MERLIN Properties SOCIMI SA
OTC:MRPRF
Income Statement
Earnings Waterfall
MERLIN Properties SOCIMI SA
Revenue
|
464.8m
EUR
|
Operating Expenses
|
-110.4m
EUR
|
Operating Income
|
354.4m
EUR
|
Other Expenses
|
-437.9m
EUR
|
Net Income
|
-83.5m
EUR
|
Income Statement
MERLIN Properties SOCIMI SA
Sep-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 |
26
N/A
|
35
+36%
|
68
+93%
|
139
+105%
|
214
+54%
|
259
+21%
|
304
+17%
|
305
+0%
|
352
+15%
|
390
+11%
|
430
+10%
|
474
+10%
|
463
-2%
|
469
+1%
|
553
+18%
|
482
-13%
|
590
+22%
|
648
+10%
|
701
+8%
|
794
+13%
|
515
-35%
|
786
+53%
|
625
-20%
|
641
+3%
|
446
-30%
|
419
-6%
|
428
+2%
|
376
-12%
|
468
+24%
|
449
-4%
|
458
+2%
|
465
+1%
|
439
-6%
|
447
+2%
|
446
0%
|
461
+3%
|
465
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
0
|
0
|
0
|
(10)
|
(1)
|
(9)
|
0
|
(20)
|
(11)
|
(19)
|
(31)
|
(36)
|
(38)
|
(38)
|
(22)
|
(42)
|
(37)
|
(46)
|
(40)
|
(48)
|
(42)
|
(35)
|
(36)
|
0
|
(1)
|
13
|
0
|
0
|
(19)
|
(22)
|
(24)
|
0
|
0
|
0
|
0
|
0
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
204
N/A
|
76
-63%
|
146
+93%
|
0
N/A
|
332
N/A
|
182
-45%
|
215
+18%
|
321
+50%
|
428
+33%
|
432
+1%
|
516
+19%
|
460
-11%
|
549
+19%
|
612
+12%
|
655
+7%
|
754
+15%
|
467
-38%
|
744
+59%
|
590
-21%
|
606
+3%
|
0
N/A
|
418
N/A
|
440
+5%
|
376
-15%
|
0
N/A
|
430
N/A
|
436
+1%
|
441
+1%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1)
|
4
|
(1)
|
(40)
|
(18)
|
159
|
158
|
179
|
(54)
|
376
|
413
|
218
|
(94)
|
803
|
808
|
214
|
(65)
|
520
|
165
|
160
|
(88)
|
187
|
(126)
|
(110)
|
(103)
|
(184)
|
(120)
|
(107)
|
(104)
|
95
|
(100)
|
(101)
|
(110)
|
(363)
|
(102)
|
(108)
|
(110)
|
|
Selling, General & Administrative |
(1)
|
(3)
|
(7)
|
(11)
|
(20)
|
(22)
|
(24)
|
(24)
|
(52)
|
(55)
|
(85)
|
(66)
|
(82)
|
(83)
|
(79)
|
(84)
|
(83)
|
(76)
|
(87)
|
(88)
|
(87)
|
(90)
|
(61)
|
(72)
|
(53)
|
(44)
|
(41)
|
(47)
|
(56)
|
(45)
|
(47)
|
(48)
|
(59)
|
(62)
|
(59)
|
(54)
|
(58)
|
|
Depreciation & Amortization |
0
|
12
|
12
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(5)
|
(7)
|
(6)
|
(7)
|
(10)
|
(11)
|
(8)
|
(5)
|
(2)
|
1
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Other Operating Expenses |
0
|
(4)
|
(5)
|
(27)
|
2
|
182
|
184
|
206
|
3
|
437
|
504
|
292
|
(2)
|
896
|
894
|
303
|
20
|
594
|
253
|
250
|
1
|
280
|
(62)
|
(35)
|
(48)
|
(139)
|
(78)
|
(58)
|
(46)
|
142
|
(51)
|
(51)
|
(50)
|
(299)
|
(41)
|
(52)
|
(51)
|
|
Operating Income |
22
N/A
|
39
+80%
|
67
+72%
|
100
+49%
|
187
+87%
|
417
+123%
|
453
+9%
|
483
+7%
|
278
-42%
|
755
+171%
|
825
+9%
|
661
-20%
|
334
-50%
|
1 234
+270%
|
1 324
+7%
|
674
-49%
|
484
-28%
|
1 132
+134%
|
819
-28%
|
914
+12%
|
379
-59%
|
931
+146%
|
464
-50%
|
496
+7%
|
343
-31%
|
234
-32%
|
320
+37%
|
269
-16%
|
364
+35%
|
525
+44%
|
336
-36%
|
