Bxp (BXP) FY2016 results: revenue $2.6 billion, up 2.4% on the year
Bxp, Inc. (BXP) reported revenue of $2.6 billion for fiscal 2016, the year ended 31 December 2016, up 2.4% on the year before. Net income was $513 million, down 12.1%, and diluted earnings per share $3.26. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$2.6 billion
+2.4% on the year
FY2009FY2016
Operating margin
32.4%
34.1% a year earlier
FY2009FY2016
Net income
$513 million
-12.1% on the year
FY2009FY2016
Diluted EPS
$3.26
-12.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,551
2,491
2,397
+2.4%
Operating income
826
849
802
-2.8%
Operating margin
32.4%
34.1%
33.5%
Interest expense
413
432
456
-4.5%
Net income
513
583
444
-12.1%
Net margin
20.1%
23.4%
18.5%
Diluted EPS
$3.26
$3.72
$2.83
-12.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,035
799
696
+29.4%
Capital expenditure
151
113
82.5
+33.6%
Free cash flow
884
687
613
+28.7%
Free cash flow margin
34.7%
27.6%
25.6%
Cash from investing
-1,337
-280
-665
Cash from financing
-74.6
-1,559
-632
Depreciation and amortisation
694
640
629
+8.6%
Share-based compensation
32.9
29.2
28.1
+12.8%
Dividends paid
672
1,226
840
-45.2%
Dividend per share
$2.70
$3.85
$7.10
-29.9%
Diluted shares, weighted
154m
154m
153m
+0.1%
Shares outstanding at period end
154m
154m
153m
+0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,786
5,709
5,697
+1.3%
Non-controlling interest
2,146
2,177
2,206
-1.5%
Redeemable equity
n/a
0.0
0.6
Debt
9,796
9,189
9,907
+6.6%
Other liabilities
1,124
1,304
2,076
-13.8%
Total liabilities and equity
18,852
18,379
19,887
+2.6%
Cash and equivalents
357
724
1,763
-50.7%
Other assets
18,495
17,656
18,124
+4.8%
Total assets
18,852
18,379
19,887
+2.6%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.