Bxp (BXP) FY2014 results: revenue $2.4 billion, up 12.2% on the year
Bxp, Inc. (BXP) reported revenue of $2.4 billion for fiscal 2014, the year ended 31 December 2014, up 12.2% on the year before. Net income was $444 million, down 40.8%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$2.4 billion
+12.2% on the year
FY2007FY2014
Operating margin
33.5%
31.8% a year earlier
FY2007FY2014
Net income
$444 million
-40.8% on the year
FY2007FY2014
Diluted EPS
$2.83
-41.8% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,397
2,136
1,847
+12.2%
Operating income
802
678
640
+18.2%
Operating margin
33.5%
31.8%
34.7%
Interest expense
456
447
411
+2.0%
Net income
444
750
290
-40.8%
Net margin
18.5%
35.1%
15.7%
Diluted EPS
$2.83
$4.86
$1.92
-41.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
696
778
643
-10.6%
Capital expenditure
82.5
73.8
49.9
+11.7%
Free cash flow
613
704
593
-12.9%
Free cash flow margin
25.6%
33.0%
32.1%
Cash from investing
-665
-533
-1,278
Cash from financing
-632
1,078
-146
Depreciation and amortisation
629
565
454
+11.2%
Share-based compensation
28.1
45.2
29.7
-37.8%
Dividends paid
840
451
373
+86.3%
Dividend per share
$7.10
n/a
n/a
Diluted shares, weighted
153m
153m
151m
+0.5%
Shares outstanding at period end
153m
153m
152m
+0.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
5,697
5,741
5,097
-0.8%
Non-controlling interest
2,206
1,302
538
+69.3%
Redeemable equity
0.6
51.3
n/a
-98.8%
Debt
9,907
11,342
8,912
-12.6%
Other liabilities
2,076
1,726
915
+20.3%
Total liabilities and equity
19,887
20,162
15,462
-1.4%
Cash and equivalents
1,763
2,365
1,042
-25.5%
Other assets
18,124
17,797
14,420
+1.8%
Total assets
19,887
20,162
15,462
-1.4%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.