341
+1%
|
329
-4%
|
84
-75%
|
344
+310%
|
352
+3%
|
354
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
5
|
4
|
79
|
52
|
194
|
(39)
|
120
|
118
|
446
|
(6)
|
2
|
166
|
796
|
(110)
|
(148)
|
381
|
450
|
(239)
|
(78)
|
(102)
|
245
|
(248)
|
(28)
|
(33)
|
(256)
|
(236)
|
(244)
|
(173)
|
156
|
(28)
|
254
|
274
|
(284)
|
(54)
|
(612)
|
(632)
|
(402)
|
|
Non-Reccuring Items |
2
|
2
|
2
|
(278)
|
(323)
|
(299)
|
(422)
|
(154)
|
(131)
|
(131)
|
(21)
|
(19)
|
(15)
|
38
|
(3)
|
24
|
(19)
|
(56)
|
(7)
|
(28)
|
(26)
|
(47)
|
(43)
|
(86)
|
(18)
|
(14)
|
(24)
|
16
|
2
|
(8)
|
4
|
8
|
9
|
11
|
(1)
|
(3)
|
(9)
|
|
Total Other Income |
(1)
|
(2)
|
0
|
0
|
0
|
2
|
2
|
2
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
74
|
(3)
|
74
|
72
|
48
|
(6)
|
47
|
47
|
51
|
(14)
|
70
|
70
|
15
|
(3)
|
(4)
|
(4)
|
(4)
|
(6)
|
0
|
(0)
|
0
|
(18)
|
|
Pre-Tax Income |
29
N/A
|
45
+55%
|
149
+230%
|
(127)
N/A
|
57
N/A
|
81
+41%
|
153
+89%
|
449
+193%
|
593
+32%
|
615
+4%
|
805
+31%
|
807
+0%
|
1 113
+38%
|
1 161
+4%
|
1 171
+1%
|
1 153
-2%
|
913
-21%
|
911
0%
|
806
-11%
|
832
+3%
|
591
-29%
|
683
+16%
|
440
-36%
|
428
-3%
|
56
-87%
|
54
-4%
|
122
+128%
|
128
+5%
|
519
+305%
|
486
-6%
|
590
+21%
|
619
+5%
|
48
-92%
|
40
-17%
|
(269)
N/A
|
(283)
-5%
|
(75)
+74%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
(2)
|
(6)
|
(5)
|
(8)
|
(6)
|
(13)
|
(14)
|
(10)
|
(10)
|
(12)
|
(4)
|
(13)
|
(13)
|
(12)
|
(22)
|
(58)
|
(62)
|
(62)
|
(59)
|
(27)
|
(27)
|
(13)
|
(15)
|
1
|
1
|
0
|
(1)
|
(7)
|
(8)
|
(16)
|
(16)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
|
Income from Continuing Operations |
29
|
43
|
143
|
(131)
|
49
|
75
|
141
|
435
|
583
|
604
|
794
|
804
|
1 101
|
1 148
|
1 159
|
1 130
|
855
|
849
|
745
|
773
|
564
|
656
|
427
|
413
|
56
|
55
|
123
|
128
|
512
|
478
|
574
|
603
|
41
|
33
|
(276)
|
(291)
|
(83)
|
|
Income to Minority Interest |
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
29
N/A
|
43
+47%
|
143
+233%
|
(130)
N/A
|
49
N/A
|
75
+52%
|
141
+88%
|
434
+209%
|
583
+34%
|
604
+4%
|
793
+31%
|
803
+1%
|
1 100
+37%
|
1 148
+4%
|
1 159
+1%
|
1 130
-2%
|
855
-24%
|
848
-1%
|
745
-12%
|
774
+4%
|
564
-27%
|
656
+16%
|
427
-35%
|
413
-3%
|
56
-86%
|
73
+30%
|
176
+139%
|
199
+13%
|
512
+157%
|
549
+7%
|
814
+48%
|
825
+1%
|
263
-68%
|
237
-10%
|
(276)
N/A
|
(291)
-6%
|
(83)
+71%
|
|
EPS (Diluted) |
0.17
N/A
|
0.32
+88%
|
0.68
+113%
|
-0.2
N/A
|
0.22
N/A
|
0.23
+5%
|
0.43
+87%
|
1.34
+212%
|
1.62
+21%
|
1.27
-22%
|
1.69
+33%
|
1.71
+1%
|
2.35
+37%
|
2.41
+3%
|
2.48
+3%
|
2.37
-4%
|
1.83
-23%
|
1.83
N/A
|
1.6
-13%
|
1.55
-3%
|
1.21
-22%
|
1.35
+12%
|
0.9
-33%
|
0.91
+1%
|
0.12
-87%
|
0.15
+25%
|
0.37
+147%
|
0.41
+11%
|
1.1
+168%
|
1.18
+7%
|
1.72
+46%
|
1.75
+2%
|
0.56
-68%
|
0.5
-11%
|
-0.6
N/A
|
-0.92
-53%
|
-0.18
+80%
|