Realty Income (O) FY2014 results: revenue $934 million, up 19.6% on the year
Realty Income Corp. (O) reported revenue of $934 million for fiscal 2014, the year ended 31 December 2014, up 19.6% on the year before. Net income was $271 million, up 10.2%, and diluted earnings per share $1.04. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2015.
Revenue
$934 million
+19.6% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$271 million
+10.2% on the year
FY2008FY2014
Diluted EPS
$1.04
-1.9% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
934
780
485
+19.6%
Interest expense
216
181
123
+19.2%
Income tax
3.5
2.4
1.1
+47.3%
Net income
271
246
159
+10.2%
Net margin
29.0%
31.5%
32.8%
Diluted EPS
$1.04
$1.06
$0.86
-1.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
628
519
326
+21.0%
Capital expenditure
6.0
8.5
6.6
-29.1%
Free cash flow
622
510
320
+21.8%
Free cash flow margin
66.6%
65.4%
66.0%
Cash from investing
-1,175
-1,332
-1,008
Cash from financing
541
818
683
-33.9%
Depreciation and amortisation
375
307
148
+22.2%
Share-based compensation
12.0
20.8
10.0
-42.5%
Dividends paid
479
409
236
+17.1%
Diluted shares, weighted
219m
192m
133m
+14.1%
Shares outstanding at period end
225m
207m
133m
+8.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
5,613
5,385
2,413
+4.2%
Non-controlling interest
27.7
35.9
n/a
-22.9%
Debt
3,800
3,200
2,550
+18.8%
Other liabilities
1,572
1,303
467
+20.6%
Total liabilities and equity
11,013
9,924
5,429
+11.0%
Goodwill
15.5
15.7
16.9
-1.2%
Intangible assets
1,040
935
242
+11.1%
Cash and equivalents
46.2
n/a
n/a
Other assets
9,911
8,973
5,170
+10.5%
Total assets
11,013
9,924
5,429
+11.0%
10-K for the year ended 31 December 2014, filed 18 February 2015: the filing.