City Office REIT Inc
NYSE:CIO
Income Statement
Earnings Waterfall
City Office REIT Inc
Revenue
|
179.1m
USD
|
Cost of Revenue
|
-70m
USD
|
Gross Profit
|
109.1m
USD
|
Operating Expenses
|
-77.8m
USD
|
Operating Income
|
31.3m
USD
|
Other Expenses
|
-41.4m
USD
|
Net Income
|
-10.1m
USD
|
Income Statement
City Office REIT Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
20
N/A
|
25
+22%
|
29
+16%
|
32
+11%
|
37
+14%
|
40
+9%
|
43
+8%
|
48
+11%
|
55
+15%
|
60
+9%
|
65
+7%
|
69
+6%
|
73
+6%
|
82
+13%
|
91
+11%
|
97
+7%
|
107
+10%
|
113
+6%
|
118
+5%
|
127
+7%
|
130
+2%
|
135
+4%
|
146
+8%
|
151
+4%
|
156
+3%
|
159
+2%
|
158
-1%
|
160
+1%
|
161
+0%
|
160
0%
|
161
+0%
|
164
+2%
|
164
0%
|
169
+3%
|
175
+3%
|
176
+0%
|
181
+3%
|
182
+1%
|
181
0%
|
179
-1%
|
179
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(8)
|
(10)
|
(11)
|
(12)
|
(15)
|
(17)
|
(19)
|
(21)
|
(22)
|
(24)
|
(25)
|
(27)
|
(28)
|
(32)
|
(36)
|
(40)
|
(43)
|
(45)
|
(46)
|
(49)
|
(50)
|
(52)
|
(55)
|
(56)
|
(57)
|
(58)
|
(58)
|
(58)
|
(58)
|
(58)
|
(58)
|
(58)
|
(58)
|
(60)
|
(63)
|
(65)
|
(68)
|
(69)
|
(69)
|
(70)
|
(70)
|
|
Gross Profit |
12
N/A
|
15
+27%
|
18
+18%
|
20
+11%
|
22
+10%
|
23
+6%
|
25
+6%
|
27
+8%
|
33
+25%
|
37
+10%
|
39
+7%
|
42
+7%
|
44
+5%
|
50
+13%
|
54
+9%
|
57
+5%
|
64
+11%
|
68
+6%
|
72
+6%
|
78
+9%
|
80
+2%
|
83
+4%
|
91
+10%
|
95
+5%
|
99
+4%
|
101
+2%
|
100
-1%
|
102
+2%
|
103
+1%
|
103
N/A
|
103
+0%
|
106
+3%
|
106
0%
|
109
+3%
|
112
+3%
|
110
-1%
|
113
+2%
|
113
0%
|
111
-1%
|
110
-1%
|
109
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(8)
|
(10)
|
(13)
|
(16)
|
(17)
|
(19)
|
(19)
|
(20)
|
(26)
|
(35)
|
(38)
|
(41)
|
(44)
|
(42)
|
(44)
|
(46)
|
(48)
|
(50)
|
(53)
|
(57)
|
(61)
|
(67)
|
(71)
|
(74)
|
(70)
|
(71)
|
(71)
|
(71)
|
(71)
|
(71)
|
(71)
|
(76)
|
(73)
|
(75)
|
(76)
|
(73)
|
(76)
|
(90)
|
(90)
|
(89)
|
(78)
|
|
Selling, General & Administrative |
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(4)
|
(12)
|
(12)
|
(13)
|
(14)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(10)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(16)
|
(16)
|
(16)
|
(17)
|
(12)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
|
Depreciation & Amortization |
(8)
|
(10)
|
(12)
|
(13)
|
(15)
|
(16)
|
(17)
|
(19)
|
(22)
|
(24)
|
(26)
|
(28)
|
(30)
|
(34)
|
(37)
|
(38)
|
(42)
|
(43)
|
(46)
|
(50)
|
(52)
|
(55)
|
(58)
|
(59)
|
(59)
|
(60)
|
(60)
|
(60)
|
(60)
|
(60)
|
(60)
|
(59)
|
(57)
|
(59)
|
(59)
|
(60)
|
(63)
|
(62)
|
(62)
|
(61)
|
(63)
|
|
Other Operating Expenses |
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(13)
|
(13)
|
0
|
|
Operating Income |
4
N/A
|
5
+22%
|
5
-2%
|
4
-15%
|
5
+11%
|
5
-3%
|
5
+16%
|
6
+15%
|
8
+22%
|
1
-86%
|
1
+11%
|
1
+7%
|
0
-68%
|
8
