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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)

$ millionFY2012FY2011FY2010On the yearLast 8 years
Revenue717623525+15.0%
Operating income67.322.4-116+199.6%
Operating margin9.4%3.6%-22.1%
Interest expense139156139-11.2%
Pre-tax income-76.6-133n/a
Income tax-21.17.6-2.5
Net income21220.0-103+959.7%
Net margin29.6%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

$ millionFY2012FY2011FY2010On the yearLast 8 years
Operating cash flow327251214+30.1%
Capital expenditure7.913.34.3-40.1%
Free cash flow319238210+34.1%
Free cash flow margin44.5%38.2%40.0%
Cash from investing-212-1,053-584
Cash from financing-116806373
Depreciation and amortisation355374308-5.3%
Share-based compensation1.9n/an/a
Dividends paid207150121+37.9%
Dividend per share$0.88$0.80$0.73+10.0%
Diluted shares, weighted250m201m166m+24.2%
Shares outstanding at period end250m220m182m+13.9%

Balance sheet

$ millionFY2012FY2011FY2010On the yearLast 8 years
Shareholders' equity2,9932,3141,606+29.3%
Non-controlling interest0.94.73.7-80.7%
Redeemable equity223236119-5.5%
Debt3,4093,9183,413-13.0%
Other liabilities233248388-6.1%
Total liabilities and equity6,8596,7215,530+2.0%
Intangible assets11.921.413.3-44.4%
Securities held for sale or to maturityn/a0.03.9
Cash and equivalents12.112.59.5-3.1%
Other assets6,8356,6875,503+2.2%
Total assets6,8596,7215,530+2.0%

10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.