Safehold Inc
NYSE:SAFE
Income Statement
Earnings Waterfall
Safehold Inc
Revenue
|
352.6m
USD
|
Cost of Revenue
|
-4.7m
USD
|
Gross Profit
|
347.9m
USD
|
Operating Expenses
|
-79.3m
USD
|
Operating Income
|
268.7m
USD
|
Other Expenses
|
-323.6m
USD
|
Net Income
|
-55m
USD
|
Income Statement
Safehold 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 |
391
N/A
|
405
+4%
|
435
+7%
|
453
+4%
|
462
+2%
|
466
+1%
|
446
-4%
|
453
+2%
|
496
+10%
|
512
+3%
|
525
+3%
|
529
+1%
|
455
-14%
|
453
0%
|
679
+50%
|
675
-1%
|
679
+1%
|
935
+38%
|
759
-19%
|
761
+0%
|
798
+5%
|
541
-32%
|
468
-14%
|
491
+5%
|
480
-2%
|
340
-29%
|
338
-1%
|
155
-54%
|
531
+243%
|
211
-60%
|
169
-20%
|
350
+108%
|
290
-17%
|
281
-3%
|
320
+14%
|
248
-22%
|
158
-36%
|
274
+73%
|
266
-3%
|
280
+5%
|
353
+26%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(157)
|
(166)
|
(173)
|
(180)
|
(176)
|
(176)
|
(174)
|
(176)
|
(214)
|
(213)
|
(224)
|
(236)
|
(200)
|
(205)
|
(310)
|
(316)
|
(329)
|
(537)
|
(500)
|
(481)
|
(490)
|
(269)
|
(180)
|
(206)
|
(199)
|
(237)
|
(236)
|
(186)
|
(247)
|
(163)
|
(175)
|
(255)
|
(217)
|
(204)
|
(139)
|
(39)
|
(114)
|
1
|
(23)
|
(23)
|
(5)
|
|
Gross Profit |
233
N/A
|
239
+3%
|
262
+10%
|
273
+4%
|
286
+5%
|
290
+1%
|
272
-6%
|
277
+2%
|
282
+2%
|
299
+6%
|
301
+1%
|
293
-3%
|
256
-13%
|
248
-3%
|
369
+49%
|
358
-3%
|
351
-2%
|
399
+14%
|
259
-35%
|
281
+8%
|
309
+10%
|
272
-12%
|
288
+6%
|
285
-1%
|
281
-2%
|
104
-63%
|
103
-1%
|
(31)
N/A
|
284
N/A
|
48
-83%
|
(7)
N/A
|
95
N/A
|
72
-24%
|
77
+6%
|
181
+136%
|
208
+15%
|
44
-79%
|
274
+528%
|
243
-12%
|
256
+6%
|
348
+36%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(177)
|
(157)
|
(161)
|
(166)
|
(167)
|
(177)
|
(186)
|
(194)
|
(186)
|
(183)
|
(164)
|
(134)
|
(129)
|
(124)
|
(143)
|
(158)
|
(163)
|
(169)
|
(169)
|
(178)
|
(174)
|
(172)
|
(169)
|
(162)
|
(180)
|
(143)
|
(126)
|
(81)
|
(174)
|
(83)
|
(78)
|
(105)
|
(139)
|
(123)
|
(113)
|
(113)
|
(81)
|
(91)
|
(92)
|
(97)
|
(79)
|
|
Selling, General & Administrative |
(92)
|
(90)
|
(96)
|
(95)
|
(88)
|
(90)
|
(84)
|
(82)
|
(81)
|
(84)
|
(83)
|
(81)
|
(84)
|
(86)
|
(94)
|
(95)
|
(99)
|
(103)
|
(99)
|
(99)
