
Starwood Property Trust Inc
NYSE:STWD

Income Statement
Earnings Waterfall
Starwood Property Trust Inc
Revenue
|
2B
USD
|
Cost of Revenue
|
-1.5B
USD
|
Gross Profit
|
513.7m
USD
|
Operating Expenses
|
-507.5m
USD
|
Operating Income
|
6.2m
USD
|
Other Expenses
|
346.5m
USD
|
Net Income
|
352.7m
USD
|
Income Statement
Starwood Property Trust Inc
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 |
703
N/A
|
710
+1%
|
718
+1%
|
728
+1%
|
736
+1%
|
753
+2%
|
774
+3%
|
786
+2%
|
785
0%
|
788
+0%
|
800
+1%
|
822
+3%
|
880
+7%
|
942
+7%
|
1 000
+6%
|
1 059
+6%
|
1 109
+5%
|
1 159
+4%
|
1 201
+4%
|
1 203
+0%
|
1 196
-1%
|
1 199
+0%
|
1 153
-4%
|
1 132
-2%
|
1 136
+0%
|
1 111
-2%
|
1 136
+2%
|
1 171
+3%
|
1 177
+0%
|
1 417
+20%
|
2 287
+61%
|
2 493
+9%
|
2 220
-11%
|
2 724
+23%
|
2 303
-15%
|
2 333
+1%
|
2 341
+0%
|
2 374
+1%
|
2 135
-10%
|
2 091
-2%
|
1 988
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(279)
|
(292)
|
(306)
|
(320)
|
(327)
|
(330)
|
(335)
|
(343)
|
(348)
|
(357)
|
(372)
|
(392)
|
(408)
|
(446)
|
(469)
|
(491)
|
(525)
|
(578)
|
(612)
|
(636)
|
(608)
|
(631)
|
(603)
|
(568)
|
(529)
|
(528)
|
(543)
|
(563)
|
(593)
|
(652)
|
(880)
|
(990)
|
(934)
|
(1 328)
|
(1 356)
|
(1 502)
|
(1 560)
|
(1 605)
|
(1 585)
|
(1 555)
|
(1 475)
|
|
Gross Profit |
424
N/A
|
418
-1%
|
412
-1%
|
409
-1%
|
409
0%
|
422
+3%
|
439
+4%
|
443
+1%
|
436
-2%
|
431
-1%
|
428
-1%
|
430
+0%
|
472
+10%
|
496
+5%
|
531
+7%
|
568
+7%
|
584
+3%
|
581
-1%
|
589
+1%
|
568
-4%
|
589
+4%
|
568
-4%
|
550
-3%
|
564
+2%
|
607
+8%
|
583
-4%
|
593
+2%
|
608
+2%
|
583
-4%
|
765
+31%
|
1 408
+84%
|
1 503
+7%
|
1 286
-14%
|
1 396
+9%
|
947
-32%
|
831
-12%
|
782
-6%
|
769
-2%
|
550
-29%
|
535
-3%
|
514
-4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(201)
|
(190)
|
(187)
|
(178)
|
(196)
|
(217)
|
(239)
|
(280)
|
(289)
|
(299)
|
(302)
|
(294)
|
(323)
|
(334)
|
(390)
|
(407)
|
(444)
|
(430)
|
(399)
|
(402)
|
(420)
|
(445)
|
(441)
|
(431)
|
(432)
|
(365)
|
(355)
|
(358)
|
(394)
|
(346)
|
(399)
|
(392)
|
(336)
|
(427)
|
(477)
|
(515)
|
(538)
|
(517)
|
(444)
|
(458)
|
(507)
|
|
Selling, General & Administrative |
(174)
|
(164)
|
(162)
|
(153)
|
(166)
|
(175)
|
(183)
|
(212)
|
(218)
|
(224)
|
(228)
|
(215)
|
(234)
|
(234)
|
(247)
