Apple Hospitality REIT (APLE) FY2016 results: revenue $1.0 billion, up 15.9% on the year
Apple Hospitality REIT, Inc. (APLE) reported revenue of $1.0 billion for fiscal 2016, the year ended 31 December 2016, up 15.9% on the year before. Net income was $145 million, up 23.3%, and diluted earnings per share $0.76. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$1.0 billion
+15.9% on the year
FY2009FY2016
Operating margin
17.8%
15.1% a year earlier
FY2009FY2016
Net income
$145 million
+23.3% on the year
FY2009FY2016
Diluted EPS
$0.76
+16.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,041
898
804
+15.9%
Cost of revenue
583
n/a
n/a
Gross profit
458
n/a
n/a
Gross margin
44.0%
n/a
n/a
Operating income
185
136
32.3
+36.2%
Operating margin
17.8%
15.1%
4.0%
Pre-tax income
145
118
8.8
+22.8%
Income tax
0.4
0.9
2.0
-52.0%
Effective tax rate
0.3%
0.8%
22.4%
Net income
145
117
6.8
+23.3%
Net margin
13.9%
13.1%
0.8%
Diluted EPS
$0.76
$0.65
$0.02
+16.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
331
281
252
+17.8%
Capital expenditure
65.1
62.3
68.0
+4.6%
Free cash flow
266
219
184
+21.6%
Free cash flow margin
25.6%
24.4%
22.9%
Cash from investing
-162
-82.3
-58.4
Cash from financing
-162
-199
-212
Buybacks
7.9
238
2.3
-96.7%
Dividends paid
229
229
233
-0.0%
Dividend per share
$1.20
$1.27
$0.70
-5.5%
Shares outstanding at period end
223m
174m
374m
+27.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,517
2,647
3,015
+32.9%
Debt
1,338
998
707
+34.1%
Other liabilities
125
77.6
58.5
+60.9%
Total liabilities and equity
4,980
3,723
3,780
+33.8%
Cash and equivalents
0.0
0.0
0.0
Other assets
4,980
3,723
3,780
+33.8%
Total assets
4,980
3,723
3,780
+33.8%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.