LTC Properties (LTC) FY2015 results: revenue $136 million, up 14.5% on the year
LTC Properties Inc. (LTC) reported revenue of $136 million for fiscal 2015, the year ended 31 December 2015, up 14.5% on the year before. Net income was $73 million, down 0.4%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2016.
Revenue
$136 million
+14.5% on the year
FY2009FY2015
Operating margin
51.9%
57.5% a year earlier
FY2009FY2015
Net income
$73 million
-0.4% on the year
FY2009FY2015
Diluted EPS
$1.94
-2.5% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
136
119
105
+14.5%
Operating income
70.7
68.4
55.4
+3.3%
Operating margin
51.9%
57.5%
52.8%
Interest expense
17.5
13.1
11.4
+33.3%
Income tax
0.0
0.0
n/a
Net income
73.1
73.4
57.8
-0.4%
Net margin
53.7%
61.7%
55.1%
Diluted EPS
$1.94
$1.99
$1.63
-2.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
102
95.8
87.1
+6.9%
Capital expenditure
7.5
14.0
7.0
-46.1%
Free cash flow
94.8
81.8
80.1
+15.9%
Free cash flow margin
69.6%
68.8%
76.3%
Cash from investing
-327
-29.0
-165
Cash from financing
212
-48.3
77.3
Depreciation and amortisation
29.4
25.5
24.7
+15.3%
Share-based compensation
4.0
3.3
2.6
+23.1%
Dividends paid
76.8
74.4
66.9
+3.1%
Dividend per share
$2.07
$2.04
$1.91
+1.5%
Diluted shares, weighted
37m
37m
33m
+1.9%
Shares outstanding at period end
38m
35m
35m
+5.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
659
660
632
-0.1%
Debt
572
281
279
+103.8%
Other liabilities
44.4
25.1
20.1
+76.6%
Total liabilities and equity
1,275
966
931
+32.1%
Cash and equivalents
12.9
25.2
6.8
-48.7%
Other assets
1,262
941
925
+34.2%
Total assets
1,275
966
931
+32.1%
10-K for the year ended 31 December 2015, filed 22 February 2016: the filing.