Essex Property Trust (ESS) FY2012 results: revenue $535 million, up 14.5% on the year
Essex Property Trust, Inc. (ESS) reported revenue of $535 million for fiscal 2012, the year ended 31 December 2012, up 14.5% on the year before. Net income was $125 million, up 166.2%, and diluted earnings per share $3.41. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$535 million
+14.5% on the year
FY2008FY2012
Operating margin
31.2%
28.8% a year earlier
FY2008FY2012
Net income
$125 million
+166.2% on the year
FY2008FY2012
Diluted EPS
$3.41
+175.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
535
467
410
+14.5%
Operating income
167
135
111
+24.1%
Operating margin
31.2%
28.8%
27.0%
Interest expense
112
91.7
82.8
+22.0%
Income tax
0.0
-1.7
0.0
Net income
125
47.1
35.9
+166.2%
Net margin
23.4%
10.1%
8.8%
Diluted EPS
$3.41
$1.24
$1.14
+175.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
267
217
176
+23.5%
Capital expenditure
46.6
16.4
6.4
+183.6%
Free cash flow
221
200
169
+10.4%
Free cash flow margin
41.3%
42.8%
41.2%
Cash from investing
-812
-426
-511
Cash from financing
550
208
328
+164.2%
Depreciation and amortisation
181
161
133
+12.0%
Share-based compensation
4.1
2.9
3.3
+41.5%
Buybacks
n/a
0.0
0.0
Dividends paid
156
139
124
+12.7%
Diluted shares, weighted
35m
33m
30m
+7.7%
Shares outstanding at period end
34m
31m
31m
+8.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,765
1,438
1,150
+22.8%
Non-controlling interest
115
116
205
-0.8%
Redeemable equity
4.3
4.3
4.3
0.0%
Debt
2,819
2,361
2,259
+19.4%
Other liabilities
144
118
115
+22.1%
Total liabilities and equity
4,847
4,037
3,733
+20.1%
Cash and equivalents
18.6
12.9
13.8
+44.4%
Other assets
4,829
4,024
3,719
+20.0%
Total assets
4,847
4,037
3,733
+20.1%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.