NNN REIT (NNN) FY2015 results: revenue $483 million, up 11.1% on the year
NNN REIT, Inc. (NNN) reported revenue of $483 million for fiscal 2015, the year ended 31 December 2015, up 11.1% on the year before. Net income was $198 million, up 3.8%, and diluted earnings per share $1.20. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2016.
Revenue
$483 million
+11.1% on the year
FY2008FY2015
Operating margin
59.8%
61.2% a year earlier
FY2008FY2015
Net income
$198 million
+3.8% on the year
FY2008FY2015
Diluted EPS
$1.20
-3.2% 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
483
435
394
+11.1%
Operating income
289
266
240
+8.4%
Operating margin
59.8%
61.2%
61.0%
Interest expense
90.0
85.5
85.8
+5.3%
Pre-tax income
198
180
154
+10.1%
Income tax
10.3
-0.1
0.1
Effective tax rate
5.2%
-0.0%
0.0%
Net income
198
191
160
+3.8%
Net margin
41.0%
43.8%
40.7%
Diluted EPS
$1.20
$1.24
$1.10
-3.2%
$ 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
341
297
274
+15.0%
Cash from investing
-645
-542
-568
Cash from financing
307
254
293
+20.9%
Depreciation and amortisation
135
116
99.6
+16.0%
Share-based compensation
9.7
9.2
7.5
+4.8%
Dividends paid
229
204
189
+12.0%
Dividend per share
$1.71
$1.65
$1.60
+3.6%
Diluted shares, weighted
134m
125m
120m
+7.8%
Shares outstanding at period end
141m
132m
112m
+6.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,342
3,083
2,777
+8.4%
Non-controlling interest
0.3
0.6
1.2
-55.1%
Debt
1,976
1,730
1,570
+14.2%
Other liabilities
142
103
106
+38.2%
Total liabilities and equity
5,460
4,916
4,455
+11.1%
Loans
8.7
11.1
17.1
-21.6%
Cash and equivalents
13.7
10.6
1.5
+28.8%
Other assets
5,438
4,894
4,436
+11.1%
Total assets
5,460
4,916
4,455
+11.1%
10-K for the year ended 31 December 2015, filed 12 February 2016: the filing.