First Industrial Realty Trust, Inc. Financial Statements — FR

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	385	321	303	305	318	347	366	378	396	404	426	448	476	540	614
+ Sales & Services Revenue	385	321	303	305	318	347	366	378	396	404	426	448	476	540	614
- Cost of Revenue	164	107	101	97	104	114	115	112	113	117	117	119	131	144	166
+ Cost of Goods & Services	164	107	101	97	104	114	115	112	113	117	117	119	131	144	166
Gross Profit	221	214	201	208	215	232	251	266	283	287	309	329	345	396	448
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	170	153	136	136	130	135	139	144	144	144	150	162	166	182	204
+ Selling, General & Admin	38	27	21	25	23	23	25	27	28	28	29	33	35	34	37
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	4
+ Other Operating Expense	132	127	115	111	107	112	114	117	116	116	121	130	131	147	163
Operating Income (Loss)	51	61	66	72	85	97	112	122	138	143	160	166	179	214	245
- Non-Operating (Income) Loss	90	230	100	93	80	77	35	-5	-71	-25	-71	-32	-103	-76	-18
+ Interest Expense, Net	112	102	96	81	71	70	67	59	57	51	50	51	44	49	74
+ Interest Expense	115	106	100	84	74	72	67	59	57	51	50	51	44	49	74
- Interest Income	3	4	4	3	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-22	128	3	13	9	7	-32	-64	-128	-75	-122	-83	-147	-125	-92
Pretax Income	-39	-169	-34	-21	5	20	77	127	209	168	231	198	282	290	262
- Income Tax Expense (Benefit)	-25	3	- -	6	- -	- -	- -	1	1	- -	3	2	5	23	9
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-20	-171	-34	-25	5	23	77	126	208	167	244	200	277	382	286
- Net Extraordinary Losses (Gains)	-28	13	-28	-25	-34	-24	6	9	14	8	10	8	12	45	22
+ Discontinued Operations	25	-51	24	19	37	28	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-52	63	-51	-44	-71	-52	6	9	14	8	10	8	12	45	22
Income (Loss) Incl. MI	7	-184	-6	- -	39	47	71	117	195	159	234	192	265	337	264
- Minority Interest	2	19	2	1	-1	-2	-3	-4	-7	-4	-5	-4	-6	-22	-11
Net Income, GAAP	6	-203	-7	-1	40	49	74	121	201	163	239	196	271	359	275
- Preferred Dividends	20	20	20	19	9	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-14	-222	-27	-20	32	48	74	121	201	163	239	196	271	359	275
Basic Weighted Avg Shares	49	63	81	91	107	110	110	115	118	124	126	128	130	132	132
Basic EPS, GAAP	-0.28	-3.53	-0.34	-0.22	0.3	0.44	0.67	1.05	1.7	1.32	1.89	1.53	2.09	2.72	2.08
Basic EPS from Cont Ops	-0.42	-2.72	-0.42	-0.27	0.05	0.21	0.7	1.09	1.76	1.35	1.93	1.57	2.14	2.89	2.16
Diluted Weighted Avg Shares	49	63	81	91	107	110	111	115	119	124	127	128	130	132	132
Diluted EPS, GAAP	-0.28	-3.53	-0.34	-0.22	0.3	0.44	0.67	1.05	1.7	1.31	1.88	1.53	2.09	2.72	2.08
Diluted EPS from Cont Ops	-0.42	-2.72	-0.42	-0.27	0.05	0.21	0.69	1.09	1.75	1.35	1.93	1.56	2.14	2.89	2.16
EBITDA	216	206	198	207	210	221	233	246	262	264	287	304	318	366	409
EBITDA Margin (%)	56.1	64.21	65.36	68.06	65.9	63.62	63.78	64.98	66.04	65.48	67.31	67.88	66.87	67.84	66.63
EBITA	51	61	66	72	85	97	112	122	138	143	160	166	179	214	245
EBIT	51	61	66	72	85	97	112	122	138	143	160	166	179	214	245
Gross Margin (%)	57.36	66.75	66.54	68.3	67.43	66.98	68.67	70.29	71.37	71.07	72.63	73.4	72.43	73.39	73.02
Operating Margin (%)	13.23	18.93	21.64	23.67	26.68	27.95	30.62	32.2	34.93	35.37	37.47	37.13	37.67	39.63	39.84
Profit Margin (%)	1.49	-63.24	-2.46	-0.43	12.66	14.16	20.17	32.07	50.82	40.41	56.05	43.74	56.9	66.52	44.76
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.68	0.31	0.19	0.25	0.35	0.42	0.51	0.72	0.85	0.89	0.93	1	1.08	1.18	1.28
Depreciation Expense	165	145	132	135	125	124	121	124	123	122	127	138	139	152	165

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	185	29	155	71	70	77	97	96	122	127	239	306	163	275	199
+ Cash, Cash Equivalents & STI	183	26	10	5	8	10	4	10	21	43	21	162	59	133	44
+ Cash & Cash Equivalents	183	26	10	5	8	10	4	10	21	43	21	162	59	133	44
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	2	3	53	59	62	65	68	72	75	76	86	90	104	130	155
+ Accounts Receivable, Net	2	3	53	59	62	65	68	72	75	76	86	90	104	130	155
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	92	7	- -	- -	3	2	- -	- -	- -	16	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	92	7	- -	- -	3	2	- -	- -	- -	16	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	2	23	12	25	7	132	38	- -	12	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3,019	2,721	2,512	2,538	2,528	2,505	2,612	2,697	2,819	3,016	3,280	3,486	4,016	4,679	4,977
+ Property, Plant & Equip, Net	2,725	2,501	2,425	- -	- -	- -	- -	- -	- -	- -	25	25	25	25	24
+ Property, Plant & Equip	3,320	3,011	3,084	- -	- -	- -	- -	- -	- -	- -	25	25	25	25	24
- Accumulated Depreciation	595	510	659	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	9	2	2	1	1	- -	- -	- -	- -	23	18	46	36	9	45
+ LT Investments	9	2	2	1	1	- -	- -	- -	- -	23	18	46	36	9	45
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	286	217	85	2,537	2,527	2,505	2,612	2,697	2,819	2,993	3,237	3,415	3,956	4,646	4,908
+ Total Intangible Assets	60	40	38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	60	40	38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	225	177	47	2,537	2,527	2,505	2,612	2,697	2,819	2,993	3,237	3,415	3,956	4,646	4,908
Total Assets	3,205	2,750	2,667	2,609	2,598	2,582	2,710	2,793	2,941	3,143	3,519	3,792	4,179	4,954	5,176
+ Payables & Accruals	81	67	71	81	86	92	109	108	114	108	145	154	190	235	188
+ Accounts Payable	81	- -	71	81	75	80	94	84	87	79	115	120	153	194	143
+ Accrued Taxes

First Industrial Realty Trust, Inc.

Income Statement

Balance Sheet