Bxp (BXP) FY2020 results: revenue $2.8 billion, down 6.6% on the year
Bxp, Inc. (BXP) reported revenue of $2.8 billion for fiscal 2020, the year ended 31 December 2020, down 6.6% on the year before. Net income was $873 million, up 67.3%, and diluted earnings per share $5.54. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$2.8 billion
-6.6% on the year
FY2013FY2020
Operating margin
32.7%
35.3% a year earlier
FY2013FY2020
Net income
$873 million
+67.3% on the year
FY2013FY2020
Diluted EPS
$5.54
+67.9% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,766
2,961
2,717
-6.6%
Gross profit
1,694
1,826
1,649
-7.2%
Gross margin
61.3%
61.7%
60.7%
Operating income
905
1,046
925
-13.4%
Operating margin
32.7%
35.3%
34.1%
Interest expense
432
413
378
+4.6%
Net income
873
522
583
+67.3%
Net margin
31.6%
17.6%
21.5%
Diluted EPS
$5.54
$3.30
$3.70
+67.9%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,157
1,181
1,150
-2.1%
Capital expenditure
160
181
190
-11.3%
Free cash flow
997
1,001
960
-0.4%
Free cash flow margin
36.0%
33.8%
35.3%
Cash from investing
-614
-1,015
-1,099
Cash from financing
484
-113
82.5
Depreciation and amortisation
684
678
646
+0.9%
Share-based compensation
44.1
41.0
40.1
+7.8%
Dividends paid
689
666
588
+3.4%
Diluted shares, weighted
156m
155m
155m
+0.4%
Shares outstanding at period end
156m
155m
154m
+0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,996
5,685
5,883
+5.5%
Non-controlling interest
2,344
2,330
2,331
+0.6%
Redeemable equity
6.9
8.4
0.0
-17.5%
Debt
13,048
11,812
11,008
+10.5%
Other liabilities
1,464
1,450
1,035
+0.9%
Total liabilities and equity
22,858
21,285
20,256
+7.4%
Cash and equivalents
1,669
645
543
+158.7%
Other assets
21,189
20,640
19,713
+2.7%
Total assets
22,858
21,285
20,256
+7.4%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.