Douglas Emmett (DEI) FY2023 results: revenue $1.0 billion, up 2.7% on the year
Douglas Emmett Inc. (DEI) reported revenue of $1.0 billion for fiscal 2023, the year ended 31 December 2023, up 2.7% on the year before. Net income was -$43 million, and diluted earnings per share $-0.26. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$1.0 billion
+2.7% on the year
FY2016FY2023
Operating margin
14.7%
24.3% a year earlier
FY2016FY2023
Net income
-$43 million
FY2016FY2023
Diluted EPS
-$0.26
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
427
497
447
-14.1%
Capital expenditure
189
162
108
+16.5%
Free cash flow
238
335
338
-28.9%
Free cash flow margin
23.3%
33.7%
36.9%
Cash from investing
-234
-561
-289
Cash from financing
60.9
-3.0
5.2
Depreciation and amortisation
460
373
371
+23.4%
Share-based compensation
19.8
21.0
20.9
-5.7%
Buybacks
109
0.0
0.0
Dividends paid
130
197
197
-34.0%
Dividend per share
$0.76
$1.03
$1.12
-26.2%
Diluted shares, weighted
170m
176m
175m
-3.5%
Shares outstanding at period end
167m
176m
176m
-4.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,220
2,562
2,416
-13.4%
Non-controlling interest
1,626
1,713
1,570
-5.1%
Debt
5,543
5,192
5,012
+6.8%
Other liabilities
256
280
355
-8.6%
Total liabilities and equity
9,644
9,747
9,354
-1.1%
Fixed assets
7.0
7.1
2.5
-1.8%
Intangible assets
3.0
3.5
4.2
-16.0%
Cash and equivalents
523
269
336
+94.6%
Other assets
9,111
9,468
9,011
-3.8%
Total assets
9,644
9,747
9,354
-1.1%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.