Black Creek Diversified Property Fund Inc. - FORM 8-K/A - EX-99.2 - CERTAIN ACQUIRED PROPERTIES SUBJECT TO A NET LEASE WITH A SINGLE TENANT

Attached files

file	filename
8-K/A - FORM 8-K/A - Black Creek Diversified Property Fund Inc.	d8ka.htm
EX-99.3 - UNAUDITED PRO FORMA FINANCIAL INFORMATION - Black Creek Diversified Property Fund Inc.	dex993.htm
EX-99.4 - CONSENT OF EHRHARDT KEEFE STEINER & HOTTMAN PC - Black Creek Diversified Property Fund Inc.	dex994.htm
EX-99.1 - FINANCIAL STATEMENTS - Black Creek Diversified Property Fund Inc.	dex991.htm

Exhibit 99.2

Certain Acquired Properties Subject to a

Net Lease with a Single Tenant

We have and may continue to acquire properties that are subject to a net lease with a single tenant whereby the tenant is responsible for all the operating costs of the property including, real estate taxes, insurance, maintenance and repair and other operating expenses per the lease agreement. In limited instances, such tenants, or their guarantor, have audited financial information available including those tenants or guarantors that are public registrants with the Securities and Exchange Commission (the “SEC”). In these limited cases, we are providing summary financial information with respect to those tenants as we believe the financial information specific to these tenants, along with other relevant information, to be more relevant and useful than audited financial information provided pursuant to SEC Rule 3-14.

Acquisition of National Office and Industrial Portfolio

On June 25, 2010, through various wholly-owned subsidiaries, we completed the previously disclosed acquisition of a portfolio of 32 office and industrial properties, aggregating approximately 11.3 million net rentable square feet (the “National Office and Industrial Portfolio” or “NOIP Portfolio”), or interests therein, from several subsidiaries of iStar Financial Inc. (the “Sellers”). Included in the NOIP Portfolio are 26 properties that are subject to a net lease with a single tenant whereby the tenant is responsible for all the operating costs of the property including, real estate taxes, insurance, maintenance and repair and other operating expenses per the lease agreement (the “National Office and Industrial Portfolio Triple Net Properties”). The tenants of the National Office and Industrial Portfolio Triple Net Properties are public registrants with the SEC and, as such, have audited financial information publicly available. As a result, we are providing summary financial information with respect to those tenants that occupy the National Office and Industrial Portfolio Triple Net Properties. All National Office and Industrial Portfolio Triple Net Properties are 100% owned by us and were 100% leased as of June 30, 2010. The following table summarizes certain information for the properties and tenants for which we will provide summary financial information (amounts in thousands).


Office Properties	Market	Net Rentable Square Feet	Major Tenant	% of NOIP Portfolio 2009 Net Operating Income
Harborside Plaza	Northern New Jersey	594	Charles Schwab	16	%
Colshire Drive	Washington, DC	575	Northrop Grumman	13	%
Sybase Drive	East Bay, CA	405	Sybase	13	%
Connection Drive	Dallas, TX	294	Nokia	3	%
1600 SW 80th Street	Miami, FL	240	Crawford	3	%
Sylvan Way	Northern New Jersey	213	Avis Budget	3	%
East Maple Avenue	Los Angeles, CA	107	Equinix	3	%
Inverness Drive West	Denver, CO	257	DirecTV	3	%
Charleston Place	Silicon Valley, CA	187	Google	3	%
Corporate Center Drive	Los Angeles, CA	218	WellPoint	2	%
Doolittle Drive	Los Angeles, CA	124	Northrop Grumman	2	%
Sunset Hills Road	Washington, DC	178	Unisys	2	%
Sheila Street	Los Angeles, CA	108	Unified Western Grocers	2	%
North Fairway Drive	Chicago, IL	100	Baxter	1	%
N. Glenville Drive	Dallas, TX	121	Nortel	1	%
Waterview Parkway	Dallas, TX	62	ADS	1	%
Shadelands Drive	East Bay, CA	60	Aetna	1	%

Total Office Properties		3,843		72	%

Industrial Properties
Goodyear Portfolio*	Chicago, IL, Central Pennsylvania, Dallas, TX, Atlanta, GA (2), Columbus, OH	4,701	Goodyear	13	%
South Columbia	Central Kentucky	727	Amazon.com	2	%
200 Corporate Drive	Chicago, IL	575	Spectrum	2	%
Columbia Road	Cleveland, OH	188	FedEx	2	%

