Acadia Realty Trust (AKR) FY2015 results: revenue $199 million, up 10.8% on the year
Acadia Realty Trust (AKR) reported revenue of $199 million for fiscal 2015, the year ended 31 December 2015, up 10.8% on the year before. Net income was $66 million, down 7.5%, and diluted earnings per share $0.94. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$199 million
+10.8% on the year
FY2009FY2015
Operating margin
22.3%
28.3% a year earlier
FY2009FY2015
Net income
$66 million
-7.5% on the year
FY2009FY2015
Diluted EPS
$0.94
-20.3% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
199
180
168
+10.8%
Operating income
44.5
50.9
54.4
-12.7%
Operating margin
22.3%
28.3%
32.3%
Income tax
1.8
0.6
0.0
+184.1%
Net income
65.7
71.1
40.1
-7.5%
Net margin
33.0%
39.6%
23.8%
Diluted EPS
$0.94
$1.18
$0.72
-20.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
114
82.5
65.2
+37.7%
Capital expenditure
164
140
107
+17.3%
Free cash flow
-50.7
-57.6
-41.6
Free cash flow margin
-25.5%
-32.1%
-24.7%
Cash from investing
-355
-269
-87.9
Cash from financing
96.1
324
10.0
-70.4%
Depreciation and amortisation
60.8
49.6
43.1
+22.4%
Share-based compensation
7.4
6.7
7.7
+10.3%
Dividends paid
86.4
53.2
44.1
+62.3%
Dividend per share
$1.22
$1.23
$0.86
-0.8%
Diluted shares, weighted
69m
59m
55m
+15.9%
Shares outstanding at period end
70m
68m
56m
+3.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,100
1,056
704
+4.3%
Non-controlling interest
421
380
417
+10.6%
Debt
1,359
992
1,040
+37.0%
Other liabilities
152
293
104
-48.0%
Total liabilities and equity
3,032
2,721
2,265
+11.5%
Intangible assets
52.6
44.6
33.7
+17.9%
Cash and equivalents
72.8
218
79.2
-66.6%
Other assets
2,907
2,459
2,152
+18.2%
Total assets
3,032
2,721
2,265
+11.5%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.