
COPT Defense Properties
NYSE:CDP

Income Statement
Earnings Waterfall
COPT Defense Properties
Revenue
|
753.3m
USD
|
Cost of Revenue
|
-331.1m
USD
|
Gross Profit
|
422.2m
USD
|
Operating Expenses
|
-208.8m
USD
|
Operating Income
|
213.3m
USD
|
Other Expenses
|
-74.9m
USD
|
Net Income
|
138.4m
USD
|
Income Statement
COPT Defense Properties
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 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
587
N/A
|
601
+2%
|
631
+5%
|
629
0%
|
626
-1%
|
609
-3%
|
584
-4%
|
576
-1%
|
574
0%
|
570
-1%
|
575
+1%
|
590
+3%
|
613
+4%
|
629
+3%
|
624
-1%
|
604
-3%
|
578
-4%
|
572
-1%
|
600
+5%
|
622
+4%
|
612
-2%
|
609
-1%
|
578
-5%
|
574
-1%
|
582
+1%
|
591
+1%
|
603
+2%
|
616
+2%
|
664
+8%
|
706
+6%
|
734
+4%
|
750
+2%
|
739
-1%
|
711
-4%
|
694
-2%
|
680
-2%
|
685
+1%
|
711
+4%
|
729
+3%
|
750
+3%
|
753
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(280)
|
(300)
|
(321)
|
(309)
|
(297)
|
(272)
|
(244)
|
(239)
|
(243)
|
(241)
|
(253)
|
(268)
|
(291)
|
(307)
|
(302)
|
(285)
|
(259)
|
(248)
|
(270)
|
(289)
|
(294)
|
(291)
|
(264)
|
(257)
|
(256)
|
(261)
|
(269)
|
(278)
|
(313)
|
(353)
|
(379)
|
(390)
|
(373)
|
(338)
|
(317)
|
(299)
|
(298)
|
(315)
|
(323)
|
(335)
|
(331)
|
|
Gross Profit |
307
N/A
|
301
-2%
|
311
+3%
|
320
+3%
|
328
+3%
|
337
+3%
|
341
+1%
|
337
-1%
|
331
-2%
|
328
-1%
|
323
-2%
|
323
+0%
|
322
0%
|
322
0%
|
322
0%
|
320
-1%
|
319
0%
|
324
+2%
|
330
+2%
|
333
+1%
|
318
-4%
|
318
0%
|
314
-1%
|
317
+1%
|
327
+3%
|
330
+1%
|
335
+1%
|
338
+1%
|
351
+4%
|
352
+0%
|
356
+1%
|
360
+1%
|
366
+2%
|
373
+2%
|
377
+1%
|
382
+1%
|
387
+1%
|
395
+2%
|
406
+3%
|
415
+2%
|
422
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(174)
|
(163)
|
(167)
|
(179)
|
(185)
|
(192)
|
(191)
|
(182)
|
(178)
|
(272)
|
(171)
|
(171)
|
(171)
|
(186)
|
(170)
|
(170)
|
(172)
|
(177)
|
(181)
|
(179)
|
(166)
|
(163)
|
(161)
|
(161)
|
(167)
|
(170)
|
(173)
|
(173)
|
(183)
|
(182)
|
(181)
|
(181)
|
(185)
|
(189)
|
(194)
|
(198)
|
(199)
|
(455)
|
(457)
|
(206)
|
(209)
|
|
Selling, General & Administrative |
(32)
|
(32)
|
(32)
|
(32)
|
(31)
|
(35)
|
(36)
|
(37)
|
(37)
|
(33)
|
(33)
|
(32)
|
(31)
|
(30)
|
(29)
|
(29)
|
(29)
|
(31)
|
(33)
|
(34)
|
(37)
|
(36)
|
(35)
|
(35)
|
(36)
|
(37)
|
(39)
|
(41)
|
(40)
|
(40)
|
(40)
|
(39)
|
(40)
|
(42)
|
(45)
|
(47)
|
(50)
|
(51)
|
(53)
|
(54)
|
(55)
|
|
Research & Development |
(6)
|
(7)
|
(8)
|
(13)
|
(14)
|
(13)
|
(13)
|
(9)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
0
|
(4)
|
(3)
|
(4)
|
(5)
|
0
|
0
|
|
Depreciation & Amortization |
(136)
|
(124)
|
(127)
|
(135)
|
(140)
|
(143)
|
(142)
|
(136)
|
(133)
|
(131)
|
(131)
|
(133)
|
(134)
|
(135)
|
(135)
|
(135)
|
(137)
|
(139)
|
(140)
|
(141)
|
(125)
|
(123)
|
(122)
|
(122)
|
(127)
|
(128)
|
(130)
|
(128)
|
(138)
|
(137)
|
(137)
|
(139)
|
(141)
|
(144)
|
(147)
|
(149)
|
(149)
|
(150)
|
(151)
|
(152)
|
(154)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(100)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
3
|
(249)
|
(248)
|
0
|
0
|
|
Operating Income |
133
N/A
|
138
+4%
|
144
+4%
|
141
-2%
|
143
+2%
|
146
+2%
|
150
+3%
|
155
+3%
|
154
-1%
|
56
-63%
|
152
+170%