Total Industrial Properties		6,191		19	%


Grand Total		10,034		91	%

Subsequent to our acquisition of the National Office and Industrial Portfolio, we sold a portfolio of six properties included in the National Office and Industrial Portfolio that were all leased to one tenant, Goodyear Tire and Rubber Company (the “Goodyear Portfolio”). We sold the Goodyear Portfolio for approximately $172.5 million and used those proceeds to repay approximately $169.1 million of outstanding borrowings that had been used to partially finance our acquisition of the National Office and Industrial Portfolio. The Goodyear Portfolio included all of our properties that were leased to Goodyear Tire & Rubber Company.

The tenants above currently file audited financial reports with the SEC. The summary financial data below was obtained from each tenant’s most recently filed audited annual report. The information presented is summarized and does not include all related disclosures, and therefore may not be a complete and accurate representation of the respective companies’ results of operations or financial position. For additional information and to obtain a complete understanding of the financial statements and the related critical accounting policies and estimates used in the preparation of those financial statements, please refer to each entity’s annual report filed on Form 10-K, Form 20-F, or in the tenant’s annual report which is available on the SEC’s website at www.sec.gov and/or the tenant’s investor relations page on their respective web site. Summary financial data for each tenant is presented below for the most recent three fiscal years for income and cash flow information and the most recent two years for balance sheet information.

Approximate future minimum rentals under non-cancelable, in-place leases of the National Office and Industrial Portfolio Triple Net Properties, as of December 31, 2009, are as follows (amounts in thousands).


For the Year Ended December 31,
2010	$	104,000
2011		106,676
2012		110,321
2013		105,171
2014		99,560
Thereafter		397,038

Total	$	922,766

Four tenants accounted for greater than 10% of the rental revenues of the National Office and Industrial Portfolio Triple Net Properties for the year ended December 31, 2009. See the following table for details of each of these tenants’ respective percentages of rental revenues for the year ended December 31, 2009.


Tenant	Industry	Lease Expiration	% of 2009 Rental Revenue		% of Future Minimum Lease Payments
Charles Schwab & Co., Inc	Security Brokers, Dealers, & Flotation Companies	9/30/2017	21	%	19	%
Northrop Grumman (1)	Search, Detection, Navigation, Guidance, Aeronautical Systems	12/31/2016 & 7/31/14	16	%	12	%
Sybase, Inc.,	Services - Prepackaged Software	1/31/2017	13	%	13	%
Goodyear Tire & Rubber Company (2)	Tires & Inner Tubes	12/31/2021	14	%	5	%

(1)	The National Office and Industrial Portfolio includes two properties which are both leased to Northrop Grumman. The amounts above represent the combined amounts relating to the two leases.

(2)

DirecTV – Inverness Drive West, Denver, Colorado

Summary financial data for DirecTV (NasdaqGS: DTV) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenues	$	21,565		$	19,693		$	17,246
Operating costs and Expenses		18,892			16,998			14,760


Operating profit		2,673			2,695			2,486
Other expenses, net		1,731			1,174			1,035


Net income		942			1,521			1,451


Summary Cash Flow Information:

Cash flows from operating activities	$	4,431		$	3,910		$	3,645
Cash flows from investing activities		(2,194	)		(2,388	)		(2,822	)
Cash flows from financing activities		(1,637	)		(600	)		(2,239	)


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	5,055	$	4,044
Non-current assets		13,205		12,495


Total assets	$	18,260	$	16,539


Current liabilities		5,701		3,585
Non-current liabilities		9,648		8,323

Total liabilities		15,349		11,908
Equity		2,911		4,631


Total liabilities and equity	$	18,260	$	16,539

Northrop Grumman – Doolittle Drive, Los Angeles, California and Colshire Drive, Washington DC

Summary financial data for Northrop Grumman (NYSE: NOC) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Sales and Service Revenues	$	33,755		$	32,315		$	30,341
Costs and expenses		31,272			32,578			27,416


Operating Income (loss)		2,483			(263	)		2,925
Other expenses, net		797			999			1,135


