Digital Realty Trust (DLR) FY2020 results: revenue $3.9 billion, up 21.6% on the year
Digital Realty Trust, Inc. (DLR) reported revenue of $3.9 billion for fiscal 2020, the year ended 31 December 2020, up 21.6% on the year before. Net income was $356 million, down 38.5%, and diluted earnings per share $1.00. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$3.9 billion
+21.6% on the year
FY2013FY2020
Operating margin
14.3%
18.5% a year earlier
FY2013FY2020
Net income
$356 million
-38.5% on the year
FY2013FY2020
Diluted EPS
$1.00
-57.4% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,904
3,209
3,046
+21.6%
Operating income
558
594
550
-6.2%
Operating margin
14.3%
18.5%
18.0%
Interest expense
333
353
322
-5.7%
Income tax
38.0
12.0
2.1
+217.2%
Net income
356
580
331
-38.5%
Net margin
9.1%
18.1%
10.9%
Diluted EPS
$1.00
$2.35
$1.21
-57.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,707
1,514
1,385
+12.7%
Capital expenditure
2,064
1,437
1,325
+43.6%
Free cash flow
-358
76.9
60.2
Free cash flow margin
-9.2%
2.4%
2.0%
Cash from investing
-2,599
-275
-3,036
Cash from financing
936
-1,272
1,757
Depreciation and amortisation
1,366
1,164
1,187
+17.4%
Dividends paid
1,163
922
849
+26.1%
Diluted shares, weighted
263m
209m
207m
+25.3%
Shares outstanding at period end
280m
209m
206m
+34.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
17,718
9,879
9,859
+79.3%
Non-controlling interest
729
729
1,000
-0.0%
Redeemable equity
42.0
41.5
15.8
+1.3%
Debt
13,305
10,122
11,101
+31.4%
Other liabilities
4,283
2,296
1,791
+86.5%
Total liabilities and equity
36,076
23,068
23,767
+56.4%
Goodwill
8,331
3,363
4,348
+147.7%
Cash and equivalents
109
89.8
127
+20.8%
Other assets
27,637
19,615
19,292
+40.9%
Total assets
36,076
23,068
23,767
+56.4%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.