Vivmark Residential (VMRK) FY2016 results: revenue $2.4 billion, down 11.6% on the year
Vivmark Residential (VMRK) reported revenue of $2.4 billion for fiscal 2016, the year ended 31 December 2016, down 11.6% on the year before. Net income was $4.3 billion, up 393.3%, and diluted earnings per share $11.68. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$2.4 billion
-11.6% on the year
FY2009FY2016
Operating margin
35.3%
36.8% a year earlier
FY2009FY2016
Net income
$4.3 billion
+393.3% on the year
FY2009FY2016
Diluted EPS
$11.68
+394.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,426
2,745
2,615
-11.6%
Operating income
856
1,009
921
-15.1%
Operating margin
35.3%
36.8%
35.2%
Interest expense
482
444
1.3
+8.6%
Pre-tax income
417
558
448
-25.4%
Income tax
1.6
0.9
1.4
+75.9%
Effective tax rate
0.4%
0.2%
0.3%
Net income
4,292
870
631
+393.3%
Net margin
176.9%
31.7%
24.1%
Diluted EPS
$11.68
$2.36
$1.73
+394.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,214
1,356
1,324
-10.5%
Capital expenditure
567
654
530
-13.3%
Free cash flow
647
703
794
-7.9%
Free cash flow margin
26.7%
25.6%
30.4%
Cash from investing
5,904
-696
-645
Cash from financing
-7,054
-666
-693
Depreciation and amortisation
709
769
762
-7.8%
Share-based compensation
30.5
34.6
27.5
-11.8%
Buybacks
0.0
0.0
1.8
Dividends paid
4,772
785
777
+508.1%
Dividend per share
$13.02
$2.21
$2.00
+488.9%
Diluted shares, weighted
382m
381m
378m
+0.4%
Shares outstanding at period end
366m
365m
363m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
10,229
10,470
10,368
-2.3%
Non-controlling interest
232
226
339
+2.6%
Redeemable equity
442
n/a
n/a
Debt
8,987
10,921
10,845
-17.7%
Other liabilities
814
1,492
1,398
-45.5%
Total liabilities and equity
20,704
23,110
22,951
-10.4%
Intangible assets
n/a
166
171
Cash and equivalents
77.2
42.3
40.1
+82.6%
Other assets
20,627
22,902
22,740
-9.9%
Total assets
20,704
23,110
22,951
-10.4%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.