Saul Centers (BFS) FY2013 results: revenue $198 million, up 4.1% on the year
Saul Centers, Inc. (BFS) reported revenue of $198 million for fiscal 2013, the year ended 31 December 2013, up 4.1% on the year before. Net income was $31 million, down 7.5%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2014.
Revenue
$198 million
+4.1% on the year
FY2009FY2013
Operating margin
17.8%
18.5% a year earlier
FY2009FY2013
Net income
$31 million
-7.5% on the year
FY2009FY2013
Diluted EPS
$0.57
-38.7% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
198
190
174
+4.1%
Gross profit
150
143
129
+5.0%
Gross margin
75.8%
75.1%
74.1%
Operating income
35.3
35.1
31.4
+0.5%
Operating margin
17.8%
18.5%
18.1%
Interest expense
45.5
48.0
45.7
-5.2%
Net income
30.9
33.4
26.7
-7.5%
Net margin
15.6%
17.6%
15.4%
Diluted EPS
$0.57
$0.93
$0.61
-38.7%
$ 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
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
73.5
78.4
55.7
-6.2%
Capital expenditure
7.3
7.9
20.8
-7.5%
Free cash flow
66.2
70.5
34.9
-6.1%
Free cash flow margin
33.5%
37.1%
20.1%
Cash from investing
-26.0
-46.9
-202
Cash from financing
-42.3
-31.7
145
Depreciation and amortisation
49.1
40.2
35.4
+22.2%
Share-based compensation
1.1
1.0
0.9
+20.3%
Dividends paid
29.2
28.1
27.1
+3.8%
Dividend per share
$1.44
$1.44
$1.44
0.0%
Diluted shares, weighted
20m
20m
19m
+3.6%
Shares outstanding at period end
21m
20m
19m
+2.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
277
268
250
+3.4%
Non-controlling interest
38.4
39.6
43.4
-2.9%
Debt
820
828
832
-0.9%
Other liabilities
63.5
72.2
67.5
-12.1%
Total liabilities and equity
1,199
1,207
1,193
-0.7%
Cash and equivalents
17.3
12.1
12.3
+42.6%
Other assets
1,181
1,195
1,180
-1.2%
Total assets
1,199
1,207
1,193
-0.7%
10-K for the year ended 31 December 2013, filed 10 March 2014: the filing.