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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. VEREIT's Net Income for the three months ended in Sep. 2021 was $62 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was $219 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. VEREIT's Earnings per Share (Diluted) for the three months ended in Sep. 2021 was $0.25.
The historical data trend for VEREIT's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
VEREIT Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Net Income | Get a 7-Day Free Trial | -195.86 | 31.82 | -85.77 | -300.35 | 201.13 |
VEREIT Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Net Income | Get a 7-Day Free Trial | 98.87 | -40.62 | 120.65 | 77.90 | 61.57 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
VEREIT's Net Income for the fiscal year that ended in Dec. 2020 is calculated as
Net Income | (A: Dec. 2020 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 205.732 | + | -4.513 | + | 0 | + | -0.091000000000008 |
= | 201 |
VEREIT's Net Income for the quarter that ended in Sep. 2021 is calculated as
Net Income | (Q: Sep. 2021 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 62.548 | + | -0.935 | + | 0 | + | -0.048000000000002 |
= | 62 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $219 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
VEREIT (NYSE:VER) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
VEREIT's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2021 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2021 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (61.565 | - | 3.124) | / | 230.179 | |
= | 0.25 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of VEREIT's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Hogan Preusse | director | C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042 |
Julie Richardson | director | YEXT, INC., 1 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10010 |
Eugene A Pinover | director | 333 CENTRAL PARK WEST, APT 66 NEW YORK NY 10025 |
Hugh R Frater | director, other: Non-Executive Chairman | C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005 |
Glenn J Rufrano | director, officer: Chief Executive Officer | C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036 |
Gavin Brandon | officer: SVP & Chief Accounting Officer | 2325 E CAMELBACK RD, 9TH FLOOR, PHOENIX AZ 85016 |
Mark S Ordan | director | 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814 |
David Henry | director | 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042 |
Richard J Lieb | director | C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022 |
Paul H Mcdowell | officer: See Remarks | 110 MAIDEN LANE, NEW YORK NY 10005 |
Michael J. Bartolotta | officer: See Remarks | 7 VIK DRIVE, WARWICK NY 10990 |
Lauren Goldberg | officer: See Remarks | 23 W. 73RD. ST. #508 NEW YORK NY 10023 |
Thomas W Roberts | officer: See Remarks | 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX NY 85016 |
Miller William Craig Jr. | officer: See Remarks | 315 PONDFIELD ROAD BRONXVILLE NY 10708 |
Bruce D Frank | director | 405 PARK AVENUE, NEW YORK NY 10022 |
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