
Vornado Realty Trust
NYSE:VNO

Income Statement
Earnings Waterfall
Vornado Realty Trust
Revenue
|
1.8B
USD
|
Cost of Revenue
|
-927.8m
USD
|
Gross Profit
|
859.9m
USD
|
Operating Expenses
|
-608.7m
USD
|
Operating Income
|
251.2m
USD
|
Other Expenses
|
-243m
USD
|
Net Income
|
8.3m
USD
|
Income Statement
Vornado Realty Trust
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 |
2 313
N/A
|
2 357
+2%
|
2 399
+2%
|
2 448
+2%
|
1 986
-19%
|
1 992
+0%
|
1 749
-12%
|
1 625
-7%
|
2 004
+23%
|
1 899
-5%
|
2 036
+7%
|
2 062
+1%
|
2 084
+1%
|
2 113
+1%
|
2 143
+1%
|
2 156
+1%
|
2 164
+0%
|
2 162
0%
|
2 083
-4%
|
2 007
-4%
|
1 925
-4%
|
1 835
-5%
|
1 715
-7%
|
1 613
-6%
|
1 528
-5%
|
1 463
-4%
|
1 499
+2%
|
1 545
+3%
|
1 589
+3%
|
1 651
+4%
|
2 168
+31%
|
2 216
+2%
|
1 800
-19%
|
3 599
+100%
|
3 176
-12%
|
3 169
0%
|
1 811
-43%
|
1 802
-1%
|
1 780
-1%
|
1 772
0%
|
1 788
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(954)
|
(972)
|
(984)
|
(1 000)
|
(825)
|
(826)
|
(740)
|
(697)
|
(845)
|
(809)
|
(868)
|
(880)
|
(887)
|
(904)
|
(924)
|
(934)
|
(964)
|
(973)
|
(958)
|
(948)
|
(918)
|
(901)
|
(855)
|
(824)
|
(789)
|
(750)
|
(767)
|
(784)
|
(797)
|
(823)
|
(1 071)
|
(1 080)
|
(874)
|
(1 763)
|
(1 547)
|
(1 559)
|
(905)
|
(903)
|
(909)
|
(912)
|
(928)
|
|
Gross Profit |
1 359
N/A
|
1 385
+2%
|
1 415
+2%
|
1 447
+2%
|
1 161
-20%
|
1 165
+0%
|
1 009
-13%
|
927
-8%
|
1 159
+25%
|
1 090
-6%
|
1 168
+7%
|
1 182
+1%
|
1 198
+1%
|
1 209
+1%
|
1 219
+1%
|
1 222
+0%
|
1 200
-2%
|
1 189
-1%
|
1 126
-5%
|
1 059
-6%
|
1 007
-5%
|
934
-7%
|
860
-8%
|
788
-8%
|
739
-6%
|
713
-3%
|
733
+3%
|
761
+4%
|
792
+4%
|
828
+5%
|
1 097
+32%
|
1 137
+4%
|
926
-19%
|
1 836
+98%
|
1 629
-11%
|
1 610
-1%
|
906
-44%
|
899
-1%
|
870
-3%
|
860
-1%
|
860
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(650)
|
(654)
|
(676)
|
(699)
|
(529)
|
(538)
|
(460)
|
(421)
|
(570)
|
(533)
|
(576)
|
(578)
|
(587)
|
(584)
|
(590)
|
(596)
|
(586)
|
(614)
|
(620)
|
(604)
|
(601)
|
(555)
|
(536)
|
(549)
|
(588)
|
(596)
|
(586)
|
(569)
|
(557)
|
(571)
|
(747)
|
(782)
|
(629)
|
(1 243)
|
(1 092)
|
(1 077)
|
(609)
|
(609)
|
(609)
|
(618)
|
(609)
|
|
Selling, General & Administrative |
(169)
|
(180)
|
(179)
|
(175)
|
(149)
|
(140)
|
(131)
|
(128)
|
(144)
|
(142)
|
(147)
|
(150)
|
(151)
|
(144)
|
(142)
|
(138)
|
(142)
|
(156)
|
(162)
|
(163)
|
(170)
|
(165)
|
(161)
|
(160)
|
(182)
|
