Kimco Realty (KIM) FY2017 results: revenue $1.2 billion, up 2.6% on the year
Kimco Realty Corp. (KIM) reported revenue of $1.2 billion for fiscal 2017, the year ended 31 December 2017, up 2.6% on the year before. Net income was $426 million, up 12.5%, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$1.2 billion
+2.6% on the year
FY2010FY2017
Operating margin
35.9%
33.6% a year earlier
FY2010FY2017
Net income
$426 million
+12.5% on the year
FY2010FY2017
Diluted EPS
$0.87
+10.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,201
1,171
1,167
+2.6%
Operating income
431
394
344
+9.5%
Operating margin
35.9%
33.6%
29.4%
Interest expense
192
193
219
-0.3%
Pre-tax income
240
161
169
+49.1%
Income tax
-0.9
78.6
60.2
Effective tax rate
-0.4%
48.9%
35.7%
Net income
426
379
894
+12.5%
Net margin
35.5%
32.4%
76.6%
Diluted EPS
$0.87
$0.79
$2.00
+10.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
614
592
494
+3.7%
Capital expenditure
207
143
167
+44.1%
Free cash flow
407
449
327
-9.2%
Free cash flow margin
33.9%
38.3%
28.0%
Cash from investing
-294
165
21.4
Cash from financing
-224
-805
-513
Depreciation and amortisation
361
355
345
+1.5%
Share-based compensation
21.6
19.1
18.5
+13.1%
Buybacks
0.0
n/a
n/a
Dividends paid
506
474
456
+6.8%
Dividend per share
$1.09
$1.03
$0.97
+5.3%
Diluted shares, weighted
424m
420m
413m
+1.0%
Shares outstanding at period end
426m
425m
413m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
5,394
5,256
5,046
+2.6%
Non-controlling interest
128
147
136
-12.8%
Redeemable equity
16.1
87.0
86.7
-81.4%
Debt
5,479
5,066
5,376
+8.1%
Other liabilities
747
674
699
+10.7%
Total liabilities and equity
11,764
11,231
11,344
+4.7%
Securities held for sale or to maturity
1.3
1.6
n/a
-16.9%
Cash and equivalents
239
142
190
+67.4%
Other assets
11,524
11,087
11,155
+3.9%
Total assets
11,764
11,231
11,344
+4.7%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.