Realty Income (O) FY2018 results: revenue $1.3 billion, up 9.2% on the year
Realty Income Corp. (O) reported revenue of $1.3 billion for fiscal 2018, the year ended 31 December 2018, up 9.2% on the year before. Net income was $364 million, up 14.1%, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$1.3 billion
+9.2% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$364 million
+14.1% on the year
FY2011FY2018
Diluted EPS
$1.26
+14.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,328
1,216
1,103
+9.2%
Interest expense
266
247
220
+7.5%
Income tax
5.3
6.0
3.3
-11.6%
Net income
364
319
316
+14.1%
Net margin
27.4%
26.2%
28.6%
Diluted EPS
$1.26
$1.10
$1.13
+14.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
941
876
800
+7.4%
Capital expenditure
25.4
15.2
13.4
+66.3%
Free cash flow
915
861
786
+6.4%
Free cash flow margin
68.9%
70.8%
71.3%
Cash from investing
-1,640
-1,255
-1,701
Cash from financing
708
375
866
+88.7%
Depreciation and amortisation
540
499
450
+8.2%
Share-based compensation
27.3
13.9
12.0
+95.5%
Dividends paid
762
689
611
+10.5%
Dividend per share
$2.63
$2.53
n/a
+4.1%
Diluted shares, weighted
290m
274m
256m
+5.8%
Shares outstanding at period end
304m
284m
260m
+6.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
8,089
7,372
6,767
+9.7%
Non-controlling interest
32.2
19.2
20.2
+67.8%
Debt
6,500
6,111
5,840
+6.4%
Other liabilities
640
556
526
+15.0%
Total liabilities and equity
15,260
14,058
13,153
+8.6%
Goodwill
14.6
15.0
15.1
-2.3%
Intangible assets
1,200
1,195
1,082
+0.4%
Cash and equivalents
10.4
6.9
9.4
+50.6%
Other assets
14,036
12,841
12,046
+9.3%
Total assets
15,260
14,058
13,153
+8.6%
10-K for the year ended 31 December 2018, filed 24 February 2020: the filing.