Global Net Lease (GNL) FY2016 results: revenue $214 million, up 4.3% on the year
Global Net Lease, Inc. (GNL) reported revenue of $214 million for fiscal 2016, the year ended 31 December 2016, up 4.3% on the year before. Net income was $47 million, and diluted earnings per share $0.27. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$214 million
+4.3% on the year
FY2012FY2016
Operating margin
34.4%
16.2% a year earlier
FY2012FY2016
Net income
$47 million
FY2012FY2016
Diluted EPS
$0.27
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
214
205
93.4
+4.3%
Cost of revenue
38.8
n/a
n/a
Gross profit
175
n/a
n/a
Gross margin
81.9%
n/a
n/a
Operating income
73.6
33.2
-43.6
+121.7%
Operating margin
34.4%
16.2%
-46.6%
Interest expense
39.1
34.9
14.9
+12.2%
Pre-tax income
52.0
3.9
-55.0
+1,242.3%
Income tax
4.4
5.9
-1.4
-24.9%
Effective tax rate
8.5%
152.0%
n/a
Net income
47.1
-2.1
-53.6
Net margin
22.0%
-1.0%
-57.4%
Diluted EPS
$0.27
-$0.01
-$0.43
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
114
102
-9.7
+12.0%
Capital expenditure
0.2
10.5
8.8
-98.1%
Free cash flow
114
91.7
-18.5
+24.6%
Free cash flow margin
53.3%
44.6%
-19.8%
Cash from investing
134
-222
-1,517
Cash from financing
-237
119
1,583
Depreciation and amortisation
94.5
90.1
40.4
+4.9%
Share-based compensation
3.7
2.3
0.1
+59.8%
Buybacks
0.0
2.3
0.0
Dividends paid
120
97.7
35.4
+23.2%
Dividend per share
n/a
n/a
$0.21
Diluted shares, weighted
57m
n/a
n/a
Shares outstanding at period end
199m
169m
178m
+17.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,348
1,205
1,417
+11.8%
Non-controlling interest
8.2
14.7
0.0
-44.3%
Debt
1,419
1,242
940
+14.3%
Other liabilities
116
78.9
71.7
+47.2%
Total liabilities and equity
2,891
2,541
2,429
+13.8%
Intangible assets
482
453
463
+6.5%
Cash and equivalents
77.3
73.3
70.8
+5.6%
Other assets
2,332
2,014
1,895
+15.8%
Total assets
2,891
2,541
2,429
+13.8%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.