Farmland Partners (FPI) Income Statement: Revenue & Earnings

Farmland Partners Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Farmland Partners Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	58.23	57.47	61.21	51.74	50.69	53.56	56.07
Cost of Revenue	11.31	13.41	14.16	8.86	10.74	0.08	7.96
Gross Profit	46.92	44.05	47.05	42.88	39.95	48.04	48.11
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	15.73	12.55	14.88	18.36	9.70	10.07	9.68
Operating Expenses	21.42	20.20	21.97	26.02	28.36	-27.23	18.24
Operating Income	25.51	23.86	53.22	16.87	22.33	20.82	29.87
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	18.85	22.66	16.14	15.93	0.00	0.00	18.80
Other Income/Expense	35.93	30.32	3.25	9.32	-2.88	-13.54	2.97
Income
Income Before Tax	61.43	31.52	12.19	10.26	7.53	14.85	14.04
Income Tax Expense	-0.02	-0.17	0.23	0.00	0.00	0.00	0.00
Net Income	59.91	30.91	11.67	9.99	7.12	13.81	12.25
Net Income - Continuous Operations	59.91	31.68	11.96	10.26	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	85.88	61.67	35.29	24.52	33.18	43.08	41.38
EBIT	61.43	54.17	28.33	16.89	25.21	34.44	32.84
Depreciation & Amortization	5.59	7.50	6.96	7.63	7.97	8.32	0.00
Earnings Per Share
Basic EPS	1.00	1.00	-	-	-	-	-
Diluted EPS	1.00	1.00	-	-	-	-	-
Basic Shares Outstanding	47.55	50.24	50.95	34.64	29.38	30.17	32.16
Diluted Shares Outstanding	55.99	58.29	50.95	34.64	29.38	30.17	32.16