Starwood Property Trust Financials

$879.9 M

Revenue FY, 2017

$5.5 B

Mkt cap, 20-Apr-2018
Net income (FY, 2017)412.8 M
Cash, 31-Dec-2017369.4 M

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

565.7 m702.9 m735.9 m784.7 m879.9 m

Revenue growth, %

24%5%7%

Sales and marketing expense

117.5 m122.7 m

General and administrative expense

152.9 m129.6 m

Operating expense total

270.4 m735.2 m

Depreciation and amortization

93.6 m

EBIT

134 m198.9 m172.9 m

EBIT margin, %

24%28%23%

Interest expense

118.3 m161.1 m202.6 m230.8 m295.7 m

Pre tax profit

526.2 m469.4 m376 m444.3 m

Income tax expense

(24.1 m)(24.1 m)(17.2 m)(8.3 m)(31.5 m)

Net Income

310.3 m500.5 m452.2 m367.7 m412.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

155.5 m172 m170.8 m181.4 m172 m170.8 m192.1 m195.5 m200 m204.7 m198.7 m211.6 m226.8 m

Sales and marketing expense

24.2 m27.8 m25.1 m24.9 m27.8 m25.1 m28.1 m25 m23.8 m27.8 m24.4 m24.6 m

General and administrative expense

48.3 m46.1 m43.1 m47.6 m46.1 m43.1 m38.7 m32.8 m35.4 m51.5 m30.4 m32.5 m

Operating expense total

123.3 m119 m117.7 m120.4 m119 m117.7 m128.1 m146.3 m156.7 m175.3 m164.9 m171.5 m188.2 m

Interest expense

36.7 m37.8 m37.7 m39.7 m37.8 m37.7 m50.7 m56.5 m57.6 m59.1 m65.9 m71.3 m76.4 m

Pre tax profit

128.1 m124.7 m171.2 m128.1 m124.7 m124.8 m27.1 m112.8 m108.5 m101.9 m132.7 m102.6 m

Income tax expense

13.7 m(5.6 m)(4.3 m)(3.8 m)(5.6 m)(4.3 m)(7.7 m)(94 k)(706 k)(2.7 m)983 k(9.5 m)(9.8 m)

Net Income

91.6 m120.9 m120.4 m167.4 m120.9 m120.4 m117.1 m27 m112.1 m105.8 m102.9 m123.2 m92.8 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

317.6 m255.2 m368.8 m615.5 m369.4 m

Accounts Receivable

37.6 m40.1 m34.3 m1.8 m

Inventories

Goodwill

140.4 m140.4 m140.4 m140.4 m140.4 m

Total Assets

111 b116 b85.7 b77.3 b62.9 b

Accounts Payable

13.2 m

Dividends Payable

90.2 m108.2 m114.9 m125.1 m125.9 m

Short-term debt

Long-term debt

Total Liabilities

72.7 b58.4 b

Additional Paid-in Capital

4.3 b3.8 b4.2 b4.7 b4.7 b

Retained Earnings

(84.7 m)(9.4 m)(12.3 m)(115.6 m)(217.3 m)

Total Equity

4.3 b3.9 b4.2 b4.6 b4.6 b

Financial Leverage

25.7 x29.9 x20.6 x16.9 x13.7 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

536.8 m226.5 m518.6 m327.3 m360.7 m446.5 m372.8 m335.2 m404.8 m501.6 m222.5 m261.9 m413.8 m

Goodwill

107.1 m140.4 m140.4 m140.4 m140.4 m140.4 m140.4 m140.4 m140.4 m140.4 m140.4 m140.4 m140.4 m

Total Assets

104 b125 b121 b117 b112 b102 b91.8 b94.4 b89.4 b82.9 b70.5 b64.5 b62.7 b

Dividends Payable

90.1 m95.4 m108 m108.1 m108.4 m115.6 m115.2 m114.8 m115 m115.2 m126 m126.2 m

Total Liabilities

99.8 b122 b118 b113 b108 b97.4 b87.6 b90.3 b85.3 b78.8 b65.9 b60 b58.2 b

Additional Paid-in Capital

4.3 b3.2 b3.8 b3.8 b3.8 b4.2 b4.2 b4.2 b4.2 b4.2 b4.7 b4.7 b4.7 b

Retained Earnings

(85.3 m)(59.5 m)(49.7 m)7.3 m2.6 m4.1 m5.8 m(100.2 m)(103.4 m)(112.3 m)(138.7 m)(146.9 m)(184.1 m)

Total Equity

4.3 b3.2 b3.8 b3.9 b3.9 b4.2 b4.2 b4.1 b4.1 b4.1 b4.5 b4.6 b4.5 b

Financial Leverage

24.1 x38.9 x31.7 x30.3 x28.9 x24.2 x21.9 x23.1 x21.8 x20.2 x15.5 x14.2 x13.8 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

310.3 m500.5 m452.2 m367.7 m

Depreciation and Amortization

15.8 m16.6 m29 m66.8 m

Accounts Receivable

34.3 m

Cash From Operating Activities

326.3 m220.7 m118.1 m556.6 m

Purchases of PP&E

(959.7 m)(378.8 m)(720.7 m)

Cash From Investing Activities

(2.8 b)(1.7 b)(812.8 m)

Cash From Financing Activities

2.6 b1.4 b505.5 m

Interest Paid

79.2 m131.9 m185.1 m

Income Taxes Paid

43.1 m34.6 m9.7 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Net Income

91.6 m120.9 m120.4 m167.4 m120.9 m120.4 m117.1 m27 m112.1 m105.8 m102.9 m92.8 m

Depreciation and Amortization

5 m4.6 m5.2 m3 m4.6 m5.2 m7.2 m18.8 m19.1 m15.4 m22.2 m

Accounts Receivable

37.5 m35.1 m39.1 m38.4 m36 m36 m30 m26.7 m32.8 m

Ratios

USDY, 2017

Revenue/Employee

2.6 m

Financial Leverage

13.7 x
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