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Washington Prime Group Inc. WPG

Washington Prime Group Inc. Income Statement 2020-2011 | WPG

Brief overview of income trends at Washington Prime Group Inc.

The overview follows changes across a five-year period. Revenue reported by Washington Prime Group Inc. was 922 million dollars at the beginning of the period and 524 million dollars at the end. The total change was −43.1%, with a CAGR of approximately −10.7%. The decline points to a contraction in the scale of the business.

Gross profit changed from $616 million to $307 million (−50.1%). The gross margin was 66.8% at the start and 58.6% at the end. The margin decline reflects a less favorable sales-and-cost structure.

The five-year EBITDA result moved by −53.8%: from 546 million dollars to 252 million dollars. Operating performance weakened relative to revenue. Comparing the endpoints gives EBITDA margins of 59.2% and 48.1%. Operating return per unit of revenue declined.

Net income moved from −85.3 million dollars at the start to −220 million dollars at the end. The period ended with a larger loss than it began with.

The market value of the business moved from $1.7 billion to $310 million, or −81.4%. Lower capitalization reflects weaker investor expectations.

What the figures show

The financial trajectory is weak and requires a cautious interpretation. Caution is warranted because of weaker operating efficiency, pressure from direct costs and weak sales momentum. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Washington Prime Group Inc.

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

310 M 586 M 1.08 B 1.23 B 1.73 B 1.67 B 2.74 B - - -

Shares

22 M 20.9 M 20.9 M 20.8 M 20.6 M 20.5 M 17.2 M - - -

Net Income

-220 M 4.27 M 93.6 M 197 M 67.1 M -85.3 M 170 M 155 M 130 M -

Revenue

524 M 661 M 723 M 758 M 843 M 922 M 661 M 626 M 624 M -

EBITDA

252 M 363 M 433 M 470 M 518 M 546 M 423 M 410 M 404 M -

Operating Expenses

285 M 333 M 313 M 310 M 338 M 403 M 225 M 196 M 200 M -

General and Administrative Expenses

48.1 M 52 M 39.9 M 37.3 M 41.6 M 56.4 M 16.9 M 4.66 M 4.67 M -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Washington Prime Group Inc. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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