Healthpeak Properties (DOC) FY2021 results: revenue $1.9 billion, up 15.3% on the year
Healthpeak Properties, Inc. (DOC) reported revenue of $1.9 billion for fiscal 2021, the year ended 31 December 2021, up 15.3% on the year before. Net income was $506 million, up 22.2%, and diluted earnings per share $0.93. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2022.
Revenue
$1.9 billion
+15.3% on the year
FY2014FY2021
Operating margin
8.3%
-3.9% a year earlier
FY2014FY2021
Net income
$506 million
+22.2% on the year
FY2014FY2021
Diluted EPS
$0.93
+20.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
795
758
846
+4.9%
Capital expenditure
760
789
677
-3.7%
Free cash flow
35.5
-30.5
169
Free cash flow margin
1.9%
-1.9%
13.6%
Cash from investing
531
-1,008
-1,449
Cash from financing
-1,289
246
647
Depreciation and amortisation
684
554
435
+23.5%
Share-based compensation
18.2
17.4
18.2
+4.8%
Buybacks
12.8
10.5
5.0
+22.0%
Dividends paid
650
787
720
-17.4%
Dividend per share
$1.20
$1.48
$1.48
-18.9%
Diluted shares, weighted
539m
531m
489m
+1.5%
Shares outstanding at period end
539m
538m
505m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,515
6,734
6,085
-3.2%
Non-controlling interest
543
556
582
-2.3%
Redeemable equity
87.3
57.4
11.1
+52.2%
Debt
6,170
6,617
6,299
-6.8%
Other liabilities
1,941
1,956
1,055
-0.7%
Total liabilities and equity
15,258
15,920
14,033
-4.2%
Goodwill
18.0
18.0
17.0
0.0%
Intangible assets
520
520
260
-0.0%
Loans
416
195
191
+112.8%
Cash and equivalents
158
44.2
80.4
+257.9%
Other assets
14,146
15,143
13,485
-6.6%
Total assets
15,258
15,920
14,033
-4.2%
10-K for the year ended 31 December 2021, filed 9 February 2022: the filing.