Kimco Realty (KIM) FY2022 results: revenue $1.7 billion, up 26.6% on the year
Kimco Realty Corp. (KIM) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 26.6% on the year before. Net income was $126 million, down 85.1%, and diluted earnings per share $0.16. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$1.7 billion
+26.6% on the year
FY2015FY2022
Operating margin
32.7%
31.1% a year earlier
FY2015FY2022
Net income
$126 million
-85.1% on the year
FY2015FY2022
Diluted EPS
$0.16
-90.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
861
619
590
+39.1%
Capital expenditure
0.0
0.0
22.4
Free cash flow
861
619
568
+39.1%
Free cash flow margin
49.8%
45.4%
53.6%
Cash from investing
-63.2
-476
-33.3
Cash from financing
-983
-101
-387
Depreciation and amortisation
505
395
289
+27.7%
Share-based compensation
26.6
23.1
23.7
+15.1%
Buybacks
n/a
n/a
0.0
Dividends paid
545
382
380
+42.6%
Dividend per share
$0.84
$0.68
$0.54
+23.5%
Diluted shares, weighted
618m
511m
432m
+20.8%
Shares outstanding at period end
618m
617m
433m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
9,516
9,899
5,608
-3.9%
Non-controlling interest
131
211
62.2
-37.7%
Redeemable equity
92.9
13.5
15.8
+589.4%
Debt
7,158
7,476
5,355
-4.3%
Other liabilities
928
860
573
+8.0%
Total liabilities and equity
17,826
18,459
11,614
-3.4%
Cash and equivalents
147
326
293
-54.9%
Other assets
17,679
18,134
11,321
-2.5%
Total assets
17,826
18,459
11,614
-3.4%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.