Camden Property Trust (CPT) FY2018 results: revenue $955 million, up 6.0% on the year
Camden Property Trust (CPT) reported revenue of $955 million for fiscal 2018, the year ended 31 December 2018, up 6.0% on the year before. Net income was $156 million, down 20.5%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$955 million
+6.0% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$156 million
-20.5% on the year
FY2011FY2018
Diluted EPS
$1.63
-23.5% 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
955
901
876
+6.0%
Cost of revenue
344
329
n/a
+4.5%
Gross profit
611
572
n/a
+6.8%
Gross margin
64.0%
63.5%
n/a
Interest expense
84.3
86.8
93.1
-2.9%
Net income
156
196
820
-20.5%
Net margin
16.4%
21.8%
93.5%
Diluted EPS
$1.63
$2.13
$9.05
-23.5%
$ 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
504
435
443
+15.9%
Capital expenditure
14.5
299
343
-95.2%
Free cash flow
489
136
100
+260.9%
Free cash flow margin
51.3%
15.0%
11.4%
Cash from investing
-641
-190
690
Cash from financing
-197
-113
-904
Depreciation and amortisation
301
264
250
+14.0%
Share-based compensation
16.7
17.5
20.1
-4.5%
Dividends paid
298
281
663
+6.1%
Dividend per share
$3.08
$3.00
$7.25
+2.7%
Diluted shares, weighted
95m
93m
90m
+3.1%
Shares outstanding at period end
93m
93m
88m
+0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,311
3,405
3,015
-2.8%
Non-controlling interest
73.7
79.4
80.7
-7.1%
Redeemable equity
52.7
77.2
77.0
-31.8%
Debt
2,322
2,205
2,481
+5.3%
Other liabilities
460
407
375
+13.0%
Total liabilities and equity
6,220
6,174
6,028
+0.7%
Investments
n/a
0.0
100
Cash and equivalents
34.4
368
237
-90.7%
Other assets
6,185
5,805
5,691
+6.5%
Total assets
6,220
6,174
6,028
+0.7%
10-K for the year ended 31 December 2018, filed 20 February 2020: the filing.