Net income (loss)		1,686			(1,262	)		1,790

Summary Cash Flow Information:
Net cash provided by operating activities	$	2,133		$	3,211		$	2,890
Net cash provided by (used in) investing activities		867			(626	)		(1,430	)
Net cash used in financing activities		(1,229	)		(2,044	)		(1,512	)


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	8,635	$	8,243
Non-current assets		21,617		21,954


Total assets	$	30,252	$	30,197


Current liabilities		6,985		7,449
Non-current liabilities		10,580		10,828

Total liabilities		17,565		18,277
Equity		12,687		11,920


Total liabilities and equity	$	30,252	$	30,197

Unified Western Grocers – Sheila Street, Los Angeles, California

Summary financial data for Unified Western Grocers is presented below for fiscal years ended October 3, 2009, September 27, 2008, and September 29, 2007, as follows (amounts in thousands):


	For the Fiscal Year Ended
	October 3, 2009			September 27, 2008			September 29, 2007
Summary Income Information:
Net sales	$	4,050,678		$	4,104,775		$	3,133,441
Costs of sales and distribution, selling, and administrative expenses		3,999,660			4,040,343			3,077,735


Operating income		51,018			64,432			55,706
Other expenses, net		36,263			47,063			41,300


Net income		14,755			17,369			14,406

Summary Cash Flow Information:
Net cash provided (utilized) by operating activities	$	52,025		$	(28,141	)	$	50,826
Net cash utilized by investing activities		(21,005	)		(62,150	)		(57,986	)
Net cash (utilized) provided by financing activities		(35,927	)		86,421			15,729


	As of
	October 3, 2009		September 27, 2008
Summary Balance Sheet Information:
Current assets	$	485,714	$	503,434
Non-current assets		429,839		399,848


Total assets	$	915,553	$	903,282


Current liabilities		295,928		302,717
Non-current liabilities		433,553		396,980

Total liabilities		729,481		699,697
Equity		186,072		203,585


Total liabilities and equity	$	915,553	$	903,282

Wellpoint – Corporate Center Drive, Los Angeles, California

Summary financial data for Wellpoint (NYSE:WLP) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in thousands):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenues	$	65,028		$	61,251		$	61,168
Expenses		60,282			58,760			57,823


Net income		4,746			2,491			3,345


Summary Cash Flow Information:
Net cash provided by operating activities	$	3,039		$	2,535		$	4,345
Net cash provided by (used in) investing activities		3,003			616			(769	)
Net cash used in financing activities		(3,403	)		(3,736	)		(3,410	)
Effect of changes in exchange rates on cash and cash equivalents		(7	)


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	28,071	$	12,130
Non-current assets		24,054		36,273


Total assets	$	52,125	$	48,403


Current liabilities		14,674		15,020
Non-current liabilities		12,588		11,951

Total liabilities		27,262		26,972
Equity		24,863		21,432


Total liabilities and equity	$	52,125	$	48,403

Charles Schwab – Harborside Plaza, Northern New Jersey

Summary financial data for Schwab (NYSE: SCHW) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Net Revenues	$	4,193		$	5,150		$	4,994
Total expenses excluding interest		2,917			3,122			3,141


Income		1,276			2,028			1,853
Other expenses, net		489			816			(554	)


Net income		787			1,212			2,407


Summary Cash Flow Information:
Cash flows from operating activities	$	1,437		$	2		$	1,746
Cash flows from investing activities		(14,057	)		(10,901	)		367
Cash flows from financing activities		15,419			9,577			144


	As of December 31,
	2009		2008
Summary Balance Sheet Information:


Total assets	$	75,431	$	51,675



Total liabilities		70,358		47,614

Equity		5,073		4,061


Total liabilities and equity	$	75,431	$	51,675

Avis Budget – Sylvan Way, Northern New Jersey

Summary financial data for Avis Budget (NYSE: CAR) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Net Revenues	$	5,131		$	5,984		$	5,986
Total Expenses		5,208			7,327			6,978


Loss before income taxes		(77	)		(1,343	)		(992	)
Benefit from income taxes		(30	)		(219	)		(45	)

Loss from continuing operations		(47	)		(1,124	)		(947	)
Discontinued operations, net								31
Net loss		(47	)		(1,124	)		(916	)


