Saul Centers (BFS) FY2016 results: revenue $217 million, up 3.8% on the year
Saul Centers, Inc. (BFS) reported revenue of $217 million for fiscal 2016, the year ended 31 December 2016, up 3.8% on the year before. Net income was $45 million, up 6.6%, and diluted earnings per share $1.52. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2017.
Revenue
$217 million
+3.8% on the year
FY2009FY2016
Operating margin
25.7%
25.3% a year earlier
FY2009FY2016
Net income
$45 million
+6.6% on the year
FY2009FY2016
Diluted EPS
$1.52
+7.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
217
209
207
+3.8%
Cost of revenue
53.7
n/a
n/a
Gross profit
163
158
158
+3.4%
Gross margin
75.3%
75.5%
76.1%
Operating income
55.7
52.9
51.9
+5.3%
Operating margin
25.7%
25.3%
25.1%
Interest expense
46.9
45.9
45.4
+2.1%
Net income
45.3
42.5
46.9
+6.6%
Net margin
20.9%
20.3%
22.7%
Diluted EPS
$1.52
$1.42
$1.54
+7.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
89.1
88.9
86.6
+0.2%
Capital expenditure
27.2
45.9
17.8
-40.6%
Free cash flow
61.9
43.0
68.8
+43.8%
Free cash flow margin
28.5%
20.6%
33.2%
Cash from investing
-86.3
-69.6
-83.6
Cash from financing
-4.5
-21.4
-8.1
Depreciation and amortisation
44.4
43.3
41.2
+2.7%
Share-based compensation
1.6
1.4
1.2
+11.8%
Dividends paid
39.5
35.6
32.3
+10.7%
Dividend per share
$1.84
$1.69
$1.56
+8.9%
Diluted shares, weighted
22m
21m
21m
+2.0%
Shares outstanding at period end
22m
21m
21m
+2.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
319
303
293
+5.0%
Non-controlling interest
54.7
50.4
46.7
+8.6%
Debt
832
823
852
+1.1%
Other liabilities
138
119
65.9
+16.3%
Total liabilities and equity
1,343
1,295
1,257
+3.7%
Cash and equivalents
8.3
10.0
12.1
-16.8%
Other assets
1,335
1,285
1,245
+3.8%
Total assets
1,343
1,295
1,257
+3.7%
10-K for the year ended 31 December 2016, filed 7 March 2017: the filing.