Digital Realty Trust (DLR) FY2013 results: revenue $1.5 billion, up 15.9% on the year
Digital Realty Trust, Inc. (DLR) reported revenue of $1.5 billion for fiscal 2013, the year ended 31 December 2013, up 15.9% on the year before. Net income was $314 million, up 49.5%, and diluted earnings per share $2.12. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$1.5 billion
+15.9% on the year
FY2009FY2013
Operating margin
25.8%
28.6% a year earlier
FY2009FY2013
Net income
$314 million
+49.5% on the year
FY2009FY2013
Diluted EPS
$2.12
+43.2% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,482
1,279
1,063
+15.9%
Operating income
382
366
304
+4.3%
Operating margin
25.8%
28.6%
28.6%
Interest expense
189
157
149
+20.6%
Income tax
1.3
2.6
-0.0
-51.2%
Net income
314
210
156
+49.5%
Net margin
21.2%
16.4%
14.7%
Diluted EPS
$2.12
$1.48
$1.32
+43.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
656
543
401
+20.9%
Capital expenditure
1,190
846
638
+40.6%
Free cash flow
-533
-303
-237
Free cash flow margin
-36.0%
-23.7%
-22.3%
Cash from investing
-1,061
-2,476
-831
Cash from financing
402
1,949
459
-79.4%
Depreciation and amortisation
475
383
310
+24.3%
Dividends paid
401
334
261
+19.9%
Diluted shares, weighted
128m
116m
99m
+10.4%
Shares outstanding at period end
128m
125m
106m
+2.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,611
3,468
2,523
+4.1%
Non-controlling interest
36.0
30.1
57.5
+19.7%
Redeemable equity
124
162
292
-23.2%
Debt
4,695
4,012
2,940
+17.0%
Other liabilities
1,161
1,147
286
+1.2%
Total liabilities and equity
9,627
8,819
6,099
+9.2%
Intangible assets
302
n/a
n/a
Cash and equivalents
50.1
52.5
40.6
-4.5%
Other assets
9,275
8,767
6,058
+5.8%
Total assets
9,627
8,819
6,099
+9.2%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.