Apple Hospitality REIT (APLE) FY2014 results: revenue $804 million, up 107.2% on the year
Apple Hospitality REIT, Inc. (APLE) reported revenue of $804 million for fiscal 2014, the year ended 31 December 2014, up 107.2% on the year before. Net income was $7 million, down 94.1%, and diluted earnings per share $0.02. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2015.
Revenue
$804 million
+107.2% on the year
FY2009FY2014
Operating margin
4.0%
21.3% a year earlier
FY2009FY2014
Net income
$7 million
-94.1% on the year
FY2009FY2014
Diluted EPS
$0.02
-96.8% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
804
388
366
+107.2%
Operating income
32.3
82.7
76.6
-60.9%
Operating margin
4.0%
21.3%
21.0%
Pre-tax income
8.8
83.3
69.8
-89.4%
Income tax
2.0
1.4
1.2
+38.5%
Effective tax rate
22.4%
1.7%
1.7%
Net income
6.8
115
75.5
-94.1%
Net margin
0.8%
29.7%
20.6%
Diluted EPS
$0.02
$0.63
$0.41
-96.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
252
137
123
+83.5%
Capital expenditure
68.0
22.5
16.5
+202.1%
Free cash flow
184
115
106
+60.3%
Free cash flow margin
22.9%
29.6%
29.1%
Cash from investing
-58.4
25.4
106
Cash from financing
-212
-154
-251
Buybacks
2.3
n/a
n/a
Dividends paid
233
152
155
+54.0%
Dividend per share
$0.70
$0.83
$0.85
-15.7%
Shares outstanding at period end
374m
183m
183m
+104.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
3,015
1,312
1,346
+129.8%
Debt
707
163
167
+334.7%
Other liabilities
58.5
16.9
13.1
+245.9%
Total liabilities and equity
3,780
1,491
1,526
+153.5%
Cash and equivalents
0.0
18.1
9.0
Other assets
3,780
1,473
1,517
+156.6%
Total assets
3,780
1,491
1,526
+153.5%
10-K for the year ended 31 December 2014, filed 6 March 2015: the filing.