Kimco Realty (KIM) FY2015 results: revenue $1.2 billion, up 17.4% on the year
Kimco Realty Corp. (KIM) reported revenue of $1.2 billion for fiscal 2015, the year ended 31 December 2015, up 17.4% on the year before. Net income was $894 million, up 110.9%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$1.2 billion
+17.4% on the year
FY2008FY2015
Operating margin
29.4%
31.2% a year earlier
FY2008FY2015
Net income
$894 million
+110.9% on the year
FY2008FY2015
Diluted EPS
$2.00
+124.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,167
994
862
+17.4%
Operating income
344
310
249
+10.7%
Operating margin
29.4%
31.2%
29.0%
Interest expense
219
204
212
+7.4%
Pre-tax income
169
102
59.6
+65.4%
Income tax
60.2
-22.4
32.7
Effective tax rate
35.7%
-22.0%
54.8%
Net income
894
424
236
+110.9%
Net margin
76.6%
42.7%
27.4%
Diluted EPS
$2.00
$0.89
$0.43
+124.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
494
629
570
-21.6%
Capital expenditure
167
132
107
+26.5%
Free cash flow
327
498
463
-34.3%
Free cash flow margin
28.0%
50.1%
53.7%
Cash from investing
21.4
127
72.2
-83.1%
Cash from financing
-513
-717
-635
Depreciation and amortisation
345
273
258
+26.2%
Share-based compensation
18.5
17.9
18.9
+3.3%
Dividends paid
456
428
400
+6.5%
Dividend per share
$0.97
$0.92
$0.85
+6.6%
Diluted shares, weighted
413m
411m
409m
+0.4%
Shares outstanding at period end
413m
412m
410m
+0.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,046
4,775
4,632
+5.7%
Non-controlling interest
136
127
137
+6.8%
Redeemable equity
86.7
91.5
86.2
-5.2%
Debt
5,376
4,596
4,221
+17.0%
Other liabilities
699
672
587
+4.0%
Total liabilities and equity
11,344
10,261
9,664
+10.6%
Cash and equivalents
190
187
149
+1.2%
Other assets
11,155
10,074
9,515
+10.7%
Total assets
11,344
10,261
9,664
+10.6%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.