Vivmark Residential (VMRK) FY2013 results: revenue $2.4 billion, up 36.6% on the year
Vivmark Residential (VMRK) reported revenue of $2.4 billion for fiscal 2013, the year ended 31 December 2013, up 36.6% on the year before. Net income was $1.8 billion, up 117.5%, and diluted earnings per share $5.16. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$2.4 billion
+36.6% on the year
FY2007FY2013
Operating margin
21.5%
29.4% a year earlier
FY2007FY2013
Net income
$1.8 billion
+117.5% on the year
FY2007FY2013
Diluted EPS
$5.16
+90.6% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,388
1,748
1,525
+36.6%
Operating income
512
514
407
-0.4%
Operating margin
21.5%
29.4%
26.7%
Interest expense
0.7
-455
460
Pre-tax income
-121
161
-76.5
Income tax
1.2
0.5
0.7
+127.4%
Effective tax rate
n/a
0.3%
n/a
Net income
1,831
842
894
+117.5%
Net margin
76.7%
48.2%
58.6%
Diluted EPS
$5.16
$2.71
$2.95
+90.6%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
869
1,046
800
-16.9%
Capital expenditure
377
180
121
+109.2%
Free cash flow
491
866
680
-43.2%
Free cash flow margin
20.6%
49.5%
44.6%
Cash from investing
-7.0
-261
-197
Cash from financing
-1,421
-557
-651
Depreciation and amortisation
980
561
506
+74.8%
Share-based compensation
35.5
24.8
21.2
+42.9%
Buybacks
0.0
0.0
0.0
Dividends paid
682
473
432
+44.0%
Dividend per share
$1.85
$1.78
$1.58
+3.9%
Diluted shares, weighted
354m
320m
312m
+10.8%
Shares outstanding at period end
360m
325m
298m
+10.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
10,507
7,290
5,669
+44.1%
Non-controlling interest
338
237
194
+42.4%
Debt
10,766
8,529
9,721
+26.2%
Other liabilities
1,223
1,145
1,075
+6.9%
Total liabilities and equity
22,835
17,201
16,659
+32.8%
Intangible assets
175
n/a
n/a
Securities held for sale or to maturity
0.0
2.2
1.6
Cash and equivalents
53.5
613
384
-91.3%
Other assets
22,606
16,586
16,274
+36.3%
Total assets
22,835
17,201
16,659
+32.8%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.