+1 810%
|
10
+34%
|
12
+12%
|
15
+32%
|
18
+19%
|
19
+6%
|
21
+10%
|
19
-9%
|
16
-15%
|
20
+24%
|
22
+8%
|
29
+32%
|
30
+4%
|
29
-3%
|
31
+7%
|
32
+2%
|
32
+1%
|
32
N/A
|
30
-5%
|
33
+9%
|
34
+3%
|
36
+5%
|
38
+5%
|
36
-3%
|
23
-37%
|
22
-6%
|
21
-3%
|
31
+49%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(5)
|
(3)
|
(4)
|
(5)
|
(6)
|
(9)
|
(10)
|
(10)
|
(12)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(15)
|
(16)
|
(18)
|
(20)
|
(22)
|
(24)
|
(24)
|
(26)
|
(28)
|
(29)
|
(30)
|
(29)
|
(28)
|
(27)
|
(28)
|
(28)
|
(26)
|
(25)
|
(25)
|
(24)
|
(24)
|
(25)
|
(27)
|
(29)
|
(31)
|
(33)
|
(33)
|
|
Non-Reccuring Items |
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(0)
|
(1)
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
16
|
16
|
0
|
12
|
12
|
12
|
59
|
47
|
47
|
47
|
0
|
0
|
0
|
3
|
0
|
3
|
4
|
1
|
49
|
49
|
47
|
477
|
451
|
451
|
451
|
22
|
0
|
(0)
|
(0)
|
(0)
|
|
Total Other Income |
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(4)
N/A
|
(2)
+55%
|
(4)
-87%
|
(6)
-71%
|
(5)
+19%
|
(8)
-61%
|
(7)
+12%
|
(8)
-9%
|
(8)
-2%
|
(16)
-104%
|
1
N/A
|
2
+164%
|
0
-77%
|
8
+1 870%
|
7
-14%
|
7
+2%
|
9
+32%
|
58
+527%
|
44
-24%
|
44
+1%
|
39
-13%
|
(9)
N/A
|
(7)
+21%
|
(7)
+3%
|
2
N/A
|
4
+82%
|
4
-16%
|
8
+109%
|
5
-33%
|
53
+942%
|
54
+2%
|
53
-3%
|
485
+823%
|
461
-5%
|
462
+0%
|
463
+0%
|
18
-96%
|
(6)
N/A
|
(10)
-58%
|
(12)
-21%
|
(2)
+83%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(4)
|
(2)
|
(4)
|
(6)
|
(5)
|
(8)
|
(7)
|
(8)
|
(8)
|
(16)
|
1
|
2
|
0
|
8
|
7
|
7
|
9
|
58
|
44
|
44
|
39
|
(9)
|
(7)
|
(7)
|
2
|
4
|
4
|
8
|
5
|
53
|
54
|
53
|
485
|
461
|
462
|
463
|
18
|
(6)
|
(10)
|
(12)
|
(2)
|
|
Income to Minority Interest |
0
|
0
|
1
|
1
|
2
|
2
|
1
|
1
|
1
|
3
|
(0)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
(4)
N/A
|
(4)
+1%
|
(5)
-13%
|
(7)
-42%
|
(5)
+24%
|
(6)
-15%
|
(6)
+2%
|
(6)
-13%
|
(7)
-4%
|
(13)
-97%
|
0
N/A
|
1
+160%
|
(3)
N/A
|
1
N/A
|
(2)
N/A
|
(4)
-80%
|
(2)
+55%
|
47
N/A
|
36
-23%
|
36
+1%
|
31
-16%
|
(17)
N/A
|
(15)
+11%
|
(15)
+1%
|
(6)
+63%
|
(4)
+34%
|
(4)
-19%
|
(0)
+90%
|
(3)
-590%
|
45
N/A
|
46
+3%
|
44
-4%
|
477
+977%
|
453
-5%
|
454
+0%
|
455
+0%
|
10
-98%
|
(14)
N/A
|
(18)
-25%
|
(20)
-11%
|
(10)
+49%
|
|
EPS (Diluted) |
-0.47
N/A
|
-0.5
-6%
|
-0.54
-8%
|
-0.8
-48%
|
-0.59
+26%
|
-0.46
+22%
|
-0.45
+2%
|
-0.5
-11%
|
-0.53
-6%
|
-0.69
-30%
|
0.01
N/A
|
0.03
+200%
|
-0.13
N/A
|
0.04
N/A
|
-0.06
N/A
|
-0.12
-100%
|
-0.05
+58%
|
1.3
N/A
|
0.99
-24%
|
0.97
-2%
|
0.82
-15%
|
-0.44
N/A
|
-0.39
+11%
|
-0.35
+10%
|
-0.13
+63%
|
-0.06
+54%
|
-0.1
-67%
|
-0.01
+90%
|
-0.06
-500%
|
1.03
N/A
|
1.06
+3%
|
1.02
-4%
|
10.8
+959%
|
10.19
-6%
|
10.2
+0%
|
10.8
+6%
|
0.22
-98%
|
-0.37
N/A
|
-0.45
-22%
|
-0.5
-11%
|
-0.25
+50%
|