Vivmark Residential (VMRK) FY2014 results: revenue $2.6 billion, up 9.5% on the year
Vivmark Residential (VMRK) reported revenue of $2.6 billion for fiscal 2014, the year ended 31 December 2014, up 9.5% on the year before. Net income was $631 million, down 65.5%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$2.6 billion
+9.5% on the year
FY2007FY2014
Operating margin
35.2%
21.5% a year earlier
FY2007FY2014
Net income
$631 million
-65.5% on the year
FY2007FY2014
Diluted EPS
$1.73
-66.5% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,615
2,388
1,748
+9.5%
Operating income
921
512
514
+79.9%
Operating margin
35.2%
21.5%
29.4%
Interest expense
1.3
0.7
-455
+85.7%
Pre-tax income
448
-121
161
Income tax
1.4
1.2
0.5
+19.2%
Effective tax rate
0.3%
n/a
0.3%
Net income
631
1,831
842
-65.5%
Net margin
24.1%
76.7%
48.2%
Diluted EPS
$1.73
$5.16
$2.71
-66.5%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,324
869
1,046
+52.4%
Capital expenditure
530
377
180
+40.5%
Free cash flow
794
491
866
+61.5%
Free cash flow margin
30.4%
20.6%
49.5%
Cash from investing
-645
-7.0
-261
Cash from financing
-693
-1,421
-557
Depreciation and amortisation
762
980
561
-22.2%
Share-based compensation
27.5
35.5
24.8
-22.4%
Buybacks
1.8
0.0
0.0
Dividends paid
777
682
473
+13.9%
Dividend per share
$2.00
$1.85
$1.78
+8.1%
Diluted shares, weighted
378m
354m
320m
+6.6%
Shares outstanding at period end
363m
360m
325m
+0.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
10,368
10,507
7,290
-1.3%
Non-controlling interest
339
338
237
+0.4%
Debt
10,845
10,766
8,529
+0.7%
Other liabilities
1,398
1,223
1,145
+14.3%
Total liabilities and equity
22,951
22,835
17,201
+0.5%
Intangible assets
171
175
n/a
-2.6%
Securities held for sale or to maturity
n/a
0.0
2.2
Cash and equivalents
40.1
53.5
613
-25.1%
Other assets
22,740
22,606
16,586
+0.6%
Total assets
22,951
22,835
17,201
+0.5%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.