Annual Income Statements for Douglas Emmett
This table shows Douglas Emmett's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Douglas Emmett
This table shows Douglas Emmett's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-144 |
356 |
-147 |
-124 |
-127 |
355 |
-160 |
-104 |
-102 |
389 |
Consolidated Net Income / (Loss) |
|
44 |
-22 |
35 |
-22 |
-34 |
-54 |
15 |
20 |
4.36 |
-32 |
Net Income / (Loss) Continuing Operations |
|
-146 |
119 |
-149 |
-132 |
-135 |
340 |
-163 |
-106 |
-107 |
383 |
Total Pre-Tax Income |
|
-146 |
118 |
-150 |
-133 |
-135 |
376 |
-163 |
-107 |
-107 |
382 |
Total Revenue |
|
0.00 |
405 |
0.00 |
0.00 |
0.00 |
831 |
0.00 |
0.00 |
0.00 |
785 |
Net Interest Income / (Expense) |
|
0.00 |
-115 |
0.00 |
0.00 |
0.00 |
-209 |
0.00 |
0.00 |
0.00 |
-229 |
Total Interest Expense |
|
0.00 |
115 |
0.00 |
0.00 |
0.00 |
209 |
0.00 |
0.00 |
0.00 |
229 |
Total Non-Interest Income |
|
0.00 |
520 |
0.00 |
0.00 |
0.00 |
1,040 |
0.00 |
0.00 |
0.00 |
1,014 |
Total Non-Interest Expense |
|
146 |
286 |
150 |
133 |
135 |
454 |
163 |
107 |
107 |
403 |
Other Operating Expenses |
|
50 |
193 |
56 |
11 |
13 |
331 |
67 |
11 |
10 |
307 |
Depreciation Expense |
|
96 |
93 |
93 |
122 |
122 |
123 |
96 |
95 |
97 |
96 |
Other Gains / (Losses), net |
|
0.36 |
- |
0.29 |
0.60 |
0.29 |
-36 |
-0.03 |
1.15 |
0.66 |
0.81 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-1.74 |
0.93 |
-2.21 |
-7.81 |
-7.66 |
-15 |
-2.78 |
-1.65 |
-4.88 |
-6.63 |
Basic Earnings per Share |
|
$0.13 |
$0.14 |
$0.10 |
($0.04) |
($0.08) |
($0.24) |
$0.05 |
$0.06 |
$0.03 |
($0.01) |
Weighted Average Basic Shares Outstanding |
|
175.79M |
175.81M |
169.81M |
166.74M |
166.74M |
167.35M |
167.38M |
167.41M |
167.44M |
167.45M |
Diluted Earnings per Share |
|
$0.13 |
$0.14 |
$0.10 |
($0.04) |
($0.08) |
($0.24) |
$0.05 |
$0.06 |
$0.03 |
($0.01) |
Weighted Average Diluted Shares Outstanding |
|
175.79M |
175.81M |
169.81M |
166.74M |
166.74M |
167.35M |
167.38M |
167.41M |
167.44M |
167.45M |
Weighted Average Basic & Diluted Shares Outstanding |
|
175.79M |
175.81M |
169.81M |
166.74M |
166.74M |
167.35M |
167.38M |
167.41M |
167.44M |
167.45M |
Annual Cash Flow Statements for Douglas Emmett
This table details how cash moves in and out of Douglas Emmett's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
83 |
11 |
64 |
-30 |
7.46 |
19 |
163 |
-67 |
254 |
-79 |
Net Cash From Operating Activities |
|
271 |
339 |
403 |
433 |
470 |
420 |
447 |
497 |
427 |
409 |
Net Cash From Continuing Operating Activities |
|
271 |
339 |
403 |
433 |
470 |
420 |
447 |
497 |
427 |
409 |
Net Income / (Loss) Continuing Operations |
|
69 |
96 |
104 |
129 |
419 |
39 |
56 |
97 |
-76 |
7.59 |
Consolidated Net Income / (Loss) |
|
69 |
96 |
104 |
129 |
419 |
39 |
56 |
97 |
-76 |
7.59 |
Depreciation Expense |
|
205 |
249 |
277 |
310 |
358 |
385 |
371 |
373 |
460 |
384 |
Amortization Expense |
|
-12 |
-9.27 |
-7.17 |
-14 |
-2.21 |
-10 |
0.90 |
-3.77 |
-2.56 |
0.98 |
Non-Cash Adjustments to Reconcile Net Income |
|
3.66 |
-16 |
5.67 |
3.49 |
-300 |
21 |
22 |
21 |
54 |
17 |
Changes in Operating Assets and Liabilities, net |
|
5.63 |
19 |
23 |
4.96 |
-4.83 |
-14 |
-3.31 |
10 |
-8.38 |
-1.34 |
Net Cash From Investing Activities |
|
-232 |
-1,366 |
-670 |
-250 |
-650 |
-265 |
-289 |
-561 |
-234 |
-241 |
Net Cash From Continuing Investing Activities |
|
-233 |
-1,367 |
-670 |
-250 |
-650 |
-265 |
-289 |
-561 |
-234 |
-241 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-76 |
-92 |
-108 |
-179 |
-176 |
-143 |
-108 |
-162 |
-189 |
-167 |
Purchase of Investment Securities |
|
-90 |
-1,620 |
-542 |
-9.38 |
-457 |
-6.59 |
0.00 |
-406 |
-47 |
-77 |
Sale and/or Maturity of Investments |
|
15 |
373 |
44 |
7.35 |
5.85 |
39 |
4.38 |
7.64 |
2.26 |
3.84 |
Net Cash From Financing Activities |
|
43 |
1,038 |
331 |
-214 |
188 |
-136 |
5.25 |
-3.00 |
61 |
-246 |
Net Cash From Continuing Financing Activities |
|
43 |
1,038 |
331 |
-214 |
188 |
-136 |
5.25 |
-3.00 |
61 |
-246 |
Issuance of Debt |
|
1,614 |
2,110 |
1,411 |
667 |
2,185 |
674 |
1,345 |
245 |
505 |
325 |
Repayment of Debt |
|
-1,416 |
-1,336 |
-1,699 |
-655 |
-2,096 |
-550 |
-1,076 |
-71 |
-156 |
-435 |
Repurchase of Common Equity |
|
- |
- |
- |
- |
- |
- |
0.00 |
0.00 |
-109 |
0.00 |
Payment of Dividends |
|
-146 |
-166 |
-184 |
-222 |
-244 |
-257 |
-251 |
-256 |
-170 |
-159 |
Other Financing Activities, Net |
|
-9.96 |
381 |
210 |
-3.55 |
141 |
-3.85 |
-13 |
79 |
-8.55 |
22 |
Cash Interest Paid |
|
128 |
138 |
136 |
124 |
128 |
137 |
146 |
141 |
197 |
220 |
Quarterly Cash Flow Statements for Douglas Emmett
This table details how cash moves in and out of Douglas Emmett's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
9.97 |
-12 |
33 |
-39 |
263 |
-3.15 |
34 |
4.39 |