|
(92)
|
(86)
|
(90)
|
(94)
|
(102)
|
(114)
|
(106)
|
(99)
|
(104)
|
(87)
|
(98)
|
(96)
|
(132)
|
(111)
|
(99)
|
(92)
|
(22)
|
(49)
|
(50)
|
(58)
|
(64)
|
|
Depreciation & Amortization |
(71)
|
(73)
|
(74)
|
(73)
|
(74)
|
(73)
|
(70)
|
(68)
|
(62)
|
(61)
|
(59)
|
(55)
|
(52)
|
(50)
|
(50)
|
(49)
|
(49)
|
(48)
|
(45)
|
(54)
|
(59)
|
(63)
|
(66)
|
(60)
|
(58)
|
(42)
|
(43)
|
(6)
|
(58)
|
5
|
17
|
(9)
|
(7)
|
(7)
|
(9)
|
(9)
|
(5)
|
(10)
|
(9)
|
(9)
|
(10)
|
|
Other Operating Expenses |
(14)
|
5
|
9
|
1
|
(5)
|
(14)
|
(32)
|
(44)
|
(43)
|
(39)
|
(23)
|
2
|
7
|
12
|
0
|
(14)
|
(15)
|
(19)
|
(25)
|
(26)
|
(23)
|
(23)
|
(13)
|
(9)
|
(20)
|
14
|
23
|
24
|
(11)
|
(1)
|
3
|
0
|
(0)
|
(5)
|
(5)
|
(12)
|
(54)
|
(32)
|
(33)
|
(30)
|
(6)
|
|
Operating Income |
56
N/A
|
82
+46%
|
101
+23%
|
107
+6%
|
119
+11%
|
113
-6%
|
86
-24%
|
83
-3%
|
96
+15%
|
115
+20%
|
137
+18%
|
159
+16%
|
127
-20%
|
124
-2%
|
226
+82%
|
200
-12%
|
188
-6%
|
230
+22%
|
90
-61%
|
102
+14%
|
135
+32%
|
100
-26%
|
119
+20%
|
123
+3%
|
101
-18%
|
(39)
N/A
|
(23)
+40%
|
(112)
-385%
|
110
N/A
|
(36)
N/A
|
(84)
-135%
|
(10)
+89%
|
(67)
-606%
|
(47)
+31%
|
68
N/A
|
95
+41%
|
(38)
N/A
|
184
N/A
|
151
-18%
|
160
+6%
|
269
+68%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(225)
|
(229)
|
(201)
|
(147)
|
(130)
|
(123)
|
(138)
|
(178)
|
(192)
|
(193)
|
(163)
|
(145)
|
(144)
|
(141)
|
(167)
|
(185)
|
(182)
|
(178)
|
(117)
|
(119)
|
(121)
|
(120)
|
(178)
|
(169)
|
(142)
|
(85)
|
(84)
|
(51)
|
(128)
|
(78)
|
(56)
|
9
|
39
|
52
|
23
|
(70)
|
(39)
|
(184)
|
(177)
|
(183)
|
(157)
|
|
Non-Reccuring Items |
(53)
|
(48)
|
(60)
|
(65)
|
(60)
|
(56)
|
(31)
|
(19)
|
(11)
|
(11)
|
(14)
|
(18)
|
(16)
|
(21)
|
(30)
|
(22)
|
(47)
|
(30)
|
32
|
37
|
(32)
|
(86)
|
85
|
85
|
196
|
(38)
|
(262)
|
(265)
|
(14)
|
(5)
|
(0)
|
25
|
45
|
24
|
25
|
56
|
(120)
|
49
|
48
|
(153)
|
(165)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
180
|
180
|
180
|
0
|
(180)
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(180)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(222)
N/A
|
(195)
+12%
|
(159)
+18%
|
(105)
+34%
|
(70)
+33%
|
(67)
+5%
|
(83)
-24%
|
(114)
-38%
|
(107)
