EX-99.2 3 d164266dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

PARKWAY, INC.

UNAUDITED PRO FORMA COMBINED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2015

(In thousands, except per share data)

(Unaudited)

 

        

Revenues

  

Income from office properties

   $ 276,861   

Management company income

     9,891   

Sale of condominium units

     11,063   
  

 

 

 

Total revenues

     297,815   
  

 

 

 

Expenses

  

Property operating expenses

     119,547   

Management company expenses

     9,362   

Cost of sales - condominium units

     11,120   

Depreciation and amortization

     93,253   

General and administrative

     12,664   
  

 

 

 

Total expenses

     245,946   
  

 

 

 

Operating income

     51,869   

Other income and expenses

  

Interest and other income

     1   

Interest expense

     (31,861
  

 

 

 

Income (loss) before income taxes

     20,009   

Income tax expense

     (1,635
  

 

 

 

Net income (loss)

     18,374   

Net (income) loss attributable to noncontrolling interests

     (344
  

 

 

 

Net income (loss) attributable to controlling interests

     18,030   

Dividends on non-voting preferred stock

     (300
  

 

 

 

Net income (loss) attributable to common stockholders

     17,730   
  

 

 

 

Weighted average shares outstanding - Basic

     404,245   
  

 

 

 

Weighted average shares outstanding - Diluted

     412,114   
  

 

 

 

Basic and diluted earnings per share

   $ 0.04   
  

 

 

 

 



 

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