LTC Properties (LTC) FY2013 results: revenue $105 million, up 13.5% on the year
LTC Properties Inc. (LTC) reported revenue of $105 million for fiscal 2013, the year ended 31 December 2013, up 13.5% on the year before. Net income was $58 million, up 12.7%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$105 million
+13.5% on the year
FY2009FY2013
Operating margin
52.8%
54.4% a year earlier
FY2009FY2013
Net income
$58 million
+12.7% on the year
FY2009FY2013
Diluted EPS
$1.63
+3.8% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
105
92.5
83.6
+13.5%
Operating income
55.4
50.3
48.6
+10.1%
Operating margin
52.8%
54.4%
58.1%
Interest expense
11.4
9.9
6.4
+14.4%
Net income
57.8
51.3
49.3
+12.7%
Net margin
55.1%
55.5%
58.9%
Diluted EPS
$1.63
$1.57
$1.36
+3.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
87.1
76.7
70.5
+13.6%
Capital expenditure
7.0
1.1
3.1
+517.7%
Free cash flow
80.1
75.6
67.3
+6.1%
Free cash flow margin
76.3%
81.7%
80.5%
Cash from investing
-165
-159
-93.0
Cash from financing
77.3
84.6
20.1
-8.6%
Depreciation and amortisation
24.7
22.2
19.6
+11.5%
Share-based compensation
2.6
1.8
1.5
+42.4%
Dividends paid
66.9
57.8
56.6
+15.8%
Dividend per share
$1.91
$1.79
$1.68
+6.4%
Diluted shares, weighted
33m
30m
29m
+9.5%
Shares outstanding at period end
35m
31m
30m
+13.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
632
463
467
+36.6%
Non-controlling interest
n/a
0.0
2.0
Debt
279
304
159
-8.3%
Other liabilities
20.1
22.5
19.2
-10.7%
Total liabilities and equity
931
790
647
+18.0%
Cash and equivalents
6.8
7.2
4.4
-5.7%
Other assets
925
782
643
+18.2%
Total assets
931
790
647
+18.0%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.