KBS Real Estate Investment Trust
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 214,850 214,034 127,273 98,210
Cost of Revenue 125,301 119,376 75,920 53,148
Gross Profit 89,549 94,658 51,353 45,062
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 17,907 22,439 20,271 7,035
Non-Recurring Items 40,190 31,882 6,833 -
Other 75,575 81,736 50,759 42,149
Operating Income (44,123) (41,399) (26,510) (4,122)
Income From Continuing Operations
Add'l Income/Expense Items 17,495 29,363 6,076 36,486
Earnings Before Interest and Tax (26,628) (12,036) (20,434) 32,364
Interest Expense 61,666 67,006 48,172 34,106
Earnings Before Tax (88,294) (79,042) (68,606) (1,742)
Income Tax - - - -
Minority Interest - - 23,895 (24,027)
Equity Earnings Unconsolidated Subsidiary - 750 5,029 7,701
Net Income Cont. Operations (88,294) (78,292) (63,577) 5,959
Non Recurring Events
Discontinued Operations 41,799 35,150 68,134 (120,338)
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (46,495) (43,142) 4,557 (114,379)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (46,495) (43,142) (19,338) (90,352)