Bxp (BXP) FY2017 results: revenue $2.6 billion, up 2.0% on the year
Bxp, Inc. (BXP) reported revenue of $2.6 billion for fiscal 2017, the year ended 31 December 2017, up 2.0% on the year before. Net income was $462 million, down 9.8%, and diluted earnings per share $2.93. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$2.6 billion
+2.0% on the year
FY2010FY2017
Operating margin
34.9%
32.4% a year earlier
FY2010FY2017
Net income
$462 million
-9.8% on the year
FY2010FY2017
Diluted EPS
$2.93
-10.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,602
2,551
2,491
+2.0%
Gross profit
1,605
n/a
n/a
Gross margin
61.7%
n/a
n/a
Operating income
908
826
849
+10.0%
Operating margin
34.9%
32.4%
34.1%
Interest expense
374
413
432
-9.3%
Net income
462
513
583
-9.8%
Net margin
17.8%
20.1%
23.4%
Diluted EPS
$2.93
$3.26
$3.72
-10.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
912
1,035
799
-11.8%
Capital expenditure
222
151
113
+47.7%
Free cash flow
689
884
687
-22.0%
Free cash flow margin
26.5%
34.7%
27.6%
Cash from investing
-882
-1,337
-280
Cash from financing
55.3
-74.6
-1,559
Depreciation and amortisation
618
694
640
-11.1%
Share-based compensation
35.4
32.9
29.2
+7.4%
Dividends paid
527
672
1,226
-21.6%
Dividend per share
$3.05
$2.70
$3.85
+13.0%
Diluted shares, weighted
154m
154m
154m
+0.3%
Shares outstanding at period end
154m
154m
154m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
5,814
5,786
5,709
+0.5%
Non-controlling interest
2,288
2,146
2,177
+6.7%
Redeemable equity
n/a
n/a
0.0
Debt
10,272
9,796
9,189
+4.9%
Other liabilities
998
1,124
1,304
-11.2%
Total liabilities and equity
19,372
18,852
18,379
+2.8%
Cash and equivalents
435
357
724
+21.8%
Other assets
18,937
18,495
17,656
+2.4%
Total assets
19,372
18,852
18,379
+2.8%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.