Terreno Realty (TRNO) FY2020 results: revenue $187 million, up 9.3% on the year
Terreno Realty Corp. (TRNO) reported revenue of $187 million for fiscal 2020, the year ended 31 December 2020, up 9.3% on the year before. Net income was $80 million, up 43.7%, and diluted earnings per share $1.16. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2021.
Revenue
$187 million
+9.3% on the year
FY2013FY2020
Operating margin
36.5%
34.4% a year earlier
FY2013FY2020
Net income
$80 million
+43.7% on the year
FY2013FY2020
Diluted EPS
$1.16
+36.5% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
187
171
152
+9.3%
Operating income
68.2
58.8
49.2
+15.8%
Operating margin
36.5%
34.4%
32.5%
Interest expense
16.0
16.3
18.2
-2.1%
Net income
79.8
55.5
63.3
+43.7%
Net margin
42.7%
32.5%
41.7%
Diluted EPS
$1.16
$0.85
$1.09
+36.5%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
101
94.7
77.6
+6.7%
Capital expenditure
31.6
32.1
29.0
-1.4%
Free cash flow
69.4
62.6
48.6
+10.9%
Free cash flow margin
37.2%
36.6%
32.1%
Cash from investing
-52.1
-251
-235
Cash from financing
-53.9
235
149
Depreciation and amortisation
45.9
44.0
40.8
+4.2%
Share-based compensation
9.8
10.6
9.3
-7.7%
Buybacks
9.8
4.0
3.9
+148.5%
Dividends paid
74.8
63.6
51.4
+17.6%
Dividend per share
$1.12
$1.02
n/a
+9.8%
Diluted shares, weighted
68m
65m
57m
+5.3%
Shares outstanding at period end
67m
67m
61m
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,588
1,517
1,248
+4.7%
Debt
459
492
462
-6.6%
Other liabilities
92.5
99.8
86.6
-7.3%
Total liabilities and equity
2,140
2,108
1,797
+1.5%
Loans
n/a
15.9
54.5
Cash and equivalents
107
110
31.0
-2.6%
Other assets
2,033
1,983
1,711
+2.5%
Total assets
2,140
2,108
1,797
+1.5%
10-K for the year ended 31 December 2020, filed 10 February 2021: the filing.