Healthpeak Properties (DOC) FY2015 results: revenue $1.9 billion, up 18.6% on the year
Healthpeak Properties, Inc. (DOC) reported revenue of $1.9 billion for fiscal 2015, the year ended 31 December 2015, up 18.6% on the year before. Net income was -$559 million, and diluted earnings per share $-1.21. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2016.
Revenue
$1.9 billion
+18.6% on the year
FY2008FY2015
Operating margin
5.9%
16.0% a year earlier
FY2008FY2015
Net income
-$559 million
FY2008FY2015
Diluted EPS
-$1.21
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,940
1,637
2,100
+18.6%
Operating income
114
262
834
-56.6%
Operating margin
5.9%
16.0%
39.7%
Interest expense
480
440
435
+9.1%
Pre-tax income
6.6
-3.6
852
Income tax
-9.8
-0.5
5.8
Effective tax rate
-148.8%
n/a
0.7%
Net income
-559
922
971
Net margin
-28.8%
56.3%
46.2%
Diluted EPS
-$1.21
$2.00
$2.13
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,222
1,249
1,149
-2.1%
Capital expenditure
385
273
130
+40.9%
Free cash flow
837
976
1,019
-14.2%
Free cash flow margin
43.2%
59.6%
48.5%
Cash from investing
-1,660
-1,512
-197
Cash from financing
614
145
-900
+324.1%
Depreciation and amortisation
505
455
423
+11.0%
Share-based compensation
26.1
21.9
40.0
+19.4%
Buybacks
8.7
12.7
n/a
-31.2%
Dividends paid
1,047
1,002
957
+4.5%
Dividend per share
$2.26
$2.18
$2.10
+3.7%
Diluted shares, weighted
463m
459m
456m
+0.9%
Shares outstanding at period end
465m
460m
457m
+1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
9,344
10,735
10,723
-13.0%
Non-controlling interest
403
262
208
+53.8%
Debt
11,069
9,721
8,662
+13.9%
Other liabilities
635
652
483
-2.6%
Total liabilities and equity
21,450
21,370
20,076
+0.4%
Goodwill
47.0
50.3
50.3
-6.6%
Intangible assets
587
481
490
+22.0%
Securities held for sale or to maturity
103
231
244
-55.5%
Loans
769
907
366
-15.2%
Cash and equivalents
340
182
301
+87.1%
Other assets
19,604
19,518
18,625
+0.4%
Total assets
21,450
21,370
20,076
+0.4%
10-K for the year ended 31 December 2015, filed 9 February 2016: the filing.