Vivmark Residential (VMRK) FY2017 results: revenue $2.5 billion, up 1.9% on the year
Vivmark Residential (VMRK) reported revenue of $2.5 billion for fiscal 2017, the year ended 31 December 2017, up 1.9% on the year before. Net income was $603 million, down 85.9%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$2.5 billion
+1.9% on the year
FY2010FY2017
Operating margin
40.6%
35.3% a year earlier
FY2010FY2017
Net income
$603 million
-85.9% on the year
FY2010FY2017
Diluted EPS
$1.63
-86.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,471
2,426
2,745
+1.9%
Operating income
1,005
856
1,009
+17.3%
Operating margin
40.6%
35.3%
36.8%
Interest expense
384
482
444
-20.4%
Pre-tax income
613
417
558
+47.2%
Income tax
0.5
1.6
0.9
-70.4%
Effective tax rate
0.1%
0.4%
0.2%
Net income
603
4,292
870
-85.9%
Net margin
24.4%
176.9%
31.7%
Diluted EPS
$1.63
$11.68
$2.36
-86.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,266
1,214
1,356
+4.3%
Capital expenditure
276
567
654
-51.2%
Free cash flow
989
647
703
+52.9%
Free cash flow margin
40.0%
26.7%
25.6%
Cash from investing
-594
5,904
-696
Cash from financing
-790
-7,054
-666
Depreciation and amortisation
748
709
769
+5.4%
Share-based compensation
25.0
30.5
34.6
-18.1%
Buybacks
n/a
0.0
0.0
Dividends paid
739
4,772
785
-84.5%
Dividend per share
$2.02
$13.02
$2.21
-84.5%
Diluted shares, weighted
383m
382m
381m
+0.2%
Shares outstanding at period end
368m
366m
365m
+0.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
10,242
10,229
10,470
+0.1%
Non-controlling interest
231
232
226
-0.2%
Redeemable equity
367
442
n/a
-17.0%
Debt
9,071
8,987
10,921
+0.9%
Other liabilities
659
814
1,492
-19.1%
Total liabilities and equity
20,571
20,704
23,110
-0.6%
Intangible assets
n/a
n/a
166
Cash and equivalents
50.6
77.2
42.3
-34.4%
Other assets
20,520
20,627
22,902
-0.5%
Total assets
20,571
20,704
23,110
-0.6%
10-K for the year ended 31 December 2017, filed 22 February 2018: the filing.