Spirit Realty Capital Inc
NYSE:SRC
Income Statement
Earnings Waterfall
Spirit Realty Capital Inc
Revenue
|
754.4m
USD
|
Cost of Revenue
|
-31.3m
USD
|
Gross Profit
|
723.1m
USD
|
Operating Expenses
|
-388.5m
USD
|
Operating Income
|
334.6m
USD
|
Other Expenses
|
-86.6m
USD
|
Net Income
|
248m
USD
|
Income Statement
Spirit Realty Capital Inc
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 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
350
N/A
|
420
+20%
|
492
+17%
|
572
+16%
|
587
+3%
|
603
+3%
|
621
+3%
|
637
+3%
|
653
+3%
|
667
+2%
|
673
+1%
|
677
+1%
|
681
+1%
|
435
-36%
|
373
-14%
|
310
-17%
|
247
-21%
|
431
+75%
|
428
-1%
|
422
-1%
|
423
+0%
|
445
+5%
|
454
+2%
|
467
+3%
|
525
+12%
|
516
-2%
|
526
+2%
|
529
+1%
|
476
-10%
|
484
+2%
|
496
+3%
|
542
+9%
|
581
+7%
|
608
+5%
|
642
+5%
|
652
+2%
|
682
+5%
|
710
+4%
|
730
+3%
|
744
+2%
|
754
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(8)
|
(12)
|
(16)
|
(22)
|
(23)
|
(23)
|
(26)
|
(25)
|
(27)
|
(28)
|
(28)
|
(28)
|
(28)
|
(26)
|
(25)
|
(26)
|
(24)
|
(29)
|
(28)
|
(25)
|
(25)
|
(21)
|
(21)
|
(20)
|
(20)
|
(19)
|
(19)
|
(22)
|
(23)
|
(25)
|
(24)
|
(23)
|
(24)
|
(23)
|
(26)
|
(27)
|
(28)
|
(30)
|
(29)
|
(30)
|
(31)
|
|
Gross Profit |
341
N/A
|
408
+19%
|
476
+17%
|
550
+15%
|
565
+3%
|
580
+3%
|
596
+3%
|
612
+3%
|
627
+2%
|
640
+2%
|
646
+1%
|
649
+1%
|
653
+1%
|
409
-37%
|
349
-15%
|
284
-18%
|
222
-22%
|
403
+81%
|
401
-1%
|
397
-1%
|
398
+0%
|
424
+6%
|
434
+2%
|
447
+3%
|
505
+13%
|
498
-1%
|
507
+2%
|
507
N/A
|
453
-11%
|
459
+1%
|
472
+3%
|
519
+10%
|
557
+7%
|
585
+5%
|
616
+5%
|
625
+2%
|
654
+5%
|
680
+4%
|
700
+3%
|
714
+2%
|
723
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(164)
|
(199)
|
(237)
|
(270)
|
(285)
|
(291)
|
(298)
|
(302)
|
(307)
|
(308)
|
(306)
|
(307)
|
(311)
|
(222)
|
(202)
|
(189)
|
(164)
|
(229)
|
(228)
|
(217)
|
(212)
|
(216)
|
(214)
|
(216)
|
(221)
|
(228)
|
(239)
|
(248)
|
(254)
|
(259)
|
(263)
|
(272)
|
(286)
|
(296)
|
(311)
|
(323)
|
(336)
|
(351)
|
(361)
|
(369)
|
(388)
|
|
Selling, General & Administrative |
(32)
|
(35)
|
(39)
|
(41)
|
(41)
|
(43)
|
(44)
|
(46)
|
(48)
|
(48)
|
(47)
|
(49)
|
(52)
|
(49)
|
(49)
|
(57)
|
(55)
|
(55)
|
(58)
|
(50)
|
(48)
|
(53)
|
(51)
|
(51)
|
(53)
|
(52)
|
(53)
|
(50)
|
(48)
|
(47)
|
(46)
|
(48)
|
(51)
|
(52)
|
(54)
|
(54)
|
(55)
|
(58)
|
(59)
|
(60)
|
(75)
|
|
Depreciation & Amortization |
(131)
|
(164)
|
(198)
|
(230)
|
(244)
|
(248)
|
(254)
|
(257)
|
(259)
|
(261)
|
(259)
|
(259)
|
(260)
|
(173)
|
(152)
|
(131)
|
(109)
|
(174)
|
(171)
|
(167)
|
(164)
|
(163)
|
(163)
|
(164)
|
(168)
|
(176)
|
(186)
|
(198)
|
(207)
|
(213)
|
(218)
|
(225)
|
(235)
|
(245)
|
(257)
|
(270)
|
(281)
|
(293)
|
(302)
|
(308)
|
(313)
|
|
Operating Income |
178
N/A
|
209
+17%
|
240
+15%
|
279
+16%
|
280
+0%
|
289
+3%
|
298
+3%
|
310
+4%
|
320
+3%
|
331
+3%
|
340
+3%
|
342
+1%
|
342
+0%
|
188
-45%
|
147
-22%
|
96
-35%
|
58
-39%
|
174
+201%
|
172
-1%
|
181
+5%
|
186
+3%
|
209
+12%
|
220
+5%
|
232
+6%
|
