JBG Smith Properties (JBGS) FY2019 results: revenue $648 million, up 0.6% on the year
JBG Smith Properties (JBGS) reported revenue of $648 million for fiscal 2019, the year ended 31 December 2019, up 0.6% on the year before. Net income was $66 million, up 64.2%, and diluted earnings per share $0.48. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$648 million
+0.6% on the year
FY2015FY2019
Operating margin
3.5%
4.1% a year earlier
FY2015FY2019
Net income
$66 million
+64.2% on the year
FY2015FY2019
Diluted EPS
$0.48
+54.8% on the year
FY2015FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
648
644
543
+0.6%
Operating income
22.4
26.3
-52.2
-15.0%
Operating margin
3.5%
4.1%
-9.6%
Interest expense
52.7
74.4
58.1
-29.2%
Pre-tax income
72.8
45.9
-89.0
+58.8%
Income tax
-1.3
-0.7
-9.9
Effective tax rate
-1.8%
-1.6%
n/a
Net income
65.6
39.9
-71.8
+64.2%
Net margin
10.1%
6.2%
-13.2%
Diluted EPS
$0.48
$0.31
-$0.70
+54.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
174
188
74.2
-7.5%
Cash from investing
-241
66.3
-7.7
Cash from financing
-190
-194
240
Depreciation and amortisation
196
216
165
-9.2%
Share-based compensation
65.3
52.7
33.7
+23.9%
Dividends paid
130
107
26.5
+20.9%
Dividend per share
$0.90
$1.00
$0.45
-10.0%
Diluted shares, weighted
131m
119m
105m
+9.7%
Shares outstanding at period end
134m
121m
118m
+10.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,386
2,987
2,971
+13.4%
Non-controlling interest
0.2
0.2
4.2
-1.5%
Redeemable equity
613
558
609
+9.8%
Debt
1,628
2,145
2,202
-24.1%
Other liabilities
359
307
286
+16.9%
Total liabilities and equity
5,986
5,997
6,072
-0.2%
Intangible assets
55.2
89.9
126
-38.6%
Cash and equivalents
126
261
317
-51.5%
Other assets
5,805
5,647
5,629
+2.8%
Total assets
5,986
5,997
6,072
-0.2%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.