-17 |
-100 |
Net Cash From Operating Activities |
|
126 |
115 |
145 |
96 |
90 |
95 |
139 |
92 |
104 |
74 |
Net Cash From Continuing Operating Activities |
|
126 |
115 |
145 |
96 |
90 |
95 |
139 |
92 |
104 |
74 |
Net Income / (Loss) Continuing Operations |
|
21 |
25 |
16 |
-15 |
-21 |
-56 |
6.13 |
9.23 |
-0.26 |
-7.51 |
Consolidated Net Income / (Loss) |
|
21 |
25 |
16 |
-15 |
-21 |
-56 |
6.13 |
9.23 |
-0.26 |
-7.51 |
Depreciation Expense |
|
96 |
93 |
93 |
122 |
122 |
123 |
96 |
95 |
97 |
96 |
Amortization Expense |
|
-1.53 |
-1.29 |
-1.02 |
-0.55 |
-0.32 |
-0.69 |
-0.25 |
0.11 |
0.41 |
0.71 |
Non-Cash Adjustments to Reconcile Net Income |
|
2.19 |
15 |
2.92 |
1.23 |
-0.44 |
50 |
3.34 |
0.46 |
1.34 |
12 |
Changes in Operating Assets and Liabilities, net |
|
8.03 |
-17 |
34 |
-11 |
-9.75 |
-22 |
34 |
-13 |
5.04 |
-27 |
Net Cash From Investing Activities |
|
-52 |
-64 |
-51 |
-69 |
-60 |
-53 |
-62 |
-48 |
-46 |
-84 |
Net Cash From Continuing Investing Activities |
|
-52 |
-64 |
-51 |
-69 |
-60 |
-53 |
-62 |
-48 |
-46 |
-84 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-41 |
-51 |
-40 |
-51 |
-54 |
-44 |
-48 |
-40 |
-40 |
-39 |
Purchase of Investment Securities |
|
- |
-76 |
0.00 |
- |
- |
-47 |
-5.21 |
- |
- |
-72 |
Sale and/or Maturity of Investments |
|
3.60 |
1.91 |
0.58 |
0.63 |
0.56 |
0.50 |
0.57 |
1.92 |
0.97 |
0.39 |
Net Cash From Financing Activities |
|
-64 |
-63 |
-61 |
-67 |
233 |
-45 |
-43 |
-40 |
-74 |
-90 |
Net Cash From Continuing Financing Activities |
|
-64 |
-63 |
-61 |
-67 |
233 |
-45 |
-43 |
-40 |
-74 |
-90 |
Issuance of Debt |
|
10 |
15 |
10 |
105 |
390 |
- |
0.00 |
- |
- |
325 |
Repayment of Debt |
|
-10 |
-15 |
-10 |
-35 |
-110 |
-0.22 |
-0.22 |
-0.22 |
-34 |
-400 |
Payment of Dividends |
|
-64 |
-63 |
-44 |
-43 |
-42 |
-42 |
-42 |
-39 |
-39 |
-39 |
Other Financing Activities, Net |
|
0.05 |
-0.41 |
-0.66 |
-0.30 |
-4.96 |
-2.63 |
-0.53 |
-0.02 |
-1.50 |
24 |
Cash Interest Paid |
|
36 |
38 |
41 |
49 |
52 |
55 |
53 |
54 |
60 |
53 |
Annual Balance Sheets for Douglas Emmett
This table presents Douglas Emmett's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
6,066 |
7,614 |
8,293 |
8,262 |
9,349 |
9,251 |
9,354 |
9,747 |
9,644 |
9,404 |
Cash and Due from Banks |
|
102 |
113 |
177 |
146 |
154 |
172 |
336 |
269 |
523 |
445 |
Trading Account Securities |
|
169 |
180 |
168 |
184 |
65 |
47 |
62 |
318 |
187 |
101 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
4,881 |
6,512 |
7,060 |
6,943 |
-2,518 |
8,862 |
8,790 |
8,994 |
8,753 |
8,579 |
Intangible Assets |
|
701 |
701 |
760 |
844 |
6.41 |
5.14 |
4.17 |
3.54 |
2.97 |
2.49 |
Other Assets |
|
212 |
107 |
127 |
144 |
11,643 |
163 |
161 |
163 |
178 |
277 |
Total Liabilities & Shareholders' Equity |
|
6,066 |
7,614 |
8,293 |
8,262 |
9,349 |
9,251 |
9,354 |
9,747 |
9,644 |
9,404 |
Total Liabilities |
|
3,785 |
4,600 |
4,391 |
4,413 |
4,978 |
5,255 |
5,367 |
5,472 |
5,799 |
5,745 |
Non-Interest Bearing Deposits |
|
39 |
46 |
50 |
51 |
61 |
56 |
55 |
61 |
62 |
62 |
Other Short-Term Payables |
|
90 |
110 |
146 |
174 |
181 |
- |
- |
- |
163 |
163 |
Long-Term Debt |
|
3,611 |
4,370 |
4,117 |
4,134 |
4,619 |
4,745 |
5,012 |
5,192 |
5,543 |
5,498 |
Other Long-Term Liabilities |
|
29 |
67 |
76 |
53 |
63 |
454 |
300 |
218 |
31 |
22 |
Total Equity & Noncontrolling Interests |
|
2,282 |
3,014 |
3,902 |
3,848 |
4,371 |
3,996 |
3,987 |
4,276 |
3,845 |
3,658 |
Total Preferred & Common Equity |
|
1,926 |
1,921 |
2,438 |
2,402 |
2,712 |
2,437 |
2,416 |
2,562 |
2,220 |
2,059 |
Total Common Equity |
|
1,926 |
1,921 |
2,438 |
2,402 |
2,712 |
2,437 |
2,416 |
2,562 |
2,220 |
2,059 |
Common Stock |
|
2,708 |
2,727 |
3,274 |
3,284 |
3,488 |
3,490 |
3,491 |
3,495 |
3,395 |
3,398 |
Retained Earnings |
|
-773 |
-821 |
-880 |
-936 |
-759 |
-905 |
-1,036 |
-1,120 |
-1,291 |
-1,394 |
Accumulated Other Comprehensive Income / (Loss) |
|
-9.29 |
15 |
43 |
54 |
-17 |
-148 |
-39 |
187 |
116 |
55 |
Noncontrolling Interest |
|
355 |
1,093 |
1,465 |
1,446 |
1,659 |
1,559 |
1,570 |
1,713 |
1,626 |
1,600 |
Quarterly Balance Sheets for Douglas Emmett
This table presents Douglas Emmett's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
9,806 |
9,678 |
9,615 |
9,846 |
9,637 |
9,564 |
9,452 |
Cash and Due from Banks |
|
281 |
302 |
263 |
526 |
557 |
561 |
544 |
Trading Account Securities |
|
336 |
266 |
302 |
296 |
196 |
169 |
100 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
9,014 |
8,950 |
8,893 |
8,827 |
8,711 |
8,666 |
8,619 |
Intangible Assets |
|
3.67 |
3.39 |
3.24 |
3.10 |
2.85 |
2.73 |
2.61 |
Other Assets |
|
171 |
157 |
154 |
193 |
171 |
164 |
186 |
Total Liabilities & Shareholders' Equity |
|
9,806 |
9,678 |
9,615 |
9,846 |
9,637 |
9,564 |
9,452 |
Total Liabilities |
|
5,508 |
5,494 |
5,541 |
5,839 |
