Bxp (BXP) FY2011 results: revenue $1.8 billion, up 13.5% on the year
Bxp, Inc. (BXP) reported revenue of $1.8 billion for fiscal 2011, the year ended 31 December 2011, up 13.5% on the year before. Net income was $273 million, up 71.4%, and diluted earnings per share $1.86. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$1.8 billion
+13.5% on the year
FY2007FY2011
Operating margin
35.2%
39.5% a year earlier
FY2007FY2011
Net income
$273 million
+71.4% on the year
FY2007FY2011
Diluted EPS
$1.86
+63.2% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,751
1,543
1,518
+13.5%
Operating income
617
609
568
+1.3%
Operating margin
35.2%
39.5%
37.4%
Interest expense
394
378
323
+4.2%
Net income
273
159
231
+71.4%
Net margin
15.6%
10.3%
15.2%
Diluted EPS
$1.86
$1.14
$1.76
+63.2%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
606
376
617
+61.3%
Capital expenditure
62.0
20.7
28.6
+199.6%
Free cash flow
544
355
589
+53.3%
Free cash flow margin
31.1%
23.0%
38.8%
Cash from investing
-90.1
-1,161
-447
Cash from financing
828
-185
1,037
Depreciation and amortisation
439
338
322
+29.8%
Share-based compensation
29.7
32.9
26.6
-9.7%
Dividends paid
333
325
357
+2.4%
Dividend per share
n/a
$0.50
$0.50
Diluted shares, weighted
146m
140m
132m
+4.4%
Shares outstanding at period end
148m
140m
139m
+5.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
4,866
4,373
4,446
+11.3%
Non-controlling interest
548
592
623
-7.4%
Debt
8,704
7,786
n/a
+11.8%
Other liabilities
665
598
7,280
+11.2%
Total liabilities and equity
14,783
13,348
12,349
+10.7%
Cash and equivalents
1,823
479
479
+280.7%
Other assets
12,960
12,869
11,870
+0.7%
Total assets
14,783
13,348
12,349
+10.7%
10-K for the year ended 31 December 2011, filed 28 February 2013: the filing.