Acadia Realty Trust (AKR) FY2016 results: revenue $190 million, down 4.6% on the year
Acadia Realty Trust (AKR) reported revenue of $190 million for fiscal 2016, the year ended 31 December 2016, down 4.6% on the year before. Net income was $73 million, up 10.8%, 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 2019.
Revenue
$190 million
-4.6% on the year
FY2009FY2016
Operating margin
11.5%
22.3% a year earlier
FY2009FY2016
Net income
$73 million
+10.8% on the year
FY2009FY2016
Diluted EPS
$0.94
0.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
190
199
180
-4.6%
Operating income
21.9
44.5
50.9
-50.8%
Operating margin
11.5%
22.3%
28.3%
Pre-tax income
52.5
n/a
n/a
Income tax
-0.1
1.8
0.6
Effective tax rate
-0.2%
n/a
n/a
Net income
72.8
65.7
71.1
+10.8%
Net margin
38.3%
33.0%
39.6%
Diluted EPS
$0.94
$0.94
$1.18
0.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
110
114
82.5
-3.3%
Capital expenditure
149
164
140
-9.1%
Free cash flow
-39.6
-50.7
-57.6
Free cash flow margin
-20.8%
-25.5%
-32.1%
Cash from investing
-614
-355
-269
Cash from financing
488
96.1
324
+408.2%
Depreciation and amortisation
70.0
60.8
49.6
+15.2%
Share-based compensation
13.7
7.4
6.7
+84.1%
Dividends paid
91.3
86.4
53.2
+5.8%
Dividend per share
$1.16
$1.22
$1.23
-4.9%
Diluted shares, weighted
76m
69m
59m
+10.7%
Shares outstanding at period end
84m
70m
68m
+19.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,589
1,100
1,056
+44.4%
Non-controlling interest
590
421
380
+40.1%
Debt
1,489
1,359
992
+9.6%
Other liabilities
329
152
293
+116.0%
Total liabilities and equity
3,996
3,032
2,721
+31.8%
Intangible assets
115
52.6
44.6
+117.9%
Cash and equivalents
71.8
72.8
218
-1.3%
Other assets
3,810
2,907
2,459
+31.1%
Total assets
3,996
3,032
2,721
+31.8%
10-K for the year ended 31 December 2016, filed 19 February 2019: the filing.