|
(252)
|
(276)
|
(266)
|
(266)
|
(276)
|
(298)
|
(280)
|
(274)
|
(272)
|
(294)
|
(276)
|
(290)
|
(291)
|
(302)
|
(269)
|
(302)
|
(290)
|
(238)
|
(273)
|
(219)
|
(220)
|
(243)
|
(232)
|
(241)
|
(243)
|
(267)
|
|
Depreciation & Amortization |
(17)
|
(16)
|
(17)
|
(21)
|
(29)
|
(44)
|
(57)
|
(65)
|
(67)
|
(70)
|
(73)
|
(81)
|
(94)
|
(103)
|
(118)
|
(130)
|
(133)
|
(130)
|
(122)
|
(116)
|
(113)
|
(108)
|
(103)
|
(98)
|
(94)
|
(93)
|
(92)
|
(90)
|
(83)
|
(72)
|
(74)
|
(64)
|
(49)
|
(62)
|
(50)
|
(50)
|
(49)
|
(47)
|
(44)
|
(42)
|
(41)
|
|
Other Operating Expenses |
(11)
|
(10)
|
(9)
|
(4)
|
(0)
|
1
|
2
|
(3)
|
(5)
|
(5)
|
(0)
|
2
|
5
|
3
|
(25)
|
(26)
|
(35)
|
(35)
|
(12)
|
(11)
|
(8)
|
(57)
|
(64)
|
(60)
|
(44)
|
4
|
27
|
24
|
(9)
|
(5)
|
(23)
|
(38)
|
(48)
|
(92)
|
(208)
|
(246)
|
(246)
|
(238)
|
(159)
|
(173)
|
(199)
|
|
Operating Income |
223
N/A
|
228
+2%
|
225
-1%
|
231
+3%
|
213
-8%
|
205
-4%
|
200
-2%
|
163
-18%
|
147
-10%
|
132
-10%
|
126
-4%
|
135
+7%
|
149
+10%
|
161
+8%
|
140
-13%
|
161
+14%
|
141
-12%
|
151
+7%
|
190
+26%
|
166
-13%
|
169
+2%
|
123
-27%
|
109
-11%
|
133
+22%
|
175
+32%
|
218
+24%
|
238
+9%
|
250
+5%
|
189
-25%
|
419
+122%
|
1 009
+141%
|
1 111
+10%
|
951
-14%
|
969
+2%
|
470
-52%
|
316
-33%
|
244
-23%
|
253
+4%
|
105
-58%
|
78
-26%
|
6
-92%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
305
|
314
|
318
|
269
|
274
|
165
|
150
|
169
|
238
|
335
|
367
|
352
|
303
|
290
|
300
|
284
|
302
|
264
|
243
|
319
|
403
|
296
|
325
|
322
|
218
|
373
|
327
|
285
|
328
|
357
|
338
|
320
|
145
|
180
|
229
|
194
|
311
|
414
|
407
|
477
|
414
|
|
Non-Reccuring Items |
(6)
|
(10)
|
(14)
|
(17)
|
(19)
|
(14)
|
(12)
|
(10)
|
(22)
|
(28)
|
(26)
|
(25)
|
(11)
|
(4)
|
(5)
|
(13)
|
(15)
|
(18)
|
(20)
|
(16)
|
(21)
|
(19)
|
(19)
|
(14)
|
(7)
|
(7)
|
(5)
|
(5)
|
(9)
|
(9)
|
(9)
|
(10)
|
(5)
|
(5)
|
(28)
|
(28)
|
(127)
|
(128)
|
(104)
|
(103)
|
(4)
|
|
Total Other Income |
5
|
4
|
3
|
3
|
2
|
4
|
13
|
13
|
14
|
12
|
3
|
3
|
2
|
2
|
3
|
1
|
(1)
|
(1)
|
(2)
|
0
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(5)
|
(7)
|
(7)
|
(8)
|
(37)
|
(93)
|
(94)
|
(96)
|
(64)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
|
Pre-Tax Income |
526
N/A
|
535
+2%
|
532
-1%
|
485
-9%
|
469
-3%
|
360
