Independence Realty Trust (IRT) FY2015 results: revenue $110 million, up 122.7% on the year
Independence Realty Trust, Inc. (IRT) reported revenue of $110 million for fiscal 2015, the year ended 31 December 2015, up 122.7% on the year before. Net income was $28 million, up 860.6%, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2016.
Revenue
$110 million
+122.7% on the year
FY2010FY2015
Operating margin
9.3%
17.4% a year earlier
FY2010FY2015
Net income
$28 million
+860.6% on the year
FY2010FY2015
Diluted EPS
$0.78
+457.1% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
110
49.2
19.9
+122.7%
Operating income
10.2
8.5
4.9
+19.2%
Operating margin
9.3%
17.4%
24.7%
Interest expense
23.6
8.5
3.7
+177.2%
Income tax
0.0
0.0
0.0
Net income
28.2
2.9
0.6
+860.6%
Net margin
25.8%
6.0%
3.1%
Diluted EPS
$0.78
$0.14
$0.12
+457.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
18.7
15.7
6.0
+19.1%
Capital expenditure
8.9
4.2
1.4
+115.0%
Free cash flow
9.8
11.6
4.6
-15.4%
Free cash flow margin
8.9%
23.5%
22.9%
Cash from investing
n/a
n/a
-38.2
Cash from financing
n/a
n/a
33.0
Depreciation and amortisation
28.1
12.5
4.4
+124.4%
Share-based compensation
0.5
0.2
0.1
+140.3%
Dividends paid
25.1
15.0
3.0
+67.6%
Dividend per share
n/a
n/a
$0.63
Diluted shares, weighted
36m
22m
5m
+67.9%
Shares outstanding at period end
47m
32m
10m
+48.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
364
251
74.9
+44.9%
Non-controlling interest
25.9
11.8
n/a
+120.0%
Debt
967
417
103
+131.6%
Other liabilities
26.5
13.7
3.7
+93.1%
Total liabilities and equity
1,383
694
182
+99.3%
Intangible assets
3.7
3.3
0.5
+14.9%
Cash and equivalents
38.3
14.8
3.3
+159.4%
Other assets
1,341
676
178
+98.4%
Total assets
1,383
694
182
+99.3%
10-K for the year ended 31 December 2015, filed 11 March 2016: the filing.