Apple Hospitality REIT (APLE) FY2015 results: revenue $898 million, up 11.7% on the year
Apple Hospitality REIT, Inc. (APLE) reported revenue of $898 million for fiscal 2015, the year ended 31 December 2015, up 11.7% on the year before. Net income was $117 million, up 1616.5%, and diluted earnings per share $0.65. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$898 million
+11.7% on the year
FY2009FY2015
Operating margin
15.1%
4.0% a year earlier
FY2009FY2015
Net income
$117 million
+1,616.5% on the year
FY2009FY2015
Diluted EPS
$0.65
+3,150.0% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
898
804
388
+11.7%
Operating income
136
32.3
82.7
+320.8%
Operating margin
15.1%
4.0%
21.3%
Pre-tax income
118
8.8
83.3
+1,242.7%
Income tax
0.9
2.0
1.4
-54.4%
Effective tax rate
0.8%
22.4%
1.7%
Net income
117
6.8
115
+1,616.5%
Net margin
13.1%
0.8%
29.7%
Diluted EPS
$0.65
$0.02
$0.63
+3,150.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
281
252
137
+11.4%
Capital expenditure
62.3
68.0
22.5
-8.4%
Free cash flow
219
184
115
+18.8%
Free cash flow margin
24.4%
22.9%
29.6%
Cash from investing
-82.3
-58.4
25.4
Cash from financing
-199
-212
-154
Buybacks
238
2.3
n/a
+10,013.5%
Dividends paid
229
233
152
-1.8%
Dividend per share
$1.27
$0.70
$0.83
+81.4%
Shares outstanding at period end
174m
374m
183m
-53.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,647
3,015
1,312
-12.2%
Debt
998
707
163
+41.3%
Other liabilities
77.6
58.5
16.9
+32.6%
Total liabilities and equity
3,723
3,780
1,491
-1.5%
Cash and equivalents
0.0
0.0
18.1
Other assets
3,723
3,780
1,473
-1.5%
Total assets
3,723
3,780
1,491
-1.5%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.