5,820 |
5,801 |
5,794 |
Non-Interest Bearing Deposits |
|
61 |
62 |
62 |
62 |
62 |
63 |
63 |
Other Short-Term Payables |
|
- |
- |
- |
- |
- |
- |
194 |
Long-Term Debt |
|
5,191 |
5,193 |
5,265 |
5,542 |
5,545 |
5,546 |
5,513 |
Other Long-Term Liabilities |
|
256 |
239 |
214 |
234 |
213 |
192 |
24 |
Total Equity & Noncontrolling Interests |
|
4,298 |
4,184 |
4,074 |
4,007 |
3,817 |
3,763 |
3,658 |
Total Preferred & Common Equity |
|
2,584 |
2,495 |
2,387 |
2,337 |
2,203 |
2,164 |
2,090 |
Total Common Equity |
|
2,584 |
2,495 |
2,387 |
2,337 |
2,203 |
2,164 |
2,090 |
Common Stock |
|
3,495 |
3,479 |
3,386 |
3,386 |
3,397 |
3,398 |
3,398 |
Retained Earnings |
|
-1,111 |
-1,134 |
-1,173 |
-1,218 |
-1,314 |
-1,335 |
-1,362 |
Accumulated Other Comprehensive Income / (Loss) |
|
200 |
151 |
175 |
170 |
119 |
101 |
54 |
Noncontrolling Interest |
|
1,714 |
1,689 |
1,687 |
1,670 |
1,614 |
1,599 |
1,568 |
Annual Metrics And Ratios for Douglas Emmett
This table displays calculated financial ratios and metrics derived from Douglas Emmett's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
6.22% |
20.95% |
11.80% |
12.23% |
6.02% |
-117.75% |
100.00% |
0.00% |
-2.05% |
-5.49% |
EBITDA Growth |
|
7.94% |
30.65% |
16.12% |
13.52% |
9.56% |
-206.78% |
62.03% |
345.87% |
-10.29% |
-6.42% |
EBIT Growth |
|
40.23% |
54.28% |
26.53% |
23.11% |
-14.55% |
-886.23% |
35.71% |
117.11% |
-141.83% |
113.43% |
NOPAT Growth |
|
40.23% |
81.32% |
7.66% |
23.11% |
-14.55% |
-650.36% |
35.71% |
124.44% |
-129.28% |
119.18% |
Net Income Growth |
|
30.08% |
39.76% |
8.68% |
23.16% |
225.55% |
-90.79% |
214.89% |
-20.48% |
-178.56% |
110.01% |
EPS Growth |
|
30.00% |
41.03% |
5.45% |
17.24% |
207.35% |
-86.60% |
32.14% |
48.65% |
-147.27% |
150.00% |
Operating Cash Flow Growth |
|
10.02% |
25.06% |
18.63% |
7.52% |
8.45% |
-10.51% |
6.36% |
11.17% |
-14.07% |
-4.28% |
Free Cash Flow Firm Growth |
|
31.96% |
-1,541.21% |
62.10% |
131.70% |
-671.30% |
67.61% |
-111.52% |
42.66% |
113.67% |
366.15% |
Invested Capital Growth |
|
2.40% |
25.07% |
8.52% |
-0.45% |
13.28% |
-3.36% |
2.95% |
5.21% |
-0.84% |
-2.47% |
Revenue Q/Q Growth |
|
2.42% |
7.19% |
48.44% |
-20.19% |
0.00% |
0.00% |
100.00% |
760.09% |
287.41% |
0.00% |
EBITDA Q/Q Growth |
|
5.37% |
10.12% |
140.46% |
-32.18% |
39.74% |
-227.31% |
61.26% |
284.49% |
177.87% |
246.00% |
EBIT Q/Q Growth |
|
19.41% |
21.24% |
196.54% |
-62.79% |
0.00% |
0.00% |
34.76% |
115.45% |
95.83% |
100.79% |
NOPAT Q/Q Growth |
|
19.41% |
42.48% |
237.91% |
-62.79% |
0.00% |
0.00% |
34.76% |
122.10% |
95.83% |
101.14% |
Net Income Q/Q Growth |
|
5.86% |
6.49% |
10.03% |
-6.17% |
0.00% |
0.00% |
126.97% |
-52.38% |
-243.46% |
113.35% |
EPS Q/Q Growth |
|
5.41% |
5.77% |
11.54% |
-5.56% |
0.00% |
0.00% |
5.71% |
3.77% |
-316.67% |
230.00% |
Operating Cash Flow Q/Q Growth |
|
5.34% |
2.42% |
5.29% |
1.67% |
2.06% |
-10.08% |
10.89% |
1.61% |
-4.57% |
-4.81% |
Free Cash Flow Firm Q/Q Growth |
|
57.62% |
10.91% |
-1.30% |
17.61% |
-391.18% |
56.77% |
-5.16% |
60.97% |
106.94% |
346.76% |
Invested Capital Q/Q Growth |
|
2.32% |
-0.09% |
2.33% |
-0.77% |
9.78% |
-2.34% |
0.35% |
-0.22% |
-1.68% |
-0.16% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
49.42% |
53.39% |
55.45% |
56.09% |
57.96% |
0.00% |
0.00% |
54.84% |
50.23% |
49.73% |
EBIT Margin |
|
10.81% |
13.79% |
15.60% |
17.11% |
13.79% |
0.00% |
0.00% |
11.32% |
-4.84% |
0.69% |
Profit (Net Income) Margin |
|
13.74% |
15.88% |
15.43% |
16.94% |
52.01% |
0.00% |
0.00% |
11.38% |
-9.13% |
0.97% |
Tax Burden Percent |
|
100.00% |
117.52% |
100.00% |
100.00% |
378.02% |
-4.49% |
-21.63% |
101.28% |
184.09% |
151.91% |
Interest Burden Percent |
|
127.15% |
98.00% |
98.93% |
98.97% |
99.74% |
98.42% |
100.00% |
99.26% |
102.57% |
92.62% |
Effective Tax Rate |
|
0.00% |
-17.52% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.93% |
1.47% |
1.37% |
1.62% |
1.30% |
0.00% |
0.00% |
1.04% |
-0.30% |
0.06% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
1.34% |
1.43% |
1.34% |
1.59% |
8.29% |
0.00% |
0.00% |
1.05% |
-1.19% |
0.10% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.07% |
2.15% |
1.65% |
1.69% |
8.88% |
0.00% |
0.00% |
1.30% |
-1.57% |
0.14% |
Return on Equity (ROE) |
|
2.99% |
3.63% |
3.02% |
3.32% |
10.19% |
0.92% |
3.04% |
2.34% |
-1.87% |
0.20% |
Cash Return on Invested Capital (CROIC) |
|
-1.44% |
-20.80% |
-6.80% |
2.08% |
-11.15% |
-3.46% |
-7.33% |
-4.04% |
0.54% |
2.56% |
Operating Return on Assets (OROA) |
|
0.90% |
1.22% |
1.33% |
1.57% |
1.26% |
0.00% |
0.00% |
1.01% |
-0.41% |
0.06% |
Return on Assets (ROA) |
|
1.15% |
1.40% |
1.31% |
1.55% |
4.76% |
0.00% |
0.00% |
1.01% |
-0.78% |
0.08% |
Return on Common Equity (ROCE) |
|
2.52% |
2.64% |
1.90% |
2.07% |
6.34% |
