2012 Q2 Form 10-Q Financial Statement

#000144483812000067 Filed on August 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $78.96M $77.47M
YoY Change 1.92% 1.36%
Cost Of Revenue $13.80M $14.30M
YoY Change -3.5% -9.49%
Gross Profit $66.70M $62.90M
YoY Change 6.04% -2.02%
Gross Profit Margin 84.47% 81.19%
Selling, General & Admin $6.200M $5.500M
YoY Change 12.73% 12.24%
% of Gross Profit 9.3% 8.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.20M $39.90M
YoY Change -6.77% 3.64%
% of Gross Profit 55.77% 63.43%
Operating Expenses $43.40M $45.50M
YoY Change -4.62% 4.84%
Operating Profit $23.30M $17.40M
YoY Change 33.91% -16.35%
Interest Expense $23.47M $26.88M
YoY Change -12.7% -11.22%
% of Operating Profit 100.73% 154.5%
Other Income/Expense, Net $1.626M $2.832M
YoY Change -42.58% 0.46%
Pretax Income -$1.306M -$36.70M
YoY Change -96.44% 136.75%
Income Tax $324.0K $220.0K
% Of Pretax Income
Net Earnings -$3.392M -$50.54M
YoY Change -93.29% 66.36%
Net Earnings / Revenue -4.3% -65.23%
Basic Earnings Per Share -$0.02 -$0.33
Diluted Earnings Per Share -$0.02 -$0.33
COMMON SHARES
Basic Shares Outstanding 155.7M shares
Diluted Shares Outstanding 154.8M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.20M $64.10M
YoY Change -21.68% -37.16%
Cash & Equivalents $50.19M $64.15M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $7.000M $15.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $57.20M $79.20M
YoY Change -27.78% -36.39%
LONG-TERM ASSETS
Property, Plant & Equipment $2.688B $2.797B
YoY Change -3.91% -8.84%
Goodwill
YoY Change
Intangibles $163.7M $192.1M
YoY Change -14.77%
Long-Term Investments $96.80M $100.7M
YoY Change -3.87% 59.08%
Other Assets $78.00M $88.50M
YoY Change -11.86% -31.29%
Total Long-Term Assets $2.961B $3.160B
YoY Change -6.32% -6.73%
TOTAL ASSETS
Total Short-Term Assets $57.20M $79.20M
Total Long-Term Assets $2.961B $3.160B
Total Assets $3.018B $3.240B
YoY Change -6.84% -7.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.60M $54.40M
YoY Change 9.56% 47.43%
Accrued Expenses $11.90M $12.20M
YoY Change -2.46% -10.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $95.50M $90.90M
YoY Change 5.06% 6.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.740B $1.711B
YoY Change 1.67% -15.16%
Other Long-Term Liabilities $102.4M $108.3M
YoY Change -5.45% -11.59%
Total Long-Term Liabilities $1.842B $1.819B
YoY Change 1.24% -14.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.50M $90.90M
Total Long-Term Liabilities $1.842B $1.819B
Total Liabilities $1.937B $1.910B
YoY Change 1.42% -17.06%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $16.00K $16.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.052B $1.269B
YoY Change
Total Liabilities & Shareholders Equity $3.018B $3.240B
YoY Change -6.84% -7.78%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$3.392M -$50.54M
YoY Change -93.29% 66.36%
Depreciation, Depletion And Amortization $37.20M $39.90M
YoY Change -6.77% 3.64%
Cash From Operating Activities $37.10M $40.00M
YoY Change -7.25% 22.32%
INVESTING ACTIVITIES
Capital Expenditures -$62.30M -$56.20M
YoY Change 10.85% 467.68%
Acquisitions
YoY Change
Other Investing Activities $68.70M -$41.20M
YoY Change -266.75% 3645.45%
Cash From Investing Activities $6.300M -$97.40M
YoY Change -106.47% 777.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.10M 44.60M
YoY Change -196.64% 316.82%
NET CHANGE
Cash From Operating Activities 37.10M 40.00M
Cash From Investing Activities 6.300M -97.40M
Cash From Financing Activities -43.10M 44.60M
Net Change In Cash 300.0K -12.80M
YoY Change -102.34% -139.63%
FREE CASH FLOW
Cash From Operating Activities $37.10M $40.00M
Capital Expenditures -$62.30M -$56.20M
Free Cash Flow $99.40M $96.20M
YoY Change 3.33% 125.82%

Facts In Submission

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CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
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144000 USD
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CY2012Q2 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
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us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
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us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
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CY2012Q2 us-gaap Preferred Stock Shares Authorized
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us-gaap Proceeds From Bank Debt
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ProceedsFromNotesPayable
