Income Statement DEXUS

Equities

DXS

AU000000DXS1

Commercial REITs

Delayed Australian S.E. Other stock markets 11:04:45 2025-07-16 pm EDT			5-day change	1st Jan Change
6.990 ^AUD	+1.75%		+0.87%	+4.95%

Jul. 08	Australia shares end flat after RBA stuns with steady rates	RE
Jul. 02	AMP Says to Defend Proceedings Filed by Dexus Unit Over Sale of New South Wales Shopping Center	MT

6d.AYdB2Fbui-7cYd8vzdckau3IlG4zcxMfP4DxYxExSac.bN4O7z2H0aCQCuoer-RvMLr63AUBN15eaLC0UmF6CtBw0i7vAontpYgA7w

Published financial data: DEXUS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Rental Revenues	534M	524M	465M	416M	324M
Property Management Fee	182M	174M	235M	308M	421M
Interest and Investment Income, Total (Revenue Block)	500K	1.3M	2.4M	10.7M	21.3M
Gain (Loss) on Sale of Assets, Total (Rev)	-	300K	100K	-	-
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	6.5M	-	-
Other Revenues, Total	772M	884M	1.03B	-86.8M	-428M
Total Revenues	1.49B	1.58B	1.74B	648M	338M
Property Expenses	389M	405M	281M	198M	234M
Selling General & Admin Expenses, Total	136M	143M	186M	222M	323M
Total Operating Expenses	524M	548M	467M	420M	557M
Operating Income (REIT / Utility Template)	964M	1.04B	1.27B	227M	-218M
Interest Expense, Total	-155M	-106M	19M	-169M	-202M
Net Interest Expenses	-155M	-106M	19M	-169M	-202M
Currency Exchange Gains (Loss)	-168M	115M	173M	75.6M	-14.6M
Other Non Operating Income (Expenses)	17.6M	-152M	-256M	-79.4M	26.7M
EBT, Excl. Unusual Items	658M	893M	1.21B	54.8M	-409M
Total Merger & Related Restructuring Charges	-	-	-8.7M	-81.3M	-84.6M
Impairment of Goodwill	-3M	-	-	-	-
Gain (Loss) on Sale of Investments	-12.2M	-	-900K	-31.5M	-303M
Gain (Loss) on Sale of Assets	-400K	-	-	-	-
Asset Writedown	381M	274M	435M	-684M	-797M
Other Unusual Items	-	13.2M	-	-	-
EBT, Incl. Unusual Items	1.02B	1.18B	1.63B	-742M	-1.59B
Income Tax Expense	40.9M	41.3M	15.2M	11.2M	-9.7M
Earnings From Continuing Operations	983M	1.14B	1.62B	-753M	-1.58B
Net Income to Company	983M	1.14B	1.62B	-753M	-1.58B
Net Income - (IS)	983M	1.14B	1.62B	-753M	-1.58B
Net Income to Common Incl Extra Items	983M	1.14B	1.62B	-753M	-1.58B
Net Income to Common Excl. Extra Items	983M	1.14B	1.62B	-753M	-1.58B
Per Share Items
Net EPS - Basic	0.9	1.05	1.5	-0.7	-1.47
Basic EPS - Continuing Operations	0.9	1.05	1.5	-0.7	-1.47
Basic Weighted Average Shares Outstanding	1.1B	1.08B	1.08B	1.08B	1.08B
Net EPS - Diluted	0.89	1.05	1.48	-0.7	-1.47
Diluted EPS - Continuing Operations	0.89	1.05	1.48	-0.7	-1.47
Diluted Weighted Average Shares Outstanding	1.12B	1.11B	1.1B	1.08B	1.08B
Normalized Basic EPS	0.38	0.51	0.7	0.03	-0.24
Normalized Diluted EPS	0.37	0.5	0.68	0.03	-0.24
