Alexandria Real Estate Equities (ARE) FY2015 results: revenue $843 million, up 16.0% on the year
Alexandria Real Estate Equities, Inc. (ARE) reported revenue of $843 million for fiscal 2015, the year ended 31 December 2015, up 16.0% on the year before. Net income was $144 million, up 42.0%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2016.
Revenue
$843 million
+16.0% on the year
FY2008FY2015
Operating margin
15.7%
13.6% a year earlier
FY2008FY2015
Net income
$144 million
+42.0% on the year
FY2008FY2015
Diluted EPS
$1.63
+61.4% on the year
FY2008FY2015
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
843
727
631
+16.0%
Operating income
132
98.6
135
+34.0%
Operating margin
15.7%
13.6%
21.3%
Interest expense
106
79.3
68.0
+33.4%
Net income
144
102
136
+42.0%
Net margin
17.1%
14.0%
21.6%
Diluted EPS
$1.63
$1.01
$1.60
+61.4%
$ 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
343
334
313
+2.5%
Capital expenditure
564
498
593
+13.3%
Free cash flow
-222
-163
-281
Free cash flow margin
-26.3%
-22.5%
-44.5%
Cash from investing
-722
-635
-591
Cash from financing
419
331
198
+26.5%
Depreciation and amortisation
261
224
189
+16.6%
Share-based compensation
17.5
14.0
15.6
+25.1%
Dividends paid
218
202
169
+7.8%
Diluted shares, weighted
72m
71m
n/a
+0.5%
Shares outstanding at period end
71m
71m
71m
0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,975
3,828
3,917
+3.8%
Non-controlling interest
305
66.8
47.7
+356.0%
Redeemable equity
14.2
14.3
14.4
-0.7%
Debt
3,966
3,679
3,061
+7.8%
Other liabilities
621
548
490
+13.4%
Total liabilities and equity
8,881
8,136
7,530
+9.2%
Fixed assets
13.7
9.6
n/a
+43.2%
Intangible assets
n/a
-8.8
-11.4
Cash and equivalents
125
86.0
57.7
+45.4%
Other assets
8,742
8,049
7,483
+8.6%
Total assets
8,881
8,136
7,530
+9.2%
10-K for the year ended 31 December 2015, filed 3 February 2016: the filing.