Healthpeak Properties (DOC) FY2022 results: revenue $2.1 billion, up 8.7% on the year
Healthpeak Properties, Inc. (DOC) reported revenue of $2.1 billion for fiscal 2022, the year ended 31 December 2022, up 8.7% on the year before. Net income was $500 million, down 1.0%, and diluted earnings per share $0.92. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2023.
Revenue
$2.1 billion
+8.7% on the year
FY2015FY2022
Operating margin
8.3%
8.3% a year earlier
FY2015FY2022
Net income
$500 million
-1.0% on the year
FY2015FY2022
Diluted EPS
$0.92
-1.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
900
795
758
+13.2%
Capital expenditure
962
760
789
+26.6%
Free cash flow
-61.7
35.5
-30.5
Free cash flow margin
-3.0%
1.9%
-1.9%
Cash from investing
-876
531
-1,008
Cash from financing
-117
-1,289
246
Depreciation and amortisation
711
684
554
+3.8%
Share-based compensation
26.5
18.2
17.4
+45.3%
Buybacks
67.8
12.8
10.5
+428.3%
Dividends paid
648
650
787
-0.3%
Dividend per share
$1.20
$1.20
$1.48
0.0%
Diluted shares, weighted
539m
539m
531m
-0.0%
Shares outstanding at period end
547m
539m
538m
+1.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,655
6,515
6,734
+2.1%
Non-controlling interest
528
543
556
-2.8%
Redeemable equity
106
87.3
57.4
+21.0%
Debt
6,498
6,170
6,617
+5.3%
Other liabilities
1,985
1,941
1,956
+2.3%
Total liabilities and equity
15,771
15,258
15,920
+3.4%
Goodwill
18.0
18.0
18.0
0.0%
Intangible assets
418
520
520
-19.6%
Loans
375
416
195
-9.9%
Cash and equivalents
72.0
158
44.2
-54.5%
Other assets
14,888
14,146
15,143
+5.2%
Total assets
15,771
15,258
15,920
+3.4%
10-K for the year ended 31 December 2022, filed 8 February 2023: the filing.