Digital Realty Trust (DLR) FY2018 results: revenue $3.0 billion, up 23.9% on the year
Digital Realty Trust, Inc. (DLR) reported revenue of $3.0 billion for fiscal 2018, the year ended 31 December 2018, up 23.9% on the year before. Net income was $331 million, up 33.4%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$3.0 billion
+23.9% on the year
FY2011FY2018
Operating margin
18.0%
18.4% a year earlier
FY2011FY2018
Net income
$331 million
+33.4% on the year
FY2011FY2018
Diluted EPS
$1.21
+22.2% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,046
2,458
2,142
+23.9%
Operating income
550
451
497
+21.8%
Operating margin
18.0%
18.4%
23.2%
Interest expense
322
259
236
+24.3%
Income tax
2.1
7.9
10.4
-73.6%
Net income
331
248
426
+33.4%
Net margin
10.9%
10.1%
19.9%
Diluted EPS
$1.21
$0.99
$2.20
+22.2%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,385
1,023
912
+35.4%
Capital expenditure
1,325
1,151
758
+15.2%
Free cash flow
60.2
-127
154
Free cash flow margin
2.0%
-5.2%
7.2%
Cash from investing
-3,036
-1,357
-1,304
Cash from financing
1,757
321
351
+447.1%
Depreciation and amortisation
1,187
842
699
+40.9%
Dividends paid
849
646
522
+31.4%
Diluted shares, weighted
207m
175m
151m
+18.2%
Shares outstanding at period end
206m
205m
159m
+0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
9,859
10,349
5,096
-4.7%
Non-controlling interest
1,000
700
36.3
+42.7%
Redeemable equity
15.8
53.9
0.0
-70.6%
Debt
11,101
8,649
5,839
+28.4%
Other liabilities
1,791
1,652
1,222
+8.4%
Total liabilities and equity
23,767
21,404
12,193
+11.0%
Goodwill
4,348
3,390
753
+28.3%
Cash and equivalents
127
0.1
10.5
+248,331.4%
Other assets
19,292
18,015
11,429
+7.1%
Total assets
23,767
21,404
12,193
+11.0%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.