Summary Cash Flow Information:
Net cash provided by operating activities	$	1,491		$	1,704		$	1,714
Net cash provided by (used in) investing activities		166			(2,096	)		(1,917	)
Net cash (used in) provided by financing activities		(1,465	)		463			239
Effect of changes in exchange rates on cash and cash equivalents		32			(27	)		6


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	1,730	$	1,073
Non-current assets		8,363		10,245


Total assets	$	10,093	$	11,318


Current liabilities		1,284		911
Non-current liabilities		8,587		10,314

Total liabilities		9,871		11,225
Equity		222		93


Total liabilities and equity	$	10,093	$	11,318

Unisys – Sunset Hills Road, Washington, DC

Summary financial data for Unisys (NYSE: UIS) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenue	$	4,598		$	5,233		$	5,653
Costs and expenses		4,252			5,192			5,567


Operating profit		346			41			86
Other expenses, net		157			171			165


Net income (loss)		189			(130	)		(79	)


Summary Cash Flow Information:
Cash flows from operating activities	$	397		$	255		$	173
Cash flows from investing activities		(271	)		(283	)		(291	)
Net cash (used for) provided by financing activities		(46	)		(201	)		210
Effect of changes in exchange rates on cash and cash equivalents		24			(57	)		19


	As of December 31,
	2009			2008
Summary Balance Sheet Information:
Current assets	$	1,703		$	1,638
Non-current assets		1,254			1,186


Total assets	$	2,957		$	2,824


Current liabilities		1,395			1,426
Non-current liabilities		2,834			2,822

Total liabilities		4,229			4,248
Equity (deficit)		(1,272	)		(1,424	)


Total liabilities and equity (deficit)	$	2,957		$	2,824

Aetna – Shadelands Drive, East Bay, California

Summary financial data for Aetna (NYSE: AET) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenue	$	34,764		$	30,951		$	27,600
Health Care and Benefits		26,139			22,724			19,543
Operating Expenses		6,383			5,752			5,046
Other expenses, net		965			1,091			1,180


Net income		1,277			1,384			1,831


Summary Cash Flow Information:
Net cash provided by operating activities	$	2,488		$	2,207		$	2,066
Net cash used for investing activities		(2,000	)		(1,073	)		(1,038	)
Net cash used for financing activities		(465	)		(1,208	)		(654	)


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	6,827	$	4,918
Non-current assets		31,723		30,935


Total assets	$	38,550	$	35,853


Current liabilities		8,464		7,555
Non-current liabilities		20,582		20,112

Total liabilities		29,046		27,667
Equity		9,504		8,186


Total liabilities and equity	$	38,550	$	35,853

Baxter – North Fairway Drive, Chicago, IL

Summary financial data for Baxter (NYSE: BAX) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Net sales	$	12,562		$	12,348		$	11,263
Cost of Sales		6,037			6,218			5,744


Gross Margin		6,525			6,130			5,519
Other expenses, net		4,320			4,116			3,812


Net income		2,205			2,014			1,707


Summary Cash Flow Information:
Cash flows from operations	$	2,909		$	2,515		$	2,305
Cash flows from investing activities		(1,146	)		(993	)		(305	)
Cash flows from financing activities		(1,012	)		(1,931	)		(1,971	)
Effect of changes in exchange rates on cash and cash equivalents		(96	)		1			25


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	8,271	$	7,148
Non-current assets		9,083		8,257


Total assets	$	17,354	$	15,405


Current liabilities		4,464		3,635
Non-current liabilities		5,470		5,479

Total liabilities		9,934		9,114
Equity		7,420		6,291


Total liabilities and equity	$	17,354	$	15,405

Google – Charleston Place, Silicon Valley, California

Summary financial data for Google (NasdaqGS: GOOG) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in thousands):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenues	$	23,650,563		$	21,795,550		$	16,593,986
Costs and expenses		15,338,377			15,163,581			11,509,586


Income from operations		8,312,186			6,631,969			5,084,400
Other expenses, net		1,791,738			2,405,111			880,680


Net income		6,520,448			4,226,858			4,203,720


Summary Cash Flow Information:
Net cash provided by operating activities	$	9,316,198		$	7,852,857		$	5,775,410
Cash used in investing activities		(8,019,205	)		(5,319,422	)		(3,681,589	)
Cash provided by financing activities		233,412			87,567			403,067
Effect of changes in exchange rates on cash and cash equivalents		10,511			(45,923	)		40,034