Dividend Per Share	0.5	0.52	0.53	0.52	0.48
Payout Ratio	55.78	49.89	33.95	-76.02	-34.15
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	969M	1.04B	1.28B	234M	-206M
EBITA	965M	1.04B	1.27B	228M	-216M
EBIT	964M	1.04B	1.27B	227M	-218M
Total Revenues (As Reported)	1.9B	1.98B	2.35B	937M	924M
Effective Tax Rate - (Ratio)	3.99	3.5	0.93	-1.51	0.61
Total Current Taxes	25.3M	40.9M	45.2M	30.6M	19.6M
Total Deferred Taxes	15.6M	400K	-30M	-19.4M	-29.3M
Normalized Net Income	411M	558M	754M	34.25M	-255M
Interest Capitalized	9.5M	1.8M	8.3M	23.7M	26.7M
Interest on Long-Term Debt	-	700K	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	136M	143M	186M	222M	323M
Stock-Based Comp., G&A Exp. (Total)	4.75M	7.09M	8.43M	10.31M	15.33M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	4.75M	7.09M	8.43M	10.31M	15.33M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	26.8M	23.7M	28.6M	17.8M	91.9M
Total Real Estate Assets	26.8M	23.7M	28.6M	17.8M	91.9M
Cash And Equivalents	31.8M	43.5M	75.3M	124M	54M
Accounts Receivable, Total	10.9M	17.3M	10.7M	3.5M	8.1M
Other Receivables	124M	125M	156M	202M	231M
Investment In Debt and Equity Securities	400K	180M	330M	537M	413M
Goodwill	900K	900K	49.9M	68.7M	66.5M
Other Intangibles, Total	332M	304M	438M	611M	601M
Other Current Assets, Total	830M	452M	504M	1.48B	309M
Trading Asset Securities, Total	-	-	1.6M	64.7M	60.6M
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	700K
Other Long-Term Assets, Total	16.27B	16.95B	17.6B	15.37B	13.99B
Total Assets	17.62B	18.1B	19.19B	18.48B	15.82B
Liabilities
Current Portion of Long-Term Debt	378M	57.2M	1.2M	388M	185M
Current Portion of Leases	4.8M	3.5M	4.2M	2.1M	11.8M
Short-Term Borrowings	-	-	33.1M	21.5M	2.3M
Long-Term Debt	4.52B	4.89B	4.89B	4.93B	4.76B
Long-Term Leases	19.5M	20.5M	22.7M	12.5M	80.8M
Accounts Payable, Total	56M	35.3M	41M	47.1M	31.1M
Accrued Expenses, Total	69.1M	93.3M	96.3M	141M	156M
Current Income Taxes Payable	-	-	16M	-	-
Unearned Revenue, Current	19M	19.6M	19.6M	20.5M	14.3M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	318M	325M	344M	446M	299M
Pension & Other Post Retirement Benefits	-	-	3.4M	10.8M	7.8M
Deferred Tax Liability Non-Current	105M	92.9M	102M	125M	89.3M
Other Non Current Liabilities	27.2M	51.5M	52M	73.2M	24.3M
Total Liabilities	5.51B	5.59B	5.62B	6.22B	5.66B
Common Stock, Total	7.29B	7.16B	7.16B	7.16B	7.16B
Retained Earnings	4.77B	5.32B	6.36B	5.05B	3B
Treasury Stock	-17.1M	-15.8M	-22.1M	-20.8M	-20.7M
Comprehensive Income and Other	67.7M	52.4M	73.2M	76.7M	34.5M
Total Common Equity	12.11B	12.51B	13.57B	12.26B	10.16B
Total Equity	12.11B	12.51B	13.57B	12.26B	10.16B
