Realty Income (O) FY2017 results: revenue $1.2 billion, up 10.2% on the year
Realty Income Corp. (O) reported revenue of $1.2 billion for fiscal 2017, the year ended 31 December 2017, up 10.2% on the year before. Net income was $319 million, up 1.0%, and diluted earnings per share $1.10. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$1.2 billion
+10.2% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$319 million
+1.0% on the year
FY2010FY2017
Diluted EPS
$1.10
-2.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,216
1,103
1,023
+10.2%
Interest expense
247
220
233
+12.5%
Income tax
6.0
3.3
3.2
+85.3%
Net income
319
316
284
+1.0%
Net margin
26.2%
28.6%
27.7%
Diluted EPS
$1.10
$1.13
$1.09
-2.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
876
800
692
+9.5%
Capital expenditure
15.2
13.4
11.5
+13.6%
Free cash flow
861
786
681
+9.4%
Free cash flow margin
70.8%
71.3%
66.5%
Cash from investing
-1,255
-1,701
-1,213
Cash from financing
375
866
523
-56.7%
Depreciation and amortisation
499
450
409
+10.9%
Share-based compensation
13.9
12.0
10.4
+16.1%
Dividends paid
689
611
533
+12.9%
Dividend per share
$2.53
n/a
n/a
Diluted shares, weighted
274m
256m
236m
+7.2%
Shares outstanding at period end
284m
260m
250m
+9.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
7,372
6,767
6,532
+8.9%
Non-controlling interest
19.2
20.2
21.7
-5.1%
Debt
6,111
5,840
3,650
+4.7%
Other liabilities
556
526
1,663
+5.7%
Total liabilities and equity
14,058
13,153
11,866
+6.9%
Goodwill
15.0
15.1
15.3
-0.6%
Intangible assets
1,195
1,082
1,034
+10.4%
Cash and equivalents
6.9
9.4
50.3
-26.8%
Other assets
12,841
12,046
10,766
+6.6%
Total assets
14,058
13,153
11,866
+6.9%
10-K for the year ended 31 December 2017, filed 24 February 2020: the filing.