American Homes 4 Rent (AMH) FY2018 results: revenue $1.1 billion, up 11.7% on the year
American Homes 4 Rent (AMH) reported revenue of $1.1 billion for fiscal 2018, the year ended 31 December 2018, up 11.7% on the year before. Net income was $23 million, and diluted earnings per share $0.08. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$1.1 billion
+11.7% on the year
FY2012FY2018
Operating margin
n/a
FY2012FY2018
Net income
$23 million
FY2012FY2018
Diluted EPS
$0.08
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,073
960
879
+11.7%
Interest expense
123
113
131
+9.1%
Net income
23.5
-22.1
-33.5
Net margin
2.2%
-2.3%
-3.8%
Diluted EPS
$0.08
-$0.08
-$0.14
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
411
386
279
+6.5%
Capital expenditure
52.4
47.9
39.9
+9.3%
Free cash flow
359
338
239
+6.1%
Free cash flow margin
33.4%
35.2%
27.2%
Cash from investing
-674
-837
-522
Cash from financing
256
384
325
-33.4%
Depreciation and amortisation
319
297
299
+7.2%
Share-based compensation
3.4
4.2
3.6
-18.5%
Buybacks
35.0
0.0
96.1
Dividends paid
58.4
38.9
48.2
+50.0%
Dividend per share
n/a
$0.20
$0.20
Diluted shares, weighted
294m
264m
234m
+11.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,252
5,150
4,193
+2.0%
Non-controlling interest
722
726
745
-0.6%
Debt
2,804
2,476
2,923
+13.2%
Other liabilities
224
257
247
-12.8%
Total liabilities and equity
9,001
8,609
8,107
+4.6%
Goodwill
120
120
120
0.0%
Intangible assets
12.7
n/a
n/a
Cash and equivalents
30.3
46.2
119
-34.4%
Other assets
8,838
8,442
7,868
+4.7%
Total assets
9,001
8,609
8,107
+4.6%
10-K for the year ended 31 December 2018, filed 28 February 2020: the filing.