Camden Property Trust (CPT) FY2020 results: revenue $1.0 billion, up 1.5% on the year
Camden Property Trust (CPT) reported revenue of $1.0 billion for fiscal 2020, the year ended 31 December 2020, up 1.5% on the year before. Net income was $124 million, down 43.6%, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$1.0 billion
+1.5% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$124 million
-43.6% on the year
FY2013FY2020
Diluted EPS
$1.24
-44.1% 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
1,044
1,028
955
+1.5%
Cost of revenue
395
366
344
+7.8%
Gross profit
649
662
611
-2.0%
Gross margin
62.2%
64.4%
64.0%
Interest expense
91.5
80.7
84.3
+13.4%
Net income
124
220
156
-43.6%
Net margin
11.9%
21.4%
16.4%
Diluted EPS
$1.24
$2.22
$1.63
-44.1%
$ 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
519
556
504
-6.5%
Capital expenditure
7.5
17.2
14.5
-56.4%
Free cash flow
512
538
489
-4.9%
Free cash flow margin
49.0%
52.4%
51.3%
Cash from investing
-430
-792
-641
Cash from financing
307
221
-197
+39.2%
Depreciation and amortisation
367
336
301
+9.2%
Share-based compensation
13.9
15.2
16.7
-8.5%
Dividends paid
333
317
298
+5.1%
Dividend per share
$3.32
$3.20
$3.08
+3.7%
Diluted shares, weighted
99m
99m
95m
+0.1%
Shares outstanding at period end
97m
97m
93m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,445
3,629
3,311
-5.1%
Non-controlling interest
71.7
73.0
73.7
-1.9%
Redeemable equity
n/a
0.0
52.7
Debt
3,167
2,524
2,322
+25.5%
Other liabilities
516
523
460
-1.3%
Total liabilities and equity
7,199
6,749
6,220
+6.7%
Cash and equivalents
420
23.2
34.4
+1,713.5%
Other assets
6,779
6,725
6,185
+0.8%
Total assets
7,199
6,749
6,220
+6.7%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.