0.57% |
1.85% |
1.41% |
-1.10% |
0.12% |
Return on Equity Simple (ROE_SIMPLE) |
|
3.57% |
5.00% |
4.28% |
5.35% |
15.44% |
1.58% |
5.02% |
3.77% |
-3.42% |
0.37% |
Net Operating Profit after Tax (NOPAT) |
|
54 |
98 |
106 |
130 |
111 |
-611 |
-393 |
96 |
-28 |
5.39 |
NOPAT Margin |
|
10.81% |
16.20% |
15.60% |
17.11% |
13.79% |
0.00% |
0.00% |
11.32% |
-3.38% |
0.69% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.41% |
0.05% |
0.03% |
0.03% |
-6.98% |
-13.80% |
-10.54% |
-0.01% |
0.89% |
-0.04% |
SG&A Expenses to Revenue |
|
37.29% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
89.19% |
86.21% |
84.40% |
82.89% |
86.21% |
0.00% |
0.00% |
88.68% |
104.84% |
99.31% |
Earnings before Interest and Taxes (EBIT) |
|
54 |
83 |
106 |
130 |
111 |
-873 |
-561 |
96 |
-40 |
5.39 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
247 |
323 |
375 |
426 |
467 |
-498 |
-189 |
465 |
417 |
390 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.74 |
2.16 |
2.20 |
1.91 |
2.30 |
1.77 |
2.12 |
0.96 |
1.04 |
1.51 |
Price to Tangible Book Value (P/TBV) |
|
2.73 |
3.41 |
3.19 |
2.94 |
2.31 |
1.77 |
2.13 |
0.97 |
1.04 |
1.51 |
Price to Revenue (P/Rev) |
|
6.69 |
6.87 |
7.91 |
6.04 |
7.75 |
0.00 |
0.00 |
2.91 |
2.77 |
3.96 |
Price to Earnings (P/E) |
|
57.30 |
48.69 |
56.66 |
39.49 |
17.16 |
85.61 |
0.00 |
25.43 |
0.00 |
132.14 |
Dividend Yield |
|
3.73% |
3.24% |
2.98% |
3.74% |
2.98% |
4.55% |
3.83% |
7.33% |
5.51% |
4.09% |
Earnings Yield |
|
1.75% |
2.05% |
1.76% |
2.53% |
5.83% |
1.17% |
0.00% |
3.93% |
0.00% |
0.76% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.22 |
1.29 |
1.34 |
1.26 |
1.37 |
1.20 |
1.26 |
0.96 |
0.95 |
1.07 |
Enterprise Value to Revenue (EV/Rev) |
|
14.44 |
15.72 |
15.90 |
13.20 |
15.43 |
0.00 |
0.00 |
10.74 |
10.77 |
12.43 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
29.22 |
29.45 |
28.68 |
23.53 |
26.62 |
0.00 |
0.00 |
19.58 |
21.44 |
25.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
133.64 |
114.04 |
101.91 |
77.10 |
111.85 |
0.00 |
0.00 |
94.83 |
0.00 |
1,809.86 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
133.64 |
97.04 |
101.91 |
77.10 |
111.85 |
0.00 |
0.00 |
94.83 |
0.00 |
1,809.86 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
26.62 |
28.03 |
26.71 |
23.14 |
26.45 |
24.86 |
25.45 |
18.33 |
20.95 |
23.88 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
60.28 |
0.00 |
0.00 |
0.00 |
0.00 |
175.42 |
41.06 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.59 |
1.45 |
1.06 |
1.07 |
1.07 |
1.19 |
1.26 |
1.21 |
1.44 |
1.50 |
Long-Term Debt to Equity |
|
1.58 |
1.45 |
1.06 |
1.07 |
1.06 |
1.19 |
1.26 |
1.21 |
1.44 |
1.50 |
Financial Leverage |
|
1.54 |
1.51 |
1.23 |
1.06 |
1.07 |
1.13 |
1.22 |
1.24 |
1.32 |
1.47 |
Leverage Ratio |
|
2.61 |
2.58 |
2.30 |
2.14 |
2.14 |
2.22 |
2.33 |
2.31 |
2.39 |
2.54 |
Compound Leverage Factor |
|
3.32 |
2.53 |
2.28 |
2.11 |
2.14 |
2.19 |
2.33 |
2.29 |
2.45 |
2.35 |
Debt to Total Capital |
|
61.39% |
59.22% |
51.35% |
51.80% |
51.67% |
54.28% |
55.70% |
54.84% |
59.04% |
60.05% |
Short-Term Debt to Total Capital |
|
0.28% |
0.09% |
0.01% |
0.02% |
0.60% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
61.11% |
59.12% |
51.34% |
51.78% |
51.07% |
54.28% |
55.70% |
54.84% |
59.04% |
60.05% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
6.01% |
14.79% |
18.26% |
18.11% |
18.34% |
17.83% |
17.45% |
18.10% |
17.31% |
17.47% |
Common Equity to Total Capital |
|
32.60% |
26.00% |
30.39% |
30.09% |
29.99% |
27.88% |
26.85% |
27.06% |
23.64% |
22.48% |
Debt to EBITDA |
|
14.67 |
13.55 |
10.98 |
9.71 |
10.02 |
-9.52 |
-26.50 |
11.16 |
13.29 |
14.08 |
Net Debt to EBITDA |
|
14.26 |
13.20 |
10.51 |
9.37 |
9.69 |
-9.18 |
-24.72 |
10.59 |
12.03 |
12.94 |
Long-Term Debt to EBITDA |
|
14.60 |
13.53 |
10.98 |
9.71 |
9.90 |
-9.52 |
-26.50 |
11.16 |
13.29 |
14.08 |
Debt to NOPAT |
|
67.09 |
44.64 |
39.01 |
31.82 |
42.09 |
-7.76 |
-12.76 |
54.07 |
-197.16 |
1,019.47 |
Net Debt to NOPAT |
|
65.20 |
43.48 |
37.34 |
30.70 |
40.70 |
-7.48 |
-11.90 |
51.27 |
-178.55 |
937.03 |
Long-Term Debt to NOPAT |
|
66.78 |
44.57 |
39.01 |
31.81 |
41.59 |
-7.76 |
-12.76 |
54.07 |
-197.16 |
1,019.47 |
Noncontrolling Interest Sharing Ratio |
|
15.79% |
27.35% |
36.98% |
37.55% |
37.78% |
38.46% |
39.20% |
39.74% |
41.11% |
42.98% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-84 |
-1,383 |
-524 |
166 |
-950 |
-308 |
-651 |
-373 |
51 |
238 |
Operating Cash Flow to CapEx |
|
359.31% |
369.67% |
371.75% |
241.81% |
266.13% |
292.95% |
411.94% |
306.03% |
225.72% |
244.23% |
Free Cash Flow to Firm to Interest Expense |
|
-0.62 |
-9.46 |
-3.61 |
1.25 |
-6.63 |
-2.15 |
0.00 |
-2.48 |
0.24 |
1.04 |
Operating Cash Flow to Interest Expense |
|
2.00 |
2.32 |
2.77 |
3.25 |
3.28 |
2.94 |
0.00 |