Total Liabilities And Equity	17.62B	18.1B	19.19B	18.48B	15.82B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.09B	1.08B	1.08B	1.07B	1.07B
ECS Total Common Shares Outstanding	1.09B	1.08B	1.08B	1.07B	1.07B
Book Value / Share	11.1	11.63	12.61	11.43	9.48
Tangible Book Value	11.78B	12.2B	13.08B	11.58B	9.5B
Tangible Book Value Per Share	10.79	11.35	12.16	10.8	8.85
Total Debt	4.92B	4.97B	4.95B	5.35B	5.04B
Net Debt	4.89B	4.93B	4.87B	5.16B	4.92B
Equity Method Investments, Total	7.29B	8.07B	8.88B	9.05B	8.61B
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Finished Goods, Total	180M	137M	54.4M	30.6M	60.2M
Machinery, Total	-	-	-	-	-
Full Time Employees	552	559	647	1.08K	972
Accumulated Allowance for Doubtful Accounts (Supple)	7.5M	17.7M	7.6M	4M	3.2M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	983M	1.14B	1.62B	-753M	-1.58B
Depreciation, Depletion & Amortization	7.4M	7M	11.4M	6.3M	9.8M
Amortization of Goodwill and Intangible Assets - (CF)	300K	100K	900K	600K	2.8M
Total Depreciation, Depletion & Amortization	7.7M	7.1M	12.3M	6.9M	12.6M
Amortization of Deferred Charges, Total	9.2M	5.8M	9.1M	8.2M	1.3M
(Gain) Loss On Sale of Asset - (CF)	400K	-300K	-100K	-	-
(Gain) Loss on Sale of Investments - (CF)	41.6M	-17.7M	-145M	31.5M	303M
Total Asset Writedown	-378M	-274M	-435M	684M	797M
(Income) Loss On Equity Investments - (CF)	-182M	-87.5M	-600M	617M	1.11B
Stock-Based Compensation (CF)	69.9M	85M	87.4M	91.8M	72.2M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Receivable	15.7M	11.2M	-12.1M	30.5M	-
Change In Inventories	122M	158M	124M	23.8M	-
Change In Income Taxes	-24.1M	-18.6M	42M	-27.3M	-
Change In Deferred Taxes	15.6M	400K	4.6M	-36M	-
Change in Other Net Operating Assets (Collected)	-82.3M	-11.6M	-140M	125M	-107M
Other Operating Activities	132M	3.2M	-2.4M	-32M	8M
Cash from Operations	730M	999M	560M	771M	614M
Acquisition of Real Estate Assets, Total	-419M	-309M	-306M	-358M	-147M
Sale of Real Estate Assets, Total	224M	535M	750M	688M	1.23B
Net Sale / Acquisition of Real Estate Assets	-195M	226M	444M	331M	1.09B
Cash Acquisitions	-	-	-352M	-190M	-51.8M
Purchase / Sale of Intangible Assets	-19.2M	-15.7M	-1.5M	-3.7M	-1.1M
Investment in Marketable and Equity Securities, Total	-281M	-908M	-49.5M	-717M	-722M
Other Investing Activities, Total	-124M	-	-	-	-
Cash from Investing	-620M	-698M	41.2M	-580M	311M
Short Term Debt Issued, Total	-	-	33.1M	55.5M	-
Long-Term Debt Issued, Total	5.24B	8.4B	18.65B	7.81B	3.66B
Total Debt Issued	5.24B	8.4B	18.68B	7.87B	3.66B
Short Term Debt Repaid, Total	-	-	-800K	-34M	-200K
Long-Term Debt Repaid, Total	-4.69B	-7.98B	-18.69B	-7.4B	-4.1B
Total Debt Repaid	-4.69B	-7.98B	-18.69B	-7.43B	-4.1B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-73.5M	-143M	-16.3M	-7.5M	-11.6M
