Douglas Emmett (DEI) FY2019 results: revenue $937 million, up 6.3% on the year
Douglas Emmett Inc. (DEI) reported revenue of $937 million for fiscal 2019, the year ended 31 December 2019, up 6.3% on the year before. Net income was $364 million, up 213.3%, and diluted earnings per share $2.09. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$937 million
+6.3% on the year
FY2012FY2019
Operating margin
25.9%
28.6% a year earlier
FY2012FY2019
Net income
$364 million
+213.3% on the year
FY2012FY2019
Diluted EPS
$2.09
+207.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
937
881
812
+6.3%
Operating income
243
252
241
-3.7%
Operating margin
25.9%
28.6%
29.7%
Interest expense
143
133
145
+7.4%
Net income
364
116
94.4
+213.3%
Net margin
38.8%
13.2%
11.6%
Diluted EPS
$2.09
$0.68
$0.58
+207.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
470
433
403
+8.5%
Capital expenditure
176
179
108
-1.5%
Free cash flow
293
254
294
+15.4%
Free cash flow margin
31.3%
28.8%
36.3%
Cash from investing
-650
-250
-670
Cash from financing
188
-214
331
Depreciation and amortisation
358
310
277
+15.5%
Share-based compensation
18.4
22.3
18.5
-17.7%
Dividends paid
180
170
146
+5.8%
Dividend per share
$1.06
$1.01
$0.94
+5.0%
Diluted shares, weighted
173m
170m
161m
+2.0%
Shares outstanding at period end
175m
170m
170m
+3.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,712
2,402
2,438
+12.9%
Non-controlling interest
1,659
1,446
1,465
+14.7%
Debt
4,619
4,134
4,117
+11.7%
Other liabilities
359
279
273
+28.7%
Total liabilities and equity
9,349
8,262
8,293
+13.2%
Fixed assets
2.4
1.1
1.2
+115.1%
Intangible assets
6.4
3.3
4.3
+97.1%
Cash and equivalents
154
146
177
+5.1%
Other assets
9,187
8,111
8,111
+13.3%
Total assets
9,349
8,262
8,293
+13.2%
10-K for the year ended 31 December 2019, filed 14 February 2020: the filing.