Vivmark Residential (VMRK) FY2019 results: revenue $2.7 billion, up 4.8% on the year
Vivmark Residential (VMRK) reported revenue of $2.7 billion for fiscal 2019, the year ended 31 December 2019, up 4.8% on the year before. Net income was $970 million, up 47.6%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$2.7 billion
+4.8% on the year
FY2012FY2019
Operating margin
50.2%
43.2% a year earlier
FY2012FY2019
Net income
$970 million
+47.6% on the year
FY2012FY2019
Diluted EPS
$2.60
+46.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,701
2,578
2,471
+4.8%
Operating income
1,357
1,115
1,005
+21.7%
Operating margin
50.2%
43.2%
40.6%
Interest expense
390
413
384
-5.6%
Pre-tax income
939
689
613
+36.4%
Income tax
-2.3
0.9
0.5
Effective tax rate
-0.2%
0.1%
0.1%
Net income
970
658
603
+47.6%
Net margin
35.9%
25.5%
24.4%
Diluted EPS
$2.60
$1.77
$1.63
+46.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,457
1,356
1,266
+7.4%
Capital expenditure
196
154
276
+26.7%
Free cash flow
1,261
1,202
989
+4.9%
Free cash flow margin
46.7%
46.6%
40.0%
Cash from investing
-772
-377
-594
Cash from financing
-684
-964
-790
Depreciation and amortisation
n/a
790
748
Share-based compensation
24.4
27.1
25.0
-9.9%
Dividends paid
831
782
739
+6.3%
Dividend per share
n/a
$2.16
$2.02
Diluted shares, weighted
386m
384m
383m
+0.7%
Shares outstanding at period end
372m
369m
368m
+0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
10,316
10,173
10,242
+1.4%
Non-controlling interest
229
226
231
+1.1%
Redeemable equity
463
379
367
+22.2%
Debt
9,131
8,913
9,071
+2.4%
Other liabilities
1,034
703
659
+47.1%
Total liabilities and equity
21,173
20,394
20,571
+3.8%
Cash and equivalents
45.8
47.4
50.6
-3.6%
Other assets
21,127
20,347
20,520
+3.8%
Total assets
21,173
20,394
20,571
+3.8%
10-K for the year ended 31 December 2019, filed 20 February 2020: the filing.