Common Dividends Paid	-548M	-568M	-549M	-572M	-541M
Common & Preferred Stock Dividends Paid	-548M	-568M	-549M	-572M	-541M
Other Financing Activities, Total	-42.5M	-	-	-	-
Cash from Financing	-108M	-290M	-570M	-142M	-994M
Net Change in Cash	2M	11.7M	31.8M	48.6M	-69.9M
Supplemental Items
Cash Interest Paid	146M	147M	159M	177M	173M
Cash Income Tax Paid (Refund)	49.1M	59.6M	8.6M	56.8M	28.4M
Net Debt Issued / Repaid	556M	421M	-4.6M	437M	-442M
Levered Free Cash Flow	-140M	965M	797M	-822M	749M
Unlevered Free Cash Flow	-47.06M	1.03B	777M	-723M	875M
Change In Net Working Capital	646M	-380M	32.3M	876M	-985M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.53	3.63	4.26	0.75	-0.8
Return on Total Capital	3.66	3.75	4.41	0.79	-0.83
Return On Equity %	8.24	9.26	12.39	-5.83	-14.12
Return on Common Equity	8.24	9.26	12.39	-5.83	-14.12
Margin Analysis
Gross Profit Margin %	73.89	74.42	83.84	69.44	30.83
SG&A Margin	9.12	9.04	10.72	34.33	95.39
EBITDA Margin %	65.07	65.83	73.83	36.17	-60.83
EBITA Margin %	64.8	65.39	73.17	35.2	-63.73
EBIT Margin %	64.78	65.38	73.12	35.1	-64.56
Income From Continuing Operations Margin %	66.04	71.89	93.04	-116.19	-468.16
Net Income Margin %	66.04	71.89	93.04	-116.19	-468.16
Net Avail. For Common Margin %	66.04	71.89	93.04	-116.19	-468.16
Normalized Net Income Margin	27.64	35.24	43.39	5.29	-75.51
Levered Free Cash Flow Margin	-9.44	60.95	45.88	-126.82	221.38
Unlevered Free Cash Flow Margin	-3.16	64.87	44.76	-111.57	258.77
Asset Turnover
Asset Turnover	0.09	0.09	0.09	0.03	0.02
Fixed Assets Turnover	71.22	63.47	66.41	27.92	6.17
Receivables Turnover (Average Receivables)	50.93	49.5	49.99	101.96	128.48
Inventory Turnover (Average Inventory)	2.22	2.56	2.93	4.66	5.15
Short Term Liquidity
Current Ratio	1.18	1.2	1.35	1.76	0.95
Quick Ratio	0.2	0.35	0.44	0.37	0.5
Operating Cash Flow to Current Liabilities	0.86	1.87	1.01	0.72	0.88
Days Sales Outstanding (Average Receivables)	7.19	7.37	7.3	3.58	2.85
Days Outstanding Inventory (Average Inventory)	164.78	142.71	124.57	78.35	71.01
Average Days Payable Outstanding	45.78	45.94	70.36	92.3	54.29
Cash Conversion Cycle (Average Days)	126.18	104.14	61.51	-10.37	19.57
Long Term Solvency
Total Debt/Equity	40.6	39.76	36.49	43.64	49.54
Total Debt / Total Capital	28.88	28.45	26.73	30.38	33.13
LT Debt/Equity	37.44	39.27	36.21	40.28	47.58
Long-Term Debt / Total Capital	26.63	28.1	26.53	28.04	31.82
Total Liabilities / Total Assets	31.28	30.89	29.31	33.64	35.76
EBIT / Interest Expense	6.21	9.81	-66.84	1.35	-1.08
EBITDA / Interest Expense	6.25	9.88	-67.48	1.39	-1.02
(EBITDA - Capex) / Interest Expense	6.24	9.87	-67.23	1.36	-1.02
