Invitation Homes (INVH) FY2019 results: revenue $1.8 billion, up 2.4% on the year
Invitation Homes Inc. (INVH) reported revenue of $1.8 billion for fiscal 2019, the year ended 31 December 2019, up 2.4% on the year before. Net income was $145 million, and diluted earnings per share $0.27. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$1.8 billion
+2.4% on the year
FY2015FY2019
Operating margin
2.2%
-3.6% a year earlier
FY2015FY2019
Net income
$145 million
FY2015FY2019
Diluted EPS
$0.27
FY2015FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,765
1,723
1,054
+2.4%
Operating income
39.2
-61.7
118
Operating margin
2.2%
-3.6%
11.2%
Interest expense
367
384
257
-4.3%
Income tax
2.5
1.2
n/a
+100.6%
Net income
145
-4.9
-105
Net margin
8.2%
-0.3%
-10.0%
Diluted EPS
$0.27
-$0.01
n/a
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
662
561
263
+18.0%
Capital expenditure
57.4
4.0
4.1
+1,326.3%
Free cash flow
605
557
259
+8.5%
Free cash flow margin
34.3%
32.3%
24.6%
Cash from investing
102
63.0
64.7
+62.3%
Cash from financing
-838
-681
-331
Share-based compensation
18.2
29.5
81.2
-38.4%
Dividends paid
277
230
69.0
+20.3%
Dividend per share
$0.52
$0.44
$0.22
+18.2%
Diluted shares, weighted
532m
520m
n/a
+2.3%
Shares outstanding at period end
542m
521m
519m
+4.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
8,214
8,229
8,498
-0.2%
Non-controlling interest
51.7
140
152
-63.1%
Debt
8,467
9,250
9,652
-8.5%
Other liabilities
659
444
382
+48.4%
Total liabilities and equity
17,393
18,063
18,684
-3.7%
Fixed assets
9.8
11.8
16.6
-16.7%
Goodwill
258
258
258
0.0%
Securities held for sale or to maturity
317
367
379
-13.5%
Cash and equivalents
92.3
145
180
-36.3%
Other assets
16,716
17,282
17,850
-3.3%
Total assets
17,393
18,063
18,684
-3.7%
10-K for the year ended 31 December 2019, filed 22 February 2022: the filing.