3.31 |
2.04 |
1.78 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.45 |
1.69 |
2.03 |
1.90 |
2.05 |
1.94 |
0.00 |
2.23 |
1.14 |
1.05 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.08 |
0.09 |
0.09 |
0.09 |
0.09 |
0.00 |
0.00 |
0.09 |
0.09 |
0.08 |
Fixed Asset Turnover |
|
0.10 |
0.11 |
0.10 |
0.11 |
0.00 |
0.00 |
0.00 |
0.10 |
0.09 |
0.09 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
5,909 |
7,390 |
8,020 |
7,984 |
9,045 |
8,741 |
8,999 |
9,468 |
9,389 |
9,156 |
Invested Capital Turnover |
|
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.00 |
0.00 |
0.09 |
0.09 |
0.08 |
Increase / (Decrease) in Invested Capital |
|
138 |
1,481 |
630 |
-36 |
1,061 |
-304 |
258 |
469 |
-79 |
-232 |
Enterprise Value (EV) |
|
7,227 |
9,514 |
10,757 |
10,020 |
12,421 |
10,448 |
11,376 |
9,107 |
8,945 |
9,761 |
Market Capitalization |
|
3,345 |
4,158 |
5,351 |
4,584 |
6,242 |
4,316 |
5,129 |
2,471 |
2,299 |
3,108 |
Book Value per Share |
|
$13.12 |
$12.68 |
$14.38 |
$14.14 |
$15.47 |
$13.90 |
$13.77 |
$14.58 |
$13.31 |
$12.30 |
Tangible Book Value per Share |
|
$8.35 |
$8.05 |
$9.89 |
$9.17 |
$15.43 |
$13.87 |
$13.74 |
$14.56 |
$13.30 |
$12.28 |
Total Capital |
|
5,909 |
7,390 |
8,020 |
7,984 |
9,045 |
8,741 |
8,999 |
9,468 |
9,389 |
9,156 |
Total Debt |
|
3,628 |
4,376 |
4,118 |
4,136 |
4,674 |
4,745 |
5,012 |
5,192 |
5,543 |
5,498 |
Total Long-Term Debt |
|
3,611 |
4,370 |
4,117 |
4,134 |
4,619 |
4,745 |
5,012 |
5,192 |
5,543 |
5,498 |
Net Debt |
|
3,526 |
4,263 |
3,942 |
3,989 |
4,520 |
4,573 |
4,676 |
4,923 |
5,020 |
5,053 |
Capital Expenditures (CapEx) |
|
76 |
92 |
108 |
179 |
176 |
143 |
108 |
162 |
189 |
167 |
Net Nonoperating Expense (NNE) |
|
-15 |
1.96 |
1.13 |
1.34 |
-308 |
-650 |
-514 |
-0.51 |
48 |
-2.20 |
Net Nonoperating Obligations (NNO) |
|
3,628 |
4,376 |
4,118 |
4,136 |
4,674 |
4,745 |
5,012 |
5,192 |
5,543 |
5,498 |
Total Depreciation and Amortization (D&A) |
|
193 |
240 |
270 |
296 |
356 |
375 |
372 |
369 |
457 |
385 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.40 |
$0.57 |
$0.58 |
$0.68 |
$2.09 |
$0.28 |
$0.37 |
$0.55 |
($0.26) |
$0.13 |
Adjusted Weighted Average Basic Shares Outstanding |
|
147.34M |
153.09M |
169.57M |
170.22M |
175.37M |
175.46M |
175.72M |
175.81M |
167.35M |
167.45M |
Adjusted Diluted Earnings per Share |
|
$0.39 |
$0.55 |
$0.58 |
$0.68 |
$2.09 |
$0.28 |
$0.37 |
$0.55 |
($0.26) |
$0.13 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
147.34M |
153.09M |
169.57M |
170.22M |
175.37M |
175.46M |
175.72M |
175.81M |
167.35M |
167.45M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.09 |
$0.28 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
147.34M |
153.09M |
169.57M |
170.22M |
175.37M |
175.46M |
175.72M |
175.81M |
167.35M |
167.45M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
38 |
58 |
74 |
91 |
78 |
-611 |
-393 |
67 |
-28 |
3.78 |
Normalized NOPAT Margin |
|
7.57% |
9.65% |
10.92% |
11.98% |
9.66% |
0.00% |
0.00% |
7.93% |
-3.38% |
0.48% |
Pre Tax Income Margin |
|
13.74% |
13.51% |
15.43% |
16.94% |
13.76% |
0.00% |
0.00% |
11.24% |
-4.96% |
0.64% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.40 |
0.57 |
0.73 |
0.97 |
0.77 |
-6.11 |
0.00 |
0.64 |
-0.19 |
0.02 |
NOPAT to Interest Expense |
|
0.40 |
0.67 |
0.73 |
0.97 |
0.77 |
-4.28 |
0.00 |
0.64 |
-0.13 |
0.02 |
EBIT Less CapEx to Interest Expense |
|
-0.16 |
-0.06 |
-0.02 |
-0.37 |
-0.46 |
-7.12 |
0.00 |
-0.44 |
-1.09 |
-0.71 |
NOPAT Less CapEx to Interest Expense |
|
-0.16 |
0.04 |
-0.02 |
-0.37 |
-0.46 |
-5.28 |
0.00 |
-0.44 |
-1.04 |
-0.71 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
212.02% |
173.07% |
176.32% |
172.59% |
58.32% |
665.90% |
207.13% |
264.94% |
-224.79% |
2,092.45% |
Augmented Payout Ratio |
|
212.02% |
173.07% |
176.32% |
172.59% |
58.32% |
665.90% |
207.13% |
264.94% |
-368.83% |
2,092.45% |
Quarterly Metrics And Ratios for Douglas Emmett
This table displays calculated financial ratios and metrics derived from Douglas Emmett's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-100.00% |
170.81% |
-100.00% |
0.00% |
0.00% |
105.19% |
0.00% |
0.00% |
0.00% |
-5.49% |
EBITDA Growth |
|
-146.38% |
141.60% |
-116.21% |
76.57% |
74.33% |
136.99% |
-16.85% |
0.85% |
26.18% |
-4.14% |
EBIT Growth |
|
-1,033.55% |
119.84% |
-156.45% |
6.60% |
7.60% |
217.27% |
-8.72% |
19.26% |
20.44% |
1.46% |
NOPAT Growth |
|
-753.49% |
128.19% |
-139.51% |
6.60% |
7.60% |
218.49% |
-8.72% |
19.26% |
20.44% |
1.64% |
Net Income Growth |
|
180.50% |
-126.28% |
31.52% |
-146.32% |
-177.86% |
-142.81% |
-56.45% |
190.05% |
112.67% |
40.51% |
EPS Growth |
|
30.00% |
16.67% |
-28.57% |
-128.57% |
-161.54% |
-271.43% |
-50.00% |
250.00% |
137.50% |
95.83% |
Operating Cash Flow Growth |
|
7.16% |
7.31% |
4.30% |
