Kimco Realty (KIM) FY2012 results: revenue $793 million, down 2.6% on the year
Kimco Realty Corp. (KIM) reported revenue of $793 million for fiscal 2012, the year ended 31 December 2012, down 2.6% on the year before. Net income was $266 million, up 57.4%, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$793 million
-2.6% on the year
FY2007FY2012
Operating margin
29.4%
29.2% a year earlier
FY2007FY2012
Net income
$266 million
+57.4% on the year
FY2007FY2012
Diluted EPS
$0.42
+55.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
793
814
827
-2.6%
Operating income
233
238
230
-2.0%
Operating margin
29.4%
29.2%
27.8%
Interest expense
224
222
223
+0.9%
Pre-tax income
11.8
51.4
27.9
-77.1%
Income tax
15.6
25.8
3.2
-39.5%
Effective tax rate
132.7%
50.2%
11.5%
Net income
266
169
143
+57.4%
Net margin
33.5%
20.8%
17.3%
Diluted EPS
$0.42
$0.27
$0.22
+55.6%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
479
449
480
+6.8%
Capital expenditure
110
75.0
251
+46.5%
Free cash flow
369
374
229
-1.2%
Free cash flow margin
46.5%
45.9%
27.7%
Cash from investing
-51.0
-20.8
37.9
Cash from financing
-399
-440
-515
Depreciation and amortisation
263
251
248
+4.6%
Share-based compensation
17.9
16.9
14.2
+5.9%
Buybacks
30.9
6.0
n/a
+415.5%
Dividends paid
383
354
307
+8.2%
Dividend per share
$0.78
$0.73
$0.66
+6.8%
Diluted shares, weighted
407m
408m
406m
-0.2%
Shares outstanding at period end
408m
407m
406m
+0.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,765
4,686
4,936
+1.7%
Non-controlling interest
167
194
225
-13.6%
Redeemable equity
81.1
95.1
95.1
-14.7%
Debt
4,195
4,069
4,029
+3.1%
Other liabilities
532
570
549
-6.7%
Total liabilities and equity
9,741
9,615
9,834
+1.3%
Fixed assets
n/a
n/a
6,708
Investments
n/a
n/a
224
Cash and equivalents
142
113
125
+25.7%
Other assets
9,599
9,502
2,776
+1.0%
Total assets
9,741
9,615
9,834
+1.3%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.