Douglas Emmett (DEI) FY2017 results: revenue $812 million, up 9.4% on the year
Douglas Emmett Inc. (DEI) reported revenue of $812 million for fiscal 2017, the year ended 31 December 2017, up 9.4% on the year before. Net income was $94 million, up 10.6%, and diluted earnings per share $0.58. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$812 million
+9.4% on the year
FY2010FY2017
Operating margin
29.7%
29.7% a year earlier
FY2010FY2017
Net income
$94 million
+10.6% on the year
FY2010FY2017
Diluted EPS
$0.58
+4.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
812
743
636
+9.4%
Operating income
241
221
190
+9.2%
Operating margin
29.7%
29.7%
29.8%
Interest expense
145
146
135
-0.7%
Net income
94.4
85.4
58.4
+10.6%
Net margin
11.6%
11.5%
9.2%
Diluted EPS
$0.58
$0.55
$0.39
+4.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
403
339
271
+18.6%
Capital expenditure
108
91.8
75.5
+18.0%
Free cash flow
294
248
196
+18.9%
Free cash flow margin
36.3%
33.3%
30.8%
Cash from investing
-670
-1,366
-232
Cash from financing
331
1,038
43.1
-68.1%
Depreciation and amortisation
277
249
205
+11.2%
Share-based compensation
18.5
17.4
15.2
+5.9%
Dividends paid
146
131
123
+11.6%
Dividend per share
$0.94
$0.89
$0.85
+5.6%
Diluted shares, weighted
161m
153m
151m
+5.2%
Shares outstanding at period end
170m
152m
147m
+11.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,438
1,921
1,926
+26.9%
Non-controlling interest
1,465
1,093
355
+34.0%
Debt
4,117
4,370
3,611
-5.8%
Other liabilities
273
230
173
+18.7%
Total liabilities and equity
8,293
7,614
6,066
+8.9%
Fixed assets
1.2
1.1
1.4
+5.7%
Intangible assets
4.3
5.1
4.5
-16.6%
Cash and equivalents
177
113
102
+56.4%
Other assets
8,111
7,495
5,958
+8.2%
Total assets
8,293
7,614
6,066
+8.9%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.