Terreno Realty (TRNO) FY2018 results: revenue $152 million, up 14.5% on the year
Terreno Realty Corp. (TRNO) reported revenue of $152 million for fiscal 2018, the year ended 31 December 2018, up 14.5% on the year before. Net income was $63 million, up 19.2%, and diluted earnings per share $1.09. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2019.
Revenue
$152 million
+14.5% on the year
FY2011FY2018
Operating margin
32.5%
29.5% a year earlier
FY2011FY2018
Net income
$63 million
+19.2% on the year
FY2011FY2018
Diluted EPS
$1.09
+14.7% 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
152
132
108
+14.5%
Operating income
49.2
39.0
21.2
+26.1%
Operating margin
32.5%
29.5%
19.6%
Interest expense
18.2
16.8
13.1
+8.5%
Net income
63.3
53.1
15.1
+19.2%
Net margin
41.7%
40.1%
13.9%
Diluted EPS
$1.09
$0.95
$0.26
+14.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
77.6
69.5
49.2
+11.7%
Capital expenditure
29.0
27.4
26.9
+5.7%
Free cash flow
48.6
42.1
22.3
+15.5%
Free cash flow margin
32.1%
31.8%
20.6%
Cash from investing
-235
-249
-150
Cash from financing
149
204
93.8
-26.9%
Depreciation and amortisation
40.8
37.9
34.4
+7.8%
Share-based compensation
9.3
8.7
9.4
+6.2%
Buybacks
3.9
3.4
1.6
+12.6%
Dividends paid
51.4
41.9
33.2
+22.9%
Diluted shares, weighted
57m
51m
n/a
+11.9%
Shares outstanding at period end
61m
55m
47m
+10.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,248
1,027
812
+21.4%
Debt
462
462
415
+0.1%
Other liabilities
86.6
78.7
51.8
+10.1%
Total liabilities and equity
1,797
1,568
1,279
+14.6%
Intangible assets
n/a
4.1
18.1
Loans
54.5
0.0
n/a
Cash and equivalents
31.0
35.7
14.2
-13.2%
Other assets
1,711
1,528
1,247
+12.0%
Total assets
1,797
1,568
1,279
+14.6%
10-K for the year ended 31 December 2018, filed 6 February 2019: the filing.