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American Healthcare REIT (AHR) FY2021 results: revenue $1.1 billion, up 5.1% on the year

American Healthcare REIT, Inc. (AHR) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 5.1% on the year before. Net income was -$48 million, and diluted earnings per share $-0.96. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2022.

Revenue
$1.1 billion
+5.1% on the year
FY2016FY2021
Operating margin
19.0%
20.4% a year earlier
FY2016FY2021
Net income
-$48 million
FY2016FY2021
Diluted EPS
-$0.96
FY2016FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q4 FY2021

Income statement (profit and loss)

$ millionFY2021FY2020FY2019On the yearLast 8 years
Revenue1,1241,0691,099+5.1%
Cost of revenue1,03099419.2+3.7%
Gross profit93.775.3n/a+24.4%
Gross margin8.3%7.0%n/a
Operating income213218221-2.3%
Operating margin19.0%20.4%20.1%
Interest expense80.971.378.6+13.6%
Pre-tax income-52.35.80.7
Income tax1.0-3.11.5
Effective tax raten/a-53.2%226.8%
Net income-47.82.2-5.0
Net margin-4.3%0.2%-0.5%
Diluted EPS-$0.96$0.05-$0.12
$ 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

$ millionFY2021FY2020FY2019On the yearLast 8 years
Operating cash flow17.9219117-91.8%
Capital expendituren/a8.36.5
Free cash flown/a211111
Free cash flow marginn/a19.7%10.1%
Cash from investing-139-148-103
Cash from financing94.1-8.82.7
Depreciation and amortisation13398.9111+34.7%
Share-based compensation8.8-1.32.7
Buybacks0.423.189.9-98.3%
Dividends paid22.827.062.6-15.6%
Dividend per share$0.68$0.45$2.40+51.1%
Diluted shares, weighted50m45m45m+11.3%
Shares outstanding at period endn/a180mn/a

Balance sheet

$ millionFY2021FY2020FY2019On the yearLast 8 years
Shareholders' equity1,581866590+82.6%
Non-controlling interest1761680.0+4.3%
Debt2,3221,654423+40.4%
Other liabilities50154655.4-8.3%
Total liabilities and equity4,5803,2351,068+41.6%
Goodwill21075.3n/a+178.7%
Intangible assets24915574.0+60.9%
Securities held for sale or to maturity79.375.9n/a+4.6%
Cash and equivalents81.611353.1-27.9%
Inventory18.924.7n/a-23.3%
Other assets3,9422,791941+41.2%
Total assets4,5803,2351,068+41.6%

10-K for the year ended 31 December 2021, filed 25 March 2022: the filing.