Digital Realty Trust (DLR) FY2019 results: revenue $3.2 billion, up 5.3% on the year
Digital Realty Trust, Inc. (DLR) reported revenue of $3.2 billion for fiscal 2019, the year ended 31 December 2019, up 5.3% on the year before. Net income was $580 million, up 75.0%, and diluted earnings per share $2.35. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$3.2 billion
+5.3% on the year
FY2012FY2019
Operating margin
18.5%
18.0% a year earlier
FY2012FY2019
Net income
$580 million
+75.0% on the year
FY2012FY2019
Diluted EPS
$2.35
+94.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,209
3,046
2,458
+5.3%
Operating income
594
550
451
+8.1%
Operating margin
18.5%
18.0%
18.4%
Interest expense
353
322
259
+9.8%
Income tax
12.0
2.1
7.9
+475.6%
Net income
580
331
248
+75.0%
Net margin
18.1%
10.9%
10.1%
Diluted EPS
$2.35
$1.21
$0.99
+94.2%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,514
1,385
1,023
+9.3%
Capital expenditure
1,437
1,325
1,151
+8.4%
Free cash flow
76.9
60.2
-127
+27.8%
Free cash flow margin
2.4%
2.0%
-5.2%
Cash from investing
-275
-3,036
-1,357
Cash from financing
-1,272
1,757
321
Depreciation and amortisation
1,164
1,187
842
-1.9%
Dividends paid
922
849
646
+8.5%
Diluted shares, weighted
209m
207m
175m
+1.3%
Shares outstanding at period end
209m
206m
205m
+1.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,879
9,859
10,349
+0.2%
Non-controlling interest
729
1,000
700
-27.1%
Redeemable equity
41.5
15.8
53.9
+161.9%
Debt
10,122
11,101
8,649
-8.8%
Other liabilities
2,296
1,791
1,652
+28.2%
Total liabilities and equity
23,068
23,767
21,404
-2.9%
Goodwill
3,363
4,348
3,390
-22.7%
Cash and equivalents
89.8
127
0.1
-29.1%
Other assets
19,615
19,292
18,015
+1.7%
Total assets
23,068
23,767
21,404
-2.9%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.