Invitation Homes (INVH) FY2021 results: revenue $2.0 billion, up 9.5% on the year
Invitation Homes Inc. (INVH) reported revenue of $2.0 billion for fiscal 2021, the year ended 31 December 2021, up 9.5% on the year before. Net income was $261 million, up 33.2%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$2.0 billion
+9.5% on the year
FY2015FY2021
Operating margin
11.0%
6.2% a year earlier
FY2015FY2021
Net income
$261 million
+33.2% on the year
FY2015FY2021
Diluted EPS
$0.45
+28.6% on the year
FY2015FY2021
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
908
697
662
+30.3%
Capital expenditure
77.4
98.8
57.4
-21.6%
Free cash flow
830
598
605
+38.9%
Free cash flow margin
41.6%
32.8%
34.3%
Cash from investing
-1,160
-425
102
Cash from financing
659
-146
-838
Share-based compensation
27.2
17.1
18.2
+59.0%
Dividends paid
394
332
277
+18.6%
Dividend per share
$0.68
$0.60
$0.52
+13.3%
Diluted shares, weighted
579m
555m
532m
+4.3%
Shares outstanding at period end
601m
567m
542m
+6.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,798
8,505
8,214
+15.2%
Non-controlling interest
41.1
51.2
51.7
-19.9%
Debt
7,999
8,032
8,467
-0.4%
Other liabilities
700
919
659
-23.8%
Total liabilities and equity
18,538
17,506
17,393
+5.9%
Fixed assets
16.6
10.0
9.8
+66.0%
Goodwill
258
258
258
0.0%
Securities held for sale or to maturity
157
245
317
-35.9%
Cash and equivalents
610
213
92.3
+185.9%
Other assets
17,496
16,779
16,716
+4.3%
Total assets
18,538
17,506
17,393
+5.9%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.