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Income Statement
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PARKWAY PROPERTIES INC (PKY)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  474.0456.7291.6210.5147.395.298.6262.2
            Revenue growth  3.8%56.6%38.5%42.9%54.7%-3.4%-62.4%11.6%
Cost of goods sold  173.2168.1108.976.855.240.442.9128.9
Gross profit  300.7288.6182.7133.792.154.855.7133.3
            Gross margin  63.4%63.2%62.7%63.5%62.5%57.6%56.5%50.8%
Selling, general and administrative   [+]31.232.725.716.418.815.314.39.7
Equity in earnings  2.2-1.00.2 0.10.30.40.9
Other operating expenses  -89.7-38.119.417.49.62.82.0 
EBITDA   [+]345.1279.5140.0104.966.436.939.7124.4
            EBITDA margin  72.8%61.2%48.0%49.8%45.1%38.7%40.2%47.5%
Depreciation  174.1169.3118.074.649.128.328.191.2
EBITA  171.0110.222.030.317.38.511.533.2
            EBITA margin  36.1%24.1%7.5%14.4%11.7%9.0%11.7%12.7%
Amortization of intangibles    2.25.02.7   
EBIT   [+]171.0110.219.825.214.68.511.533.2
            EBIT margin  36.1%24.1%6.8%12.0%9.9%9.0%11.7%12.7%
Non-recurring items   [+]118.291.513.150.523.60.88.8 
Interest expense, net   [+]70.664.643.434.129.018.817.658.8
Other income (expense), net   [+]114.480.3 0.50.70.01.31.3
Pre-tax income  96.634.3-36.7-58.8-37.3-11.0-13.6-24.2
Income taxes  1.90.1-1.40.30.10.00.0-22.1
            Tax rate  2.0%0.4%3.8%    91.4%
Minority interest     3.385.1-10.8-10.6 
Earnings from continuing ops  67.322.4-85.5-67.437.7-15.1-7.8-17.7
Earnings from discontinued ops   20.555.816.1-174.76.2-8.622.1
Net income  67.342.9-29.7-51.2-137.0-8.9-16.44.5
            Net margin  14.2%9.4%-10.2%-24.3%-93.0%-9.4%-16.6%1.7%
   
Basic EPS   [+]$0.60$0.22($1.29)($2.14)$1,754.48($0.70)($0.40)($1.18)
Diluted EPS   [+]$0.58$0.21($1.29)($2.14)$1.75($0.70)($0.40)($1.18)
   
Dividends per share   [+]$0.75$0.75$0.64$0.38$0.30$0.30$1.30 
   
Shares outstanding (basic)   [+]111.5101.966.331.50.021.419.315.0
Shares outstanding (diluted)   [+]116.7107.366.331.521.521.419.315.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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