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	29,166,958	$	20,178,182
Non-current assets		11,329,820		11,589,393


Total assets	$	40,496,778	$	31,767,575


Current liabilities		2,747,467		2,302,090
Non-current liabilities		1,745,087		1,226,623

Total liabilities		4,492,554		3,528,713
Equity		36,004,224		28,238,862


Total liabilities and equity	$	40,496,778	$	31,767,575

Sybase – Sybase Drive, East Bay, California

Summary financial data for Sybase (NYSE: SY) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in thousands):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenues	$	1,170,569		$	1,131,930		$	1,025,530
Costs and expenses		880,860			921,874			856,967


Operating income		289,709			210,056			168,563
Other expenses, net		125,692			81,818			29,436


Net income		164,017			128,238			139,127


Summary Cash Flow Information:
Cash flows from operating activities	$	384,100		$	295,514		$	254,014
Cash flows from investing activities		(383,818	)		(14,640	)		86,722
Cash flows from financing activities		320,655			(245,886	)		(112,645	)
Effect of changes in exchange rates on cash		14,851			(28,432	)		21,414


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	1,560,757	$	977,890
Non-current assets		907,127		848,432


Total assets	$	2,467,884	$	1,826,322


Current liabilities		920,125		459,846
Non-current liabilities		488,556		531,602

Total liabilities		1,408,681		991,448
Equity		1,059,203		834,874


Total liabilities and equity	$	2,467,884	$	1,826,322

Crawford – 1600 SW 80^th Street, Miami, Florida

Summary financial data for Crawford (NYSE CRD-A/CRD-B) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenues	$	1,048,202		$	1,135,916		$	1,051,278
Costs of Services		792,325			767,093			733,240
Other expenses, net		371,560			336,564			301,922


Net (loss) income		(115,683	)		32,259			16,116


Summary Cash Flow Information:
Cash flows from operating activities	$	51,664		$	71,585		$	23,428
Cash flows from investing activities		(31,169	)		(28,036	)		(19,087	)
Cash flows from financing activities		(26,555	)		(12,830	)		(17,333	)
Effect of changes in exchange rates on cash and cash equivalents		3,290			(8,450	)		2,173


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	325,715	$	348,357
Non-current assets		417,190		546,891


Total assets	$	742,905	$	895,248


Current liabilities		258,998		288,996
Non-current liabilities		422,621		425,893

Total liabilities		681,619		714,889
Equity		61,286		180,359


Total liabilities and equity	$	742,905	$	895,248

Nokia – Connection Drive, Dallas Texas

Summary financial data for Nokia (NYSE: NOK) is presented below for the years ended December 31, 2009, 2008, and 2007 (Euro amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Net sales	€	40,984		€	50,710		€	51,058
Cost of Sales		27,720			33,337			33,781


Gross profit		13,264			17,373			17,277
Other expenses, net		13,004			13,484			10,531


Profit		260			3,889			6,746


Summary Cash Flow Information:
Net cash from operating activities	€	3,247		€	3,197		€	7,882
Net cash used in investing activities		(2,148	)		(2,905	)		(710	)
Net cash used in financing activities		(696	)		(1,545	)		(3,832	)
Foreign exchange		(25	)		(49	)		(15	)


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	€	23,613	€	24,470
Non-current assets		12,125		15,112


Total assets	€	35,738	€	39,582


Current liabilities		15,188		20,355
Non-current liabilities		5,801		2,717

Total liabilities		20,989		23,072
Shareholders’ equity		14,749		16,510


Total liabilities and shareholders’ equity	€	35,738	€	39,582

ADS (assigned to Fujitsu) – Waterview Parkway, Dallas, Texas

Summary financial data for Fujitsu (Tokyo Stock Exchange: 6702) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in thousands; translated by Fujitsu into USD from JPY amounts):


	For the Year Ended March 31,
	2010			2009			2008
Summary Income Information:
Net sales	$	50,317,409		$	47,887,663		$	53,308,650

Operating costs and expenses		49,302,646			47,185,908			51,258,760


Operating income		1,014,763			701,755			2,049,890
Other income and expenses, net		13,849			1,848,571			1,568,820


