$OPI
OFFICE PROPERTIES INCOME TRUST

2012 Q2 Form 10-Q Financial Statement

#000110465912054086 Filed on August 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $48.58M $41.45M
YoY Change 17.21% 60.04%
Cost Of Revenue $14.30M $11.90M
YoY Change 20.17% 77.61%
Gross Profit $32.40M $30.20M
YoY Change 7.28% 57.29%
Gross Profit Margin 66.69% 72.86%
Selling, General & Admin $6.000M $6.100M
YoY Change -1.64% 79.41%
% of Gross Profit 18.52% 20.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.10M $8.900M
YoY Change 92.13% 67.92%
% of Gross Profit 52.78% 29.47%
Operating Expenses $17.30M $15.20M
YoY Change 13.82% 72.73%
Operating Profit $15.96M $14.00M
YoY Change 14.04% 34.6%
Interest Expense $4.096M $3.076M
YoY Change 33.16% -280.94%
% of Operating Profit 25.66% 21.97%
Other Income/Expense, Net
YoY Change
Pretax Income $11.95M $10.99M
YoY Change 8.76% 40.87%
Income Tax $44.00K $56.00K
% Of Pretax Income 0.37% 0.51%
Net Earnings $12.00M $10.90M
YoY Change 10.09% 41.56%
Net Earnings / Revenue 24.7% 26.3%
Basic Earnings Per Share $0.25 $0.27
Diluted Earnings Per Share $1.008M $1.079M
COMMON SHARES
Basic Shares Outstanding 47.10M shares 40.51M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.400M $1.100M
YoY Change 27.27% 10.0%
Cash & Equivalents $1.394M $1.100M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $27.10M $21.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $28.50M $22.30M
YoY Change 27.8% 37.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.322B $1.117B
YoY Change 18.41% 69.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.10M $5.500M
YoY Change 156.36% -23.61%
Total Long-Term Assets $1.354B $1.140B
YoY Change 18.76% 70.18%
TOTAL ASSETS
Total Short-Term Assets $28.50M $22.30M
Total Long-Term Assets $1.354B $1.140B
Total Assets $1.383B $1.163B
YoY Change 18.93% 69.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.70M $17.90M
YoY Change 10.06% 120.99%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $94.30M $45.90M
YoY Change 105.45% 27.86%
Long-Term Debt Due $350.0M
YoY Change
Total Short-Term Liabilities $466.9M $66.90M
YoY Change 597.91% 48.34%
LONG-TERM LIABILITIES
Long-Term Debt $27.00M $338.0M
YoY Change -92.01% 312.2%
Other Long-Term Liabilities $10.70M $12.60M
YoY Change -15.08% 117.24%
Total Long-Term Liabilities $37.70M $350.6M
YoY Change -89.25% 299.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $466.9M $66.90M
Total Long-Term Liabilities $37.70M $350.6M
Total Liabilities $504.5M $417.5M
YoY Change 20.84% 214.15%
SHAREHOLDERS EQUITY
Retained Earnings $112.3M
YoY Change
Common Stock $937.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $878.3M $745.3M
YoY Change
Total Liabilities & Shareholders Equity $1.383B $1.163B
YoY Change 18.93% 69.42%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $12.00M $10.90M
YoY Change 10.09% 41.56%
Depreciation, Depletion And Amortization $17.10M $8.900M
YoY Change 92.13% 67.92%
Cash From Operating Activities $23.30M $22.30M
YoY Change 4.48% 5.69%
INVESTING ACTIVITIES
Capital Expenditures -$38.00M -$188.0M
YoY Change -79.79% 61.1%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$38.00M -$188.0M
YoY Change -79.79% 60.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.800M 165.8M
YoY Change -95.9% 140.29%
NET CHANGE
Cash From Operating Activities 23.30M 22.30M
Cash From Investing Activities -38.00M -188.0M
Cash From Financing Activities 6.800M 165.8M
Net Change In Cash -7.900M 100.0K
YoY Change -8000.0% -100.37%
FREE CASH FLOW
Cash From Operating Activities $23.30M $22.30M
Capital Expenditures -$38.00M -$188.0M
Free Cash Flow $61.30M $210.3M
YoY Change -70.85% 52.61%

Facts In Submission

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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Note 2. </font></b><font style="FONT-SIZE: 10pt" size="2">&#160; <b>Recent Accounting Pronouncements</b></font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">In January&#160;2012, we adopted Financial Accounting Standards Board, or FASB, Accounting Standards Update No.&#160;2011-04, <i>Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements</i> <i>in U.S.&#160;GAAP and IFRS</i>.&#160; This update clarified the application of existing fair value measurement requirements.&#160; This update also required reporting entities to disclose additional information regarding fair value measurements categorized within Level 3 of the fair value hierarchy.&#160; This update was effective for interim and annual reporting periods beginning after December&#160;15, 2011.&#160; The implementation of this update did not cause any material changes to the disclosures in, or presentation of, our condensed consolidated financial statements.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">In January&#160;2012, we adopted FASB Accounting Standards Update No.&#160;2011-05, <i>Presentation of Comprehensive Income</i>.&#160; This update eliminated the option to report other comprehensive income and its components in the statement of shareholders&#8217; equity.&#160; This update was intended to enhance comparability between entities that report under GAAP and to provide a more consistent method of presenting non-owner transactions that affect an entity&#8217;s equity.&#160; This standard was effective for interim and annual reporting periods beginning after December&#160;15, 2011.&#160; The implementation of this update did not cause any changes to our condensed consolidated financial statements other than the presentation of the condensed consolidated statements of income.</font></p></td></tr></table>

Files In Submission

Name View Source Status
0001104659-12-054086-index-headers.html Edgar Link pending
0001104659-12-054086-index.html Edgar Link pending
0001104659-12-054086.txt Edgar Link pending
0001104659-12-054086-xbrl.zip Edgar Link pending
a12-13833_110q.htm Edgar Link pending
a12-13833_1ex10d1.htm Edgar Link pending
a12-13833_1ex31d1.htm Edgar Link pending
a12-13833_1ex31d2.htm Edgar Link pending
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