Vivmark Residential (VMRK) FY2015 results: revenue $2.7 billion, up 5.0% on the year
Vivmark Residential (VMRK) reported revenue of $2.7 billion for fiscal 2015, the year ended 31 December 2015, up 5.0% on the year before. Net income was $870 million, up 37.8%, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$2.7 billion
+5.0% on the year
FY2008FY2015
Operating margin
36.8%
35.2% a year earlier
FY2008FY2015
Net income
$870 million
+37.8% on the year
FY2008FY2015
Diluted EPS
$2.36
+36.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,745
2,615
2,388
+5.0%
Operating income
1,009
921
512
+9.5%
Operating margin
36.8%
35.2%
21.5%
Interest expense
444
1.3
0.7
+34,059.2%
Pre-tax income
558
448
-121
+24.5%
Income tax
0.9
1.4
1.2
-34.2%
Effective tax rate
0.2%
0.3%
n/a
Net income
870
631
1,831
+37.8%
Net margin
31.7%
24.1%
76.7%
Diluted EPS
$2.36
$1.73
$5.16
+36.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,356
1,324
869
+2.4%
Capital expenditure
654
530
377
+23.3%
Free cash flow
703
794
491
-11.5%
Free cash flow margin
25.6%
30.4%
20.6%
Cash from investing
-696
-645
-7.0
Cash from financing
-666
-693
-1,421
Depreciation and amortisation
769
762
980
+0.9%
Share-based compensation
34.6
27.5
35.5
+25.6%
Buybacks
0.0
1.8
0.0
Dividends paid
785
777
682
+1.0%
Dividend per share
$2.21
$2.00
$1.85
+10.5%
Diluted shares, weighted
381m
378m
354m
+0.8%
Shares outstanding at period end
365m
363m
360m
+0.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
10,470
10,368
10,507
+1.0%
Non-controlling interest
226
339
338
-33.4%
Debt
10,921
10,845
10,766
+0.7%
Other liabilities
1,492
1,398
1,223
+6.8%
Total liabilities and equity
23,110
22,951
22,835
+0.7%
Intangible assets
166
171
175
-2.7%
Securities held for sale or to maturity
n/a
n/a
0.0
Cash and equivalents
42.3
40.1
53.5
+5.5%
Other assets
22,902
22,740
22,606
+0.7%
Total assets
23,110
22,951
22,835
+0.7%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.