Alexandria Real Estate Equities (ARE) FY2012 results: revenue $574 million, up 7.0% on the year
Alexandria Real Estate Equities, Inc. (ARE) reported revenue of $574 million for fiscal 2012, the year ended 31 December 2012, up 7.0% on the year before. Net income was $93 million, down 17.7%, and diluted earnings per share $1.09. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$574 million
+7.0% on the year
FY2008FY2012
Operating margin
16.5%
21.8% a year earlier
FY2008FY2012
Net income
$93 million
-17.7% on the year
FY2008FY2012
Diluted EPS
$1.09
-37.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
574
537
461
+7.0%
Operating income
94.8
117
67.1
-19.1%
Operating margin
16.5%
21.8%
14.6%
Interest expense
69.2
63.4
69.6
+9.1%
Net income
93.3
113
123
-17.7%
Net margin
16.2%
21.1%
26.7%
Diluted EPS
$1.09
$1.73
$2.19
-37.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
306
247
227
+23.7%
Capital expenditure
549
430
424
+27.7%
Free cash flow
-243
-183
-197
Free cash flow margin
-42.4%
-34.1%
-42.8%
Cash from investing
-558
-734
-445
Cash from financing
315
479
238
-34.3%
Depreciation and amortisation
186
151
121
+23.0%
Share-based compensation
14.2
11.8
10.8
+20.5%
Dividends paid
126
107
67.9
+18.3%
Diluted shares, weighted
62m
59m
48m
+5.2%
Shares outstanding at period end
63m
62m
55m
+2.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,442
3,374
2,929
+2.0%
Non-controlling interest
46.6
42.6
41.6
+9.6%
Redeemable equity
14.6
16.0
15.9
-9.2%
Debt
3,182
2,779
2,584
+14.5%
Other liabilities
465
362
335
+28.5%
Total liabilities and equity
7,150
6,574
5,906
+8.8%
Intangible assets
-14.7
-17.9
-27.3
Cash and equivalents
141
78.5
91.2
+79.5%
Other assets
7,024
6,514
5,842
+7.8%
Total assets
7,150
6,574
5,906
+8.8%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.