American Homes 4 Rent (AMH) FY2019 results: revenue $1.1 billion, up 6.6% on the year
American Homes 4 Rent (AMH) reported revenue of $1.1 billion for fiscal 2019, the year ended 31 December 2019, up 6.6% on the year before. Net income was $86 million, up 266.0%, and diluted earnings per share $0.29. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$1.1 billion
+6.6% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$86 million
+266.0% on the year
FY2012FY2019
Diluted EPS
$0.29
+262.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,143
1,073
960
+6.6%
Interest expense
127
123
113
+3.4%
Net income
85.9
23.5
-22.1
+266.0%
Net margin
7.5%
2.2%
-2.3%
Diluted EPS
$0.29
$0.08
-$0.08
+262.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
458
411
386
+11.4%
Capital expenditure
21.9
52.4
47.9
-58.2%
Free cash flow
436
359
338
+21.6%
Free cash flow margin
38.1%
33.4%
35.2%
Cash from investing
-377
-674
-837
Cash from financing
-92.1
256
384
Depreciation and amortisation
329
319
297
+3.3%
Share-based compensation
4.8
3.4
4.2
+40.1%
Buybacks
0.0
35.0
0.0
Dividends paid
59.8
58.4
38.9
+2.5%
Dividend per share
n/a
n/a
$0.20
Diluted shares, weighted
300m
294m
264m
+1.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,335
5,252
5,150
+1.6%
Non-controlling interest
683
722
726
-5.3%
Debt
2,833
2,804
2,476
+1.1%
Other liabilities
248
224
257
+10.5%
Total liabilities and equity
9,100
9,001
8,609
+1.1%
Goodwill
120
120
120
0.0%
Intangible assets
6.8
12.7
n/a
-46.1%
Cash and equivalents
37.6
30.3
46.2
+24.1%
Other assets
8,935
8,838
8,442
+1.1%
Total assets
9,100
9,001
8,609
+1.1%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.