Vivmark Residential (VMRK) FY2012 results: revenue $1.7 billion, up 14.6% on the year
Vivmark Residential (VMRK) reported revenue of $1.7 billion for fiscal 2012, the year ended 31 December 2012, up 14.6% on the year before. Net income was $842 million, down 5.8%, and diluted earnings per share $2.71. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$1.7 billion
+14.6% on the year
FY2007FY2012
Operating margin
29.4%
26.7% a year earlier
FY2007FY2012
Net income
$842 million
-5.8% on the year
FY2007FY2012
Diluted EPS
$2.71
-8.3% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,748
1,525
1,456
+14.6%
Operating income
514
407
284
+26.5%
Operating margin
29.4%
26.7%
19.5%
Interest expense
-455
460
458
Pre-tax income
161
-76.5
-190
Income tax
0.5
0.7
0.3
-27.2%
Effective tax rate
0.3%
n/a
n/a
Net income
842
894
284
-5.8%
Net margin
48.2%
58.6%
19.5%
Diluted EPS
$2.71
$2.95
$0.95
-8.3%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,046
800
726
+30.7%
Capital expenditure
180
121
131
+49.4%
Free cash flow
866
680
595
+27.4%
Free cash flow margin
49.5%
44.6%
40.8%
Cash from investing
-261
-197
-639
Cash from financing
-557
-651
152
Depreciation and amortisation
561
506
n/a
+10.8%
Share-based compensation
24.8
21.2
18.9
+17.3%
Buybacks
0.0
0.0
1.9
Dividends paid
473
432
380
+9.6%
Dividend per share
$1.78
$1.58
$1.47
+12.7%
Diluted shares, weighted
320m
312m
283m
+2.5%
Shares outstanding at period end
325m
298m
290m
+9.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
7,290
5,669
5,090
+28.6%
Non-controlling interest
237
194
118
+22.4%
Debt
8,529
9,721
9,948
-12.3%
Other liabilities
1,145
1,075
1,028
+6.4%
Total liabilities and equity
17,201
16,659
16,184
+3.3%
Securities held for sale or to maturity
2.2
1.6
1.2
+42.8%
Cash and equivalents
613
384
431
+59.6%
Other assets
16,586
16,274
15,752
+1.9%
Total assets
17,201
16,659
16,184
+3.3%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.