Douglas Emmett (DEI) FY2020 results: revenue $892 million, down 4.8% on the year
Douglas Emmett Inc. (DEI) reported revenue of $892 million for fiscal 2020, the year ended 31 December 2020, down 4.8% on the year before. Net income was $50 million, down 86.1%, and diluted earnings per share $0.28. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$892 million
-4.8% on the year
FY2013FY2020
Operating margin
18.1%
25.9% a year earlier
FY2013FY2020
Net income
$50 million
-86.1% on the year
FY2013FY2020
Diluted EPS
$0.28
-86.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
892
937
881
-4.8%
Gross profit
586
n/a
n/a
Gross margin
65.7%
n/a
n/a
Operating income
161
243
252
-33.6%
Operating margin
18.1%
25.9%
28.6%
Interest expense
143
143
133
-0.3%
Net income
50.4
364
116
-86.1%
Net margin
5.7%
38.8%
13.2%
Diluted EPS
$0.28
$2.09
$0.68
-86.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
420
470
433
-10.5%
Capital expenditure
143
176
179
-18.7%
Free cash flow
277
293
254
-5.6%
Free cash flow margin
31.0%
31.3%
28.8%
Cash from investing
-265
-650
-250
Cash from financing
-136
188
-214
Depreciation and amortisation
385
358
310
+7.7%
Share-based compensation
21.4
18.4
22.3
+16.4%
Dividends paid
196
180
170
+9.3%
Dividend per share
$1.12
$1.06
$1.01
+5.7%
Diluted shares, weighted
175m
173m
170m
+1.2%
Shares outstanding at period end
175m
175m
170m
+0.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,437
2,712
2,402
-10.1%
Non-controlling interest
1,559
1,659
1,446
-6.0%
Debt
4,745
4,619
4,134
+2.7%
Other liabilities
510
359
279
+41.9%
Total liabilities and equity
9,251
9,349
8,262
-1.1%
Fixed assets
2.4
2.4
1.1
-0.4%
Intangible assets
5.1
6.4
3.3
-19.8%
Cash and equivalents
172
154
146
+12.2%
Other assets
9,071
9,187
8,111
-1.3%
Total assets
9,251
9,349
8,262
-1.1%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.