Kimco Realty (KIM) FY2013 results: revenue $862 million, up 8.6% on the year
Kimco Realty Corp. (KIM) reported revenue of $862 million for fiscal 2013, the year ended 31 December 2013, up 8.6% on the year before. Net income was $236 million, down 11.2%, and diluted earnings per share $0.43. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$862 million
+8.6% on the year
FY2007FY2013
Operating margin
29.0%
29.4% a year earlier
FY2007FY2013
Net income
$236 million
-11.2% on the year
FY2007FY2013
Diluted EPS
$0.43
+2.4% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
862
793
814
+8.6%
Operating income
249
233
238
+7.1%
Operating margin
29.0%
29.4%
29.2%
Interest expense
212
224
222
-5.1%
Pre-tax income
59.6
11.8
51.4
+406.7%
Income tax
32.7
15.6
25.8
+109.3%
Effective tax rate
54.8%
132.7%
50.2%
Net income
236
266
169
-11.2%
Net margin
27.4%
33.5%
20.8%
Diluted EPS
$0.43
$0.42
$0.27
+2.4%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
570
479
449
+19.0%
Capital expenditure
107
110
75.0
-2.4%
Free cash flow
463
369
374
+25.4%
Free cash flow margin
53.7%
46.5%
45.9%
Cash from investing
72.2
-51.0
-20.8
Cash from financing
-635
-399
-440
Depreciation and amortisation
258
263
251
-1.9%
Share-based compensation
18.9
17.9
16.9
+5.6%
Buybacks
n/a
30.9
6.0
Dividends paid
400
383
354
+4.6%
Dividend per share
$0.85
$0.78
$0.73
+9.6%
Diluted shares, weighted
409m
407m
408m
+0.5%
Shares outstanding at period end
410m
408m
407m
+0.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,632
4,765
4,686
-2.8%
Non-controlling interest
137
167
194
-18.1%
Redeemable equity
86.2
81.1
95.1
+6.3%
Debt
4,221
4,195
4,069
+0.6%
Other liabilities
587
532
570
+10.3%
Total liabilities and equity
9,664
9,741
9,615
-0.8%
Cash and equivalents
149
142
113
+4.9%
Other assets
9,515
9,599
9,502
-0.9%
Total assets
9,664
9,741
9,615
-0.8%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.