Acadia Realty Trust (AKR) FY2017 results: revenue $249 million, up 30.9% on the year
Acadia Realty Trust (AKR) reported revenue of $249 million for fiscal 2017, the year ended 31 December 2017, up 30.9% on the year before. Net income was $61 million, down 15.5%, and diluted earnings per share $0.73. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$249 million
+30.9% on the year
FY2010FY2017
Operating margin
26.6%
11.5% a year earlier
FY2010FY2017
Net income
$61 million
-15.5% on the year
FY2010FY2017
Diluted EPS
$0.73
-22.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
249
190
199
+30.9%
Operating income
66.2
21.9
44.5
+202.5%
Operating margin
26.6%
11.5%
22.3%
Pre-tax income
65.3
52.5
n/a
+24.4%
Income tax
1.0
-0.1
1.8
Effective tax rate
1.5%
-0.2%
n/a
Net income
61.5
72.8
65.7
-15.5%
Net margin
24.7%
38.3%
33.0%
Diluted EPS
$0.73
$0.94
$0.94
-22.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
115
110
114
+4.4%
Capital expenditure
108
149
164
-27.6%
Free cash flow
6.5
-39.6
-50.7
Free cash flow margin
2.6%
-20.8%
-25.5%
Cash from investing
4.1
-614
-355
Cash from financing
-128
488
96.1
Depreciation and amortisation
105
70.0
60.8
+49.9%
Share-based compensation
11.2
13.7
7.4
-18.5%
Dividends paid
99.5
91.3
86.4
+9.0%
Dividend per share
$1.05
$1.16
$1.22
-9.5%
Diluted shares, weighted
84m
76m
69m
+9.8%
Shares outstanding at period end
84m
84m
70m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,567
1,589
1,100
-1.3%
Non-controlling interest
648
590
421
+10.0%
Debt
1,424
1,489
1,359
-4.3%
Other liabilities
320
329
152
-2.7%
Total liabilities and equity
3,960
3,996
3,032
-0.9%
Intangible assets
128
115
52.6
+11.3%
Cash and equivalents
74.8
71.8
72.8
+4.2%
Other assets
3,758
3,810
2,907
-1.4%
Total assets
3,960
3,996
3,032
-0.9%
10-K for the year ended 31 December 2017, filed 19 February 2019: the filing.