Starwood Property Trust, Inc. (STWD)

Starwood Property Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	1,841	1,881	1,284	845.46	806.36	800.64
Total Interest Expense	1,407	1,436	796.86	444.5	420	512.08
Net Interest Income	433.68	444.52	486.72	400.96	386.36	288.56
Commissions and Fees	48.44	33.12	40.36	38.74	29.63	54.3
Other Revenue	125.29	136.16	140.78	285.89	300.17	341.48
Revenue Before Loan Losses	607.41	613.8	667.86	725.59	716.16	684.34
Provision for Loan Losses	170.95	243.73	46.66	8.34	43.15	7.13
Revenue	436.46	370.07	621.2	717.26	673	677.21
Revenue Growth (YoY)	16.29%	-40.43%	-13.39%	6.58%	-0.62%	1.66%
Salaries & Employee Benefits	51.55	52.95	65.09	74.42	65.73	46.24
Cost of Services Provided	339.76	314.57	313.48	377.51	340.52	352.05
Other Operating Expenses	-1.59	-1.59	-1.01	-3.58	3.72	3.64
Total Operating Expenses	431.98	415.07	426.85	531.35	504.37	515.24
Operating Income	4.48	-45	194.35	185.91	168.64	161.97
Earnings From Equity Investments	101.54	198.41	117.68	171.09	115.58	134.96
Currency Exchange Gain (Loss)	103.56	60.83	-96.96	-36.29	42.4	17.58
EBT Excluding Unusual Items	130.88	454.42	1,210	400.88	244.11	308.98
Gain (Loss) on Sale of Investments	111.44	26.5	135.41	38.6	12.7	188.86
Other Unusual Items	-1.78	-1.24	-1.19	-7.43	-3.65	-19.27
Pretax Income	440.24	417.48	997.54	501.1	386.28	550.17
Income Tax Expense	45.85	-0.68	-61.52	8.67	20.2	13.23
Earnings From Continuing Ops.	394.4	418.16	1,059	492.43	366.08	536.94
Net Income to Company	394.4	418.16	1,059	492.43	366.08	536.94
Minority Interest in Earnings	-15.14	-78.94	-187.59	-44.69	-34.39	-27.27
Net Income	379.25	339.21	871.48	447.74	331.69	509.66
Preferred Dividends & Other Adjustments	7.03	6.41	17.11	6.81	5.22	3.87
Net Income to Common	372.22	332.8	854.36	440.93	326.47	505.79
Net Income Growth	-7.11%	-61.08%	94.64%	34.99%	-34.92%	32.10%
Shares Outstanding (Basic)	314	310	306	286	282	279
Shares Outstanding (Diluted)	315	311	316	297	282	290
Shares Change (YoY)	0.87%	-1.65%	6.37%	5.08%	-2.50%	0.43%
EPS (Basic)	1.19	1.07	2.80	1.54	1.16	1.81
EPS (Diluted)	1.18	1.07	2.74	1.52	1.16	1.79
EPS Growth	-8.97%	-61.01%	79.98%	31.92%	-35.38%	26.00%
Free Cash Flow	336.5	503.51	188.52	-1,016	1,020	-44.06
Free Cash Flow Per Share	1.07	1.62	0.60	-3.42	3.61	-0.15
Dividend Per Share	1.920	1.920	1.920	1.920	1.920	1.920
Operating Margin	1.03%	-12.16%	31.29%	25.92%	25.06%	23.92%
Profit Margin	85.28%	89.93%	137.53%	61.47%	48.51%	74.69%
Free Cash Flow Margin	77.10%	136.06%	30.35%	-141.69%	151.62%	-6.51%
Effective Tax Rate	10.41%	-	-	1.73%	5.23%	2.40%
Revenue as Reported	2,015	2,050	1,465	1,170	1,136	1,196

Source: S&P Capital IQ. Financial Services template. Financial Sources.