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us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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us-gaap Stock Issued During Period Value Conversion Of Units
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us-gaap Stock Option Plan Expense
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StockOptionPlanExpense
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CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q2 us-gaap Stockholders Equity
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TenantReimbursements
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TenantReimbursements
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us-gaap Tenant Reimbursements
TenantReimbursements
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CY2011Q4 us-gaap Unsecured Debt
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CY2012Q2 lxp Additional Contingent Loan For Tenant Improvments
AdditionalContingentLoanForTenantImprovments
12199000 USD
lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
6361000 USD
lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
96703000 USD
CY2012Q2 lxp Discontinued Operation Asset Impairment Charges
DiscontinuedOperationAssetImpairmentCharges
1781000 USD
lxp Discontinued Operation Asset Impairment Charges
DiscontinuedOperationAssetImpairmentCharges
4342000 USD
CY2011Q2 lxp Discontinued Operation Asset Impairment Charges
DiscontinuedOperationAssetImpairmentCharges
28751000 USD
lxp Discontinued Operation Asset Impairment Charges
DiscontinuedOperationAssetImpairmentCharges
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CY2011Q2 lxp Discontinued Operations Gain Loss On Debt Extinguishment Net
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CY2012Q2 lxp Discontinued Operations Gain Loss On Debt Extinguishment Net
DiscontinuedOperationsGainLossOnDebtExtinguishmentNet
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lxp Discontinued Operations Gain Loss On Debt Extinguishment Net
DiscontinuedOperationsGainLossOnDebtExtinguishmentNet
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lxp Discontinued Operations Gain Loss On Debt Extinguishment Net
DiscontinuedOperationsGainLossOnDebtExtinguishmentNet
1728000 USD
lxp Distributions In Excess Of Basis Nonconsolidated Entities
DistributionsInExcessOfBasisNonconsolidatedEntities
140000 USD
lxp Distributions In Excess Of Basis Nonconsolidated Entities
DistributionsInExcessOfBasisNonconsolidatedEntities
0 USD
lxp Distributions To Noncontrolling Interests
DistributionsToNoncontrollingInterests
3230000 USD
lxp Distributions To Noncontrolling Interests
DistributionsToNoncontrollingInterests
33534000 USD
CY2012Q2 lxp Dividends Attributable To Nonvested Common Shares
DividendsAttributableToNonvestedCommonShares
139000 USD
CY2011Q2 lxp Dividends Attributable To Nonvested Common Shares
DividendsAttributableToNonvestedCommonShares
76000 USD
lxp Dividends Attributable To Nonvested Common Shares
DividendsAttributableToNonvestedCommonShares
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lxp Dividends Attributable To Nonvested Common Shares
DividendsAttributableToNonvestedCommonShares
155000 USD
lxp Expected Amount Of Derivative Related Interest To Be Reclassified To Interest Expense Over Next12 Months
ExpectedAmountOfDerivativeRelatedInterestToBeReclassifiedToInterestExpenseOverNext12Months
1390000 USD
lxp Fee For Extending Mortgage Loan Receivable By One Year Percent
FeeForExtendingMortgageLoanReceivableByOneYearPercent
0.0050
CY2012Q2 lxp Finite Lived Intangible Asset Acquired Customer Relationships
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998000 USD
lxp Forward Equity Commitment Receipts Payments
ForwardEquityCommitmentReceiptsPayments
857000 USD
lxp Forward Equity Commitment Receipts Payments
ForwardEquityCommitmentReceiptsPayments
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CY2006Q2 lxp Guarantee Obligation Penalty Interest Rate Per Annum
GuaranteeObligationPenaltyInterestRatePerAnnum
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lxp Income Loss From Continuing Operations Attibutable To Common Shareholders
IncomeLossFromContinuingOperationsAttibutableToCommonShareholders
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CY2011Q2 lxp Income Loss From Continuing Operations Attibutable To Common Shareholders
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CY2012Q2 lxp Income Loss From Continuing Operations Attibutable To Common Shareholders
IncomeLossFromContinuingOperationsAttibutableToCommonShareholders
