Regency Centers (REG) FY2023 results: revenue $1.3 billion, up 8.0% on the year
Regency Centers Corp. (REG) reported revenue of $1.3 billion for fiscal 2023, the year ended 31 December 2023, up 8.0% on the year before. Net income was $365 million, down 24.5%, and diluted earnings per share $2.04. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$1.3 billion
+8.0% on the year
FY2017FY2023
Operating margin
71.9%
73.3% a year earlier
FY2017FY2023
Net income
$365 million
-24.5% on the year
FY2017FY2023
Diluted EPS
$2.04
-27.4% on the year
FY2017FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
720
656
659
+9.7%
Capital expenditure
233
195
178
+19.2%
Free cash flow
487
460
482
+5.7%
Free cash flow margin
36.8%
37.6%
41.3%
Cash from investing
-342
-206
-286
Cash from financing
-355
-476
-656
Depreciation and amortisation
352
320
303
+10.2%
Share-based compensation
20.1
16.5
12.5
+21.5%
Buybacks
20.0
75.4
n/a
-73.5%
Dividends paid
453
428
403
+5.8%
Dividend per share
$2.62
$2.52
$2.41
+3.8%
Shares outstanding at period end
185m
n/a
n/a
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
7,033
6,097
6,037
+15.3%
Non-controlling interest
159
81.1
72.6
+96.5%
Debt
4,154
3,727
3,719
+11.5%
Other liabilities
1,081
955
964
+13.1%
Total liabilities and equity
12,427
10,860
10,793
+14.4%
Fixed assets
6.7
5.8
5.4
+14.7%
Goodwill
167
167
167
0.0%
Intangible assets
283
198
213
+43.3%
Cash and equivalents
91.4
68.8
95.0
+32.8%
Other assets
11,878
10,421
10,312
+14.0%
Total assets
12,427
10,860
10,793
+14.4%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.