Alexandria Real Estate Equities (ARE) FY2013 results: revenue $631 million, up 9.9% on the year
Alexandria Real Estate Equities, Inc. (ARE) reported revenue of $631 million for fiscal 2013, the year ended 31 December 2013, up 9.9% on the year before. Net income was $136 million, up 46.0%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$631 million
+9.9% on the year
FY2008FY2013
Operating margin
21.3%
16.5% a year earlier
FY2008FY2013
Net income
$136 million
+46.0% on the year
FY2008FY2013
Diluted EPS
$1.60
+46.8% on the year
FY2008FY2013
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
631
574
537
+9.9%
Operating income
135
94.8
117
+41.8%
Operating margin
21.3%
16.5%
21.8%
Interest expense
68.0
69.2
63.4
-1.8%
Net income
136
93.3
113
+46.0%
Net margin
21.6%
16.2%
21.1%
Diluted EPS
$1.60
$1.09
$1.73
+46.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
313
306
247
+2.4%
Capital expenditure
593
549
430
+8.1%
Free cash flow
-281
-243
-183
Free cash flow margin
-44.5%
-42.4%
-34.1%
Cash from investing
-591
-558
-734
Cash from financing
198
315
479
-37.3%
Depreciation and amortisation
189
186
151
+1.9%
Share-based compensation
15.6
14.2
11.8
+9.8%
Dividends paid
169
126
107
+33.7%
Diluted shares, weighted
n/a
62m
59m
Shares outstanding at period end
71m
63m
62m
+12.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,917
3,442
3,374
+13.8%
Non-controlling interest
47.7
46.6
42.6
+2.3%
Redeemable equity
14.4
14.6
16.0
-0.8%
Debt
3,061
3,182
2,779
-3.8%
Other liabilities
490
465
362
+5.3%
Total liabilities and equity
7,530
7,150
6,574
+5.3%
Intangible assets
-11.4
-14.7
-17.9
Cash and equivalents
57.7
141
78.5
-59.1%
Other assets
7,483
7,024
6,514
+6.5%
Total assets
7,530
7,150
6,574
+5.3%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.