Acadia Realty Trust (AKR) FY2013 results: revenue $168 million, up 46.4% on the year
Acadia Realty Trust (AKR) reported revenue of $168 million for fiscal 2013, the year ended 31 December 2013, up 46.4% on the year before. Net income was $40 million, up 1.0%, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$168 million
+46.4% on the year
FY2009FY2013
Operating margin
32.3%
24.1% a year earlier
FY2009FY2013
Net income
$40 million
+1.0% on the year
FY2009FY2013
Diluted EPS
$0.72
-15.3% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
168
115
97.9
+46.4%
Operating income
54.4
27.8
25.9
+95.9%
Operating margin
32.3%
24.1%
26.4%
Income tax
0.0
-0.6
0.5
Net income
40.1
39.7
51.6
+1.0%
Net margin
23.8%
34.5%
52.7%
Diluted EPS
$0.72
$0.85
$1.26
-15.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
65.2
59.0
65.7
+10.6%
Capital expenditure
107
88.8
65.1
+20.4%
Free cash flow
-41.6
-29.8
0.6
Free cash flow margin
-24.7%
-25.9%
0.6%
Cash from investing
-87.9
-137
-153
Cash from financing
10.0
79.7
56.7
-87.4%
Depreciation and amortisation
43.1
38.8
33.7
+11.1%
Share-based compensation
7.7
3.4
3.7
+128.9%
Buybacks
n/a
0.8
0.7
Dividends paid
44.1
32.1
29.0
+37.2%
Dividend per share
$0.86
$0.72
$0.72
+19.4%
Diluted shares, weighted
55m
46m
41m
+18.6%
Shares outstanding at period end
56m
52m
43m
+6.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
704
623
384
+13.1%
Non-controlling interest
417
447
385
-6.7%
Debt
1,040
612
648
+69.8%
Other liabilities
104
226
236
-54.1%
Total liabilities and equity
2,265
1,908
1,653
+18.7%
Intangible assets
33.7
28.6
26.7
+17.8%
Cash and equivalents
79.2
91.8
89.8
-13.7%
Other assets
2,152
1,788
1,537
+20.4%
Total assets
2,265
1,908
1,653
+18.7%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.