Udr (UDR) FY2022 results: revenue $1.5 billion, up 17.6% on the year
Udr, Inc. (UDR) reported revenue of $1.5 billion for fiscal 2022, the year ended 31 December 2022, up 17.6% on the year before. Net income was $87 million, down 42.1%, and diluted earnings per share $0.26. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2023.
Revenue
$1.5 billion
+17.6% on the year
FY2015FY2022
Operating margin
16.5%
20.8% a year earlier
FY2015FY2022
Net income
$87 million
-42.1% on the year
FY2015FY2022
Diluted EPS
$0.26
-45.8% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
820
664
604
+23.5%
Capital expenditure
215
156
163
+37.4%
Free cash flow
605
508
441
+19.2%
Free cash flow margin
39.9%
39.3%
35.5%
Cash from investing
-930
-1,272
-461
Cash from financing
111
613
-153
-81.8%
Depreciation and amortisation
680
620
619
+9.6%
Share-based compensation
27.5
22.1
19.6
+24.7%
Buybacks
49.0
n/a
19.8
Dividends paid
484
434
419
+11.5%
Dividend per share
$1.52
$1.45
$1.44
+4.8%
Diluted shares, weighted
323m
302m
295m
+7.0%
Shares outstanding at period end
329m
318m
297m
+3.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,098
3,443
3,234
+19.0%
Non-controlling interest
0.2
31.4
24.4
-99.3%
Redeemable equity
840
1,299
856
-35.4%
Debt
5,487
5,413
4,977
+1.4%
Other liabilities
613
589
546
+4.1%
Total liabilities and equity
11,038
10,775
9,638
+2.4%
Intangible assets
40.3
62.7
37.4
-35.7%
Loans
54.7
26.9
158
+103.7%
Cash and equivalents
1.2
1.0
1.4
+23.4%
Other assets
10,942
10,685
9,441
+2.4%
Total assets
11,038
10,775
9,638
+2.4%
10-K for the year ended 31 December 2022, filed 13 February 2023: the filing.