Piedmont Office Realty Trust Inc
NYSE:PDM
Income Statement
Earnings Waterfall
Piedmont Office Realty Trust Inc
Revenue
|
579.9m
USD
|
Cost of Revenue
|
-236.7m
USD
|
Gross Profit
|
343.2m
USD
|
Operating Expenses
|
-264.5m
USD
|
Operating Income
|
78.7m
USD
|
Other Expenses
|
-153.5m
USD
|
Net Income
|
-74.8m
USD
|
Income Statement
Piedmont Office Realty Trust Inc
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 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
554
N/A
|
560
+1%
|
561
+0%
|
566
+1%
|
580
+2%
|
588
+1%
|
592
+1%
|
585
-1%
|
573
-2%
|
562
-2%
|
551
-2%
|
556
+1%
|
566
+2%
|
580
+2%
|
579
0%
|
574
-1%
|
556
-3%
|
536
-4%
|
528
-1%
|
526
0%
|
529
+1%
|
531
+0%
|
536
+1%
|
533
-1%
|
538
+1%
|
541
+1%
|
538
-1%
|
535
-1%
|
527
-1%
|
523
-1%
|
522
0%
|
529
+1%
|
536
+1%
|
542
+1%
|
555
+2%
|
564
+2%
|
570
+1%
|
577
+1%
|
580
+1%
|
578
0%
|
580
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(227)
|
(232)
|
(236)
|
(239)
|
(245)
|
(250)
|
(249)
|
(242)
|
(232)
|
(223)
|
(216)
|
(219)
|
(220)
|
(224)
|
(223)
|
(221)
|
(217)
|
(214)
|
(210)
|
(209)
|
(209)
|
(209)
|
(214)
|
(211)
|
(213)
|
(214)
|
(212)
|
(215)
|
(213)
|
(212)
|
(210)
|
(211)
|
(213)
|
(215)
|
(222)
|
(226)
|
(230)
|
(235)
|
(236)
|
(235)
|
(237)
|
|
Gross Profit |
327
N/A
|
328
+0%
|
325
-1%
|
327
+0%
|
334
+2%
|
338
+1%
|
343
+1%
|
343
+0%
|
341
0%
|
339
-1%
|
335
-1%
|
337
+0%
|
346
+3%
|
356
+3%
|
356
0%
|
354
-1%
|
339
-4%
|
322
-5%
|
319
-1%
|
317
-1%
|
320
+1%
|
321
+1%
|
322
+0%
|
322
0%
|
325
+1%
|
328
+1%
|
326
-1%
|
320
-2%
|
314
-2%
|
311
-1%
|
312
+0%
|
318
+2%
|
322
+1%
|
327
+1%
|
332
+2%
|
338
+2%
|
340
+1%
|
342
+1%
|
344
+1%
|
343
0%
|
343
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(198)
|
(206)
|
(211)
|
(219)
|
(224)
|
(228)
|
(226)
|
(226)
|
(269)
|
(224)
|
(228)
|
(232)
|
(234)
|
(235)
|
(232)
|
(226)
|
(216)
|
(210)
|
(203)
|
(201)
|
(204)
|
(207)
|
(214)
|
(217)
|
(236)
|
(228)
|
(230)
|
(231)
|
(239)
|
(231)
|
(232)
|
(237)
|
(281)
|
(283)
|
(290)
|
(254)
|
(284)
|
(288)
|
(263)
|
(265)
|
(264)
|
|
Selling, General & Administrative |
(22)
|
(23)
|
(23)
|
(24)
|
(26)
|
(27)
|
(29)
|
(30)
|
(32)
|
(32)
|
(31)
|
(29)
|
(30)
|
(30)
|
(29)
|
(31)
|
(29)
|
(29)
|
(30)
|
(30)
|
(33)
|
(34)
|
(35)
|
(35)
|
(34)
|
(31)
|
(28)
|
(28)
|
(26)
|
(28)
|
(30)
|
(30)
|
(31)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(30)
|
(29)
|
(29)
|
|
Depreciation & Amortization |
(177)
|
(183)
|
(188)
|
(195)
|
(198)
|
(201)
|
(197)
|
(195)
|
(194)
|
(192)
|
(197)
|
(203)
|
(205)
|
(205)
|
(203)
|
(195)
|
(187)
|
(180)
|
(174)
|
(171)
|
(172)
|
(174)
|
(179)
|
(183)
|
(190)
|
(197)
|
(201)
|
(204)
|
(203)
|
(202)
|
(202)
|
(207)
|
(209)
|
(213)
|
(220)
|
(225)
|
(229)
|
(233)
|
(233)
|
(236)
|
(235)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(43)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(41)
|
(41)
|
(41)
|
0
|
(26)
|
(26)
|
0
|
0
|
0
|
|
Operating Income |
129
N/A
|
122
-5%
|
114
-7%
|
108
-6%
|
111
+3%
|
110
0%
|
117
+6%
|
117
+0%
|
72
-39%
|
115
+60%
