Saul Centers (BFS) FY2017 results: revenue $226 million, up 4.3% on the year
Saul Centers, Inc. (BFS) reported revenue of $226 million for fiscal 2017, the year ended 31 December 2017, up 4.3% on the year before. Net income was $48 million, up 6.6%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$226 million
+4.3% on the year
FY2010FY2017
Operating margin
26.8%
25.7% a year earlier
FY2010FY2017
Net income
$48 million
+6.6% on the year
FY2010FY2017
Diluted EPS
$1.63
+7.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
226
217
209
+4.3%
Cost of revenue
54.7
53.7
n/a
+1.8%
Gross profit
172
163
158
+5.1%
Gross margin
75.9%
75.3%
75.5%
Operating income
60.6
55.7
52.9
+8.8%
Operating margin
26.8%
25.7%
25.3%
Interest expense
47.2
46.9
45.9
+0.8%
Net income
48.3
45.3
42.5
+6.6%
Net margin
21.3%
20.9%
20.3%
Diluted EPS
$1.63
$1.52
$1.42
+7.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
103
89.1
88.9
+16.1%
Capital expenditure
22.8
27.2
45.9
-16.1%
Free cash flow
80.6
61.9
43.0
+30.3%
Free cash flow margin
35.6%
28.5%
20.6%
Cash from investing
-113
-86.3
-69.6
Cash from financing
12.4
-4.5
-21.4
Depreciation and amortisation
45.7
44.4
43.3
+2.9%
Share-based compensation
1.7
1.6
1.4
+4.3%
Dividends paid
44.6
39.5
35.6
+12.9%
Dividend per share
$2.04
$1.84
$1.69
+10.9%
Diluted shares, weighted
22m
22m
21m
+1.8%
Shares outstanding at period end
22m
22m
21m
+1.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
334
319
303
+5.0%
Non-controlling interest
58.7
54.7
50.4
+7.2%
Debt
959
832
823
+15.3%
Other liabilities
70.7
138
119
-48.8%
Total liabilities and equity
1,422
1,343
1,295
+5.9%
Cash and equivalents
10.9
8.3
10.0
+31.1%
Other assets
1,412
1,335
1,285
+5.8%
Total assets
1,422
1,343
1,295
+5.9%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.