NNN REIT (NNN) FY2016 results: revenue $534 million, up 10.5% on the year
NNN REIT, Inc. (NNN) reported revenue of $534 million for fiscal 2016, the year ended 31 December 2016, up 10.5% on the year before. Net income was $240 million, up 21.1%, and diluted earnings per share $1.38. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2017.
Revenue
$534 million
+10.5% on the year
FY2009FY2016
Operating margin
63.0%
59.8% a year earlier
FY2009FY2016
Net income
$240 million
+21.1% on the year
FY2009FY2016
Diluted EPS
$1.38
+15.0% 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
534
483
435
+10.5%
Operating income
336
289
266
+16.5%
Operating margin
63.0%
59.8%
61.2%
Interest expense
96.4
90.0
85.5
+7.0%
Pre-tax income
212
198
180
+7.3%
Income tax
0.0
10.3
-0.1
Effective tax rate
0.0%
5.2%
-0.0%
Net income
240
198
191
+21.1%
Net margin
44.9%
41.0%
43.8%
Diluted EPS
$1.38
$1.20
$1.24
+15.0%
$ 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
415
341
297
+21.8%
Cash from investing
-780
-645
-542
Cash from financing
645
307
254
+110.0%
Depreciation and amortisation
149
135
116
+10.6%
Share-based compensation
10.8
9.7
9.2
+11.2%
Dividends paid
257
229
204
+12.4%
Dividend per share
$1.78
$1.71
$1.65
+4.1%
Diluted shares, weighted
145m
134m
125m
+7.6%
Shares outstanding at period end
141m
141m
132m
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,917
3,342
3,083
+17.2%
Non-controlling interest
0.1
0.3
0.6
-50.2%
Debt
2,312
1,976
1,730
+17.0%
Other liabilities
106
142
103
-25.5%
Total liabilities and equity
6,334
5,460
4,916
+16.0%
Loans
1.3
8.7
11.1
-85.6%
Cash and equivalents
295
13.7
10.6
+2,056.4%
Other assets
6,038
5,438
4,894
+11.0%
Total assets
6,334
5,460
4,916
+16.0%
10-K for the year ended 31 December 2016, filed 13 February 2017: the filing.