CareTrust REIT (CTRE) FY2020 results: revenue $178 million, up 9.1% on the year
CareTrust REIT, Inc. (CTRE) reported revenue of $178 million for fiscal 2020, the year ended 31 December 2020, up 9.1% on the year before. Net income was $81 million, up 74.4%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2021.
Revenue
$178 million
+9.1% on the year
FY2013FY2020
Operating margin
45.4%
27.3% a year earlier
FY2013FY2020
Net income
$81 million
+74.4% on the year
FY2013FY2020
Diluted EPS
$0.85
+73.5% 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
178
163
157
+9.1%
Cost of revenue
1.9
2.9
3.0
-35.5%
Gross profit
176
161
154
+9.9%
Gross margin
99.0%
98.2%
98.1%
Operating income
80.9
44.6
55.9
+81.5%
Operating margin
45.4%
27.3%
35.6%
Interest expense
23.7
28.1
27.9
-15.9%
Net income
80.9
46.4
57.9
+74.4%
Net margin
45.3%
28.4%
36.9%
Diluted EPS
$0.85
$0.49
$0.72
+73.5%
$ 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
146
126
99.4
+15.4%
Capital expenditure
n/a
2.9
1.8
Free cash flow
n/a
123
97.6
Free cash flow margin
n/a
75.5%
62.2%
Cash from investing
-41.6
-316
-115
Cash from financing
-106
173
45.6
Depreciation and amortisation
52.8
51.9
45.8
+1.8%
Share-based compensation
3.8
4.1
3.8
-7.7%
Dividends paid
93.2
80.6
63.0
+15.6%
Dividend per share
$1.00
$0.90
$0.82
+11.1%
Diluted shares, weighted
95m
93m
79m
+2.3%
Shares outstanding at period end
95m
95m
86m
+0.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
914
928
768
-1.4%
Debt
546
555
490
-1.6%
Other liabilities
43.8
36.6
33.8
+19.6%
Total liabilities and equity
1,504
1,519
1,292
-1.0%
Intangible assets
n/a
n/a
2.4
Cash and equivalents
18.9
20.3
36.8
-6.9%
Other assets
1,485
1,499
1,253
-0.9%
Total assets
1,504
1,519
1,292
-1.0%
10-K for the year ended 31 December 2020, filed 10 February 2021: the filing.