11.26% -9.26%
Total Long-Term Liabilities $518.1M $583.8M
YoY Change -11.25% 80.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.30M $14.50M
Total Long-Term Liabilities $518.1M $583.8M
Total Liabilities $682.0M $712.5M
YoY Change -4.28% 47.33%
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 $917.4M $565.1M
YoY Change
Total Liabilities & Shareholders Equity $1.599B $1.278B
YoY Change 25.19% 25.53%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $1.440M $982.0K
YoY Change 46.64% 19.03%
Depreciation, Depletion And Amortization $14.60M $13.20M
YoY Change 10.61% 20.0%
Cash From Operating Activities $16.50M $13.80M
YoY Change 19.57% 24.32%
INVESTING ACTIVITIES
Capital Expenditures -$12.30M -$4.600M
YoY Change 167.39% 2200.0%
Acquisitions
YoY Change
Other Investing Activities -$20.30M -$205.5M
YoY Change -90.12% 115.18%
Cash From Investing Activities -$32.50M -$210.1M
YoY Change -84.53% 119.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 155.8M 198.7M
YoY Change -21.59% 136.83%
NET CHANGE
Cash From Operating Activities 16.50M 13.80M
Cash From Investing Activities -32.50M -210.1M
Cash From Financing Activities 155.8M 198.7M
Net Change In Cash 139.8M 2.400M
YoY Change 5725.0% -442.86%
FREE CASH FLOW
Cash From Operating Activities $16.50M $13.80M
Capital Expenditures -$12.30M -$4.600M
Free Cash Flow $28.80M $18.40M
YoY Change 56.52% 62.83%

Facts In Submission

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2165000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
917080000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
52583000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
107083000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
101536000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
90473000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
77685000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
487720000
CY2018Q2 dea Percent Of Consolidated Properties Occupied
PercentOfConsolidatedPropertiesOccupied
1.00
CY2018Q2 dea Number Of Tenants Occupied Leased Property
NumberOfTenantsOccupiedLeasedProperty
24
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
57100000
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
3100000

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