Camden Property Trust (CPT) FY2019 results: revenue $1.0 billion, up 7.7% on the year
Camden Property Trust (CPT) reported revenue of $1.0 billion for fiscal 2019, the year ended 31 December 2019, up 7.7% on the year before. Net income was $220 million, up 40.7%, and diluted earnings per share $2.22. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$1.0 billion
+7.7% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$220 million
+40.7% on the year
FY2012FY2019
Diluted EPS
$2.22
+36.2% 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
1,028
955
901
+7.7%
Cost of revenue
366
344
329
+6.6%
Gross profit
662
611
572
+8.4%
Gross margin
64.4%
64.0%
63.5%
Interest expense
80.7
84.3
86.8
-4.2%
Net income
220
156
196
+40.7%
Net margin
21.4%
16.4%
21.8%
Diluted EPS
$2.22
$1.63
$2.13
+36.2%
$ 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
556
504
435
+10.3%
Capital expenditure
17.2
14.5
299
+18.6%
Free cash flow
538
489
136
+10.0%
Free cash flow margin
52.4%
51.3%
15.0%
Cash from investing
-792
-641
-190
Cash from financing
221
-197
-113
Depreciation and amortisation
336
301
264
+11.7%
Share-based compensation
15.2
16.7
17.5
-9.0%
Dividends paid
317
298
281
+6.5%
Dividend per share
$3.20
$3.08
$3.00
+3.9%
Diluted shares, weighted
99m
95m
93m
+4.2%
Shares outstanding at period end
97m
93m
93m
+4.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,629
3,311
3,405
+9.6%
Non-controlling interest
73.0
73.7
79.4
-0.9%
Redeemable equity
0.0
52.7
77.2
Debt
2,524
2,322
2,205
+8.7%
Other liabilities
523
460
407
+13.6%
Total liabilities and equity
6,749
6,220
6,174
+8.5%
Investments
n/a
n/a
0.0
Cash and equivalents
23.2
34.4
368
-32.6%
Other assets
6,725
6,185
5,805
+8.7%
Total assets
6,749
6,220
6,174
+8.5%
10-K for the year ended 31 December 2019, filed 20 February 2020: the filing.