-23%
|
351
-2%
|
335
-5%
|
376
+12%
|
451
+20%
|
471
+4%
|
465
-1%
|
444
-4%
|
450
+1%
|
438
-3%
|
433
-1%
|
427
-1%
|
396
-7%
|
411
+4%
|
468
+14%
|
550
+18%
|
400
-27%
|
416
+4%
|
441
+6%
|
386
-12%
|
584
+51%
|
555
-5%
|
524
-6%
|
501
-4%
|
758
+51%
|
1 301
+72%
|
1 328
+2%
|
998
-25%
|
1 049
+5%
|
606
-42%
|
471
-22%
|
417
-11%
|
528
+26%
|
398
-25%
|
440
+11%
|
406
-8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(24)
|
(35)
|
(34)
|
(38)
|
(17)
|
(1)
|
2
|
7
|
(8)
|
(7)
|
(16)
|
(23)
|
(21)
|
(25)
|
(19)
|
(17)
|
(15)
|
(13)
|
(13)
|
(9)
|
(13)
|
(6)
|
(1)
|
(12)
|
(20)
|
(29)
|
(27)
|
(20)
|
(9)
|
(4)
|
(7)
|
49
|
62
|
70
|
69
|
32
|
1
|
(9)
|
(24)
|
(46)
|
(25)
|
|
Income from Continuing Operations |
502
|
501
|
498
|
447
|
452
|
358
|
353
|
342
|
368
|
444
|
455
|
442
|
423
|
425
|
419
|
416
|
411
|
383
|
398
|
459
|
537
|
394
|
415
|
429
|
366
|
555
|
528
|
504
|
492
|
754
|
1 294
|
1 377
|
1 059
|
1 119
|
675
|
503
|
418
|
518
|
374
|
394
|
381
|
|
Income to Minority Interest |
(6)
|
(6)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(3)
|
(3)
|
(8)
|
(12)
|
(12)
|
(17)
|
(19)
|
(19)
|
(25)
|
(27)
|
(24)
|
(29)
|
(27)
|
(22)
|
(30)
|
(33)
|
(34)
|
(45)
|
(42)
|
(41)
|
(45)
|
(93)
|
(212)
|
(230)
|
(188)
|
(195)
|
(120)
|
(94)
|
(79)
|
(77)
|
(23)
|
(15)
|
(21)
|
|
Net Income (Common) |
490
N/A
|
490
+0%
|
489
0%
|
442
-10%
|
447
+1%
|
354
-21%
|
349
-1%
|
338
-3%
|
363
+7%
|
439
+21%
|
444
+1%
|
427
-4%
|
398
-7%
|
395
-1%
|
387
-2%
|
383
-1%
|
382
0%
|
353
-8%
|
371
+5%
|
426
+15%
|
506
+19%
|
368
-27%
|
381
+4%
|
392
+3%
|
327
-17%
|
504
+54%
|
479
-5%
|
456
-5%
|
441
-3%
|
647
+47%
|
1 057
+63%
|
1 122
+6%
|
854
-24%
|
905
+6%
|
548
-40%
|
402
-27%
|
333
-17%
|
434
+30%
|
344
-21%
|
372
+8%
|
353
-5%
|
|
EPS (Diluted) |
2.08
N/A
|
2.11
+1%
|
2.04
-3%
|
1.85
-9%
|
1.91
+3%
|
1.49
-22%
|
1.47
-1%
|
1.42
-3%
|
1.5
+6%
|
1.67
+11%
|
1.69
+1%
|
1.62
-4%
|
1.51
-7%
|
1.5
-1%
|
1.34
-11%
|
1.44
+7%
|
1.32
-8%
|
1.29
-2%
|
1.28
-1%
|
1.47
+15%
|
1.74
+18%
|
1.3
-25%
|
1.28
-2%
|
1.34
+5%
|
1.16
-13%
|
1.71
+47%
|
1.62
-5%
|
1.54
-5%
|
1.48
-4%
|
2.05
+39%
|
3.34
+63%
|
3.54
+6%
|
2.7
-24%
|
2.9
+7%
|
1.76
-39%
|
1.29
-27%
|
1.07
-17%
|
1.39
+30%
|
1.1
-21%
|
1.18
+7%
|
1.1
-7%
|