Alexandria Real Estate Equities (ARE) FY2021 results: revenue $2.1 billion, up 12.1% on the year
Alexandria Real Estate Equities, Inc. (ARE) reported revenue of $2.1 billion for fiscal 2021, the year ended 31 December 2021, up 12.1% on the year before. Net income was $571 million, down 25.9%, and diluted earnings per share $3.82. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2022.
Revenue
$2.1 billion
+12.1% on the year
FY2014FY2021
Operating margin
12.1%
12.9% a year earlier
FY2014FY2021
Net income
$571 million
-25.9% on the year
FY2014FY2021
Diluted EPS
$3.82
-36.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,010
883
684
+14.5%
Capital expenditure
2,090
1,445
1,225
+44.6%
Free cash flow
-1,080
-563
-541
Free cash flow margin
-51.1%
-29.8%
-35.3%
Cash from investing
-7,107
-3,278
-3,641
Cash from financing
5,916
2,750
2,927
+115.1%
Depreciation and amortisation
821
698
545
+17.6%
Share-based compensation
48.7
43.5
43.6
+11.9%
Dividends paid
656
533
447
+23.1%
Dividend per share
$4.48
$4.24
$4.00
+5.7%
Diluted shares, weighted
147m
126m
113m
+16.6%
Shares outstanding at period end
158m
137m
121m
+15.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
16,190
11,726
8,866
+38.1%
Non-controlling interest
2,834
1,707
1,288
+66.1%
Redeemable equity
9.6
11.3
12.3
-15.3%
Debt
8,792
7,563
6,777
+16.2%
Other liabilities
2,394
1,821
1,447
+31.5%
Total liabilities and equity
30,219
22,828
18,391
+32.4%
Fixed assets
26.4
31.1
23.0
-15.1%
Cash and equivalents
361
569
190
-36.4%
Other assets
29,832
22,228
18,178
+34.2%
Total assets
30,219
22,828
18,391
+32.4%
10-K for the year ended 31 December 2021, filed 31 January 2022: the filing.