Udr (UDR) FY2015 results: revenue $872 million, up 6.6% on the year
Udr, Inc. (UDR) reported revenue of $872 million for fiscal 2015, the year ended 31 December 2015, up 6.6% on the year before. Net income was $340 million, up 120.5%, and diluted earnings per share $1.29. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$872 million
+6.6% on the year
FY2008FY2015
Operating margin
18.3%
15.5% a year earlier
FY2008FY2015
Net income
$340 million
+120.5% on the year
FY2008FY2015
Diluted EPS
$1.29
+118.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
872
818
759
+6.6%
Operating income
160
127
117
+25.9%
Operating margin
18.3%
15.5%
15.4%
Interest expense
122
130
126
-6.6%
Pre-tax income
102
1.2
-5.0
+8,643.2%
Income tax
-3.9
-15.1
-8.3
Effective tax rate
-3.8%
-1302.6%
n/a
Net income
340
154
44.8
+120.5%
Net margin
39.0%
18.9%
5.9%
Diluted EPS
$1.29
$0.59
$0.16
+118.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
459
397
340
+15.4%
Capital expenditure
4.0
5.5
7.6
-26.3%
Free cash flow
455
392
332
+16.0%
Free cash flow margin
52.1%
47.9%
43.8%
Cash from investing
-265
-299
-123
Cash from financing
-202
-114
-199
Depreciation and amortisation
381
364
348
+4.8%
Share-based compensation
18.0
14.0
9.5
+29.1%
Dividends paid
283
256
232
+10.6%
Dividend per share
$1.11
$1.04
$0.94
+6.7%
Diluted shares, weighted
264m
253m
250m
+4.1%
Shares outstanding at period end
262m
255m
251m
+2.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,900
2,735
2,812
+6.0%
Non-controlling interest
0.9
0.9
0.9
+0.4%
Redeemable equity
946
282
218
+235.0%
Debt
3,571
3,565
3,524
+0.2%
Other liabilities
246
245
254
+0.4%
Total liabilities and equity
7,664
6,829
6,808
+12.2%
Intangible assets
n/a
n/a
9.0
Cash and equivalents
6.7
15.2
30.2
-55.7%
Other assets
7,657
6,814
6,768
+12.4%
Total assets
7,664
6,829
6,808
+12.2%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.