|
107
-7%
|
105
-2%
|
112
+7%
|
121
+9%
|
124
+2%
|
128
+3%
|
122
-4%
|
113
-8%
|
115
+3%
|
116
+0%
|
116
0%
|
114
-1%
|
109
-5%
|
104
-4%
|
89
-15%
|
101
+13%
|
96
-5%
|
89
-8%
|
75
-15%
|
80
+7%
|
80
0%
|
81
+1%
|
42
-49%
|
44
+5%
|
42
-3%
|
84
+98%
|
56
-33%
|
54
-4%
|
81
+51%
|
77
-5%
|
79
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(81)
|
(82)
|
(80)
|
(75)
|
(75)
|
(74)
|
(74)
|
(73)
|
(71)
|
(69)
|
(66)
|
(65)
|
(66)
|
(68)
|
(65)
|
(64)
|
(60)
|
(57)
|
(61)
|
(61)
|
(63)
|
(62)
|
(62)
|
(62)
|
(61)
|
(60)
|
(57)
|
(55)
|
(52)
|
(51)
|
(50)
|
(51)
|
(53)
|
(54)
|
(59)
|
(66)
|
(74)
|
(83)
|
(94)
|
(101)
|
(109)
|
|
Non-Reccuring Items |
15
|
13
|
9
|
7
|
4
|
(3)
|
(38)
|
(44)
|
0
|
(49)
|
(37)
|
(34)
|
(34)
|
(23)
|
(0)
|
(47)
|
(48)
|
(48)
|
(48)
|
(2)
|
0
|
(3)
|
(5)
|
(12)
|
0
|
(18)
|
(16)
|
(9)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
(38)
|
(30)
|
(49)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
45
|
45
|
45
|
76
|
68
|
70
|
70
|
197
|
159
|
349
|
349
|
206
|
206
|
14
|
15
|
0
|
51
|
51
|
51
|
152
|
101
|
101
|
101
|
2
|
0
|
|
Total Other Income |
(1)
|
(2)
|
(0)
|
0
|
(0)
|
1
|
1
|
2
|
2
|
1
|
(0)
|
0
|
(0)
|
(0)
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
3
|
5
|
7
|
9
|
10
|
10
|
7
|
5
|
3
|
2
|
4
|
4
|
4
|
3
|
|
Pre-Tax Income |
61
N/A
|
52
-14%
|
43
-18%
|
40
-6%
|
40
+0%
|
34
-15%
|
6
-82%
|
2
-74%
|
3
+75%
|
(2)
N/A
|
4
N/A
|
6
+70%
|
11
+73%
|
30
+172%
|
59
+100%
|
18
-70%
|
60
+241%
|
54
-10%
|
54
-1%
|
130
+144%
|
123
-6%
|
120
-2%
|
112
-6%
|
229
+104%
|
188
-18%
|
372
+98%
|
373
+0%
|
233
-38%
|
233
+0%
|
51
-78%
|
53
+5%
|
(1)
N/A
|
49
N/A
|
47
-4%
|
40
-17%
|
147
+272%
|
86
-42%
|
76
-12%
|
55
-27%
|
(48)
N/A
|
(75)
-55%
|
|
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 |
61
|
52
|
43
|
40
|
40
|
34
|
6
|
2
|
3
|
(2)
|
4
|
6
|
11
|
30
|
59
|
18
|
60
|
54
|
54
|
130
|
123
|
120
|
112
|
229
|
188
|
372
|
373
|
233
|
233
|
51
|
53
|
(1)
|
49
|
47
|
40
|
147
|
86
|
76
|
55
|
(48)
|
(75)
|
|
Income to Minority Interest |
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)
|
|
Net Income (Common) |
94
N/A
|
70
-25%
|
61
-14%
|
43
-28%
|
53
+23%
|
71
+33%
|
60
-16%
|
131
+120%
|
123
-7%
|
165
+35%
|
154
-7%
|
100
-35%
|
105
+5%
|
56
-47%
|
195
+249%
|
134
-32%
|
176
+32%
|
163
-7%
|
53
-67%
|
130
+144%
|
123
-6%
|
120
-2%
|
112
-6%
|
229
+104%
|
188
-18%
|
372
+98%
|
373
+0%
|
233
-38%
|
233
+0%
|
51
-78%
|
53
+5%
|
(1)
N/A
|
49
N/A
|
47
-4%
|
40
-17%
|
147
+272%
|
85
-42%
|
76
-12%
|
55
-27%
|
(48)
N/A
|
(75)
-55%
|
|
EPS (Diluted) |
0.6
N/A
|
0.45
-25%
|
0.39
-13%
|
0.28
-28%
|
0.34
+21%
|
0.45
+32%
|
0.4
-11%
|
0.87
+118%
|
0.84
-3%
|
1.13
+35%
|
1.05
-7%
|
0.68
-35%
|
0.72
+6%
|
0.38
-47%
|
1.34
+253%
|
0.92
-31%
|
1.29
+40%
|
1.26
-2%
|
0.42
-67%
|
1
+138%
|
0.97
-3%
|
0.94
-3%
|
0.88
-6%
|
1.82
+107%
|
1.49
-18%
|
2.95
+98%
|
2.95
N/A
|
1.85
-37%
|
1.87
+1%
|
0.41
-78%
|
0.43
+5%
|
-0.01
N/A
|
0.4
N/A
|
0.38
-5%
|
0.32
-16%
|
1.19
+272%
|
0.69
-42%
|
0.61
-12%
|
0.45
-26%
|
-0.39
N/A
|
-0.6
-54%
|