Douglas Emmett (DEI) FY2014 results: revenue $600 million, up 1.4% on the year
Douglas Emmett Inc. (DEI) reported revenue of $600 million for fiscal 2014, the year ended 31 December 2014, up 1.4% on the year before. Net income was $45 million, down 1.5%, and diluted earnings per share $0.30. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$600 million
+1.4% on the year
FY2008FY2014
Operating margin
28.0%
30.2% a year earlier
FY2008FY2014
Net income
$45 million
-1.5% on the year
FY2008FY2014
Diluted EPS
$0.30
-3.2% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
600
592
579
+1.4%
Operating income
168
179
176
-6.1%
Operating margin
28.0%
30.2%
30.4%
Interest expense
129
131
147
-1.6%
Net income
44.6
45.3
22.9
-1.5%
Net margin
7.4%
7.7%
4.0%
Diluted EPS
$0.30
$0.31
$0.16
-3.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
247
244
210
+1.1%
Capital expenditure
84.4
66.9
60.2
+26.2%
Free cash flow
162
177
150
-8.4%
Free cash flow margin
27.1%
29.9%
25.9%
Cash from investing
-320
-247
-91.5
Cash from financing
47.9
-326
-153
Depreciation and amortisation
203
191
185
+5.8%
Share-based compensation
13.7
10.0
10.6
+37.2%
Dividends paid
115
102
80.1
+12.3%
Dividend per share
$0.81
$0.74
$0.58
+9.5%
Diluted shares, weighted
176m
175m
173m
+0.8%
Shares outstanding at period end
145m
143m
141m
+1.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,943
1,970
1,980
-1.4%
Non-controlling interest
370
397
411
-6.7%
Debt
3,420
3,241
3,441
+5.5%
Other liabilities
206
239
272
-14.1%
Total liabilities and equity
5,939
5,848
6,104
+1.6%
Fixed assets
1.4
n/a
n/a
Intangible assets
3.5
3.7
4.7
-5.8%
Cash and equivalents
18.8
44.2
373
-57.4%
Other assets
5,915
5,800
5,726
+2.0%
Total assets
5,939
5,848
6,104
+1.6%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.