Douglas Emmett (DEI) FY2013 results: revenue $592 million, up 2.2% on the year
Douglas Emmett Inc. (DEI) reported revenue of $592 million for fiscal 2013, the year ended 31 December 2013, up 2.2% on the year before. Net income was $45 million, up 97.5%, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$592 million
+2.2% on the year
FY2008FY2013
Operating margin
30.2%
30.4% a year earlier
FY2008FY2013
Net income
$45 million
+97.5% on the year
FY2008FY2013
Diluted EPS
$0.31
+93.8% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
592
579
575
+2.2%
Operating income
179
176
152
+1.6%
Operating margin
30.2%
30.4%
26.5%
Interest expense
131
147
148
-11.0%
Net income
45.3
22.9
1.5
+97.5%
Net margin
7.7%
4.0%
0.3%
Diluted EPS
$0.31
$0.16
$0.01
+93.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
244
210
209
+16.0%
Capital expenditure
66.9
60.2
56.0
+11.2%
Free cash flow
177
150
153
+17.9%
Free cash flow margin
29.9%
25.9%
26.6%
Cash from investing
-247
-91.5
-61.0
Cash from financing
-326
-153
-13.3
Depreciation and amortisation
191
185
206
+3.5%
Share-based compensation
10.0
10.6
8.0
-5.4%
Buybacks
n/a
n/a
0.0
Dividends paid
102
80.1
57.8
+27.9%
Dividend per share
$0.74
$0.58
$0.46
+27.6%
Diluted shares, weighted
175m
173m
160m
+1.0%
Shares outstanding at period end
143m
141m
131m
+1.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,970
1,980
1,865
-0.5%
Non-controlling interest
397
411
451
-3.4%
Debt
3,241
3,441
3,624
-5.8%
Other liabilities
239
272
291
-12.0%
Total liabilities and equity
5,848
6,104
6,232
-4.2%
Intangible assets
3.7
4.7
6.4
-20.5%
Cash and equivalents
44.2
373
407
-88.2%
Other assets
5,800
5,726
5,818
+1.3%
Total assets
5,848
6,104
6,232
-4.2%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.