Saul Centers (BFS) FY2018 results: revenue $227 million, up 0.4% on the year
Saul Centers, Inc. (BFS) reported revenue of $227 million for fiscal 2018, the year ended 31 December 2018, up 0.4% on the year before. Net income was $51 million, up 4.8%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$227 million
+0.4% on the year
FY2011FY2018
Operating margin
27.5%
26.8% a year earlier
FY2011FY2018
Net income
$51 million
+4.8% on the year
FY2011FY2018
Diluted EPS
$1.60
-1.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
227
226
217
+0.4%
Cost of revenue
55.6
54.7
53.7
+1.6%
Gross profit
172
172
163
-0.0%
Gross margin
75.5%
75.9%
75.3%
Operating income
62.6
60.6
55.7
+3.2%
Operating margin
27.5%
26.8%
25.7%
Interest expense
45.0
47.2
46.9
-4.6%
Net income
50.6
48.3
45.3
+4.8%
Net margin
22.2%
21.3%
20.9%
Diluted EPS
$1.60
$1.63
$1.52
-1.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
110
103
89.1
+6.7%
Capital expenditure
76.3
22.8
27.2
+233.8%
Free cash flow
34.1
80.6
61.9
-57.7%
Free cash flow margin
15.0%
35.6%
28.5%
Cash from investing
-129
-113
-86.3
Cash from financing
22.0
12.4
-4.5
+76.7%
Depreciation and amortisation
45.9
45.7
44.4
+0.4%
Share-based compensation
1.8
1.7
1.6
+5.6%
Dividends paid
46.3
44.6
39.5
+3.9%
Dividend per share
$2.08
$2.04
$1.84
+2.0%
Diluted shares, weighted
22m
22m
22m
+1.9%
Shares outstanding at period end
23m
22m
22m
+2.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
356
334
319
+6.4%
Non-controlling interest
69.3
58.7
54.7
+18.1%
Debt
1,000
959
832
+4.3%
Other liabilities
102
70.7
138
+44.3%
Total liabilities and equity
1,527
1,422
1,343
+7.4%
Cash and equivalents
14.6
10.9
8.3
+33.6%
Other assets
1,513
1,412
1,335
+7.2%
Total assets
1,527
1,422
1,343
+7.4%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.