Healthpeak Properties (DOC) FY2012 results: revenue $1.9 billion, up 11.0% on the year
Healthpeak Properties, Inc. (DOC) reported revenue of $1.9 billion for fiscal 2012, the year ended 31 December 2012, up 11.0% on the year before. Net income was $833 million, up 54.5%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2013.
Revenue
$1.9 billion
+11.0% on the year
FY2007FY2012
Operating margin
39.5%
28.2% a year earlier
FY2007FY2012
Net income
$833 million
+54.5% on the year
FY2007FY2012
Diluted EPS
$1.90
+47.3% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,880
1,694
1,240
+11.0%
Operating income
742
478
366
+55.3%
Operating margin
39.5%
28.2%
29.6%
Interest expense
416
415
286
+0.2%
Pre-tax income
745
491
383
+51.8%
Income tax
-1.7
1.3
0.4
Effective tax rate
-0.2%
0.3%
0.1%
Net income
833
539
331
+54.5%
Net margin
44.3%
31.8%
26.7%
Diluted EPS
$1.90
$1.29
$1.00
+47.3%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,035
724
580
+42.9%
Capital expenditure
134
85.1
92.8
+57.1%
Free cash flow
901
639
488
+41.0%
Free cash flow margin
47.9%
37.7%
39.3%
Cash from investing
-2,314
-4,580
-431
Cash from financing
1,493
2,853
775
-47.7%
Depreciation and amortisation
354
346
307
+2.2%
Share-based compensation
23.3
20.0
14.9
+16.2%
Dividends paid
865
788
591
+9.9%
Dividend per share
$2.00
$1.92
$1.86
+4.2%
Diluted shares, weighted
428m
400m
307m
+7.0%
Shares outstanding at period end
453m
409m
371m
+10.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,551
9,033
7,957
+16.8%
Non-controlling interest
203
187
189
+8.2%
Debt
8,682
7,673
4,646
+13.2%
Other liabilities
479
515
540
-6.9%
Total liabilities and equity
19,916
17,408
13,332
+14.4%
Goodwill
50.3
50.3
50.3
0.0%
Intangible assets
553
372
316
+48.4%
Securities held for sale or to maturity
223
17.1
n/a
+1,203.0%
Loans
276
110
2,003
+150.4%
Cash and equivalents
248
33.5
1,037
+639.2%
Other assets
18,566
16,825
9,926
+10.3%
Total assets
19,916
17,408
13,332
+14.4%
10-K for the year ended 31 December 2012, filed 12 February 2013: the filing.