|
151
0%
|
151
0%
|
136
-10%
|
151
+12%
|
150
-1%
|
147
-2%
|
147
N/A
|
150
+2%
|
153
+2%
|
152
-1%
|
154
+2%
|
153
-1%
|
155
+1%
|
160
+3%
|
160
N/A
|
162
+1%
|
165
+2%
|
169
+2%
|
171
+1%
|
175
+3%
|
179
+2%
|
181
+1%
|
184
+1%
|
183
0%
|
184
+0%
|
188
+2%
|
(59)
N/A
|
(51)
+14%
|
209
N/A
|
213
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(87)
|
(87)
|
(86)
|
(86)
|
(85)
|
(87)
|
(88)
|
(81)
|
(76)
|
(71)
|
(67)
|
(68)
|
(69)
|
(69)
|
(69)
|
(69)
|
(68)
|
(67)
|
(66)
|
(64)
|
(62)
|
(61)
|
(59)
|
(112)
|
(111)
|
(111)
|
(110)
|
(56)
|
(56)
|
(53)
|
(52)
|
(51)
|
(50)
|
(53)
|
(54)
|
(57)
|
(59)
|
(61)
|
(65)
|
(66)
|
(69)
|
|
Non-Reccuring Items |
(11)
|
(11)
|
(11)
|
73
|
62
|
60
|
(9)
|
(120)
|
(103)
|
0
|
(33)
|
(5)
|
(16)
|
0
|
(14)
|
(14)
|
(3)
|
0
|
0
|
(3)
|
(0)
|
0
|
0
|
(5)
|
21
|
(13)
|
(38)
|
(34)
|
(101)
|
(68)
|
(43)
|
(41)
|
(1)
|
(0)
|
(0)
|
(253)
|
(253)
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
2
|
2
|
87
|
87
|
105
|
105
|
21
|
21
|
30
|
30
|
70
|
70
|
66
|
66
|
26
|
26
|
19
|
69
|
69
|
69
|
49
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
10
|
10
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
1
|
3
|
3
|
2
|
1
|
1
|
1
|
(2)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
35
N/A
|
40
+15%
|
48
+19%
|
128
+169%
|
121
-6%
|
118
-2%
|
53
-55%
|
(47)
N/A
|
(25)
+46%
|
(15)
+41%
|
53
N/A
|
79
+50%
|
76
-3%
|
76
+0%
|
79
+3%
|
77
-2%
|
78
+1%
|
82
+5%
|
170
+108%
|
173
+2%
|
195
+13%
|
198
+2%
|
114
-42%
|
60
-48%
|
101
+69%
|
69
-32%
|
87
+26%
|
146
+69%
|
78
-46%
|
117
+49%
|
107
-8%
|
111
+4%
|
150
+35%
|
199
+33%
|
197
-1%
|
(56)
N/A
|
(74)
-31%
|
(120)
-63%
|
(116)
+4%
|
143
N/A
|
144
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
35
|
40
|
47
|
128
|
121
|
118
|
53
|
(46)
|
(25)
|
(15)
|
52
|
78
|
75
|
75
|
77
|
77
|
79
|
82
|
171
|
174
|
195
|
199
|
114
|
60
|
101
|
68
|
86
|
146
|
78
|
116
|
107
|
111
|
149
|
198
|
196
|
(57)
|
(74)
|
(121)
|
(116)
|
142
|
144
|
|
Income to Minority Interest |
(5)
|
(5)
|
(6)
|
(8)
|
(11)
|
(11)
|
(8)
|
(6)
|
(4)
|
(5)
|
(7)
|
(7)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(5)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
0
|
1
|
1
|
1
|
(5)
|
(5)
|
|
Net Income (Common) |
22
N/A
|
32
+43%
|
46
+45%
|
113
+145%
|
163
+44%
|
161
-1%
|
94
-42%
|
31
-67%
|
(3)
N/A
|
11
N/A
|
70
+523%
|
67
-4%
|
55
-17%
|
55
-1%
|
66
+22%
|
64
-3%
|
72
+11%
|
76
+5%
|
163
+115%
|
165
+2%
|
191
+16%
|
194
+2%
|
111
-43%
|
58
-48%
|
97
+67%
|
66
-32%
|
85
+29%
|
144
+69%
|
76
-47%
|
142
+87%
|
132
-7%
|
136
+3%
|
172
+27%
|
192
+11%
|
190
-1%
|
(58)
N/A
|
(75)
-28%
|
(121)
-62%
|
(116)
+4%
|
137
N/A
|
138
+1%
|
|
EPS (Diluted) |
0.25
N/A
|
0.33
+32%
|
0.46
+39%
|
1.19
+159%
|
1.67
+40%
|
1.69
+1%
|
0.99
-41%
|
0.33
-67%
|
-0.03
N/A
|
0.11
N/A
|
0.7
+536%
|
0.69
-1%
|
0.56
-19%
|
0.53
-5%
|
0.67
+26%
|
0.61
-9%
|
0.69
+13%
|
0.67
-3%
|
1.45
+116%
|
1.49
+3%
|
1.71
+15%
|
1.73
+1%
|
0.99
-43%
|
0.51
-48%
|
0.85
+67%
|
0.59
-31%
|
0.74
+25%
|
1.28
+73%
|
0.67
-48%
|
1.26
+88%
|
1.17
-7%
|
1.2
+3%
|
1.53
+28%
|
1.71
+12%
|
1.69
-1%
|
-0.52
N/A
|
-0.67
-29%
|
-1.08
-61%
|
-1.04
+4%
|
1.22
N/A
|
1.23
+1%
|