Vivmark Residential (VMRK) FY2020 results: revenue $2.6 billion, down 4.8% on the year
Vivmark Residential (VMRK) reported revenue of $2.6 billion for fiscal 2020, the year ended 31 December 2020, down 4.8% on the year before. Net income was $914 million, down 5.8%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$2.6 billion
-4.8% on the year
FY2013FY2020
Operating margin
51.2%
50.2% a year earlier
FY2013FY2020
Net income
$914 million
-5.8% on the year
FY2013FY2020
Diluted EPS
$2.45
-5.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,572
2,701
2,578
-4.8%
Operating income
1,318
1,357
1,115
-2.8%
Operating margin
51.2%
50.2%
43.2%
Interest expense
365
390
413
-6.4%
Pre-tax income
932
939
689
-0.7%
Income tax
0.9
-2.3
0.9
Effective tax rate
0.1%
-0.2%
0.1%
Net income
914
970
658
-5.8%
Net margin
35.5%
35.9%
25.5%
Diluted EPS
$2.45
$2.60
$1.77
-5.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,266
1,457
1,356
-13.1%
Capital expenditure
230
196
154
+17.7%
Free cash flow
1,035
1,261
1,202
-17.9%
Free cash flow margin
40.3%
46.7%
46.6%
Cash from investing
664
-772
-377
Cash from financing
-1,946
-684
-964
Depreciation and amortisation
n/a
n/a
790
Share-based compensation
23.2
24.4
27.1
-5.2%
Dividends paid
884
831
782
+6.4%
Dividend per share
n/a
n/a
$2.16
Diluted shares, weighted
386m
386m
384m
-0.1%
Shares outstanding at period end
372m
372m
369m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10,526
10,316
10,173
+2.0%
Non-controlling interest
238
229
226
+3.8%
Redeemable equity
339
463
379
-26.9%
Debt
8,127
9,131
8,913
-11.0%
Other liabilities
1,058
1,034
703
+2.3%
Total liabilities and equity
20,287
21,173
20,394
-4.2%
Cash and equivalents
42.6
45.8
47.4
-6.9%
Other assets
20,244
21,127
20,347
-4.2%
Total assets
20,287
21,173
20,394
-4.2%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.