Duke Realty Corp
NYSE:DRE
Income Statement
Earnings Waterfall
Duke Realty Corp
Revenue
|
1.1B
USD
|
Cost of Revenue
|
-295.5m
USD
|
Gross Profit
|
812.9m
USD
|
Operating Expenses
|
-445.6m
USD
|
Operating Income
|
367.3m
USD
|
Other Expenses
|
580.5m
USD
|
Net Income
|
947.8m
USD
|
Income Statement
Duke Realty Corp
Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
1 057
N/A
|
1 047
-1%
|
1 038
-1%
|
1 050
+1%
|
1 042
-1%
|
969
-7%
|
976
+1%
|
984
+1%
|
962
-2%
|
1 047
+9%
|
1 050
+0%
|
1 001
-5%
|
974
-3%
|
792
-19%
|
708
-11%
|
667
-6%
|
614
-8%
|
731
+19%
|
728
0%
|
733
+1%
|
746
+2%
|
781
+5%
|
834
+7%
|
856
+3%
|
893
+4%
|
948
+6%
|
978
+3%
|
1 005
+3%
|
1 014
+1%
|
974
-4%
|
935
-4%
|
937
+0%
|
957
+2%
|
993
+4%
|
1 056
+6%
|
1 089
+3%
|
1 108
+2%
|
1 106
0%
|
1 095
-1%
|
1 108
+1%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(543)
|
(508)
|
(486)
|
(483)
|
(461)
|
(423)
|
(433)
|
(443)
|
(423)
|
(451)
|
(447)
|
(402)
|
(377)
|
(308)
|
(261)
|
(245)
|
(218)
|
(254)
|
(238)
|
(237)
|
(246)
|
(263)
|
(305)
|
(304)
|
(319)
|
(352)
|
(368)
|
(382)
|
(374)
|
(329)
|
(286)
|
(278)
|
(288)
|
(296)
|
(333)
|
(342)
|
(339)
|
(327)
|
(301)
|
(295)
|
|
Gross Profit |
514
N/A
|
539
+5%
|
552
+2%
|
567
+3%
|
581
+2%
|
546
-6%
|
543
-1%
|
541
0%
|
539
0%
|
596
+11%
|
603
+1%
|
600
-1%
|
597
0%
|
484
-19%
|
448
-7%
|
421
-6%
|
396
-6%
|
477
+20%
|
490
+3%
|
496
+1%
|
501
+1%
|
518
+3%
|
530
+2%
|
552
+4%
|
574
+4%
|
596
+4%
|
610
+2%
|
623
+2%
|
640
+3%
|
645
+1%
|
649
+1%
|
659
+1%
|
669
+2%
|
697
+4%
|
723
+4%
|
747
+3%
|
769
+3%
|
779
+1%
|
794
+2%
|
813
+2%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(375)
|
(396)
|
(402)
|
(409)
|
(422)
|
(398)
|
(397)
|
(392)
|
(379)
|
(403)
|
(398)
|
(396)
|
(391)
|
(310)
|
(289)
|
(239)
|
(220)
|
(276)
|
(279)
|
(289)
|
(294)
|
(311)
|
(328)
|
(359)
|
(369)
|
(372)
|
(373)
|
(380)
|
(390)
|
(393)
|
(401)
|
(403)
|
(406)
|
(419)
|
(430)
|
(438)
|
(436)
|
(432)
|
(432)
|
(446)
|
|
Selling, General & Administrative |
(46)
|
(46)
|
(48)
|
(46)
|
(47)
|
(43)
|
(44)
|
(45)
|
(45)
|
(49)
|
(52)
|
(61)
|
(61)
|
(59)
|
(60)
|
(28)
|
(27)
|
(29)
|
(30)
|
(35)
|
(34)
|
(35)
|
(37)
|
(58)
|
(57)
|
(56)
|
(57)
|
(57)
|
(62)
|
(61)
|
(61)
|
(59)
|
(57)
|
(58)
|
(60)
|
(65)
|
(64)
|
(66)
|
(66)
|
(77)
|
|
Depreciation & Amortization |
(327)
|
(349)
|
(354)
|
(363)
|
(374)
|
(353)
|
(349)
|
(342)
|
(327)
|
(346)
|
(340)
|
(330)
|
(324)
|
(302)
|
(279)
|
(262)
|
(247)
|
(250)
|
(256)
|
(254)
|
(244)
|
(243)
|
(240)
|
(244)
|
(253)
|
(256)
|
(255)
|
(262)
|
(268)
|
(273)
|
(282)
|
(285)
|
(290)
|
(297)
|
(305)
|
(310)
|
(308)
|
(305)
|
(305)
|
(307)
|
|
Other Operating Expenses |
(2)
|
(1)
|
0
|
0
|
0
|
(1)
|
(3)
|
(5)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
50
|
50
|
51
|
54
|
3
|
8
|
(1)
|
(16)
|
(34)
|
(51)
|
(57)
|
(59)
|
(60)
|
(61)
|
(61)
|
(60)
|
(60)
|
(59)
|
(60)
|
(60)
|
(64)
|
(65)
|
(64)
|
(65)
|
(61)
|
(61)
|
