Udr (UDR) FY2014 results: revenue $818 million, up 7.8% on the year
Udr, Inc. (UDR) reported revenue of $818 million for fiscal 2014, the year ended 31 December 2014, up 7.8% on the year before. Net income was $154 million, up 244.4%, and diluted earnings per share $0.59. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$818 million
+7.8% on the year
FY2008FY2014
Operating margin
15.5%
15.4% a year earlier
FY2008FY2014
Net income
$154 million
+244.4% on the year
FY2008FY2014
Diluted EPS
$0.59
+268.7% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
818
759
717
+7.8%
Operating income
127
117
67.3
+8.4%
Operating margin
15.5%
15.4%
9.4%
Interest expense
130
126
139
+3.5%
Pre-tax income
1.2
-5.0
-76.6
Income tax
-15.1
-8.3
-21.1
Effective tax rate
-1302.6%
n/a
n/a
Net income
154
44.8
212
+244.4%
Net margin
18.9%
5.9%
29.6%
Diluted EPS
$0.59
$0.16
$0.85
+268.7%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
397
340
327
+16.9%
Capital expenditure
5.5
7.6
7.9
-28.0%
Free cash flow
392
332
319
+17.9%
Free cash flow margin
47.9%
43.8%
44.5%
Cash from investing
-299
-123
-212
Cash from financing
-114
-199
-116
Depreciation and amortisation
364
348
355
+4.5%
Share-based compensation
14.0
9.5
1.9
+46.4%
Dividends paid
256
232
207
+10.5%
Dividend per share
$1.04
$0.94
$0.88
+10.6%
Diluted shares, weighted
253m
250m
250m
+1.4%
Shares outstanding at period end
255m
251m
250m
+1.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,735
2,812
2,993
-2.7%
Non-controlling interest
0.9
0.9
0.9
-0.4%
Redeemable equity
282
218
223
+29.8%
Debt
3,565
3,524
3,409
+1.2%
Other liabilities
245
254
233
-3.5%
Total liabilities and equity
6,829
6,808
6,859
+0.3%
Intangible assets
n/a
9.0
11.9
Cash and equivalents
15.2
30.2
12.1
-49.7%
Other assets
6,814
6,768
6,835
+0.7%
Total assets
6,829
6,808
6,859
+0.3%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.