Healthpeak Properties (DOC) FY2016 results: revenue $2.1 billion, up 9.7% on the year
Healthpeak Properties, Inc. (DOC) reported revenue of $2.1 billion for fiscal 2016, the year ended 31 December 2016, up 9.7% on the year before. Net income was $628 million, and diluted earnings per share $1.34. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2017.
Revenue
$2.1 billion
+9.7% on the year
FY2009FY2016
Operating margin
11.5%
5.9% a year earlier
FY2009FY2016
Net income
$628 million
FY2009FY2016
Diluted EPS
$1.34
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,129
1,940
1,637
+9.7%
Cost of revenue
738
n/a
n/a
Gross profit
1,391
n/a
n/a
Gross margin
65.3%
n/a
n/a
Operating income
245
114
262
+115.5%
Operating margin
11.5%
5.9%
16.0%
Interest expense
464
480
440
-3.2%
Pre-tax income
11.4
6.6
-3.6
+72.4%
Income tax
4.5
-9.8
-0.5
Effective tax rate
39.4%
-148.8%
n/a
Net income
628
-559
922
Net margin
29.5%
-28.8%
56.3%
Diluted EPS
$1.34
-$1.21
$2.00
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,214
1,222
1,249
-0.7%
Capital expenditure
459
385
273
+19.3%
Free cash flow
755
837
976
-9.8%
Free cash flow margin
35.5%
43.2%
59.6%
Cash from investing
-429
-1,660
-1,512
Cash from financing
-1,054
614
145
Depreciation and amortisation
568
505
455
+12.5%
Share-based compensation
22.9
26.1
21.9
-12.4%
Buybacks
8.7
8.7
12.7
-0.6%
Dividends paid
980
1,047
1,002
-6.4%
Dividend per share
$2.10
$2.26
$2.18
-7.3%
Diluted shares, weighted
467m
463m
459m
+1.0%
Shares outstanding at period end
468m
465m
460m
+0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,548
9,344
10,735
-40.6%
Non-controlling interest
394
403
262
-2.2%
Debt
9,189
11,069
9,721
-17.0%
Other liabilities
628
635
652
-1.0%
Total liabilities and equity
15,759
21,450
21,370
-26.5%
Goodwill
42.0
47.0
50.3
-10.7%
Intangible assets
480
587
481
-18.2%
Securities held for sale or to maturity
68.6
103
231
-33.3%
Loans
808
769
907
+5.1%
Cash and equivalents
94.7
340
182
-72.2%
Other assets
14,266
19,604
19,518
-27.2%
Total assets
15,759
21,450
21,370
-26.5%
10-K for the year ended 31 December 2016, filed 13 February 2017: the filing.