CareTrust REIT (CTRE) FY2017 results: revenue $133 million, up 27.0% on the year
CareTrust REIT, Inc. (CTRE) reported revenue of $133 million for fiscal 2017, the year ended 31 December 2017, up 27.0% on the year before. Net income was $26 million, down 11.9%, and diluted earnings per share $0.35. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$133 million
+27.0% on the year
FY2012FY2017
Operating margin
16.8%
25.9% a year earlier
FY2012FY2017
Net income
$26 million
-11.9% on the year
FY2012FY2017
Diluted EPS
$0.35
-32.7% on the year
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
133
105
75.0
+27.0%
Cost of revenue
2.7
2.5
n/a
+7.2%
Gross profit
130
102
n/a
+27.5%
Gross margin
97.9%
97.6%
n/a
Operating income
22.3
27.1
10.0
-17.5%
Operating margin
16.8%
25.9%
13.4%
Interest expense
24.2
22.9
24.0
+5.8%
Pre-tax income
n/a
n/a
10.0
Income tax
n/a
n/a
0.0
Effective tax rate
n/a
n/a
0.0%
Net income
25.9
29.4
10.0
-11.9%
Net margin
19.5%
28.0%
13.4%
Diluted EPS
$0.35
$0.52
$0.26
-32.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
88.8
64.4
40.3
+37.8%
Capital expenditure
0.4
0.2
0.3
+166.9%
Free cash flow
88.4
64.3
40.0
+37.5%
Free cash flow margin
66.5%
61.4%
53.3%
Cash from investing
-303
-285
-235
Cash from financing
213
216
181
-1.4%
Depreciation and amortisation
39.2
32.0
24.1
+22.5%
Share-based compensation
2.4
1.5
1.5
+56.3%
Dividends paid
52.6
37.3
21.8
+41.1%
Dividend per share
$0.74
$0.68
$0.64
+8.8%
Diluted shares, weighted
73m
56m
37m
+29.7%
Shares outstanding at period end
75m
65m
48m
+16.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
595
452
262
+31.4%
Debt
559
450
394
+24.3%
Other liabilities
31.5
23.2
17.0
+35.5%
Total liabilities and equity
1,185
925
673
+28.1%
Intangible assets
2.4
1.9
0.0
+24.5%
Cash and equivalents
6.9
7.5
11.5
-7.9%
Other assets
1,176
916
662
+28.4%
Total assets
1,185
925
673
+28.1%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.