Alexandria Real Estate Equities (ARE) FY2022 results: revenue $2.6 billion, up 22.5% on the year
Alexandria Real Estate Equities, Inc. (ARE) reported revenue of $2.6 billion for fiscal 2022, the year ended 31 December 2022, up 22.5% on the year before. Net income was $522 million, down 8.7%, and diluted earnings per share $3.18. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2023.
Revenue
$2.6 billion
+22.5% on the year
FY2015FY2022
Operating margin
17.9%
12.1% a year earlier
FY2015FY2022
Net income
$522 million
-8.7% on the year
FY2015FY2022
Diluted EPS
$3.18
-16.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,294
1,010
883
+28.1%
Capital expenditure
3,307
2,090
1,445
+58.3%
Free cash flow
-2,013
-1,080
-563
Free cash flow margin
-77.8%
-51.1%
-29.8%
Cash from investing
-5,080
-7,107
-3,278
Cash from financing
4,230
5,916
2,750
-28.5%
Depreciation and amortisation
1,002
821
698
+22.1%
Share-based compensation
57.7
48.7
43.5
+18.6%
Buybacks
0.0
n/a
n/a
Dividends paid
758
656
533
+15.5%
Dividend per share
$4.72
$4.48
$4.24
+5.4%
Diluted shares, weighted
162m
147m
126m
+9.6%
Shares outstanding at period end
171m
158m
137m
+8.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
18,972
16,190
11,726
+17.2%
Non-controlling interest
3,701
2,834
1,707
+30.6%
Redeemable equity
9.6
9.6
11.3
0.0%
Debt
10,160
8,792
7,563
+15.6%
Other liabilities
2,680
2,394
1,821
+12.0%
Total liabilities and equity
35,523
30,219
22,828
+17.6%
Fixed assets
23.2
26.4
31.1
-12.3%
Cash and equivalents
825
361
569
+128.4%
Other assets
34,675
29,832
22,228
+16.2%
Total assets
35,523
30,219
22,828
+17.6%
10-K for the year ended 31 December 2022, filed 30 January 2023: the filing.