Total Debt / EBITDA	5.06	4.77	3.86	22.84	-24.47
Net Debt / EBITDA	5.03	4.73	3.8	22.04	-23.91
Total Debt / (EBITDA - Capex)	5.07	4.77	3.88	23.27	-24.32
Net Debt / (EBITDA - Capex)	5.04	4.73	3.82	22.45	-23.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.82	6.38	9.67	-62.7	-47.78
Gross Profit, 1 Yr. Growth %	-2.33	7.14	23.55	-69.11	-76.81
EBITDA, 1 Yr. Growth %	-4.04	8.81	23	-81.73	-187.84
EBITA, 1 Yr. Growth %	-4.07	9	22.74	-82.06	-194.56
EBIT, 1 Yr. Growth %	-4.06	9.02	22.66	-82.09	-196.04
Earnings From Cont. Operations, 1 Yr. Growth %	-23.26	17.04	41.94	-146.58	110.42
Net Income, 1 Yr. Growth %	-23.26	17.04	41.94	-146.58	110.42
Diluted EPS Before Extra, 1 Yr. Growth %	-27.57	19.4	41.67	-147.17	110.42
Normalized Net Income, 1 Yr. Growth %	-24.19	38.33	33.07	-95.42	-845.8
Net Property, Plant and Equip., 1 Yr. Growth %	78.67	-9.54	20.68	-37.76	416.29
Inventory, 1 Yr. Growth %	5.34	-23.57	-60.35	-43.75	96.73
Accounts Receivable, 1 Yr. Growth %	-36.63	58.72	-38.15	-67.29	131.43
Total Assets, 1 Yr. Growth %	6.66	2.95	6.04	-3.71	-14.34
Common Equity, 1 Yr. Growth %	3.13	3.54	8.46	-9.6	-17.12
Tangible Book Value, 1 Yr. Growth %	3.12	3.51	7.17	-11.43	-18.08
Cash From Operations, 1 Yr. Growth %	48.02	39.94	-43.95	37.64	-20.42
Capital Expenditures, 1 Yr. Growth %	212.5	-61.11	585.71	-10.42	-69.77
Levered Free Cash Flow, 1 Yr. Growth %	-133.15	-811.36	-18.22	-203.28	-190.26
Unlevered Free Cash Flow, 1 Yr. Growth %	-109.26	-2.45K	-24.4	-193.14	-220.87
Dividend Per Share, 1 Yr. Growth %	0.2	2.98	2.7	-3.01	-6.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.91	9.07	8.01	-36.04	-55.86
Gross Profit, 2 Yr. CAGR %	-1.83	2.3	15.05	-38.22	-73.24
EBITDA, 2 Yr. CAGR %	-3.44	1.62	15.69	-52.59	-59.94
EBITA, 2 Yr. CAGR %	-3.47	1.48	15.66	-53.07	-58.81
EBIT, 2 Yr. CAGR %	-3.48	1.49	15.64	-53.13	-58.53
Earnings From Cont. Operations, 2 Yr. CAGR %	-24.6	-5.73	28.89	-18.69	-1
Net Income, 2 Yr. CAGR %	-24.6	-5.73	28.89	-18.69	-1
Diluted EPS Before Extra, 2 Yr. CAGR %	-27.78	-7.48	30.06	-18.26	-0.38
Normalized Net Income, 2 Yr. CAGR %	-15.01	1.4	36.67	-75.41	-41.56
Net Property, Plant and Equip., 2 Yr. CAGR %	29.42	25.7	4.48	-13.34	79.26
Inventory, 2 Yr. CAGR %	118.49	-10.27	-44.95	-52.77	5.2
Accounts Receivable, 2 Yr. CAGR %	-9.47	0.29	-0.92	-55.02	-12.99
Total Assets, 2 Yr. CAGR %	12.12	4.67	4.48	1.05	-9.2
Common Equity, 2 Yr. CAGR %	9.79	3.21	5.97	-0.98	-13.44
Tangible Book Value, 2 Yr. CAGR %	10	3.37	5.33	-2.57	-14.79
Cash From Operations, 2 Yr. CAGR %	9.41	42.36	-11.44	-12.17	4.66
Capital Expenditures, 2 Yr. CAGR %	-10.2	-6.46	63.3	147.85	-47.96