-17.04% |
-28.29% |
-17.76% |
-4.43% |
-4.56% |
14.61% |
-21.80% |
Free Cash Flow Firm Growth |
|
-87,471.97% |
48.08% |
-338.56% |
97.56% |
75.08% |
229.58% |
71.21% |
-226.46% |
295.42% |
35.03% |
Invested Capital Growth |
|
5.81% |
5.21% |
2.60% |
-0.84% |
0.64% |
-0.84% |
-0.16% |
-0.32% |
-3.97% |
-2.47% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
EBITDA Q/Q Growth |
|
-4.52% |
511.53% |
87.33% |
80.03% |
-14.51% |
3,899.32% |
45.47% |
83.05% |
14.74% |
5,033.55% |
EBIT Q/Q Growth |
|
-2.87% |
181.38% |
72.58% |
11.44% |
-1.77% |
379.44% |
33.77% |
34.24% |
-0.29% |
456.36% |
NOPAT Q/Q Growth |
|
-2.87% |
215.50% |
72.58% |
11.44% |
-1.77% |
498.10% |
33.77% |
34.24% |
-0.29% |
608.55% |
Net Income Q/Q Growth |
|
-8.39% |
-150.03% |
-53.98% |
-164.66% |
-53.99% |
-56.04% |
115.61% |
33.70% |
-78.33% |
-832.42% |
EPS Q/Q Growth |
|
-7.14% |
7.69% |
-28.57% |
-140.00% |
-100.00% |
-200.00% |
120.83% |
20.00% |
-50.00% |
-133.33% |
Operating Cash Flow Q/Q Growth |
|
8.76% |
-8.69% |
26.26% |
-33.84% |
-5.99% |
4.72% |
46.72% |
-33.92% |
12.89% |
-28.54% |
Free Cash Flow Firm Q/Q Growth |
|
-9.70% |
43.70% |
59.82% |
95.94% |
-1,020.06% |
392.80% |
-6.05% |
54.00% |
770.46% |
102.32% |
Invested Capital Q/Q Growth |
|
0.75% |
-0.22% |
-0.96% |
-0.40% |
2.25% |
-1.68% |
-0.29% |
-0.56% |
-1.49% |
-0.16% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
52.05% |
0.00% |
0.00% |
0.00% |
60.11% |
0.00% |
0.00% |
0.00% |
60.97% |
EBIT Margin |
|
0.00% |
29.34% |
0.00% |
0.00% |
0.00% |
45.36% |
0.00% |
0.00% |
0.00% |
48.70% |
Profit (Net Income) Margin |
|
0.00% |
-5.46% |
0.00% |
0.00% |
0.00% |
-6.46% |
0.00% |
0.00% |
0.00% |
-4.07% |
Tax Burden Percent |
|
-30.26% |
-18.73% |
-23.08% |
16.85% |
25.50% |
-14.28% |
-9.25% |
-18.80% |
-4.06% |
-8.36% |
Interest Burden Percent |
|
100.00% |
99.34% |
100.00% |
100.00% |
100.00% |
99.73% |
100.00% |
100.00% |
100.00% |
99.90% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.00% |
2.68% |
0.00% |
0.00% |
0.00% |
3.99% |
0.00% |
0.00% |
0.00% |
4.12% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
-0.07% |
0.00% |
0.00% |
0.00% |
-4.01% |
0.00% |
0.00% |
0.00% |
-3.38% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
-0.08% |
0.00% |
0.00% |
0.00% |
-5.31% |
0.00% |
0.00% |
0.00% |
-4.97% |
Return on Equity (ROE) |
|
4.91% |
2.59% |
4.86% |
3.17% |
1.27% |
-1.32% |
-3.45% |
-2.44% |
-1.48% |
-0.85% |
Cash Return on Invested Capital (CROIC) |
|
-10.36% |
-4.04% |
-10.00% |
-6.43% |
-7.72% |
0.54% |
-5.30% |
-4.98% |
-1.03% |
2.56% |
Operating Return on Assets (OROA) |
|
0.00% |
2.61% |
0.00% |
0.00% |
0.00% |
3.89% |
0.00% |
0.00% |
0.00% |
4.01% |
Return on Assets (ROA) |
|
0.00% |
-0.48% |
0.00% |
0.00% |
0.00% |
-0.55% |
0.00% |
0.00% |
0.00% |
-0.34% |
Return on Common Equity (ROCE) |
|
2.97% |
1.56% |
2.93% |
1.88% |
0.75% |
-0.78% |
-2.03% |
-1.42% |
-0.86% |
-0.49% |
Return on Equity Simple (ROE_SIMPLE) |
|
7.85% |
0.00% |
8.09% |
5.50% |
2.26% |
0.00% |
-6.27% |
-4.42% |
-2.72% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
-102 |
118 |
-105 |
-93 |
-94 |
376 |
-114 |
-75 |
-75 |
382 |
NOPAT Margin |
|
0.00% |
29.15% |
0.00% |
0.00% |
0.00% |
45.24% |
0.00% |
0.00% |
0.00% |
48.65% |
Net Nonoperating Expense Percent (NNEP) |
|
-2.87% |
2.75% |
-2.73% |
-1.35% |
-1.12% |
8.00% |
-2.40% |
-1.76% |
-1.44% |
7.50% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
0.00% |
70.66% |
0.00% |
0.00% |
0.00% |
54.64% |
0.00% |
0.00% |
0.00% |
51.30% |
Earnings before Interest and Taxes (EBIT) |
|
-146 |
119 |
-150 |
-133 |
-135 |
377 |
-163 |
-107 |
-107 |
382 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-51 |
211 |
-57 |
-11 |
-13 |
499 |
-67 |
-11 |
-9.70 |
479 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.10 |
0.96 |
0.81 |
0.84 |
0.86 |
1.04 |
1.04 |
1.03 |
1.41 |
1.51 |
Price to Tangible Book Value (P/TBV) |
|
1.10 |
0.97 |
0.81 |
0.85 |
0.86 |
1.04 |
1.04 |
1.03 |
1.41 |
1.51 |
Price to Revenue (P/Rev) |
|
0.00 |
2.91 |
0.00 |
0.00 |
0.00 |
2.77 |
0.00 |
0.00 |
0.00 |
3.96 |
Price to Earnings (P/E) |
|
0.00 |
25.43 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
132.14 |
Dividend Yield |
|
6.91% |
7.33% |
8.20% |
7.16% |
6.28% |
5.51% |
5.56% |
5.71% |
4.33% |
4.09% |
Earnings Yield |
|
0.00% |
3.93% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.76% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.00 |
0.96 |
0.92 |
0.93 |
0.91 |
0.95 |
0.95 |
0.95 |
1.03 |
1.07 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
10.74 |
0.00 |
0.00 |
0.00 |
10.77 |
0.00 |
0.00 |
0.00 |
12.43 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
19.58 |
0.00 |
0.00 |
0.00 |
21.44 |
0.00 |
0.00 |
0.00 |
25.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
