Bxp (BXP) FY2013 results: revenue $2.1 billion, up 15.6% on the year
Bxp, Inc. (BXP) reported revenue of $2.1 billion for fiscal 2013, the year ended 31 December 2013, up 15.6% on the year before. Net income was $750 million, up 158.9%, and diluted earnings per share $4.86. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$2.1 billion
+15.6% on the year
FY2007FY2013
Operating margin
31.8%
34.7% a year earlier
FY2007FY2013
Net income
$750 million
+158.9% on the year
FY2007FY2013
Diluted EPS
$4.86
+153.1% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,136
1,847
1,751
+15.6%
Operating income
678
640
617
+5.9%
Operating margin
31.8%
34.7%
35.2%
Interest expense
447
411
394
+8.7%
Net income
750
290
273
+158.9%
Net margin
35.1%
15.7%
15.6%
Diluted EPS
$4.86
$1.92
$1.86
+153.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
778
643
606
+21.0%
Capital expenditure
73.8
49.9
62.0
+47.8%
Free cash flow
704
593
544
+18.7%
Free cash flow margin
33.0%
32.1%
31.1%
Cash from investing
-533
-1,278
-90.1
Cash from financing
1,078
-146
828
Depreciation and amortisation
565
454
439
+24.5%
Share-based compensation
45.2
29.7
29.7
+52.1%
Dividends paid
451
373
333
+21.0%
Diluted shares, weighted
153m
151m
146m
+1.2%
Shares outstanding at period end
153m
152m
148m
+0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
5,741
5,097
4,866
+12.6%
Non-controlling interest
1,302
538
548
+142.2%
Redeemable equity
51.3
n/a
n/a
Debt
11,342
8,912
8,704
+27.3%
Other liabilities
1,726
915
665
+88.6%
Total liabilities and equity
20,162
15,462
14,783
+30.4%
Cash and equivalents
2,365
1,042
1,823
+127.0%
Other assets
17,797
14,420
12,960
+23.4%
Total assets
20,162
15,462
14,783
+30.4%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.