Udr (UDR) FY2013 results: revenue $759 million, up 5.9% on the year
Udr, Inc. (UDR) reported revenue of $759 million for fiscal 2013, the year ended 31 December 2013, up 5.9% on the year before. Net income was $45 million, down 78.9%, and diluted earnings per share $0.16. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$759 million
+5.9% on the year
FY2008FY2013
Operating margin
15.4%
9.4% a year earlier
FY2008FY2013
Net income
$45 million
-78.9% on the year
FY2008FY2013
Diluted EPS
$0.16
-81.2% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
759
717
623
+5.9%
Operating income
117
67.3
22.4
+73.8%
Operating margin
15.4%
9.4%
3.6%
Interest expense
126
139
156
-9.2%
Pre-tax income
-5.0
-76.6
-133
Income tax
-8.3
-21.1
7.6
Net income
44.8
212
20.0
-78.9%
Net margin
5.9%
29.6%
3.2%
Diluted EPS
$0.16
$0.85
$0.05
-81.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
340
327
251
+3.9%
Capital expenditure
7.6
7.9
13.3
-3.9%
Free cash flow
332
319
238
+4.1%
Free cash flow margin
43.8%
44.5%
38.2%
Cash from investing
-123
-212
-1,053
Cash from financing
-199
-116
806
Depreciation and amortisation
348
355
374
-1.8%
Share-based compensation
9.5
1.9
n/a
+401.6%
Dividends paid
232
207
150
+11.7%
Dividend per share
$0.94
$0.88
$0.80
+6.8%
Diluted shares, weighted
250m
250m
201m
+0.0%
Shares outstanding at period end
251m
250m
220m
+0.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,812
2,993
2,314
-6.1%
Non-controlling interest
0.9
0.9
4.7
-6.6%
Redeemable equity
218
223
236
-2.6%
Debt
3,524
3,409
3,918
+3.4%
Other liabilities
254
233
248
+9.2%
Total liabilities and equity
6,808
6,859
6,721
-0.7%
Intangible assets
9.0
11.9
21.4
-24.4%
Securities held for sale or to maturity
n/a
n/a
0.0
Cash and equivalents
30.2
12.1
12.5
+149.7%
Other assets
6,768
6,835
6,687
-1.0%
Total assets
6,808
6,859
6,721
-0.7%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.