94.83 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,809.86 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
94.83 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,809.86 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
19.37 |
18.33 |
17.09 |
18.02 |
19.45 |
20.95 |
21.12 |
21.18 |
22.08 |
23.88 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
175.42 |
0.00 |
0.00 |
0.00 |
41.06 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.21 |
1.21 |
1.24 |
1.29 |
1.38 |
1.44 |
1.45 |
1.47 |
1.51 |
1.50 |
Long-Term Debt to Equity |
|
1.21 |
1.21 |
1.24 |
1.29 |
1.38 |
1.44 |
1.45 |
1.47 |
1.51 |
1.50 |
Financial Leverage |
|
1.24 |
1.24 |
1.23 |
1.26 |
1.29 |
1.32 |
1.34 |
1.38 |
1.44 |
1.47 |
Leverage Ratio |
|
2.33 |
2.31 |
2.30 |
2.33 |
2.37 |
2.39 |
2.41 |
2.45 |
2.52 |
2.54 |
Compound Leverage Factor |
|
2.33 |
2.30 |
2.30 |
2.33 |
2.37 |
2.38 |
2.41 |
2.45 |
2.52 |
2.54 |
Debt to Total Capital |
|
54.71% |
54.84% |
55.38% |
56.37% |
58.03% |
59.04% |
59.23% |
59.58% |
60.12% |
60.05% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
54.71% |
54.84% |
55.38% |
56.37% |
58.03% |
59.04% |
59.23% |
59.58% |
60.12% |
60.05% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
18.06% |
18.10% |
18.01% |
18.06% |
17.49% |
17.31% |
17.24% |
17.18% |
17.09% |
17.47% |
Common Equity to Total Capital |
|
27.23% |
27.06% |
26.61% |
25.56% |
24.48% |
23.64% |
23.53% |
23.24% |
22.79% |
22.48% |
Debt to EBITDA |
|
-20.59 |
11.16 |
-8.49 |
-9.17 |
-10.34 |
13.29 |
-20.46 |
-20.48 |
-20.62 |
14.08 |
Net Debt to EBITDA |
|
-19.48 |
10.59 |
-8.00 |
-8.72 |
-9.36 |
12.03 |
-18.41 |
-18.41 |
-18.58 |
12.94 |
Long-Term Debt to EBITDA |
|
-20.59 |
11.16 |
-8.49 |
-9.17 |
-10.34 |
13.29 |
-20.46 |
-20.48 |
-20.62 |
14.08 |
Debt to NOPAT |
|
-11.95 |
54.07 |
-7.55 |
-7.72 |
-8.22 |
-197.16 |
-10.83 |
-11.22 |
-11.61 |
1,019.47 |
Net Debt to NOPAT |
|
-11.30 |
51.27 |
-7.11 |
-7.34 |
-7.44 |
-178.55 |
-9.74 |
-10.09 |
-10.46 |
937.03 |
Long-Term Debt to NOPAT |
|
-11.95 |
54.07 |
-7.55 |
-7.72 |
-8.22 |
-197.16 |
-10.83 |
-11.22 |
-11.61 |
1,019.47 |
Noncontrolling Interest Sharing Ratio |
|
39.56% |
39.74% |
39.67% |
40.72% |
40.75% |
41.11% |
41.28% |
41.93% |
42.24% |
42.98% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-624 |
-351 |
-342 |
-14 |
-155 |
455 |
-98 |
-45 |
304 |
614 |
Operating Cash Flow to CapEx |
|
308.63% |
226.50% |
363.40% |
187.72% |
169.01% |
213.82% |
288.87% |
231.68% |
256.27% |
189.56% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-3.05 |
0.00 |
0.00 |
0.00 |
2.17 |
0.00 |
0.00 |
0.00 |
2.68 |
Operating Cash Flow to Interest Expense |
|
0.00 |
1.00 |
0.00 |
0.00 |
0.00 |
0.45 |
0.00 |
0.00 |
0.00 |
0.32 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.56 |
0.00 |
0.00 |
0.00 |
0.24 |
0.00 |
0.00 |
0.00 |
0.15 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.09 |
0.00 |
0.00 |
0.00 |
0.09 |
0.00 |
0.00 |
0.00 |
0.08 |
Fixed Asset Turnover |
|
0.00 |
0.10 |
0.00 |
0.00 |
0.00 |
0.09 |
0.00 |
0.00 |
0.00 |
0.09 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
9,488 |
9,468 |
9,377 |
9,339 |
9,549 |
9,389 |
9,361 |
9,309 |
9,171 |
9,156 |
Invested Capital Turnover |
|
0.00 |
0.09 |
0.00 |
0.00 |
0.00 |
0.09 |
0.00 |
0.00 |
0.00 |
0.08 |
Increase / (Decrease) in Invested Capital |
|
521 |
469 |
237 |
-79 |
61 |
-79 |
-15 |
-30 |
-379 |
-232 |
Enterprise Value (EV) |
|
9,473 |
9,107 |
8,595 |
8,704 |
8,704 |
8,945 |
8,882 |
8,812 |
9,478 |
9,761 |
Market Capitalization |
|
2,850 |
2,471 |
2,016 |
2,016 |
2,018 |
2,299 |
2,280 |
2,228 |
2,941 |
3,108 |
Book Value per Share |
|
$14.70 |
$14.58 |
$14.19 |
$14.06 |
$14.02 |
$13.31 |
$13.16 |
$12.93 |
$12.48 |
$12.30 |
Tangible Book Value per Share |
|
$14.68 |
$14.56 |
$14.17 |
$14.04 |
$14.00 |
$13.30 |
$13.14 |
$12.91 |
$12.47 |
$12.28 |
Total Capital |
|
9,488 |
9,468 |
9,377 |
9,339 |
9,549 |
9,389 |
9,361 |
9,309 |
9,171 |
9,156 |
Total Debt |
|
5,191 |
5,192 |
5,193 |
5,265 |
5,542 |
5,543 |
5,545 |
5,546 |
5,513 |
5,498 |
Total Long-Term Debt |
|
5,191 |
5,192 |
5,193 |
5,265 |
5,542 |
5,543 |
5,545 |
5,546 |
5,513 |
5,498 |
Net Debt |
|
4,910 |
4,923 |
4,891 |
5,001 |
5,016 |
5,020 |
4,988 |
4,985 |
4,969 |
5,053 |
Capital Expenditures (CapEx) |
|
41 |
51 |
40 |
51 |
54 |
44 |
48 |
40 |
40 |
39 |
Net Nonoperating Expense (NNE) |
|
-146 |
140 |
-139 |
-70 |
-60 |
429 |
-129 |
-95 |
-79 |
414 |
Net Nonoperating Obligations (NNO) |
|
5,191 |
5,192 |
5,193 |
5,265 |
5,542 |
5,543 |
5,545 |
5,546 |
5,513 |
5,498 |
Total Depreciation and Amortization (D&A) |
|
95 |
92 |
92 |
121 |
122 |
122 |
96 |
96 |
98 |
96 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.13 |
$0.14 |
$0.10 |
($0.04) |
($0.08) |
($0.24) |
$0.05 |
$0.06 |
$0.03 |
($0.01) |
