Independence Realty Trust (IRT) FY2017 results: revenue $161 million, up 5.1% on the year
Independence Realty Trust, Inc. (IRT) reported revenue of $161 million for fiscal 2017, the year ended 31 December 2017, up 5.1% on the year before. Net income was $30 million, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$161 million
+5.1% on the year
FY2010FY2017
Operating margin
28.2%
25.9% a year earlier
FY2010FY2017
Net income
$30 million
FY2010FY2017
Diluted EPS
$0.41
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
161
153
110
+5.1%
Cost of revenue
70.7
68.0
n/a
+4.0%
Gross profit
90.5
85.4
n/a
+6.0%
Gross margin
56.1%
55.7%
n/a
Operating income
45.4
39.7
10.2
+14.5%
Operating margin
28.2%
25.9%
9.3%
Interest expense
28.7
35.5
23.6
-19.2%
Income tax
0.0
0.0
0.0
Net income
30.2
-9.8
28.2
Net margin
18.7%
-6.4%
25.8%
Diluted EPS
$0.41
-$0.19
$0.78
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
54.3
-7.5
18.7
Capital expenditure
14.4
10.7
8.9
+34.8%
Free cash flow
40.0
-18.2
9.8
Free cash flow margin
24.8%
-11.9%
8.9%
Cash from investing
-192
27.9
n/a
Cash from financing
126
-37.7
n/a
Depreciation and amortisation
34.2
34.8
28.1
-1.8%
Share-based compensation
2.0
1.2
0.5
+61.0%
Buybacks
n/a
62.2
n/a
Dividends paid
52.3
36.6
25.1
+43.0%
Dividend per share
$0.72
n/a
n/a
Diluted shares, weighted
74m
52m
36m
+41.0%
Shares outstanding at period end
69m
69m
47m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
624
507
364
+23.1%
Non-controlling interest
22.0
21.9
25.9
+0.7%
Debt
778
744
967
+4.7%
Other liabilities
26.1
21.7
26.5
+19.9%
Total liabilities and equity
1,451
1,294
1,383
+12.1%
Intangible assets
1.1
0.1
3.7
+831.4%
Cash and equivalents
9.3
20.9
38.3
-55.4%
Other assets
1,440
1,273
1,341
+13.1%
Total assets
1,451
1,294
1,383
+12.1%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.