American Homes 4 Rent (AMH) FY2020 results: revenue $1.2 billion, up 3.5% on the year
American Homes 4 Rent (AMH) reported revenue of $1.2 billion for fiscal 2020, the year ended 31 December 2020, up 3.5% on the year before. Net income was $85 million, down 0.8%, and diluted earnings per share $0.28. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$1.2 billion
+3.5% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$85 million
-0.8% on the year
FY2013FY2020
Diluted EPS
$0.28
-3.4% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,183
1,143
1,073
+3.5%
Interest expense
117
127
123
-7.9%
Net income
85.2
85.9
23.5
-0.8%
Net margin
7.2%
7.5%
2.2%
Diluted EPS
$0.28
$0.29
$0.08
-3.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
474
458
411
+3.5%
Capital expenditure
17.0
21.9
52.4
-22.5%
Free cash flow
457
436
359
+4.8%
Free cash flow margin
38.6%
38.1%
33.4%
Cash from investing
-643
-377
-674
Cash from financing
270
-92.1
256
Depreciation and amortisation
343
329
319
+4.2%
Share-based compensation
9.8
4.8
3.4
+104.5%
Buybacks
0.0
0.0
35.0
Dividends paid
61.1
59.8
58.4
+2.1%
Diluted shares, weighted
307m
300m
294m
+2.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,789
5,335
5,252
+8.5%
Non-controlling interest
683
683
722
-0.0%
Debt
2,817
2,833
2,804
-0.6%
Other liabilities
304
248
224
+22.6%
Total liabilities and equity
9,594
9,100
9,001
+5.4%
Goodwill
120
120
120
0.0%
Intangible assets
4.9
6.8
12.7
-28.9%
Cash and equivalents
137
37.6
30.3
+264.8%
Other assets
9,331
8,935
8,838
+4.4%
Total assets
9,594
9,100
9,001
+5.4%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.