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Saul Centers (BFS) FY2010 results: revenue $163 million, up 1.3% on the year

Saul Centers, Inc. (BFS) reported revenue of $163 million for fiscal 2010, the year ended 31 December 2010, up 1.3% on the year before. Net income was $37 million, up 0.1%, and diluted earnings per share $1.18. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2012.

Revenue
$163 million
+1.3% on the year
FY2009FY2010
Operating margin
27.0%
28.1% a year earlier
FY2009FY2010
Net income
$37 million
+0.1% on the year
FY2009FY2010
Diluted EPS
$1.18
-1.7% on the year
FY2009FY2010

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2010FY2009On the yearLast 8 years
Revenue163161+1.3%
Gross profit121n/a
Gross margin74.3%n/a
Operating income44.045.2-2.7%
Operating margin27.0%28.1%
Interest expense40.5n/a
Net income36.836.7+0.1%
Net margin22.5%22.8%
Diluted EPS$1.18$1.20-1.7%
$ 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

$ millionFY2010FY2009On the yearLast 8 years
Operating cash flow62.968.3-8.0%
Capital expenditure68.973.5-6.3%
Free cash flow-6.0-5.1
Free cash flow margin-3.7%-3.2%
Cash from investing-98.2-80.5
Cash from financing27.719.7+40.5%
Depreciation and amortisation28.628.3+1.1%
Share-based compensation1.00.9+5.5%
Dividends paid26.227.4-4.3%
Dividend per share$1.44$1.50-4.0%
Diluted shares, weighted18mn/a
Shares outstanding at period end19mn/a

Balance sheet

$ millionFY2010FY2009On the yearLast 8 years
Shareholders' equity240226+6.1%
Non-controlling interest-0.1n/a
Debt601n/a
Other liabilities173n/a
Total liabilities and equity1,014n/a
Cash and equivalents13.020.6-37.1%
Other assets1,001n/a
Total assets1,014n/a

10-K for the year ended 31 December 2010, filed 12 March 2012: the filing.