Saul Centers (BFS) FY2014 results: revenue $207 million, up 4.6% on the year
Saul Centers, Inc. (BFS) reported revenue of $207 million for fiscal 2014, the year ended 31 December 2014, up 4.6% on the year before. Net income was $47 million, up 52.1%, and diluted earnings per share $1.54. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2015.
Revenue
$207 million
+4.6% on the year
FY2009FY2014
Operating margin
25.1%
17.8% a year earlier
FY2009FY2014
Net income
$47 million
+52.1% on the year
FY2009FY2014
Diluted EPS
$1.54
+170.2% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
207
198
190
+4.6%
Gross profit
158
150
143
+5.1%
Gross margin
76.1%
75.8%
75.1%
Operating income
51.9
35.3
35.1
+47.2%
Operating margin
25.1%
17.8%
18.5%
Interest expense
45.4
45.5
48.0
-0.2%
Net income
46.9
30.9
33.4
+52.1%
Net margin
22.7%
15.6%
17.6%
Diluted EPS
$1.54
$0.57
$0.93
+170.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
86.6
73.5
78.4
+17.7%
Capital expenditure
17.8
7.3
7.9
+143.1%
Free cash flow
68.8
66.2
70.5
+3.9%
Free cash flow margin
33.2%
33.5%
37.1%
Cash from investing
-83.6
-26.0
-46.9
Cash from financing
-8.1
-42.3
-31.7
Depreciation and amortisation
41.2
49.1
40.2
-16.1%
Share-based compensation
1.2
1.1
1.0
+8.3%
Dividends paid
32.3
29.2
28.1
+10.8%
Dividend per share
$1.56
$1.44
$1.44
+8.3%
Diluted shares, weighted
21m
20m
20m
+2.1%
Shares outstanding at period end
21m
21m
20m
+1.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
293
277
268
+5.7%
Non-controlling interest
46.7
38.4
39.6
+21.5%
Debt
852
820
828
+3.9%
Other liabilities
65.9
63.5
72.2
+3.7%
Total liabilities and equity
1,257
1,199
1,207
+4.9%
Cash and equivalents
12.1
17.3
12.1
-29.9%
Other assets
1,245
1,181
1,195
+5.4%
Total assets
1,257
1,199
1,207
+4.9%
10-K for the year ended 31 December 2014, filed 6 March 2015: the filing.