Douglas Emmett (DEI) FY2016 results: revenue $743 million, up 16.8% on the year
Douglas Emmett Inc. (DEI) reported revenue of $743 million for fiscal 2016, the year ended 31 December 2016, up 16.8% on the year before. Net income was $85 million, up 46.3%, and diluted earnings per share $0.55. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$743 million
+16.8% on the year
FY2009FY2016
Operating margin
29.7%
29.8% a year earlier
FY2009FY2016
Net income
$85 million
+46.3% on the year
FY2009FY2016
Diluted EPS
$0.55
+43.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
743
636
600
+16.8%
Operating income
221
190
168
+16.5%
Operating margin
29.7%
29.8%
28.0%
Interest expense
146
135
129
+7.9%
Net income
85.4
58.4
44.6
+46.3%
Net margin
11.5%
9.2%
7.4%
Diluted EPS
$0.55
$0.39
$0.30
+43.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
339
271
247
+25.1%
Capital expenditure
91.8
75.5
84.4
+21.6%
Free cash flow
248
196
162
+26.4%
Free cash flow margin
33.3%
30.8%
27.1%
Cash from investing
-1,366
-232
-320
Cash from financing
1,038
43.1
47.9
+2,305.9%
Depreciation and amortisation
249
205
203
+21.2%
Share-based compensation
17.4
15.2
13.7
+14.5%
Dividends paid
131
123
115
+6.8%
Dividend per share
$0.89
$0.85
$0.81
+4.7%
Diluted shares, weighted
153m
151m
176m
+1.7%
Shares outstanding at period end
152m
147m
145m
+3.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,921
1,926
1,943
-0.3%
Non-controlling interest
1,093
355
370
+207.6%
Debt
4,370
3,611
3,420
+21.0%
Other liabilities
230
173
206
+32.7%
Total liabilities and equity
7,614
6,066
5,939
+25.5%
Fixed assets
1.1
1.4
1.4
-24.5%
Intangible assets
5.1
4.5
3.5
+14.8%
Cash and equivalents
113
102
18.8
+10.9%
Other assets
7,495
5,958
5,915
+25.8%
Total assets
7,614
6,066
5,939
+25.5%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.