Saul Centers (BFS) FY2019 results: revenue $232 million, up 1.9% on the year
Saul Centers, Inc. (BFS) reported revenue of $232 million for fiscal 2019, the year ended 31 December 2019, up 1.9% on the year before. Net income was $52 million, up 2.3%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$232 million
+1.9% on the year
FY2012FY2019
Operating margin
27.9%
27.5% a year earlier
FY2012FY2019
Net income
$52 million
+2.3% on the year
FY2012FY2019
Diluted EPS
$1.57
-1.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
232
227
226
+1.9%
Cost of revenue
57.9
55.6
54.7
+4.2%
Gross profit
174
172
172
+1.1%
Gross margin
75.0%
75.5%
75.9%
Operating income
64.6
62.6
60.6
+3.3%
Operating margin
27.9%
27.5%
26.8%
Interest expense
42.1
45.0
47.2
-6.6%
Net income
51.7
50.6
48.3
+2.3%
Net margin
22.3%
22.2%
21.3%
Diluted EPS
$1.57
$1.60
$1.63
-1.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
115
110
103
+4.6%
Capital expenditure
114
76.3
22.8
+49.2%
Free cash flow
1.6
34.1
80.6
-95.3%
Free cash flow margin
0.7%
15.0%
35.6%
Cash from investing
-136
-129
-113
Cash from financing
19.6
22.0
12.4
-10.8%
Depreciation and amortisation
46.3
45.9
45.7
+1.0%
Share-based compensation
1.9
1.8
1.7
+5.3%
Dividends paid
48.6
46.3
44.6
+4.9%
Dividend per share
$2.12
$2.08
$2.04
+1.9%
Diluted shares, weighted
23m
22m
22m
+2.8%
Shares outstanding at period end
23m
23m
22m
+2.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
375
356
334
+5.4%
Non-controlling interest
68.4
69.3
58.7
-1.3%
Debt
983
1,000
959
-1.8%
Other liabilities
192
102
70.7
+88.5%
Total liabilities and equity
1,618
1,527
1,422
+5.9%
Cash and equivalents
13.9
14.6
10.9
-4.6%
Other assets
1,604
1,513
1,412
+6.0%
Total assets
1,618
1,527
1,422
+5.9%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.