Terreno Realty (TRNO) FY2017 results: revenue $132 million, up 22.2% on the year
Terreno Realty Corp. (TRNO) reported revenue of $132 million for fiscal 2017, the year ended 31 December 2017, up 22.2% on the year before. Net income was $53 million, up 251.2%, and diluted earnings per share $0.95. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2019.
Revenue
$132 million
+22.2% on the year
FY2011FY2017
Operating margin
29.5%
19.6% a year earlier
FY2011FY2017
Net income
$53 million
+251.2% on the year
FY2011FY2017
Diluted EPS
$0.95
+265.4% on the year
FY2011FY2017
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
132
108
95.9
+22.2%
Operating income
39.0
21.2
13.7
+83.8%
Operating margin
29.5%
19.6%
14.2%
Interest expense
16.8
13.1
9.6
+28.5%
Net income
53.1
15.1
14.6
+251.2%
Net margin
40.1%
13.9%
15.2%
Diluted EPS
$0.95
$0.26
$0.26
+265.4%
$ 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
69.5
49.2
42.1
+41.1%
Capital expenditure
27.4
26.9
18.8
+1.7%
Free cash flow
42.1
22.3
23.2
+88.7%
Free cash flow margin
31.8%
20.6%
24.2%
Cash from investing
-249
-150
-255
Cash from financing
204
93.8
45.1
+117.5%
Depreciation and amortisation
37.9
34.4
36.0
+10.1%
Share-based compensation
8.7
9.4
6.1
-7.5%
Buybacks
3.4
1.6
0.5
+121.5%
Dividends paid
41.9
33.2
27.5
+26.2%
Diluted shares, weighted
51m
n/a
n/a
Shares outstanding at period end
55m
47m
43m
+16.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,027
812
733
+26.6%
Debt
462
415
384
+11.2%
Other liabilities
78.7
51.8
35.0
+51.8%
Total liabilities and equity
1,568
1,279
1,152
+22.6%
Intangible assets
4.1
18.1
n/a
-77.4%
Loans
0.0
n/a
n/a
Cash and equivalents
35.7
14.2
22.4
+151.3%
Other assets
1,528
1,247
1,130
+22.6%
Total assets
1,568
1,279
1,152
+22.6%
10-K for the year ended 31 December 2017, filed 6 February 2019: the filing.