Safehold (SAFE) FY2015 results: revenue $496 million, up 11.4% on the year
Safehold Inc. (SAFE) reported revenue of $496 million for fiscal 2015, the year ended 31 December 2015, up 11.4% on the year before. Net income was -$2 million, and diluted earnings per share $-0.62. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$496 million
+11.4% on the year
FY2009FY2015
Operating margin
-28.1%
-34.4% a year earlier
FY2009FY2015
Net income
-$2 million
FY2009FY2015
Diluted EPS
-$0.62
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
496
445
391
+11.4%
Operating income
-139
-153
-222
Operating margin
-28.1%
-34.4%
-56.9%
Interest expense
225
224
266
+0.1%
Pre-tax income
-107
-83.4
-221
Income tax
7.6
3.9
-0.7
+95.3%
Net income
-2.4
16.5
-112
Net margin
-0.5%
3.7%
-28.6%
Diluted EPS
-$0.62
-$0.40
-$1.83
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-58.2
-10.3
-180
Capital expenditure
81.5
68.5
73.1
+19.1%
Free cash flow
-140
-78.8
-254
Free cash flow margin
-28.2%
-17.7%
-64.9%
Cash from investing
184
160
893
+15.2%
Cash from financing
113
-191
-456
Depreciation and amortisation
65.2
73.6
71.5
-11.3%
Share-based compensation
12.0
13.3
19.3
-9.8%
Buybacks
69.5
0.0
21.0
Diluted shares, weighted
85m
85m
n/a
-0.1%
Shares outstanding at period end
81m
85m
84m
-4.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,059
1,197
1,243
-11.5%
Non-controlling interest
42.2
51.3
58.2
-17.6%
Redeemable equity
10.7
11.2
11.6
-4.3%
Debt
4,119
4,023
4,158
+2.4%
Other liabilities
367
181
171
+102.8%
Total liabilities and equity
5,598
5,463
5,642
+2.5%
Intangible assets
33.5
50.1
101
-33.1%
Securities held for sale or to maturity
n/a
n/a
1.0
Cash and equivalents
711
472
514
+50.6%
Other assets
4,853
4,941
5,027
-1.8%
Total assets
5,598
5,463
5,642
+2.5%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.