Acadia Realty Trust (AKR) FY2020 results: revenue $251 million, down 13.4% on the year
Acadia Realty Trust (AKR) reported revenue of $251 million for fiscal 2020, the year ended 31 December 2020, down 13.4% on the year before. Net income was -$9 million, and diluted earnings per share $-0.11. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$251 million
-13.4% on the year
FY2013FY2020
Operating margin
-45.9%
25.2% a year earlier
FY2013FY2020
Net income
-$9 million
FY2013FY2020
Diluted EPS
-$0.11
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
251
290
260
-13.4%
Operating income
-115
73.1
32.7
Operating margin
-45.9%
25.2%
12.6%
Pre-tax income
-65.4
24.7
-14.8
Income tax
0.3
1.5
0.9
-81.6%
Effective tax rate
n/a
5.9%
n/a
Net income
-9.0
53.7
31.4
Net margin
-3.6%
18.5%
12.1%
Diluted EPS
-$0.11
$0.63
$0.38
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
104
131
96.1
-20.9%
Capital expenditure
36.6
89.3
94.8
-59.0%
Free cash flow
67.4
42.1
1.2
+60.0%
Free cash flow margin
26.8%
14.5%
0.5%
Cash from investing
-101
-411
-137
Cash from financing
-1.3
274
-10.3
Depreciation and amortisation
147
123
118
+20.1%
Share-based compensation
10.9
10.0
12.9
+9.1%
Buybacks
n/a
n/a
55.1
Dividends paid
50.2
93.9
88.9
-46.6%
Dividend per share
$0.29
$1.13
$1.09
-74.3%
Diluted shares, weighted
86m
84m
82m
+2.4%
Shares outstanding at period end
86m
87m
82m
-0.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,441
1,542
1,460
-6.5%
Non-controlling interest
609
645
622
-5.5%
Debt
1,708
1,708
1,551
-0.0%
Other liabilities
373
357
326
+4.5%
Total liabilities and equity
4,131
4,252
3,959
-2.8%
Intangible assets
100
117
116
-14.0%
Cash and equivalents
18.7
14.1
20.1
+32.2%
Other assets
4,012
4,121
3,823
-2.6%
Total assets
4,131
4,252
3,959
-2.8%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.