Agree Realty
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Agree Realty's past years’ income statements indicate that its last revenue has increased compared to the previous period by 16% to $537,495,000. The net income raised on $169,959,000 and profit margin reached 32%. Total operating expenses were $216,391,000.
Profit Margin
| 2014 | 53.55M | 18.48M | 34.52% |
|---|---|---|---|
| 2015 | 69.96M | 39.01M | 55.77% |
| 2016 | 91.52M | 45.11M | 49.29% |
| 2017 | 116.55M | 58.11M | 49.86% |
| 2018 | 148.19M | 58.17M | 39.25% |
| 2019 | 187.47M | 80.08M | 42.71% |
| 2020 | 248.56M | 91.38M | 36.76% |
| 2021 | 363.60M | 122.27M | 33.63% |
| 2022 | 463.15M | 152.43M | 32.91% |
| 2023 | 537.49M | 169.95M | 31.62% |
ADC-PA Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 537.49M | 463.15M | 363.60M | 248.56M | 187.47M | 148.19M | 116.55M | 91.52M | 69.96M | 53.55M |
Cost of revenue | 239.66M | 85.61M | 65.34M | 31.75M | 23.51M | 17.01M | 12.46M | 8.59M | 6.37M | 4.91M |
Gross profit | 297.82M | 377.53M | 298.26M | 216.81M | 163.96M | 131.18M | 104.08M | 82.93M | 63.58M | 48.64M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 216.39M | 163.69M | 121.18M | 87.55M | 61.26M | 55.86M | 41.70M | 31.42M | 23.47M | 17.73M |
Operating income | 254.38M | 218.08M | 190.26M | 125.12M | 101.08M | 73.00M | 62.38M | 51.50M | 40.11M | 27.89M |
Other income (expenses), net | -80.93M | -62.19M | -64.99M | -40.07M | -19.78M | 8.86M | -3.37M | 9.63M | -351K | -9.11M |
Income before tax | 173.45M | 155.89M | 125.27M | 93.05M | 81.30M | 59.31M | 58.79M | 45.79M | 39.76M | 18.77M |
Income tax expense | 2.91M | 2.86M | 2.40M | 1.08M | 538K | 516K | 4.62M | 6.39M | 1.09M | 8.87M |
Net income | 169.95M | 152.43M | 122.27M | 91.38M | 80.08M | 58.17M | 58.11M | 45.11M | 39.01M | 18.48M |
Earnings per share | ||||||||||
Basic EPS | 1.7 | 1.84 | 1.79 | 1.76 | 1.96 | 1.81 | 2.09 | 1.97 | 2.17 | 1.24 |
Diluted EPS | 1.7 | 1.83 | 1.78 | 1.74 | 1.93 | 1.8 | 2.08 | 1.97 | 2.16 | 1.24 |
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