Kimco Realty (KIM) FY2021 results: revenue $1.4 billion, up 29.0% on the year
Kimco Realty Corp. (KIM) reported revenue of $1.4 billion for fiscal 2021, the year ended 31 December 2021, up 29.0% on the year before. Net income was $844 million, down 15.7%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$1.4 billion
+29.0% on the year
FY2014FY2021
Operating margin
31.1%
31.4% a year earlier
FY2014FY2021
Net income
$844 million
-15.7% on the year
FY2014FY2021
Diluted EPS
$1.60
-28.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
619
590
584
+4.9%
Capital expenditure
0.0
22.4
119
Free cash flow
619
568
465
+9.0%
Free cash flow margin
45.4%
53.6%
40.1%
Cash from investing
-476
-33.3
-120
Cash from financing
-101
-387
-483
Depreciation and amortisation
395
289
278
+36.8%
Share-based compensation
23.1
23.7
20.2
-2.3%
Buybacks
n/a
0.0
0.0
Dividends paid
382
380
532
+0.6%
Dividend per share
$0.68
$0.54
$1.12
+25.9%
Diluted shares, weighted
511m
432m
422m
+18.5%
Shares outstanding at period end
617m
433m
432m
+42.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,899
5,608
4,865
+76.5%
Non-controlling interest
211
62.2
64.0
+238.8%
Redeemable equity
13.5
15.8
17.9
-14.6%
Debt
7,476
5,355
5,316
+39.6%
Other liabilities
860
573
735
+50.1%
Total liabilities and equity
18,459
11,614
10,998
+58.9%
Cash and equivalents
326
293
124
+11.1%
Other assets
18,134
11,321
10,874
+60.2%
Total assets
18,459
11,614
10,998
+58.9%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.