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lxp Income Loss From Continuing Operations Attibutable To Common Shareholders
IncomeLossFromContinuingOperationsAttibutableToCommonShareholders
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CY2012Q2 lxp Income Loss From Discontinued Operations Net Of Tax Attibutable To Common Shareholders
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lxp Income Loss From Discontinued Operations Net Of Tax Attibutable To Common Shareholders
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lxp Income Loss From Discontinued Operations Net Of Tax Attibutable To Common Shareholders
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CY2011Q2 lxp Income Loss From Discontinued Operations Net Of Tax Attibutable To Common Shareholders
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CY2011Q4 lxp Lease Termination Payment
LeaseTerminationPayment
19910000 USD
lxp Number Of Classes Of Financing Receivable
NumberOfClassesOfFinancingReceivable
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0 tenants
lxp Number Of Tenants Representing More Than10 Percent Of Rental Revenue
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0 tenants
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lxp Operating Leases Minimum Payments Receivable Over Term Average Amount
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3968000 USD
lxp Partners Capital Account Shares Issued For Units Redeemed
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lxp Partners Capital Account Shares Issued For Units Redeemed
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193814 shares
lxp Partners Capital Equivalent In Common Shares
PartnersCapitalEquivalentInCommonShares
1.13 shares
CY2010Q2 lxp Percent Of Notes Required To Be Repurchased At Option Of Holders On Set Dates
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1
lxp Principal Amortization Payments
PrincipalAmortizationPayments
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lxp Principal Amortization Payments
PrincipalAmortizationPayments
19588000 USD
lxp Principal Payments On Debt Excluding Normal Amortization
PrincipalPaymentsOnDebtExcludingNormalAmortization
61266000 USD
lxp Principal Payments On Debt Excluding Normal Amortization
PrincipalPaymentsOnDebtExcludingNormalAmortization
139283000 USD
CY2011Q1 lxp Proceeds From Prepayments Of Mortgage Notes Receivable
ProceedsFromPrepaymentsOfMortgageNotesReceivable
7500000 USD
lxp Proceeds From Sale Of Interest In Non Consolidated Entity
ProceedsFromSaleOfInterestInNonConsolidatedEntity
7000000 USD
lxp Proceeds From Sale Of Interest In Non Consolidated Entity
ProceedsFromSaleOfInterestInNonConsolidatedEntity
0 USD
CY2012Q2 lxp Real Estate At Cost
RealEstateAtCost
3160236000 USD
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RealEstateAtCost
3172246000 USD
lxp Repurchase Of Exchangeable Notes
RepurchaseOfExchangeableNotes
0 USD
lxp Repurchase Of Exchangeable Notes
RepurchaseOfExchangeableNotes
62150000 USD
lxp Repurchase Of Preferred Shares
RepurchaseOfPreferredShares
70000000 USD
lxp Repurchase Of Preferred Shares
RepurchaseOfPreferredShares
657000 USD
lxp Share Based Compensation Expense Relating To Scheduled Vesting And Issuance Of Common Share Grants
ShareBasedCompensationExpenseRelatingToScheduledVestingAndIssuanceOfCommonShareGrants
1020000 USD
lxp Share Based Compensation Expense Relating To Scheduled Vesting And Issuance Of Common Share Grants
ShareBasedCompensationExpenseRelatingToScheduledVestingAndIssuanceOfCommonShareGrants
1510000 USD
CY2012Q2 lxp Weighted Average Number Of Shares Outstanding Basic And Diluted1
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted1
154558380 shares
lxp Weighted Average Number Of Shares Outstanding Basic And Diluted1
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted1
148866015 shares
CY2011Q2 lxp Weighted Average Number Of Shares Outstanding Basic And Diluted1
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted1
151526956 shares
lxp Weighted Average Number Of Shares Outstanding Basic And Diluted1
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted1
154353707 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000910108
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
1413351463 USD
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
155985992 shares
dei Entity Registrant Name
EntityRegistrantName
LEXINGTON REALTY TRUST
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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