284
+23%
|
270
-5%
|
268
-1%
|
259
-3%
|
199
-23%
|
200
+0%
|
209
+5%
|
247
+18%
|
271
+10%
|
289
+6%
|
305
+6%
|
302
-1%
|
318
+5%
|
329
+4%
|
340
+3%
|
345
+2%
|
335
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(160)
|
(179)
|
(197)
|
(214)
|
(217)
|
(220)
|
(224)
|
(224)
|
(225)
|
(223)
|
(218)
|
(211)
|
(204)
|
(119)
|
(94)
|
(72)
|
(55)
|
(113)
|
(109)
|
(103)
|
(94)
|
(89)
|
(88)
|
(88)
|
(100)
|
(103)
|
(105)
|
(113)
|
(103)
|
(104)
|
(105)
|
(106)
|
(104)
|
(103)
|
(102)
|
(104)
|
(110)
|
(118)
|
(125)
|
(132)
|
(138)
|
|
Non-Reccuring Items |
(58)
|
(61)
|
(58)
|
(159)
|
(127)
|
(119)
|
(120)
|
(45)
|
(52)
|
(84)
|
(98)
|
(69)
|
(76)
|
(69)
|
(79)
|
(87)
|
(80)
|
(63)
|
(16)
|
(2)
|
18
|
20
|
7
|
(15)
|
(26)
|
(39)
|
(86)
|
(89)
|
(94)
|
(93)
|
(88)
|
(74)
|
(62)
|
(55)
|
(19)
|
(21)
|
(18)
|
(42)
|
(47)
|
(49)
|
(51)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
30
|
5
|
12
|
22
|
43
|
39
|
31
|
22
|
15
|
22
|
53
|
85
|
59
|
51
|
22
|
0
|
24
|
26
|
62
|
52
|
42
|
41
|
42
|
65
|
111
|
159
|
134
|
114
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
30
|
30
|
30
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
6
|
6
|
6
|
0
|
0
|
0
|
|
Pre-Tax Income |
(40)
N/A
|
(32)
+19%
|
(16)
+51%
|
(94)
-500%
|
(64)
+31%
|
(50)
+22%
|
(46)
+8%
|
41
N/A
|
43
+5%
|
25
-43%
|
24
-2%
|
62
+156%
|
62
+0%
|
30
-53%
|
10
-67%
|
(22)
N/A
|
(25)
-11%
|
41
N/A
|
86
+110%
|
107
+25%
|
131
+23%
|
149
+14%
|
155
+4%
|
176
+14%
|
237
+35%
|
187
-21%
|
127
-32%
|
81
-36%
|
2
-97%
|
27
+1 025%
|
41
+53%
|
130
+214%
|
157
+21%
|
172
+10%
|
230
+33%
|
225
-2%
|
261
+16%
|
286
+10%
|
327
+14%
|
298
-9%
|
260
-13%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(12)
|
(12)
|
(11)
|
(11)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
(41)
|
(33)
|
(17)
|
(95)
|
(65)
|
(51)
|
(47)
|
40
|
42
|
24
|
24
|
61
|
61
|
29
|
9
|
(22)
|
(25)
|
40
|
85
|
106
|
131
|
149
|
154
|
175
|
225
|
175
|
116
|
70
|
2
|
27
|
41
|
129
|
157
|
172
|
229
|
224
|
260
|
286
|
326
|
297
|
259
|
|
Net Income (Common) |
(47)
N/A
|
2
N/A
|
24
+1 300%
|
(55)
N/A
|
(25)
+55%
|
(37)
-49%
|
(28)
+24%
|
111
N/A
|
118
+6%
|
93
-21%
|
94
+0%
|
90
-4%
|
102
+14%
|
97
-5%
|
86
-11%
|
64
-26%
|
42
-35%
|
74
+78%
|
89
+20%
|
80
-10%
|
102
+28%
|
121
+18%
|
134
+11%
|
162
+22%
|
213
+31%
|
164
-23%
|
105
-36%
|
59
-44%
|
(9)
N/A
|
16
N/A
|
30
+92%
|
118
+295%
|
146
+23%
|
161
+11%
|
218
+36%
|
213
-2%
|
249
+17%
|
275
+10%
|
315
+15%
|
286
-9%
|
248
-13%
|
|
EPS (Diluted) |
-0.71
N/A
|
0.03
N/A
|
0.32
+967%
|
-0.71
N/A
|
-0.31
+56%
|
-0.47
-52%
|
-0.34
+28%
|
1.27
N/A
|
1.34
+6%
|
1.07
-20%
|
1.06
-1%
|
0.89
-16%
|
1.06
+19%
|
1.03
-3%
|
0.9
-13%
|
0.66
-27%
|
0.45
-32%
|
0.78
+73%
|
1.02
+31%
|
0.93
-9%
|
1.19
+28%
|
1.39
+17%
|
1.56
+12%
|
1.73
+11%
|
2.36
+36%
|
1.8
-24%
|
1.02
-43%
|
0.56
-45%
|
-0.08
N/A
|
0.15
N/A
|
0.28
+87%
|
1.02
+264%
|
1.2
+18%
|
1.35
+13%
|
1.69
+25%
|
1.58
-7%
|
1.82
+15%
|
2.04
+12%
|
2.23
+9%
|
2.04
-9%
|
1.75
-14%
|