Net income (loss)		1,000,914			(1,146,816	)		481,070


Summary Cash Flow Information:
Cash flows from operating activities	$	3,176,226		$	2,531,612		$	3,686,040
Cash flows from investing activities		10,968			(2,291,949	)		(2,839,260	)
Cash flows from financing activities		(4,358,172	)		(488,714	)		623,250
Effect of changes in exchange rates on cash and cash equivalents		(10,570	)		(41,173	)		(23,130	)


	As of March 31,
	2010		2009
Summary Balance Sheet Information:
Current assets	$	20,128,817	$	19,260,582
Non-current assets		14,581,409		13,616,785


Total assets	$	34,710,226	$	32,877,367


Current liabilities		16,774,764		15,820,633
Non-current liabilities		7,737,903		7,611,816

Total liabilities		24,512,667		23,432,449
Net assets		10,197,559		9,444,918


Total liabilities and net assets	$	34,710,226	$	32,877,367

Equinix – East Maple Drive, Los Angeles, California

Summary financial data for Equinix (NasdaqGS: EQIX) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Revenues	$	882,509		$	704,680		$	419,442
Costs and operating expenses		701,430			631,418			409,350


Income from operations		181,079			73,262			10,092
Other expenses, net		111,648			(34,662	)		19,983


Net income (loss)		69,431			107,924			(9,891	)


Summary Cash Flow Information:
Cash flows from operating activities	$	355,492		$	267,558		$	120,020
Cash flows from investing activities		(558,178	)		(478,040	)		(1,054,725	)
Cash flows from financing activities		323,598			145,106			1,145,013
Effect of changes in exchange rates on cash and cash equivalents		4,937			(5,050	)		(2,238	)


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	727,887	$	379,511
Non-current assets		2,310,263		2,055,225


Total assets	$	3,038,150	$	2,434,736


Current liabilities		315,459		289,993
Non-current liabilities		1,540,208		1,228,082

Total liabilities		1,855,667		1,518,075
Equity		1,182,483		916,661


Total liabilities and equity	$	3,038,150	$	2,434,736

Nortel (assigned to Ericsson) – North Glenville Drive, Dallas, Texas

Summary financial data for Ericsson (NasdaqGS: ERIC) is presented below for the years ended December 31, 2009, 2008, and 2007 (SEK amounts in millions):


	For the Year Ended December 31,
	2009		2008		2007
Summary Income Information:
Net sales	206,477 kr		208,930 kr		187,780 kr
Cost of Sales	136,278		134,661		114,059


Gross Margin	70,199		74,269		73,721
Other expenses, net	66,072		62,602		51,586


Net income	4,127 kr		11,667 kr		22,135 kr


Summary Cash Flow Information:
Cash flows from operating activities	24,476 kr		24,000 kr		19,210 kr
Cash flows from investing activities	(37,462	)	(8,544	)	(27,533	)
Cash flows from financing activities	(1,701	)	(7,208	)	6,258
Effect of changes in exchange rates on cash and cash equivalents	(328	)	1,255		406


	As of December 31,
	2009	2008
Summary Balance Sheet Information:
Current assets	182,442 kr	198,525 kr
Non-current assets	87,367	87,159


Total assets	269,809 kr	285,684 kr


Current liabilities	85,487 kr	104,117 kr
Non-current liabilities	43,295	39,483

Total liabilities	128,782	143,600
Equity	141,027	142,084


Total liabilities and equity	269,809 kr	285,684 kr

Amazon.com – South Columbia, Central Kentucky

Summary financial data for Amazon.com (NasdaqGS: AMZN) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Net sales	$	24,509		$	19,166		$	14,835
Cost of sales		18,978			14,896			11,482


Gross profit		5,531			4,270			3,353
Other expenses, net		4,629			3,625			2,877


Net income		902			645			476


Summary Cash Flow Information:
Cash flows from operating activities	$	3,293		$	1,697		$	1,405
Cash flows from investing activities		(2,337	)		(1,199	)		42
Cash flows from financing activities		(280	)		(198	)		50
Effect of changes in exchange rates on cash and cash equivalents		(1	)		(70	)		20


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	9,797	$	6,157
Non-current assets		4,016		2,157