Levered Free Cash Flow, 2 Yr. CAGR %	-58.22	50.92	142.34	-8.17	-2.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	-76.84	42.15	321.53	-16.16	6.21
Dividend Per Share, 2 Yr. CAGR %	2.58	1.58	2.84	-0.19	-5.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.67	4.73	9.27	-24.22	-40.22
Gross Profit, 3 Yr. CAGR %	0.99	1.07	8.94	-25.78	-55.44
EBITDA, 3 Yr. CAGR %	-0.13	0.12	8.3	-37.46	-41.77
EBITA, 3 Yr. CAGR %	-0.17	0	8.12	-37.85	-40.73
EBIT, 3 Yr. CAGR %	-0.16	0.01	8.11	-37.9	-40.47
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.04	-13	8.05	-8.19	11.64
Net Income, 3 Yr. CAGR %	-8.04	-13	8.05	-8.19	11.64
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.11	-14.9	6.63	-7.25	12.03
Normalized Net Income, 3 Yr. CAGR %	-8.07	-0.68	11.56	-56.05	-23.31
Net Property, Plant and Equip., 3 Yr. CAGR %	17.79	13.99	24	-12.09	57.1
Inventory, 3 Yr. CAGR %	-	53.95	-31.65	-44.55	-24.01
Accounts Receivable, 3 Yr. CAGR %	-17.48	9.16	-14.63	-31.52	-22.35
Total Assets, 3 Yr. CAGR %	12.82	8.89	5.12	1.68	-4.38
Common Equity, 3 Yr. CAGR %	11.13	7.58	4.93	0.5	-6.68
Tangible Book Value, 3 Yr. CAGR %	11.42	7.83	4.62	-0.58	-8.02
Cash From Operations, 3 Yr. CAGR %	3.56	17.9	4.34	2.58	-15.01
Capital Expenditures, 3 Yr. CAGR %	-5.9	-39.11	81.71	33.68	22.92
Levered Free Cash Flow, 3 Yr. CAGR %	-49.07	6.25	23.43	82.27	-8.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	-65.28	5.4	15.21	154.69	-5.22
Dividend Per Share, 3 Yr. CAGR %	3.42	2.72	1.95	0.85	-2.51
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.03	2.61	4.77	-14.02	-23.97
Gross Profit, 5 Yr. CAGR %	6.68	0.93	6.4	-16.99	-37.87
EBITDA, 5 Yr. CAGR %	6.38	0.11	5.68	-25.76	-27.24
EBITA, 5 Yr. CAGR %	6.32	0.03	5.56	-26.11	-26.51
EBIT, 5 Yr. CAGR %	6.33	0.03	5.56	-26.15	-26.31
Earnings From Cont. Operations, 5 Yr. CAGR %	9.7	-2.01	5.03	-15.32	4.34
Net Income, 5 Yr. CAGR %	9.7	-2.01	5.03	-15.32	4.34
Diluted EPS Before Extra, 5 Yr. CAGR %	5.57	-4.24	2.59	-16.26	3.77
Normalized Net Income, 5 Yr. CAGR %	4.97	0.96	7.31	-43.01	-13.99
Net Property, Plant and Equip., 5 Yr. CAGR %	18.85	7.51	11.76	2.16	43.7
Inventory, 5 Yr. CAGR %	10.23	13.08	-	-4.04	-18.79
Accounts Receivable, 5 Yr. CAGR %	-4.47	-1.54	-11.22	-23.43	-13.98
Total Assets, 5 Yr. CAGR %	11.94	8.96	9.36	5.68	-0.86
Common Equity, 5 Yr. CAGR %	12.31	10.7	8.98	4.07	-2.85
Tangible Book Value, 5 Yr. CAGR %	12.71	11.08	8.96	3.55	-3.62
Cash From Operations, 5 Yr. CAGR %	1.99	8.53	-3.14	4.8	4.47
Capital Expenditures, 5 Yr. CAGR %	-18.38	-37.93	9.86	6.76	10.2
Levered Free Cash Flow, 5 Yr. CAGR %	-22.28	71.39	-5.61	0.42	12.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	-40.08	98.09	-7.11	-3.8	11.48
Dividend Per Share, 5 Yr. CAGR %	4.15	3.55	3.19	1.54	-0.89