Independence Realty Trust (IRT) FY2022 results: revenue $629 million, up 151.2% on the year
Independence Realty Trust, Inc. (IRT) reported revenue of $629 million for fiscal 2022, the year ended 31 December 2022, up 151.2% on the year before. Net income was $117 million, up 163.0%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$629 million
+151.2% on the year
FY2015FY2022
Operating margin
16.2%
20.6% a year earlier
FY2015FY2022
Net income
$117 million
+163.0% on the year
FY2015FY2022
Diluted EPS
$0.53
+29.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
250
52.3
75.0
+377.5%
Capital expenditure
61.8
0.2
0.1
+34,792.7%
Free cash flow
188
52.1
74.9
+260.6%
Free cash flow margin
29.9%
20.8%
35.3%
Cash from investing
-136
-216
-125
Cash from financing
-135
216
48.8
Depreciation and amortisation
253
76.9
60.7
+228.8%
Share-based compensation
7.9
7.2
5.6
+9.2%
Dividends paid
106
49.8
56.1
+112.4%
Dividend per share
$0.54
$0.48
$0.54
+12.5%
Diluted shares, weighted
223m
110m
95m
+103.1%
Shares outstanding at period end
224m
221m
102m
+1.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,597
3,481
708
+3.3%
Non-controlling interest
141
161
4.7
-12.5%
Debt
2,632
2,705
946
-2.7%
Other liabilities
163
159
76.4
+2.1%
Total liabilities and equity
6,532
6,507
1,735
+0.4%
Intangible assets
0.4
53.3
0.8
-99.3%
Cash and equivalents
16.1
36.0
8.8
-55.3%
Other assets
6,516
6,417
1,725
+1.5%
Total assets
6,532
6,507
1,735
+0.4%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.