Total assets	$	13,813	$	8,314


Current liabilities		7,364		4,746
Non-current liabilities		1,192		896

Total liabilities		8,556		5,642
Equity		5,257		2,672


Total liabilities and equity	$	13,813	$	8,314

FedEx – Columbia Road, Cleveland, Ohio

Summary financial data for FedEx (NYSE: FDX) is presented below for the years ended May 31, 2010, 2009, and 2008 (amounts in millions):


	For the Year Ended May 31,
		2010			2009			2008
Summary Income Information:
Revenues	$	34,734		$	35,497		$	37,953
Operating expenses		32,736			34,750			35,878


Operating income		1,998			747			2,075
Other expenses, net		814			649			950


Net income		1,184			98			1,125


Summary Cash Flow Information:
Cash flows from operating activities	$	3,138		$	2,753		$	3,465
Cash flows from investing activities		(2,781	)		(2,383	)		(2,897	)
Cash flows from financing activities		(692	)		400			(617	)
Effect of changes in exchange rates on cash and cash equivalents		(5	)		(17	)		19


	As of May 31,
	2010		2009
Summary Balance Sheet Information:
Current assets	$	7,284	$	7,116
Non-current assets		17,618		17,128


Total assets	$	24,902	$	24,244


Current liabilities		4,645		4,524
Non-current liabilities		6,446		6,094

Total liabilities		11,091		10,618
Equity		13,811		13,626


Total liabilities and equity	$	24,902	$	24,244

Spectrum – 200 Corporate Drive, Chicago, Illinois

Summary financial data for Spectrum (NYSE: SPB) is presented below for the years ended September 30, 2009, 2008, and 2007 (amounts in thousands):


	For the Year Ended September 30,
	2009			2008			2007
Summary Income Information:
Net sales	$	2,230,536		$	2,426,571		$	2,332,676
Cost of good sold and restructuring		1,414,317			1,506,470			1,456,025


Gross profit		816,219			920,101			876,651
Other expenses, net		(126,937	)		1,851,646			1,473,364


Net income (loss)		943,156			(931,545	)		(596,713	)


Summary Cash Flow Information:
Cash flows from operating activities	$	76,558		$	(10,162	)	$	(32,629	)
Cash flows from investing activities		(19,649	)		(6,267	)		(23,082	)
Cash flows from financing activities		(64,508	)		51,790			93,065
Effect of changes in exchange rates on cash and cash equivalents		626			(441	)		4,069


	As of September 30,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	818,736	$	953,597
Non-current assets		2,202,010		1,293,882


Total assets	$	3,020,746	$	2,247,479


Current liabilities		495,068		582,079
Non-current liabilities		1,864,799		2,692,638

Total liabilities		2,359,867		3,274,717
Equity		660,879		(1,027,238	)


Total liabilities and equity	$	3,020,746	$	2,247,479

Goodyear – 3095 Corporate Drive, Chicago, Illinois; Salem Church Road, Central Pennsylvania; Apache Trail, Dallas, Texas; Business Center, Atlanta, Georgia; Lockburne, Columbus, Ohio; King Mill Court, Atlanta Georgia

Summary financial data for Goodyeat Tire & Rubber (NYSE: GT) is presented below for the years ended December 31, 2009, 2008, and 2007 (amounts in millions):


	For the Year Ended December 31,
	2009			2008			2007
Summary Income Information:
Net sales	$	16,301		$	19,488		$	19,644
Costs and expenses		13,676			16,139			15,911


Gross profit		2,625			3,349			3,733
Other expenses, net		3,000			3,426			3,150


Net (loss) income		(375	)		(77	)		583


Summary Cash Flow Information:
Cash flows from operating activities	$	1,297		$	(739	)	$	105
Cash flows from investing activities		(663	)		(1,058	)		829
Cash flows from financing activities		(654	)		264			(1,435	)
Effect of changes in exchange rates on cash and cash equivalents		48			(36	)		75


	As of December 31,
	2009		2008
Summary Balance Sheet Information:
Current assets	$	7,225	$	8,310
Non-current assets		7,185		6,916


Total assets	$	14,410	$	15,226


Current liabilities		4,095		4,779
Non-current liabilities		9,329		9,194

Total liabilities		13,424		13,973
Equity		986		1,253


Total liabilities and equity	$	14,410	$	15,226

Attached files

Black Creek Diversified Property Fund Inc. Reports

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