American Homes 4 Rent (AMH) FY2023 results: revenue $1.6 billion, up 8.9% on the year
American Homes 4 Rent (AMH) reported revenue of $1.6 billion for fiscal 2023, the year ended 31 December 2023, up 8.9% on the year before. Net income was $366 million, up 46.0%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$1.6 billion
+8.9% on the year
FY2016FY2023
Operating margin
13.1%
FY2016FY2023
Net income
$366 million
+46.0% on the year
FY2016FY2023
Diluted EPS
$1.01
+42.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
739
666
595
+11.0%
Capital expenditure
40.1
98.0
47.7
-59.1%
Free cash flow
699
567
548
+23.1%
Free cash flow margin
43.0%
38.1%
42.0%
Cash from investing
-693
-1,426
-1,733
Cash from financing
-42.2
786
1,065
Depreciation and amortisation
457
427
373
+7.0%
Share-based compensation
25.4
27.3
17.8
-7.1%
Dividends paid
319
253
146
+26.5%
Dividend per share
$0.88
$0.72
n/a
+22.2%
Diluted shares, weighted
362m
350m
326m
+3.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,968
6,496
6,060
+7.3%
Non-controlling interest
685
679
679
+1.0%
Debt
4,462
4,516
3,880
-1.2%
Other liabilities
574
484
344
+18.4%
Total liabilities and equity
12,688
12,175
10,962
+4.2%
Goodwill
120
120
120
0.0%
Intangible assets
7.6
10.2
13.1
-25.5%
Cash and equivalents
59.4
69.2
48.2
-14.1%
Other assets
12,501
11,975
10,781
+4.4%
Total assets
12,688
12,175
10,962
+4.2%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.