Independence Realty Trust (IRT) FY2016 results: revenue $153 million, up 40.0% on the year
Independence Realty Trust, Inc. (IRT) reported revenue of $153 million for fiscal 2016, the year ended 31 December 2016, up 40.0% on the year before. Net income was -$10 million, and diluted earnings per share $-0.19. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2017.
Revenue
$153 million
+40.0% on the year
FY2010FY2016
Operating margin
25.9%
9.3% a year earlier
FY2010FY2016
Net income
-$10 million
FY2010FY2016
Diluted EPS
-$0.19
FY2010FY2016
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
153
110
49.2
+40.0%
Cost of revenue
68.0
n/a
n/a
Gross profit
85.4
n/a
n/a
Gross margin
55.7%
n/a
n/a
Operating income
39.7
10.2
8.5
+289.5%
Operating margin
25.9%
9.3%
17.4%
Interest expense
35.5
23.6
8.5
+50.9%
Income tax
0.0
0.0
0.0
Net income
-9.8
28.2
2.9
Net margin
-6.4%
25.8%
6.0%
Diluted EPS
-$0.19
$0.78
$0.14
$ 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
-7.5
18.7
15.7
Capital expenditure
10.7
8.9
4.2
+19.3%
Free cash flow
-18.2
9.8
11.6
Free cash flow margin
-11.9%
8.9%
23.5%
Cash from investing
27.9
n/a
n/a
Cash from financing
-37.7
n/a
n/a
Depreciation and amortisation
34.8
28.1
12.5
+24.0%
Share-based compensation
1.2
0.5
0.2
+146.9%
Buybacks
62.2
n/a
n/a
Dividends paid
36.6
25.1
15.0
+45.7%
Diluted shares, weighted
52m
36m
22m
+44.3%
Shares outstanding at period end
69m
47m
32m
+46.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
507
364
251
+39.2%
Non-controlling interest
21.9
25.9
11.8
-15.5%
Debt
744
967
417
-23.0%
Other liabilities
21.7
26.5
13.7
-18.1%
Total liabilities and equity
1,294
1,383
694
-6.4%
Intangible assets
0.1
3.7
3.3
-96.8%
Cash and equivalents
20.9
38.3
14.8
-45.5%
Other assets
1,273
1,341
676
-5.1%
Total assets
1,294
1,383
694
-6.4%
10-K for the year ended 31 December 2016, filed 3 March 2017: the filing.