Vivmark Residential (VMRK) FY2023 results: revenue $2.9 billion, up 5.1% on the year
Vivmark Residential (VMRK) reported revenue of $2.9 billion for fiscal 2023, the year ended 31 December 2023, up 5.1% on the year before. Net income was $835 million, up 7.5%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$2.9 billion
+5.1% on the year
FY2016FY2023
Operating margin
40.4%
40.8% a year earlier
FY2016FY2023
Net income
$835 million
+7.5% on the year
FY2016FY2023
Diluted EPS
$2.20
+7.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,533
1,455
1,260
+5.4%
Capital expenditure
78.2
109
206
-28.5%
Free cash flow
1,455
1,345
1,054
+8.1%
Free cash flow margin
50.6%
49.2%
42.8%
Cash from investing
-410
108
-435
Cash from financing
-1,120
-1,786
-565
Share-based compensation
31.8
29.5
27.8
+7.8%
Buybacks
49.1
n/a
n/a
Dividends paid
990
932
900
+6.3%
Dividend per share
$2.65
$2.50
n/a
+6.0%
Diluted shares, weighted
391m
389m
388m
+0.4%
Shares outstanding at period end
379m
378m
376m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
11,086
11,173
10,955
-0.8%
Non-controlling interest
203
209
232
-2.8%
Redeemable equity
289
318
499
-9.1%
Debt
7,465
7,494
8,421
-0.4%
Other liabilities
992
1,023
1,062
-3.1%
Total liabilities and equity
20,035
20,218
21,169
-0.9%
Cash and equivalents
50.7
53.9
124
-5.8%
Other assets
19,984
20,164
21,045
-0.9%
Total assets
20,035
20,218
21,169
-0.9%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.