Douglas Emmett (DEI) FY2021 results: revenue $918 million, up 3.0% on the year
Douglas Emmett Inc. (DEI) reported revenue of $918 million for fiscal 2021, the year ended 31 December 2021, up 3.0% on the year before. Net income was $65 million, up 29.4%, and diluted earnings per share $0.37. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$918 million
+3.0% on the year
FY2014FY2021
Operating margin
21.9%
18.1% a year earlier
FY2014FY2021
Net income
$65 million
+29.4% on the year
FY2014FY2021
Diluted EPS
$0.37
+32.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
447
420
470
+6.4%
Capital expenditure
108
143
176
-24.4%
Free cash flow
338
277
293
+22.3%
Free cash flow margin
36.9%
31.0%
31.3%
Cash from investing
-289
-265
-650
Cash from financing
5.2
-136
188
Depreciation and amortisation
371
385
358
-3.6%
Share-based compensation
20.9
21.4
18.4
-2.2%
Buybacks
0.0
n/a
n/a
Dividends paid
197
196
180
+0.1%
Dividend per share
$1.12
$1.12
$1.06
0.0%
Diluted shares, weighted
175m
175m
173m
+0.1%
Shares outstanding at period end
176m
175m
175m
+0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,416
2,437
2,712
-0.9%
Non-controlling interest
1,570
1,559
1,659
+0.7%
Debt
5,012
4,745
4,619
+5.6%
Other liabilities
355
510
359
-30.3%
Total liabilities and equity
9,354
9,251
9,349
+1.1%
Fixed assets
2.5
2.4
2.4
+6.0%
Intangible assets
4.2
5.1
6.4
-18.9%
Cash and equivalents
336
172
154
+94.9%
Other assets
9,011
9,071
9,187
-0.7%
Total assets
9,354
9,251
9,349
+1.1%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.