Vivmark Residential (VMRK) FY2018 results: revenue $2.6 billion, up 4.3% on the year
Vivmark Residential (VMRK) reported revenue of $2.6 billion for fiscal 2018, the year ended 31 December 2018, up 4.3% on the year before. Net income was $658 million, up 9.0%, and diluted earnings per share $1.77. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$2.6 billion
+4.3% on the year
FY2011FY2018
Operating margin
43.2%
40.6% a year earlier
FY2011FY2018
Net income
$658 million
+9.0% on the year
FY2011FY2018
Diluted EPS
$1.77
+8.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,578
2,471
2,426
+4.3%
Operating income
1,115
1,005
856
+11.0%
Operating margin
43.2%
40.6%
35.3%
Interest expense
413
384
482
+7.7%
Pre-tax income
689
613
417
+12.3%
Income tax
0.9
0.5
1.6
+83.7%
Effective tax rate
0.1%
0.1%
0.4%
Net income
658
603
4,292
+9.0%
Net margin
25.5%
24.4%
176.9%
Diluted EPS
$1.77
$1.63
$11.68
+8.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,356
1,266
1,214
+7.2%
Capital expenditure
154
276
567
-44.1%
Free cash flow
1,202
989
647
+21.5%
Free cash flow margin
46.6%
40.0%
26.7%
Cash from investing
-377
-594
5,904
Cash from financing
-964
-790
-7,054
Depreciation and amortisation
790
748
709
+5.7%
Share-based compensation
27.1
25.0
30.5
+8.5%
Buybacks
n/a
n/a
0.0
Dividends paid
782
739
4,772
+5.8%
Dividend per share
$2.16
$2.02
$13.02
+7.2%
Diluted shares, weighted
384m
383m
382m
+0.3%
Shares outstanding at period end
369m
368m
366m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,173
10,242
10,229
-0.7%
Non-controlling interest
226
231
232
-2.1%
Redeemable equity
379
367
442
+3.3%
Debt
8,913
9,071
8,987
-1.7%
Other liabilities
703
659
814
+6.7%
Total liabilities and equity
20,394
20,571
20,704
-0.9%
Cash and equivalents
47.4
50.6
77.2
-6.3%
Other assets
20,347
20,520
20,627
-0.8%
Total assets
20,394
20,571
20,704
-0.9%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.