+6%
|
(89)
+18%
|
(40)
+55%
|
(5)
+88%
|
(34)
-630%
|
(37)
-11%
|
29
N/A
|
(7)
N/A
|
(41)
-479%
|
22
N/A
|
4
-80%
|
20
+355%
|
(18)
N/A
|
(106)
-507%
|
207
N/A
|
219
+6%
|
335
+53%
|
(161)
N/A
|
(549)
-241%
|
(608)
-11%
|
(31)
+95%
|
(119)
-287%
|
(140)
-18%
|
24
N/A
|
16
-31%
|
30
+80%
|
115
+288%
|
81
-29%
|
(197)
N/A
|
49
N/A
|
22
-55%
|
(176)
N/A
|
(53)
+70%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
5
|
6
|
2
|
(4)
|
(10)
|
(11)
|
(8)
|
(8)
|
(1)
|
1
|
6
|
10
|
9
|
6
|
(1)
|
1
|
2
|
3
|
2
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
|
Income from Continuing Operations |
(221)
|
(189)
|
(153)
|
(104)
|
(74)
|
(77)
|
(94)
|
(123)
|
(115)
|
(90)
|
(39)
|
2
|
(23)
|
(28)
|
35
|
(8)
|
(40)
|
23
|
8
|
22
|
(18)
|
(107)
|
206
|
219
|
334
|
(162)
|
(550)
|
(608)
|
(31)
|
(121)
|
(143)
|
21
|
16
|
29
|
115
|
81
|
(197)
|
49
|
21
|
(177)
|
(55)
|
|
Income to Minority Interest |
(1)
|
(2)
|
(2)
|
(2)
|
1
|
3
|
4
|
4
|
4
|
3
|
(7)
|
(6)
|
(5)
|
(5)
|
(2)
|
(2)
|
(5)
|
(6)
|
(10)
|
(12)
|
(14)
|
(16)
|
(10)
|
(11)
|
(10)
|
0
|
0
|
9
|
(12)
|
2
|
5
|
(1)
|
0
|
0
|
(0)
|
(9)
|
(0)
|
(9)
|
(9)
|
(0)
|
(0)
|
|
Net Income (Common) |
(156)
N/A
|
(141)
+9%
|
(131)
+7%
|
(78)
+40%
|
(34)
+57%
|
(30)
+12%
|
(45)
-50%
|
(73)
-63%
|
(53)
+28%
|
(51)
+2%
|
18
N/A
|
70
+293%
|
44
-37%
|
38
-13%
|
178
+366%
|
97
-46%
|
111
+15%
|
165
+49%
|
30
-82%
|
46
+51%
|
(65)
N/A
|
(109)
-69%
|
211
N/A
|
222
+6%
|
292
+31%
|
288
-1%
|
(98)
N/A
|
(93)
+5%
|
(66)
+29%
|
(45)
+32%
|
(41)
+8%
|
83
N/A
|
109
+31%
|
720
+561%
|
177
-75%
|
121
-32%
|
398
+229%
|
(579)
N/A
|
6
N/A
|
(183)
N/A
|
(55)
+70%
|
|
EPS (Diluted) |
-11.54
N/A
|
-10.37
+10%
|
-9.58
+8%
|
-5.76
+40%
|
-0.4
+93%
|
-2.17
-443%
|
-3.22
-48%
|
-5.34
-66%
|
-0.62
+88%
|
-4.28
-590%
|
0.69
N/A
|
3.8
+451%
|
0.59
-84%
|
3.31
+461%
|
12.58
+280%
|
8.4
-33%
|
1.56
-81%
|
12.3
+688%
|
2.26
-82%
|
4.2
+86%
|
-0.95
N/A
|
-10.11
-964%
|
16.45
N/A
|
22.45
+36%
|
3.61
-84%
|
23.19
+542%
|
-8.06
N/A
|
-8.1
0%
|
-0.87
+89%
|
-3.8
-337%
|
-3.51
+8%
|
6.42
N/A
|
1.51
-76%
|
65.49
+4 237%
|
19.4
-70%
|
11.96
-38%
|
4.92
-59%
|
-9.09
N/A
|
0.09
N/A
|
-2.68
N/A
|
-0.82
+69%
|