Alexandria Real Estate Equities (ARE) FY2016 results: revenue $922 million, up 9.3% on the year
Alexandria Real Estate Equities, Inc. (ARE) reported revenue of $922 million for fiscal 2016, the year ended 31 December 2016, up 9.3% on the year before. Net income was -$66 million, and diluted earnings per share $-1.99. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2019.
Revenue
$922 million
+9.3% on the year
FY2009FY2016
Operating margin
-5.8%
15.7% a year earlier
FY2009FY2016
Net income
-$66 million
FY2009FY2016
Diluted EPS
-$1.99
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
922
843
727
+9.3%
Operating income
-53.4
132
98.6
Operating margin
-5.8%
15.7%
13.6%
Interest expense
107
106
79.3
+1.1%
Net income
-65.9
144
102
Net margin
-7.1%
17.1%
14.0%
Diluted EPS
-$1.99
$1.63
$1.01
$ 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
393
343
334
+14.8%
Capital expenditure
822
564
498
+45.6%
Free cash flow
-428
-222
-163
Free cash flow margin
-46.5%
-26.3%
-22.5%
Cash from investing
-1,497
-722
-635
Cash from financing
1,094
419
331
+161.0%
Depreciation and amortisation
313
261
224
+19.9%
Share-based compensation
25.4
17.5
14.0
+45.2%
Dividends paid
240
218
202
+10.2%
Diluted shares, weighted
76m
72m
71m
+6.4%
Shares outstanding at period end
88m
71m
71m
+22.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,896
3,975
3,828
+23.2%
Non-controlling interest
475
305
66.8
+56.0%
Redeemable equity
11.3
14.2
14.3
-20.5%
Debt
4,164
3,966
3,679
+5.0%
Other liabilities
809
621
548
+30.2%
Total liabilities and equity
10,355
8,881
8,136
+16.6%
Fixed assets
12.8
13.7
9.6
-6.2%
Intangible assets
n/a
n/a
-8.8
Cash and equivalents
125
125
86.0
-0.1%
Other assets
10,217
8,742
8,049
+16.9%
Total assets
10,355
8,881
8,136
+16.6%
10-K for the year ended 31 December 2016, filed 5 February 2019: the filing.