Bxp (BXP) FY2018 results: revenue $2.7 billion, up 4.4% on the year
Bxp, Inc. (BXP) reported revenue of $2.7 billion for fiscal 2018, the year ended 31 December 2018, up 4.4% on the year before. Net income was $583 million, up 26.0%, and diluted earnings per share $3.70. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$2.7 billion
+4.4% on the year
FY2011FY2018
Operating margin
34.1%
34.9% a year earlier
FY2011FY2018
Net income
$583 million
+26.0% on the year
FY2011FY2018
Diluted EPS
$3.70
+26.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,717
2,602
2,551
+4.4%
Gross profit
1,649
1,605
n/a
+2.7%
Gross margin
60.7%
61.7%
n/a
Operating income
925
908
826
+1.9%
Operating margin
34.1%
34.9%
32.4%
Interest expense
378
374
413
+1.0%
Net income
583
462
513
+26.0%
Net margin
21.5%
17.8%
20.1%
Diluted EPS
$3.70
$2.93
$3.26
+26.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,150
912
1,035
+26.1%
Capital expenditure
190
222
151
-14.7%
Free cash flow
960
689
884
+39.3%
Free cash flow margin
35.3%
26.5%
34.7%
Cash from investing
-1,099
-882
-1,337
Cash from financing
82.5
55.3
-74.6
+49.0%
Depreciation and amortisation
646
618
694
+4.6%
Share-based compensation
40.1
35.4
32.9
+13.4%
Dividends paid
588
527
672
+11.6%
Dividend per share
n/a
$3.05
$2.70
Diluted shares, weighted
155m
154m
154m
+0.2%
Shares outstanding at period end
154m
154m
154m
+0.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,883
5,814
5,786
+1.2%
Non-controlling interest
2,331
2,288
2,146
+1.8%
Redeemable equity
0.0
n/a
n/a
Debt
11,008
10,272
9,796
+7.2%
Other liabilities
1,035
998
1,124
+3.7%
Total liabilities and equity
20,256
19,372
18,852
+4.6%
Cash and equivalents
543
435
357
+25.0%
Other assets
19,713
18,937
18,495
+4.1%
Total assets
20,256
19,372
18,852
+4.6%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.