Bxp (BXP) FY2019 results: revenue $3.0 billion, up 9.0% on the year
Bxp, Inc. (BXP) reported revenue of $3.0 billion for fiscal 2019, the year ended 31 December 2019, up 9.0% on the year before. Net income was $522 million, down 10.5%, and diluted earnings per share $3.30. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$3.0 billion
+9.0% on the year
FY2012FY2019
Operating margin
35.3%
34.1% a year earlier
FY2012FY2019
Net income
$522 million
-10.5% on the year
FY2012FY2019
Diluted EPS
$3.30
-10.8% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,961
2,717
2,602
+9.0%
Gross profit
1,826
1,649
1,605
+10.7%
Gross margin
61.7%
60.7%
61.7%
Operating income
1,046
925
908
+13.0%
Operating margin
35.3%
34.1%
34.9%
Interest expense
413
378
374
+9.1%
Net income
522
583
462
-10.5%
Net margin
17.6%
21.5%
17.8%
Diluted EPS
$3.30
$3.70
$2.93
-10.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,181
1,150
912
+2.7%
Capital expenditure
181
190
222
-4.9%
Free cash flow
1,001
960
689
+4.2%
Free cash flow margin
33.8%
35.3%
26.5%
Cash from investing
-1,015
-1,099
-882
Cash from financing
-113
82.5
55.3
Depreciation and amortisation
678
646
618
+5.0%
Share-based compensation
41.0
40.1
35.4
+2.1%
Dividends paid
666
588
527
+13.4%
Dividend per share
n/a
n/a
$3.05
Diluted shares, weighted
155m
155m
154m
+0.1%
Shares outstanding at period end
155m
154m
154m
+0.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,685
5,883
5,814
-3.4%
Non-controlling interest
2,330
2,331
2,288
-0.1%
Redeemable equity
8.4
0.0
n/a
Debt
11,812
11,008
10,272
+7.3%
Other liabilities
1,450
1,035
998
+40.2%
Total liabilities and equity
21,285
20,256
19,372
+5.1%
Cash and equivalents
645
543
435
+18.7%
Other assets
20,640
19,713
18,937
+4.7%
Total assets
21,285
20,256
19,372
+5.1%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.