First Potomac Realty Trust (FPO) Margin Analysis

First Potomac Realty Trust

FPO (NYSE)

(%)

Models
First Potomac Realty Trust Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Apr 19	2016 Dec 31	2015 Dec 31	2014 Dec 31	2013 Dec 31
Revenue	150.7	160.3	172.8	161.7	156.6
Revenue Growth Rate	-5.98%	-7.24%	6.93%	3.21%	-18.98%
Cost of Revenue	0	0	0	0	0
Gross Profit	150.7	160.3	172.8	161.7	156.6
Gross Margin	100%	100%	100%	100%	100%
Operating Income	18.85	21.36	-43.89	11.45	19.1
Operating Margin	12.51%	13.32%	-25.39%	7.08%	12.2%
Net Income	0.102	-1.07	-32.97	16.84	11.07
Net Margin	0.068%	-0.665%	-19.07%	10.42%	7.07%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Apr 19	2016 Dec 31	2015 Dec 31	2014 Dec 31	2013 Dec 31
Revenue	150.7	160.3	172.8	161.7	156.6
Cash from Operating Activities	54.1	62.6	60.38	62.95	55.29
Cash from Operating Activities Margin	35.88%	39.04%	34.93%	38.94%	35.3%
Free Cash Flow	38.7	5.67	-13.47	12.16	-12.71
Free Cash Flow Margin	25.67%	3.54%	-7.79%	7.52%	-8.12%
Depreciation and Amortization	61.98	63.78	70.57	67.94	67.44
Depreciation and Amortization Margin	41.12%	39.78%	40.83%	42.03%	43.06%
Capital Expenditure	-15.39	-56.93	-73.85	-50.79	-68
Capital Expenditure Margin	-10.21%	-35.51%	-42.73%	-31.42%	-43.42%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": 100}, {"l": "2014", "x": "2014-12-31", "y": 100}, {"l": "2015", "x": "2015-12-31", "y": 100}, {"l": "2016", "x": "2016-12-31", "y": 100}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": 12.2}, {"l": "2014", "x": "2014-12-31", "y": 7.08}, {"l": "2015", "x": "2015-12-31", "y": -25.39}, {"l": "2016", "x": "2016-12-31", "y": 13.32}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": 7.07}, {"l": "2014", "x": "2014-12-31", "y": 10.42}, {"l": "2015", "x": "2015-12-31", "y": -19.07}, {"l": "2016", "x": "2016-12-31", "y": -0.665}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": -8.12}, {"l": "2014", "x": "2014-12-31", "y": 7.52}, {"l": "2015", "x": "2015-12-31", "y": -7.79}, {"l": "2016", "x": "2016-12-31", "y": 3.54}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2017 (Q2) Jun 30	2017 (Q1) Mar 31	2016 (Q4) Dec 31	2016 (Q3) Sep 30	2016 (Q2) Jun 30	2016 (Q1) Mar 31
Revenue	30.72	40.89	38.97	40.17	38.49	42.7
Revenue Growth Rate	-24.88%	4.91%	-2.98%	4.36%	-9.85%
Cost of Revenue	0	0	0	0	0	0
Gross Profit	30.72	40.89	38.97	40.17	38.49	42.7
Gross Margin	100%	100%	100%	100%	100%	100%
Operating Income	2.52	4.14	4.31	7.88	2.81	6.36
Operating Margin	8.21%	10.13%	11.07%	19.61%	7.3%	14.9%
Net Income	-45.03	43.15	-0.149	2.13	-1.6	0.046
Net Margin	-146.6%	105.5%	-0.382%	5.32%	-4.16%	0.108%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2017 (Q2) Jun 30	2017 (Q1) Mar 31	2016 (Q4) Dec 31	2016 (Q3) Sep 30	2016 (Q2) Jun 30	2016 (Q1) Mar 31
Revenue	30.72	40.89	38.97	40.17	38.49	42.7
Cash from Operating Activities	14.3	9.07	16.23	14.49	18.05	13.83
Cash from Operating Activities Margin	46.56%	22.19%	41.64%	36.07%	46.89%	32.39%
Free Cash Flow	21.11	2.26	8.01	7.32	-0.845	-8.81
Free Cash Flow Margin	68.73%	5.54%	20.54%	18.23%	-2.2%	-20.65%
Depreciation and Amortization	14.55	15.31	17.52	14.6	15.8	15.85
Depreciation and Amortization Margin	47.36%	37.44%	44.96%	36.35%	41.06%	37.13%
Capital Expenditure	6.81	-6.81	-8.22	-7.17	-18.9	-22.64
Capital Expenditure Margin	22.17%	-16.66%	-21.1%	-17.84%	-49.09%	-53.03%

Quarterly Chart

Monetary values in USD

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