Kimco Realty (KIM) FY2011 results: revenue $814 million, down 1.5% on the year
Kimco Realty Corp. (KIM) reported revenue of $814 million for fiscal 2011, the year ended 31 December 2011, down 1.5% on the year before. Net income was $169 million, up 18.3%, and diluted earnings per share $0.27. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$814 million
-1.5% on the year
FY2007FY2011
Operating margin
29.2%
27.8% a year earlier
FY2007FY2011
Net income
$169 million
+18.3% on the year
FY2007FY2011
Diluted EPS
$0.27
+22.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
814
827
755
-1.5%
Operating income
238
230
n/a
+3.5%
Operating margin
29.2%
27.8%
n/a
Interest expense
222
223
208
-0.6%
Pre-tax income
51.4
27.9
-54.0
+84.0%
Income tax
25.8
3.2
-20.1
+703.9%
Effective tax rate
50.2%
11.5%
n/a
Net income
169
143
-3.9
+18.3%
Net margin
20.8%
17.3%
-0.5%
Diluted EPS
$0.27
$0.22
-$0.15
+22.7%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
449
480
404
-6.5%
Capital expenditure
75.0
251
955
-70.1%
Free cash flow
374
229
-552
+63.4%
Free cash flow margin
45.9%
27.7%
-73.0%
Cash from investing
-20.8
37.9
-343
Cash from financing
-440
-515
-74.5
Depreciation and amortisation
251
248
228
+1.4%
Share-based compensation
16.9
14.2
13.3
+19.0%
Buybacks
6.0
n/a
n/a
Dividends paid
354
307
331
+15.2%
Dividend per share
$0.73
$0.66
$0.72
+10.6%
Diluted shares, weighted
408m
406m
350m
+0.4%
Shares outstanding at period end
407m
406m
406m
+0.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
4,686
4,936
4,853
-5.1%
Non-controlling interest
194
225
265
-14.1%
Redeemable equity
95.1
95.1
100
+0.0%
Debt
4,069
4,029
3,000
+1.0%
Other liabilities
570
549
1,964
+3.9%
Total liabilities and equity
9,615
9,834
10,183
-2.2%
Fixed assets
n/a
6,708
7,073
Investments
n/a
224
210
Cash and equivalents
113
125
122
-9.8%
Other assets
9,502
2,776
2,778
+242.2%
Total assets
9,615
9,834
10,183
-2.2%
10-K for the year ended 31 December 2011, filed 27 February 2013: the filing.