CareTrust REIT (CTRE) FY2019 results: revenue $163 million, up 4.1% on the year
CareTrust REIT, Inc. (CTRE) reported revenue of $163 million for fiscal 2019, the year ended 31 December 2019, up 4.1% on the year before. Net income was $46 million, down 20.0%, and diluted earnings per share $0.49. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$163 million
+4.1% on the year
FY2012FY2019
Operating margin
27.3%
35.6% a year earlier
FY2012FY2019
Net income
$46 million
-20.0% on the year
FY2012FY2019
Diluted EPS
$0.49
-31.9% 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
163
157
133
+4.1%
Cost of revenue
2.9
3.0
2.7
-2.2%
Gross profit
161
154
130
+4.2%
Gross margin
98.2%
98.1%
97.9%
Operating income
44.6
55.9
22.3
-20.2%
Operating margin
27.3%
35.6%
16.8%
Interest expense
28.1
27.9
24.2
+1.0%
Net income
46.4
57.9
25.9
-20.0%
Net margin
28.4%
36.9%
19.5%
Diluted EPS
$0.49
$0.72
$0.35
-31.9%
$ 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
126
99.4
88.8
+27.1%
Capital expenditure
2.9
1.8
0.4
+64.8%
Free cash flow
123
97.6
88.4
+26.4%
Free cash flow margin
75.5%
62.2%
66.5%
Cash from investing
-316
-115
-303
Cash from financing
173
45.6
213
+280.0%
Depreciation and amortisation
51.9
45.8
39.2
+13.3%
Share-based compensation
4.1
3.8
2.4
+6.7%
Dividends paid
80.6
63.0
52.6
+28.0%
Dividend per share
$0.90
$0.82
$0.74
+9.8%
Diluted shares, weighted
93m
79m
73m
+17.3%
Shares outstanding at period end
95m
86m
75m
+10.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
928
768
595
+20.7%
Debt
555
490
559
+13.2%
Other liabilities
36.6
33.8
31.5
+8.6%
Total liabilities and equity
1,519
1,292
1,185
+17.6%
Intangible assets
n/a
2.4
2.4
Cash and equivalents
20.3
36.8
6.9
-44.8%
Other assets
1,499
1,253
1,176
+19.6%
Total assets
1,519
1,292
1,185
+17.6%
10-K for the year ended 31 December 2019, filed 20 February 2020: the filing.