Vivmark Residential (VMRK) FY2011 results: revenue $1.5 billion, up 4.7% on the year
Vivmark Residential (VMRK) reported revenue of $1.5 billion for fiscal 2011, the year ended 31 December 2011, up 4.7% on the year before. Net income was $894 million, up 215.1%, and diluted earnings per share $2.95. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$1.5 billion
+4.7% on the year
FY2007FY2011
Operating margin
26.7%
19.5% a year earlier
FY2007FY2011
Net income
$894 million
+215.1% on the year
FY2007FY2011
Diluted EPS
$2.95
+210.5% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,525
1,456
1,621
+4.7%
Operating income
407
284
425
+43.0%
Operating margin
26.7%
19.5%
26.2%
Interest expense
460
458
491
+0.6%
Pre-tax income
-76.5
-190
-68.4
Income tax
0.7
0.3
2.7
+161.5%
Net income
894
284
362
+215.1%
Net margin
58.6%
19.5%
22.4%
Diluted EPS
$2.95
$0.95
$1.27
+210.5%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
800
726
671
+10.3%
Capital expenditure
121
131
331
-8.0%
Free cash flow
680
595
340
+14.3%
Free cash flow margin
44.6%
40.8%
21.0%
Cash from investing
-197
-639
105
Cash from financing
-651
152
-1,474
Depreciation and amortisation
506
n/a
n/a
Share-based compensation
21.2
18.9
17.8
+12.2%
Buybacks
0.0
1.9
1.1
Dividends paid
432
380
489
+13.7%
Dividend per share
$1.58
$1.47
$1.64
+7.5%
Diluted shares, weighted
312m
283m
290m
+10.3%
Shares outstanding at period end
298m
290m
280m
+2.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
5,669
5,090
5,047
+11.4%
Non-controlling interest
194
118
127
+63.7%
Debt
9,721
9,948
4,609
-2.3%
Other liabilities
1,075
1,028
5,634
+4.7%
Total liabilities and equity
16,659
16,184
15,418
+2.9%
Securities held for sale or to maturity
1.6
1.2
0.0
+29.8%
Cash and equivalents
384
431
193
-11.0%
Other assets
16,274
15,752
15,224
+3.3%
Total assets
16,659
16,184
15,418
+2.9%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.