Udr (UDR) FY2012 results: revenue $717 million, up 15.0% on the year
Udr, Inc. (UDR) reported revenue of $717 million for fiscal 2012, the year ended 31 December 2012, up 15.0% on the year before. Net income was $212 million, up 959.7%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$717 million
+15.0% on the year
FY2008FY2012
Operating margin
9.4%
3.6% a year earlier
FY2008FY2012
Net income
$212 million
+959.7% on the year
FY2008FY2012
Diluted EPS
$0.85
+1,600.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
717
623
525
+15.0%
Operating income
67.3
22.4
-116
+199.6%
Operating margin
9.4%
3.6%
-22.1%
Interest expense
139
156
139
-11.2%
Pre-tax income
-76.6
-133
n/a
Income tax
-21.1
7.6
-2.5
Net income
212
20.0
-103
+959.7%
Net margin
29.6%
3.2%
-19.6%
Diluted EPS
$0.85
$0.05
-$0.68
+1,600.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
327
251
214
+30.1%
Capital expenditure
7.9
13.3
4.3
-40.1%
Free cash flow
319
238
210
+34.1%
Free cash flow margin
44.5%
38.2%
40.0%
Cash from investing
-212
-1,053
-584
Cash from financing
-116
806
373
Depreciation and amortisation
355
374
308
-5.3%
Share-based compensation
1.9
n/a
n/a
Dividends paid
207
150
121
+37.9%
Dividend per share
$0.88
$0.80
$0.73
+10.0%
Diluted shares, weighted
250m
201m
166m
+24.2%
Shares outstanding at period end
250m
220m
182m
+13.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,993
2,314
1,606
+29.3%
Non-controlling interest
0.9
4.7
3.7
-80.7%
Redeemable equity
223
236
119
-5.5%
Debt
3,409
3,918
3,413
-13.0%
Other liabilities
233
248
388
-6.1%
Total liabilities and equity
6,859
6,721
5,530
+2.0%
Intangible assets
11.9
21.4
13.3
-44.4%
Securities held for sale or to maturity
n/a
0.0
3.9
Cash and equivalents
12.1
12.5
9.5
-3.1%
Other assets
6,835
6,687
5,503
+2.2%
Total assets
6,859
6,721
5,530
+2.0%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.