(62)
|
|
Operating Income |
139
N/A
|
143
+3%
|
150
+5%
|
158
+5%
|
159
+1%
|
148
-7%
|
146
-1%
|
149
+2%
|
160
+7%
|
193
+21%
|
205
+6%
|
204
-1%
|
206
+1%
|
174
-16%
|
159
-8%
|
182
+15%
|
176
-3%
|
201
+14%
|
212
+5%
|
207
-2%
|
207
0%
|
207
+0%
|
202
-3%
|
192
-5%
|
205
+7%
|
224
+9%
|
237
+6%
|
243
+2%
|
250
+3%
|
252
+1%
|
248
-1%
|
256
+3%
|
263
+3%
|
278
+6%
|
293
+5%
|
309
+5%
|
333
+8%
|
347
+4%
|
362
+4%
|
367
+1%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(218)
|
(225)
|
(175)
|
(173)
|
(173)
|
(146)
|
(185)
|
(117)
|
(89)
|
(101)
|
(97)
|
(136)
|
(153)
|
(137)
|
(99)
|
(98)
|
(68)
|
(61)
|
(74)
|
(16)
|
(14)
|
(10)
|
1
|
(45)
|
(44)
|
(46)
|
(54)
|
(56)
|
(62)
|
(49)
|
(53)
|
(57)
|
(59)
|
(80)
|
(66)
|
(55)
|
(51)
|
(48)
|
(57)
|
(61)
|
|
Non-Reccuring Items |
(11)
|
0
|
1
|
(2)
|
1
|
56
|
71
|
146
|
187
|
124
|
137
|
101
|
128
|
156
|
137
|
163
|
167
|
151
|
179
|
143
|
75
|
92
|
102
|
227
|
223
|
215
|
170
|
52
|
226
|
238
|
221
|
179
|
17
|
99
|
136
|
250
|
658
|
580
|
748
|
669
|
|
Gain/Loss on Disposition of Assets |
(2)
|
(4)
|
(3)
|
(4)
|
(4)
|
(3)
|
(4)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(7)
|
(9)
|
(9)
|
(7)
|
(2)
|
7
|
0
|
7
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(92)
N/A
|
(86)
+7%
|
(27)
+68%
|
(22)
+20%
|
(18)
+19%
|
54
N/A
|
29
-47%
|
175
+510%
|
256
+46%
|
215
-16%
|
244
+13%
|
167
-31%
|
173
+4%
|
185
+7%
|
188
+2%
|
240
+28%
|
274
+14%
|
298
+9%
|
324
+9%
|
341
+5%
|
275
-19%
|
289
+5%
|
305
+6%
|
374
+22%
|
384
+3%
|
392
+2%
|
354
-10%
|
239
-32%
|
414
+73%
|
441
+6%
|
415
-6%
|
377
-9%
|
221
-41%
|
298
+35%
|
363
+22%
|
505
+39%
|
939
+86%
|
880
-6%
|
1 053
+20%
|
975
-7%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
5
|
5
|
2
|
2
|
(2)
|
1
|
2
|
5
|
8
|
4
|
5
|
3
|
0
|
1
|
(1)
|
(7)
|
(8)
|
0
|
(8)
|
(3)
|
(1)
|
(9)
|
1
|
(5)
|
(6)
|
(9)
|
(8)
|
(1)
|
(1)
|
5
|
(0)
|
(4)
|
(11)
|
(19)
|
(20)
|
(17)
|
|
Income from Continuing Operations |
(92)
|
(86)
|
(27)
|
(22)
|
(13)
|
60
|
31
|
177
|
254
|
216
|
246
|
172
|
181
|
189
|
193
|
243
|
274
|
299
|
323
|
334
|
268
|
289
|
297
|
371
|
382
|
383
|
355
|
234
|
409
|
432
|
407
|
376
|
220
|
303
|
363
|
501
|
928
|
862
|
1 033
|
959
|
|
Income to Minority Interest |
0
|
2
|
1
|
(1)
|
(1)
|
(6)
|
(6)
|
(6)
|
(7)
|
(3)
|
(3)
|
(6)
|
(6)
|
(7)
|
(6)
|
(3)
|
(3)
|
(3)
|
(3)
|
(19)
|
(19)
|
(20)
|
(20)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(3)
|
(3)
|
(5)
|
(9)
|
(9)
|
(10)
|
(10)
|
|
Net Income (Common) |
(51)
N/A
|
(129)
-152%
|
(65)
+50%
|
26
N/A
|
48
+87%
|
150
+215%
|
141
-6%
|
207
+47%
|
275
+33%
|
202
-26%
|
249
+23%
|
571
+129%
|
586
+3%
|
612
+5%
|
590
-4%
|
250
-58%
|
286
+14%
|
310
+8%
|
337
+9%
|
1 438
+327%
|
1 492
+4%
|
1 631
+9%
|
1 633
+0%
|
617
-62%
|
505
-18%
|
382
-24%
|
354
-7%
|
231
-35%
|
405
+75%
|
428
+6%
|
402
-6%
|
371
-8%
|
217
-42%
|
299
+38%
|
358
+20%
|
494
+38%
|
917
+86%
|
852
-7%
|
1 021
+20%
|
948
-7%
|