$DEA
Easterly Government Properties Inc

2022 Q3 Form 10-Q Financial Statement

#000156459022027461 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $75.04M $72.76M $71.64M
YoY Change 7.81% 6.04% 9.87%
Cost Of Revenue $17.80M $15.55M $23.08M
YoY Change -21.97% 8.78% 9.43%
Gross Profit $57.24M $57.21M $48.56M
YoY Change 22.32% 5.32% 10.06%
Gross Profit Margin 76.28% 78.63% 67.78%
Selling, General & Admin $5.870M $5.966M $6.053M
YoY Change -0.39% 3.43% 19.39%
% of Gross Profit 10.26% 10.43% 12.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.05M $24.34M $23.65M
YoY Change 10.04% 7.95% 2.39%
% of Gross Profit 43.76% 42.55% 48.71%
Operating Expenses $30.92M $30.31M $29.70M
YoY Change 7.89% 7.13% 5.56%
Operating Profit $26.32M $26.90M $18.85M
YoY Change 45.12% 3.35% 17.98%
Interest Expense -$12.41M -$11.44M -$10.62M
YoY Change 32.66% 23.46% 18.68%
% of Operating Profit -47.14% -42.53% -56.34%
Other Income/Expense, Net
YoY Change
Pretax Income $749.0K $8.130M $7.781M
YoY Change -91.72% -12.15% 195.86%
Income Tax
% Of Pretax Income
Net Earnings $642.0K $7.197M $6.889M
YoY Change -91.95% -12.24% 195.67%
Net Earnings / Revenue 0.86% 9.89% 9.62%
Basic Earnings Per Share $0.01 $0.08
Diluted Earnings Per Share $0.01 $0.08 $79.04K
COMMON SHARES
Basic Shares Outstanding 90.82M 90.75M
Diluted Shares Outstanding 91.12M 91.08M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.03M $8.259M $11.13M
YoY Change -31.34% 2.48% 30.96%
Cash & Equivalents $11.03M $8.259M $11.13M
Short-Term Investments
Other Short-Term Assets $1.400M $1.500M $1.600M
YoY Change -95.92% -95.67% 300.0%
Inventory
Prepaid Expenses
Receivables $60.25M $57.12M $58.73M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $105.0M $98.84M $99.77M
YoY Change 1.81% 8.07% 29.73%
LONG-TERM ASSETS
Property, Plant & Equipment $2.464B $2.464B $2.399B
YoY Change 7.73% 7.88% 8.62%
Goodwill
YoY Change
Intangibles $178.3M $183.1M $186.3M
YoY Change 13.59% 14.03%
Long-Term Investments $199.3M $182.3M $131.8M
YoY Change
Other Assets $10.46M $9.785M $9.011M
YoY Change 36.22% 47.83% 25.15%
Total Long-Term Assets $2.857B $2.842B $2.726B
YoY Change 16.46% 15.91% 14.52%
TOTAL ASSETS
Total Short-Term Assets $105.0M $98.84M $99.77M
Total Long-Term Assets $2.857B $2.842B $2.726B
Total Assets $2.962B $2.941B $2.826B
YoY Change 15.87% 15.63% 15.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.67M $56.24M $60.89M
YoY Change 15.14% 7.93% 25.55%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.67M $56.24M $60.89M
YoY Change 15.14% 7.93% 25.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.371B $1.337B $1.211B
YoY Change 35.94% 29.21% 23.8%
Other Long-Term Liabilities $104.6M $106.0M $112.6M
YoY Change -11.52% -13.33% -13.95%
Total Long-Term Liabilities $1.475B $1.443B $1.324B
YoY Change 30.95% 24.71% 19.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.67M $56.24M $60.89M
Total Long-Term Liabilities $1.475B $1.443B $1.324B
Total Liabilities $1.543B $1.499B $1.385B
YoY Change 14.87% 23.99% 19.61%
SHAREHOLDERS EQUITY
Retained Earnings $77.20M $76.56M $62.02M
YoY Change 62.35% 94.03%
Common Stock $1.624B $1.622B $1.606B
YoY Change 10.15% 12.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.253B $1.273B $1.283B
YoY Change
Total Liabilities & Shareholders Equity $2.962B $2.941B $2.826B
YoY Change 15.87% 15.63% 15.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $642.0K $7.197M $6.889M
YoY Change -91.95% -12.24% 195.67%
Depreciation, Depletion And Amortization $25.05M $24.34M $23.65M
YoY Change 10.04% 7.95% 2.39%
Cash From Operating Activities $39.43M $40.24M $23.88M
YoY Change 4.47% 31.01% -34.74%
INVESTING ACTIVITIES
Capital Expenditures -$9.092M -$9.600M -$4.788M
YoY Change 72.95% 92.35% -51.14%
Acquisitions
YoY Change
Other Investing Activities -$33.19M -$109.0M -$230.8M
YoY Change 80.47% 307.95% 132.9%
Cash From Investing Activities -$42.29M -$118.6M -$235.6M
YoY Change 78.79% 274.0% 116.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.306M 79.03M 208.1M
YoY Change -225.57% 3068.85% 184.68%
NET CHANGE
Cash From Operating Activities 39.43M 40.24M 23.88M
Cash From Investing Activities -42.29M -118.6M -235.6M
Cash From Financing Activities 6.306M 79.03M 208.1M
Net Change In Cash 3.450M 706.0K -3.605M
YoY Change -61.96% -53.21% -550.62%
FREE CASH FLOW
Cash From Operating Activities $39.43M $40.24M $23.88M
Capital Expenditures -$9.092M -$9.600M -$4.788M
Free Cash Flow $48.52M $49.84M $28.67M
YoY Change 12.84% 39.58% -38.2%

Facts In Submission

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us-gaap Prior Period Reclassification Adjustment Description
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<p style="margin-top:18pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior year amounts have been reclassified to conform to the current year presentation.</p>
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