Saul Centers (BFS) FY2020 results: revenue $225 million, down 2.7% on the year
Saul Centers, Inc. (BFS) reported revenue of $225 million for fiscal 2020, the year ended 31 December 2020, down 2.7% on the year before. Net income was $40 million, down 21.9%, and diluted earnings per share $1.25. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$225 million
-2.7% on the year
FY2013FY2020
Operating margin
22.2%
27.9% a year earlier
FY2013FY2020
Net income
$40 million
-21.9% on the year
FY2013FY2020
Diluted EPS
$1.25
-20.4% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
225
232
227
-2.7%
Cost of revenue
58.4
57.9
55.6
+0.8%
Gross profit
167
174
172
-3.9%
Gross margin
74.1%
75.0%
75.5%
Operating income
50.0
64.6
62.6
-22.6%
Operating margin
22.2%
27.9%
27.5%
Interest expense
46.7
42.1
45.0
+10.9%
Net income
40.4
51.7
50.6
-21.9%
Net margin
17.9%
22.3%
22.2%
Diluted EPS
$1.25
$1.57
$1.60
-20.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
78.4
115
110
-32.1%
Capital expenditure
37.1
114
76.3
-67.4%
Free cash flow
41.3
1.6
34.1
+2,465.1%
Free cash flow margin
18.3%
0.7%
15.0%
Cash from investing
-56.2
-136
-129
Cash from financing
-9.3
19.6
22.0
Depreciation and amortisation
51.1
46.3
45.9
+10.3%
Share-based compensation
1.4
1.9
1.8
-22.6%
Dividends paid
49.4
48.6
46.3
+1.7%
Dividend per share
$2.12
$2.12
$2.08
0.0%
Diluted shares, weighted
23m
23m
22m
+1.3%
Shares outstanding at period end
23m
23m
23m
+1.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
364
375
356
-2.8%
Non-controlling interest
63.2
68.4
69.3
-7.6%
Debt
1,006
983
1,000
+2.4%
Other liabilities
212
192
102
+10.0%
Total liabilities and equity
1,646
1,618
1,527
+1.7%
Cash and equivalents
26.9
13.9
14.6
+93.1%
Other assets
1,619
1,604
1,513
+0.9%
Total assets
1,646
1,618
1,527
+1.7%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.