Adjusted Weighted Average Basic Shares Outstanding |
|
175.79M |
175.81M |
169.81M |
166.74M |
166.74M |
167.35M |
167.38M |
167.41M |
167.44M |
167.45M |
Adjusted Diluted Earnings per Share |
|
$0.13 |
$0.14 |
$0.10 |
($0.04) |
($0.08) |
($0.24) |
$0.05 |
$0.06 |
$0.03 |
($0.01) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
175.79M |
175.81M |
169.81M |
166.74M |
166.74M |
167.35M |
167.38M |
167.41M |
167.44M |
167.45M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
175.79M |
175.81M |
169.81M |
166.74M |
166.74M |
167.35M |
167.38M |
167.41M |
167.44M |
167.45M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-102 |
83 |
-105 |
-93 |
-94 |
263 |
-114 |
-75 |
-75 |
267 |
Normalized NOPAT Margin |
|
0.00% |
20.40% |
0.00% |
0.00% |
0.00% |
31.67% |
0.00% |
0.00% |
0.00% |
34.06% |
Pre Tax Income Margin |
|
0.00% |
29.15% |
0.00% |
0.00% |
0.00% |
45.24% |
0.00% |
0.00% |
0.00% |
48.65% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
1.03 |
0.00 |
0.00 |
0.00 |
1.80 |
0.00 |
0.00 |
0.00 |
1.67 |
NOPAT to Interest Expense |
|
0.00 |
1.02 |
0.00 |
0.00 |
0.00 |
1.79 |
0.00 |
0.00 |
0.00 |
1.66 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.59 |
0.00 |
0.00 |
0.00 |
1.59 |
0.00 |
0.00 |
0.00 |
1.50 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.58 |
0.00 |
0.00 |
0.00 |
1.58 |
0.00 |
0.00 |
0.00 |
1.49 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
126.20% |
264.94% |
116.25% |
162.46% |
362.18% |
-224.79% |
-122.55% |
-172.94% |
-285.03% |
2,092.45% |
Augmented Payout Ratio |
|
126.20% |
264.94% |
124.43% |
245.58% |
568.81% |
-368.83% |
-189.72% |
-172.94% |
-285.03% |
2,092.45% |
Key Financial Trends
Douglas Emmett (NYSE: DEI) - Financial Summary and Trends (2022 - 2024)
Douglas Emmett's financial data from Q3 2022 through Q4 2024 shows several important trends in revenue, expenses, net income, cash flows, and balance sheet positions.
- Total revenue showed a substantial increase from around $405 million in Q4 2022 to over $785 million by Q4 2024, indicating strong top-line growth.
- Depreciation expenses remained consistently high but stable, reflecting significant investment in property and equipment (~$90-$123 million per quarter), supporting asset base growth.
- Net cash from operating activities increased notably over the periods, especially hitting $139 million in Q1 2024 and remaining strong, showcasing good operating cash generation.
- Douglas Emmett consistently invested heavily in property and equipment (CAPEX), ranging $39-$54 million quarterly in 2024, supporting future growth potential.
- Total assets stayed substantial and relatively stable around $9.5 - $9.6 billion in recent quarters, indicating a large asset base with ongoing investments.
- Common equity and total equity showed some fluctuations but stayed around $2.1-$2.4 billion, providing moderate shareholder equity cushioning the balance sheet.
- The company's dividend payments per share held steady at $0.19 per quarter across recent years, offering income consistency to shareholders.
- Net income attributable to common shareholders was volatile with significant swings, including losses of over $147 million in some quarters (e.g., Q1 2023) and profits in others, indicating earnings inconsistency.
- Total interest expense has risen significantly from approximately $115 million in Q4 2022 to $229 million in Q4 2024, signaling higher debt servicing costs and possibly increased leverage risk.
- Net income after noncontrolling interest showed frequent negative figures, notably a consolidated net loss of $31.9 million in Q4 2024, raising concerns over overall profitability pressures.
Analysis:
Douglas Emmett has demonstrated strong revenue growth and solid cash flow from operations, supported by ongoing investments in property and equipment indicating expansion or maintenance of its real estate assets. The asset base remains large and stable, and the company maintains shareholder dividends consistently.
However, earnings have been quite uneven, with some quarters showing significant losses mainly attributable to common shareholders, reflecting operational or market challenges impacting profitability. The rising interest expenses suggest increased debt levels or higher borrowing costs, which could pressure net income going forward. Consolidated net income losses also suggest that noncontrolling interests or other factors are weighing on overall returns.
Investors should focus on whether continuing revenue growth and strong cash flows can support debt service and return to consistent profitability. Monitoring future interest expense trends and net income stability will be key to assessing financial health.
08/30/25 09:43 PM ETAI Generated. May Contain Errors.