CareTrust REIT (CTRE) FY2018 results: revenue $157 million, up 18.0% on the year
CareTrust REIT, Inc. (CTRE) reported revenue of $157 million for fiscal 2018, the year ended 31 December 2018, up 18.0% on the year before. Net income was $58 million, up 123.9%, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2019.
Revenue
$157 million
+18.0% on the year
FY2012FY2018
Operating margin
35.6%
16.8% a year earlier
FY2012FY2018
Net income
$58 million
+123.9% on the year
FY2012FY2018
Diluted EPS
$0.72
+105.7% on the year
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
157
133
105
+18.0%
Cost of revenue
3.0
2.7
2.5
+8.5%
Gross profit
154
130
102
+18.2%
Gross margin
98.1%
97.9%
97.6%
Operating income
55.9
22.3
27.1
+150.1%
Operating margin
35.6%
16.8%
25.9%
Interest expense
27.9
24.2
22.9
+15.1%
Net income
57.9
25.9
29.4
+123.9%
Net margin
36.9%
19.5%
28.0%
Diluted EPS
$0.72
$0.35
$0.52
+105.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
99.4
88.8
64.4
+11.9%
Capital expenditure
1.8
0.4
0.2
+342.2%
Free cash flow
97.6
88.4
64.3
+10.4%
Free cash flow margin
62.2%
66.5%
61.4%
Cash from investing
-115
-303
-285
Cash from financing
45.6
213
216
-78.6%
Depreciation and amortisation
45.8
39.2
32.0
+16.9%
Share-based compensation
3.8
2.4
1.5
+59.3%
Dividends paid
63.0
52.6
37.3
+19.8%
Dividend per share
$0.82
$0.74
$0.68
+10.8%
Diluted shares, weighted
79m
73m
56m
+9.3%
Shares outstanding at period end
86m
75m
65m
+13.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
768
595
452
+29.2%
Debt
490
559
450
-12.4%
Other liabilities
33.8
31.5
23.2
+7.3%
Total liabilities and equity
1,292
1,185
925
+9.0%
Intangible assets
2.4
2.4
1.9
0.0%
Cash and equivalents
36.8
6.9
7.5
+432.5%
Other assets
1,253
1,176
916
+6.5%
Total assets
1,292
1,185
925
+9.0%
10-K for the year ended 31 December 2018, filed 13 February 2019: the filing.