(173)
|
(169)
|
(162)
|
(135)
|
(132)
|
(174)
|
(178)
|
(134)
|
(278)
|
(244)
|
(251)
|
(163)
|
(159)
|
(158)
|
(158)
|
(149)
|
|
Depreciation & Amortization |
(481)
|
(474)
|
(497)
|
(525)
|
(380)
|
(422)
|
(352)
|
(316)
|
(421)
|
(383)
|
(421)
|
(420)
|
(429)
|
(433)
|
(440)
|
(448)
|
(447)
|
(455)
|
(456)
|
(439)
|
(419)
|
(395)
|
(375)
|
(386)
|
(400)
|
(402)
|
(399)
|
(393)
|
(412)
|
(434)
|
(581)
|
(614)
|
(505)
|
(982)
|
(853)
|
(829)
|
(434)
|
(436)
|
(439)
|
(445)
|
(448)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
23
|
23
|
23
|
(5)
|
(8)
|
(9)
|
(8)
|
(7)
|
(7)
|
(9)
|
(11)
|
3
|
(3)
|
(3)
|
(2)
|
(12)
|
5
|
(0)
|
(3)
|
(6)
|
(21)
|
(18)
|
(14)
|
(10)
|
(5)
|
8
|
10
|
10
|
16
|
4
|
2
|
(12)
|
(13)
|
(12)
|
(16)
|
(13)
|
|
Operating Income |
708
N/A
|
732
+3%
|
739
+1%
|
748
+1%
|
632
-16%
|
627
-1%
|
550
-12%
|
506
-8%
|
589
+16%
|
557
-5%
|
591
+6%
|
604
+2%
|
611
+1%
|
625
+2%
|
629
+1%
|
627
0%
|
614
-2%
|
575
-6%
|
506
-12%
|
455
-10%
|
406
-11%
|
379
-7%
|
324
-14%
|
240
-26%
|
151
-37%
|
117
-22%
|
147
+25%
|
192
+30%
|
235
+23%
|
258
+10%
|
351
+36%
|
354
+1%
|
297
-16%
|
593
+99%
|
536
-9%
|
533
-1%
|
297
-44%
|
291
-2%
|
261
-10%
|
242
-7%
|
251
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(454)
|
(455)
|
(393)
|
(362)
|
(300)
|
(312)
|
(280)
|
(260)
|
(141)
|
(121)
|
(93)
|
(144)
|
(305)
|
(363)
|
(375)
|
(332)
|
(282)
|
(246)
|
(234)
|
(187)
|
(190)
|
(138)
|
(453)
|
(557)
|
(554)
|
(535)
|
(207)
|
(94)
|
(98)
|
(95)
|
(128)
|
(153)
|
(729)
|
(894)
|
(878)
|
(886)
|
(264)
|
(263)
|
(266)
|
(280)
|
(232)
|
|
Non-Reccuring Items |
(19)
|
(19)
|
(22)
|
(22)
|
(13)
|
(176)
|
(12)
|
(12)
|
(10)
|
155
|
(5)
|
(4)
|
(2)
|
(14)
|
(15)
|
(17)
|
(31)
|
(18)
|
2 452
|
2 453
|
2 465
|
2 465
|
64
|
65
|
(174)
|
(175)
|
(244)
|
(253)
|
(14)
|
(14)
|
(18)
|
(9)
|
(32)
|
(37)
|
(33)
|
(33)
|
(51)
|
(51)
|
(54)
|
(53)
|
(5)
|
|
Gain/Loss on Disposition of Assets |
177
|
175
|
100
|
178
|
224
|
210
|
359
|
256
|
137
|
126
|
(46)
|
(53)
|
4
|
(6)
|
(16)
|
132
|
157
|
386
|
487
|
658
|
741
|
406
|
338
|
227
|
155
|
270
|
273
|
82
|
62
|
74
|
84
|
74
|
104
|
152
|
112
|
170
|
73
|
65
|
80
|
22
|
16
|
|
Total Other Income |
20
|
20
|
15
|
10
|
8
|
1
|
6
|
10
|
9
|
18
|
16
|
19
|
12
|
19
|
15
|
12
|
2
|
4
|
7
|
6
|
15
|
(9)
|
(10)
|
(6)
|
(3)
|
18
|
21
|
17
|
12
|
6
|
(6)
|
(6)
|
(2)
|
(2)
|
8
|
9
|
8
|
5
|
4
|
7
|
13
