Bxp (BXP) FY2012 results: revenue $1.8 billion, up 5.5% on the year
Bxp, Inc. (BXP) reported revenue of $1.8 billion for fiscal 2012, the year ended 31 December 2012, up 5.5% on the year before. Net income was $290 million, up 6.2%, and diluted earnings per share $1.92. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$1.8 billion
+5.5% on the year
FY2007FY2012
Operating margin
34.7%
35.2% a year earlier
FY2007FY2012
Net income
$290 million
+6.2% on the year
FY2007FY2012
Diluted EPS
$1.92
+3.2% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,847
1,751
1,543
+5.5%
Operating income
640
617
609
+3.8%
Operating margin
34.7%
35.2%
39.5%
Interest expense
411
394
378
+4.3%
Net income
290
273
159
+6.2%
Net margin
15.7%
15.6%
10.3%
Diluted EPS
$1.92
$1.86
$1.14
+3.2%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
643
606
376
+6.0%
Capital expenditure
49.9
62.0
20.7
-19.4%
Free cash flow
593
544
355
+8.9%
Free cash flow margin
32.1%
31.1%
23.0%
Cash from investing
-1,278
-90.1
-1,161
Cash from financing
-146
828
-185
Depreciation and amortisation
454
439
338
+3.4%
Share-based compensation
29.7
29.7
32.9
+0.0%
Dividends paid
373
333
325
+12.1%
Dividend per share
n/a
n/a
$0.50
Diluted shares, weighted
151m
146m
140m
+3.1%
Shares outstanding at period end
152m
148m
140m
+2.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
5,097
4,866
4,373
+4.7%
Non-controlling interest
538
548
592
-1.8%
Debt
8,912
8,704
7,786
+2.4%
Other liabilities
915
665
598
+37.5%
Total liabilities and equity
15,462
14,783
13,348
+4.6%
Cash and equivalents
1,042
1,823
479
-42.8%
Other assets
14,420
12,960
12,869
+11.3%
Total assets
15,462
14,783
13,348
+4.6%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.