Apple Hospitality REIT (APLE) FY2013 results: revenue $388 million, up 6.1% on the year
Apple Hospitality REIT, Inc. (APLE) reported revenue of $388 million for fiscal 2013, the year ended 31 December 2013, up 6.1% on the year before. Net income was $115 million, up 52.7%, and diluted earnings per share $0.63. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2014.
Revenue
$388 million
+6.1% on the year
FY2009FY2013
Operating margin
21.3%
21.0% a year earlier
FY2009FY2013
Net income
$115 million
+52.7% on the year
FY2009FY2013
Diluted EPS
$0.63
+53.7% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
388
366
320
+6.1%
Operating income
82.7
76.6
55.6
+8.0%
Operating margin
21.3%
21.0%
17.3%
Pre-tax income
83.3
69.8
51.2
+19.3%
Income tax
1.4
1.2
1.1
+22.0%
Effective tax rate
1.7%
1.7%
2.1%
Net income
115
75.5
70.0
+52.7%
Net margin
29.7%
20.6%
21.8%
Diluted EPS
$0.63
$0.41
$0.38
+53.7%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
137
123
116
+11.8%
Capital expenditure
22.5
16.5
15.7
+36.2%
Free cash flow
115
106
100
+8.0%
Free cash flow margin
29.6%
29.1%
31.3%
Cash from investing
25.4
106
-166
-76.0%
Cash from financing
-154
-251
-143
Dividends paid
152
155
160
-2.2%
Dividend per share
$0.83
$0.85
$0.88
-2.4%
Shares outstanding at period end
183m
183m
183m
+0.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,312
1,346
1,564
-2.5%
Debt
163
167
124
-2.5%
Other liabilities
16.9
13.1
13.3
+29.1%
Total liabilities and equity
1,491
1,526
1,701
-2.3%
Cash and equivalents
18.1
9.0
30.7
+100.5%
Other assets
1,473
1,517
1,670
-2.9%
Total assets
1,491
1,526
1,701
-2.3%
10-K for the year ended 31 December 2013, filed 11 March 2014: the filing.