Kimco Realty (KIM) FY2014 results: revenue $994 million, up 15.4% on the year
Kimco Realty Corp. (KIM) reported revenue of $994 million for fiscal 2014, the year ended 31 December 2014, up 15.4% on the year before. Net income was $424 million, up 79.4%, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$994 million
+15.4% on the year
FY2007FY2014
Operating margin
31.2%
29.0% a year earlier
FY2007FY2014
Net income
$424 million
+79.4% on the year
FY2007FY2014
Diluted EPS
$0.89
+107.0% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
994
862
793
+15.4%
Operating income
310
249
233
+24.4%
Operating margin
31.2%
29.0%
29.4%
Interest expense
204
212
224
-4.0%
Pre-tax income
102
59.6
11.8
+71.4%
Income tax
-22.4
32.7
15.6
Effective tax rate
-22.0%
54.8%
132.7%
Net income
424
236
266
+79.4%
Net margin
42.7%
27.4%
33.5%
Diluted EPS
$0.89
$0.43
$0.42
+107.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
629
570
479
+10.4%
Capital expenditure
132
107
110
+22.9%
Free cash flow
498
463
369
+7.5%
Free cash flow margin
50.1%
53.7%
46.5%
Cash from investing
127
72.2
-51.0
+75.4%
Cash from financing
-717
-635
-399
Depreciation and amortisation
273
258
263
+5.9%
Share-based compensation
17.9
18.9
17.9
-5.4%
Buybacks
n/a
n/a
30.9
Dividends paid
428
400
383
+6.9%
Dividend per share
$0.92
$0.85
$0.78
+7.0%
Diluted shares, weighted
411m
409m
407m
+0.6%
Shares outstanding at period end
412m
410m
408m
+0.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
4,775
4,632
4,765
+3.1%
Non-controlling interest
127
137
167
-7.4%
Redeemable equity
91.5
86.2
81.1
+6.2%
Debt
4,596
4,221
4,195
+8.9%
Other liabilities
672
587
532
+14.6%
Total liabilities and equity
10,261
9,664
9,741
+6.2%
Cash and equivalents
187
149
142
+25.9%
Other assets
10,074
9,515
9,599
+5.9%
Total assets
10,261
9,664
9,741
+6.2%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.