CareTrust REIT (CTRE) FY2022 results: revenue $196 million, up 2.0% on the year

CareTrust REIT, Inc. (CTRE) reported revenue of $196 million for fiscal 2022, the year ended 31 December 2022, up 2.0% on the year before. Net income was -$8 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.

Revenue

$196 million

+2.0% on the year

FY2015FY2022

Operating margin

1.7%

43.1% a year earlier

FY2015FY2022

Net income

-$8 million

FY2015FY2022

Diluted EPS

-$0.08

FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ million	FY2022	FY2021	FY2020	On the year
Revenue	196	192	178	+2.0%
Cost of revenue	n/a	0.0	1.9
Gross profit	n/a	192	176
Gross margin	n/a	100.0%	99.0%
Operating income	3.4	82.9	80.9	-95.9%
Operating margin	1.7%	43.1%	45.4%
Interest expense	30.0	23.7	23.7	+26.7%
Net income	-7.5	72.0	80.9
Net margin	-3.8%	37.4%	45.3%
Diluted EPS	-$0.08	$0.74	$0.85

$ million except per share.

Free 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	FY2022	FY2021	FY2020	On the year
Operating cash flow	144	157	146	-7.9%
Cash from investing	-127	-193	-41.6
Cash from financing	-23.7	36.7	-106
Depreciation and amortisation	50.3	55.4	52.8	-9.2%
Share-based compensation	5.8	10.8	3.8	-46.8%
Dividends paid	106	101	93.2	+5.3%
Dividend per share	$1.10	$1.06	$1.00	+3.8%
Diluted shares, weighted	97m	96m	95m	+0.6%
Shares outstanding at period end	99m	96m	95m	+2.8%

Balance sheet

$ million	FY2022	FY2021	FY2020	On the year
Shareholders' equity	849	916	914	-7.2%
Non-controlling interest	0.0	n/a	n/a
Redeemable equity	0.0	0.0	n/a
Debt	719	673	546	+6.8%
Other liabilities	51.9	51.7	43.8	+0.4%
Total liabilities and equity	1,621	1,641	1,504	-1.2%
Cash and equivalents	13.2	19.9	18.9	-33.8%
Other assets	1,608	1,621	1,485	-0.8%
Total assets	1,621	1,641	1,504	-1.2%

10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.