NexPoint Residential Trust (NXRT) FY2020 results: revenue $205 million, up 13.1% on the year
NexPoint Residential Trust, Inc. (NXRT) reported revenue of $205 million for fiscal 2020, the year ended 31 December 2020, up 13.1% on the year before. Net income was $44 million, down 55.6%, and diluted earnings per share $1.74. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$205 million
+13.1% on the year
FY2013FY2020
Operating margin
40.4%
78.8% a year earlier
FY2013FY2020
Net income
$44 million
-55.6% on the year
FY2013FY2020
Diluted EPS
$1.74
-56.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
205
181
147
+13.1%
Operating income
82.7
143
30.5
-42.0%
Operating margin
40.4%
78.8%
20.8%
Interest expense
44.8
37.4
28.6
+19.7%
Net income
44.0
99.1
-1.6
-55.6%
Net margin
21.5%
54.8%
-1.1%
Diluted EPS
$1.74
$4.03
-$0.08
-56.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
57.2
51.4
41.7
+11.4%
Capital expenditure
50.0
44.2
26.8
+13.2%
Free cash flow
7.2
7.2
15.0
+0.6%
Free cash flow margin
3.5%
4.0%
10.2%
Cash from investing
11.5
-553
-135
Cash from financing
-82.9
530
93.4
Depreciation and amortisation
82.4
69.1
47.5
+19.3%
Share-based compensation
5.5
5.1
4.2
+7.3%
Buybacks
44.5
n/a
9.7
Dividends paid
32.3
28.0
22.3
+15.2%
Dividend per share
n/a
n/a
$1.02
Diluted shares, weighted
25m
25m
22m
+2.6%
Shares outstanding at period end
25m
25m
23m
-0.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
408
426
296
-4.3%
Redeemable equity
3.1
3.3
2.6
-6.0%
Debt
1,351
1,412
846
-4.3%
Other liabilities
67.1
24.9
16.9
+169.3%
Total liabilities and equity
1,829
1,866
1,161
-2.0%
Cash and equivalents
24.5
25.7
19.9
-4.7%
Other assets
1,805
1,840
1,141
-1.9%
Total assets
1,829
1,866
1,161
-2.0%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.