|
|
Pre-Tax Income |
433
N/A
|
452
+5%
|
439
-3%
|
553
+26%
|
551
0%
|
351
-36%
|
623
+78%
|
499
-20%
|
585
+17%
|
735
+26%
|
464
-37%
|
422
-9%
|
320
-24%
|
262
-18%
|
239
-9%
|
422
+76%
|
460
+9%
|
700
+52%
|
3 218
+359%
|
3 384
+5%
|
3 438
+2%
|
3 103
-10%
|
264
-91%
|
(31)
N/A
|
(425)
-1 263%
|
(305)
+28%
|
(9)
+97%
|
(55)
-494%
|
197
N/A
|
229
+16%
|
282
+23%
|
260
-8%
|
(361)
N/A
|
(188)
+48%
|
(254)
-35%
|
(207)
+19%
|
62
N/A
|
47
-25%
|
25
-47%
|
(61)
N/A
|
43
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(9)
|
(10)
|
82
|
82
|
85
|
83
|
(6)
|
(8)
|
(8)
|
(7)
|
(5)
|
(2)
|
(8)
|
(7)
|
(9)
|
(10)
|
(38)
|
(66)
|
(91)
|
(113)
|
(103)
|
(87)
|
(61)
|
(61)
|
(37)
|
(26)
|
(27)
|
22
|
10
|
5
|
(3)
|
(32)
|
(22)
|
(41)
|
(35)
|
(43)
|
(29)
|
(31)
|
(32)
|
(25)
|
(23)
|
|
Income from Continuing Operations |
423
|
443
|
521
|
635
|
636
|
434
|
617
|
491
|
577
|
728
|
459
|
421
|
312
|
254
|
230
|
412
|
422
|
635
|
3 127
|
3 271
|
3 334
|
3 017
|
203
|
(93)
|
(462)
|
(330)
|
(36)
|
(33)
|
208
|
234
|
279
|
228
|
(383)
|
(229)
|
(289)
|
(249)
|
33
|
15
|
(7)
|
(86)
|
20
|
|
Income to Minority Interest |
(144)
|
(150)
|
(111)
|
(109)
|
(99)
|
(80)
|
(78)
|
(70)
|
(75)
|
(83)
|
(71)
|
(65)
|
(37)
|
(17)
|
17
|
3
|
27
|
(1)
|
(204)
|
(216)
|
(186)
|
(45)
|
171
|
196
|
165
|
36
|
(8)
|
(13)
|
(32)
|
(36)
|
(38)
|
(27)
|
36
|
34
|
48
|
54
|
73
|
76
|
87
|
94
|
50
|
|
Net Income (Common) |
783
N/A
|
806
+3%
|
895
+11%
|
962
+8%
|
680
-29%
|
481
-29%
|
536
+11%
|
403
-25%
|
824
+104%
|
985
+20%
|
881
-11%
|
786
-11%
|
162
-79%
|
96
-40%
|
92
-5%
|
312
+239%
|
385
+24%
|
584
+52%
|
2 873
+392%
|
3 005
+5%
|
3 098
+3%
|
2 921
-6%
|
323
-89%
|
54
-83%
|
(349)
N/A
|
(350)
0%
|
(104)
+70%
|
(119)
-15%
|
101
N/A
|
123
+22%
|
152
+23%
|
122
-20%
|
(409)
N/A
|
(319)
+22%
|
(349)
-10%
|
(304)
+13%
|
43
N/A
|
29
-33%
|
18
-38%
|
(54)
N/A
|
8
N/A
|
|
EPS (Diluted) |
4.14
N/A
|
4.25
+3%
|
4.71
+11%
|
5.07
+8%
|
3.58
-29%
|
2.54
-29%
|
2.76
+9%
|
2.12
-23%
|
4.32
+104%
|
5.17
+20%
|
4.62
-11%
|
4.14
-10%
|
0.84
-80%
|
0.5
-40%
|
0.47
-6%
|
1.62
+245%
|
2.01
+24%
|
3.05
+52%
|
15.03
+393%
|
15.72
+5%
|
16.21
+3%
|
15.29
-6%
|
1.7
-89%
|
0.29
-83%
|
-1.83
N/A
|
-1.82
+1%
|
-0.54
+70%
|
-0.62
-15%
|
0.53
N/A
|
0.64
+21%
|
0.79
+23%
|
0.64
-19%
|
-2.13
N/A
|
-1.66
+22%
|
-1.79
-8%
|
-1.59
+11%
|
0.23
N/A
|
0.14
-39%
|
0.09
-36%
|
-0.29
N/A
|
0.04
N/A
|