Douglas Emmett (DEI) FY2018 results: revenue $881 million, up 8.5% on the year
Douglas Emmett Inc. (DEI) reported revenue of $881 million for fiscal 2018, the year ended 31 December 2018, up 8.5% on the year before. Net income was $116 million, up 22.9%, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$881 million
+8.5% on the year
FY2011FY2018
Operating margin
28.6%
29.7% a year earlier
FY2011FY2018
Net income
$116 million
+22.9% on the year
FY2011FY2018
Diluted EPS
$0.68
+17.2% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
881
812
743
+8.5%
Operating income
252
241
221
+4.5%
Operating margin
28.6%
29.7%
29.7%
Interest expense
133
145
146
-8.1%
Net income
116
94.4
85.4
+22.9%
Net margin
13.2%
11.6%
11.5%
Diluted EPS
$0.68
$0.58
$0.55
+17.2%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
433
403
339
+7.5%
Capital expenditure
179
108
91.8
+65.3%
Free cash flow
254
294
248
-13.7%
Free cash flow margin
28.8%
36.3%
33.3%
Cash from investing
-250
-670
-1,366
Cash from financing
-214
331
1,038
Depreciation and amortisation
310
277
249
+12.0%
Share-based compensation
22.3
18.5
17.4
+20.7%
Dividends paid
170
146
131
+16.3%
Dividend per share
$1.01
$0.94
$0.89
+7.4%
Diluted shares, weighted
170m
161m
153m
+5.4%
Shares outstanding at period end
170m
170m
152m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,402
2,438
1,921
-1.4%
Non-controlling interest
1,446
1,465
1,093
-1.3%
Debt
4,134
4,117
4,370
+0.4%
Other liabilities
279
273
230
+2.2%
Total liabilities and equity
8,262
8,293
7,614
-0.4%
Fixed assets
1.1
1.2
1.1
-4.7%
Intangible assets
3.3
4.3
5.1
-24.3%
Cash and equivalents
146
177
113
-17.2%
Other assets
8,111
8,111
7,495
+0.0%
Total assets
8,262
8,293
7,614
-0.4%
10-K for the year ended 31 December 2018, filed 15 February 2019: the filing.