Kimco Realty (KIM) FY2016 results: revenue $1.2 billion, up 0.3% on the year
Kimco Realty Corp. (KIM) reported revenue of $1.2 billion for fiscal 2016, the year ended 31 December 2016, up 0.3% on the year before. Net income was $379 million, down 57.6%, and diluted earnings per share $0.79. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$1.2 billion
+0.3% on the year
FY2009FY2016
Operating margin
33.6%
29.4% a year earlier
FY2009FY2016
Net income
$379 million
-57.6% on the year
FY2009FY2016
Diluted EPS
$0.79
-60.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,171
1,167
994
+0.3%
Operating income
394
344
310
+14.6%
Operating margin
33.6%
29.4%
31.2%
Interest expense
193
219
204
-12.0%
Pre-tax income
161
169
102
-4.8%
Income tax
78.6
60.2
-22.4
+30.5%
Effective tax rate
48.9%
35.7%
-22.0%
Net income
379
894
424
-57.6%
Net margin
32.4%
76.6%
42.7%
Diluted EPS
$0.79
$2.00
$0.89
-60.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
592
494
629
+19.9%
Capital expenditure
143
167
132
-13.9%
Free cash flow
449
327
498
+37.2%
Free cash flow margin
38.3%
28.0%
50.1%
Cash from investing
165
21.4
127
+674.1%
Cash from financing
-805
-513
-717
Depreciation and amortisation
355
345
273
+3.1%
Share-based compensation
19.1
18.5
17.9
+3.3%
Dividends paid
474
456
428
+4.0%
Dividend per share
$1.03
$0.97
$0.92
+6.2%
Diluted shares, weighted
420m
413m
411m
+1.7%
Shares outstanding at period end
425m
413m
412m
+2.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,256
5,046
4,775
+4.2%
Non-controlling interest
147
136
127
+8.2%
Redeemable equity
87.0
86.7
91.5
+0.3%
Debt
5,066
5,376
4,596
-5.8%
Other liabilities
674
699
672
-3.5%
Total liabilities and equity
11,231
11,344
10,261
-1.0%
Securities held for sale or to maturity
1.6
n/a
n/a
Cash and equivalents
142
190
187
-24.8%
Other assets
11,087
11,155
10,074
-0.6%
Total assets
11,231
11,344
10,261
-1.0%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.