Starwood Property Trust, Inc. (STWD)

Starwood Property Trust Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	2,050	1,465	1,170	1,136	1,196
Revenue Growth (YoY)	39.95%	25.18%	2.99%	-5.04%	7.86%
Cost of Revenue	141.54	155.55	167.77	127.13	119.13
Gross Profit	1,908	1,309	1,002	1,009	1,077
Selling, General & Admin	180.21	175.5	171.3	157.87	155.11
Other Operating Expenses	340.46	144.78	204.9	259.64	246.85
Operating Expenses	520.67	320.28	376.2	417.52	401.96
Operating Income	1,388	988.89	626.12	591.51	675.32
Interest Expense / Income	1,436	797.12	445.09	419.76	508.73
Other Expense / Income	-386.94	-618.19	-275.38	-180.14	-356.3
Pretax Income	338.53	809.95	456.41	351.89	522.9
Income Tax	-0.68	-61.52	8.67	20.2	13.23
Net Income	339.21	871.48	447.74	331.69	509.66
Net Income Growth	-61.08%	94.64%	34.99%	-34.92%	32.10%
Shares Outstanding (Basic)	313	310	289	285	282
Shares Change	1.18%	7.27%	1.37%	0.98%	2.39%
EPS (Basic)	1.07	2.80	1.54	1.16	1.81
EPS (Diluted)	1.07	2.74	1.52	1.16	1.79
EPS Growth	-60.95%	80.26%	31.03%	-35.20%	26.06%
Free Cash Flow	577.08	392.22	-918.04	1,045	-44.06
Free Cash Flow Per Share	1.84	1.27	-3.18	3.67	-0.16
Dividend Per Share	1.920	1.920	1.920	1.920	1.920
Gross Margin	93.10%	89.38%	85.66%	88.81%	90.04%
Operating Margin	67.70%	67.51%	53.51%	52.06%	56.45%
Profit Margin	16.55%	59.50%	38.27%	29.19%	42.60%
Free Cash Flow Margin	28.15%	26.78%	-78.46%	91.97%	-3.68%
Effective Tax Rate	-0.20%	-7.60%	1.90%	5.74%	2.53%
EBITDA	1,829	1,661	986.09	865.8	1,145
EBITDA Margin	89.22%	113.40%	84.27%	76.20%	95.70%
Depreciation & Amortization	54.3	53.94	84.59	94.15	113.39
EBIT	1,775	1,607	901.5	771.65	1,032
EBIT Margin	86.57%	109.72%	77.05%	67.92%	86.23%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).