Acadia Realty Trust (AKR) FY2014 results: revenue $180 million, up 6.8% on the year
Acadia Realty Trust (AKR) reported revenue of $180 million for fiscal 2014, the year ended 31 December 2014, up 6.8% on the year before. Net income was $71 million, up 77.2%, and diluted earnings per share $1.18. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$180 million
+6.8% on the year
FY2009FY2014
Operating margin
28.3%
32.3% a year earlier
FY2009FY2014
Net income
$71 million
+77.2% on the year
FY2009FY2014
Diluted EPS
$1.18
+63.9% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
180
168
115
+6.8%
Operating income
50.9
54.4
27.8
-6.3%
Operating margin
28.3%
32.3%
24.1%
Income tax
0.6
0.0
-0.6
+3,210.5%
Net income
71.1
40.1
39.7
+77.2%
Net margin
39.6%
23.8%
34.5%
Diluted EPS
$1.18
$0.72
$0.85
+63.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
82.5
65.2
59.0
+26.5%
Capital expenditure
140
107
88.8
+31.1%
Free cash flow
-57.6
-41.6
-29.8
Free cash flow margin
-32.1%
-24.7%
-25.9%
Cash from investing
-269
-87.9
-137
Cash from financing
324
10.0
79.7
+3,136.8%
Depreciation and amortisation
49.6
43.1
38.8
+15.3%
Share-based compensation
6.7
7.7
3.4
-12.0%
Buybacks
n/a
n/a
0.8
Dividends paid
53.2
44.1
32.1
+20.6%
Dividend per share
$1.23
$0.86
$0.72
+43.0%
Diluted shares, weighted
59m
55m
46m
+8.1%
Shares outstanding at period end
68m
56m
52m
+22.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,056
704
623
+49.9%
Non-controlling interest
380
417
447
-8.9%
Debt
992
1,040
612
-4.6%
Other liabilities
293
104
226
+182.7%
Total liabilities and equity
2,721
2,265
1,908
+20.1%
Intangible assets
44.6
33.7
28.6
+32.5%
Cash and equivalents
218
79.2
91.8
+174.8%
Other assets
2,459
2,152
1,788
+14.2%
Total assets
2,721
2,265
1,908
+20.1%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.