Terreno Realty (TRNO) FY2019 results: revenue $171 million, up 12.8% on the year
Terreno Realty Corp. (TRNO) reported revenue of $171 million for fiscal 2019, the year ended 31 December 2019, up 12.8% on the year before. Net income was $56 million, down 12.3%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2020.
Revenue
$171 million
+12.8% on the year
FY2012FY2019
Operating margin
34.4%
32.5% a year earlier
FY2012FY2019
Net income
$56 million
-12.3% on the year
FY2012FY2019
Diluted EPS
$0.85
-22.0% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
171
152
132
+12.8%
Operating income
58.8
49.2
39.0
+19.5%
Operating margin
34.4%
32.5%
29.5%
Interest expense
16.3
18.2
16.8
-10.3%
Net income
55.5
63.3
53.1
-12.3%
Net margin
32.5%
41.7%
40.1%
Diluted EPS
$0.85
$1.09
$0.95
-22.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
94.7
77.6
69.5
+22.0%
Capital expenditure
32.1
29.0
27.4
+10.7%
Free cash flow
62.6
48.6
42.1
+28.8%
Free cash flow margin
36.6%
32.1%
31.8%
Cash from investing
-251
-235
-249
Cash from financing
235
149
204
+57.7%
Depreciation and amortisation
44.0
40.8
37.9
+7.8%
Share-based compensation
10.6
9.3
8.7
+14.8%
Buybacks
4.0
3.9
3.4
+2.3%
Dividends paid
63.6
51.4
41.9
+23.6%
Dividend per share
$1.02
n/a
n/a
Diluted shares, weighted
65m
57m
51m
+12.6%
Shares outstanding at period end
67m
61m
55m
+10.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,517
1,248
1,027
+21.6%
Debt
492
462
462
+6.4%
Other liabilities
99.8
86.6
78.7
+15.2%
Total liabilities and equity
2,108
1,797
1,568
+17.4%
Intangible assets
n/a
n/a
4.1
Loans
15.9
54.5
0.0
-70.9%
Cash and equivalents
110
31.0
35.7
+255.1%
Other assets
1,983
1,711
1,528
+15.9%
Total assets
2,108
1,797
1,568
+17.4%
10-K for the year ended 31 December 2019, filed 6 February 2020: the filing.