JBG Smith Properties (JBGS) FY2020 results: revenue $603 million, down 7.0% on the year
JBG Smith Properties (JBGS) reported revenue of $603 million for fiscal 2020, the year ended 31 December 2020, down 7.0% on the year before. Net income was -$62 million, and diluted earnings per share $-0.49. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2021.
Revenue
$603 million
-7.0% on the year
FY2015FY2020
Operating margin
-6.2%
3.5% a year earlier
FY2015FY2020
Net income
-$62 million
FY2015FY2020
Diluted EPS
-$0.49
FY2015FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
603
648
644
-7.0%
Operating income
-37.4
22.4
26.3
Operating margin
-6.2%
3.5%
4.1%
Interest expense
62.3
52.7
74.4
+18.3%
Pre-tax income
-71.5
72.8
45.9
Income tax
-4.3
-1.3
-0.7
Effective tax rate
n/a
-1.8%
-1.6%
Net income
-62.3
65.6
39.9
Net margin
-10.3%
10.1%
6.2%
Diluted EPS
-$0.49
$0.48
$0.31
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
169
174
188
-2.9%
Cash from investing
-168
-241
66.3
Cash from financing
119
-190
-194
Depreciation and amortisation
226
196
216
+15.2%
Share-based compensation
66.1
65.3
52.7
+1.2%
Buybacks
105
n/a
n/a
Dividends paid
120
130
107
-7.6%
Dividend per share
$0.90
$0.90
$1.00
0.0%
Diluted shares, weighted
133m
131m
119m
+2.1%
Shares outstanding at period end
132m
134m
121m
-1.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,206
3,386
2,987
-5.3%
Non-controlling interest
0.2
0.2
0.2
-16.9%
Redeemable equity
531
613
558
-13.4%
Debt
2,004
1,628
2,145
+23.1%
Other liabilities
339
359
307
-5.6%
Total liabilities and equity
6,080
5,986
5,997
+1.6%
Intangible assets
41.5
55.2
89.9
-24.8%
Cash and equivalents
226
126
261
+78.5%
Other assets
5,812
5,805
5,647
+0.1%
Total assets
6,080
5,986
5,997
+1.6%
10-K for the year ended 31 December 2020, filed 23 February 2021: the filing.