LTC Properties (LTC) FY2016 results: revenue $162 million, up 18.6% on the year
LTC Properties Inc. (LTC) reported revenue of $162 million for fiscal 2016, the year ended 31 December 2016, up 18.6% on the year before. Net income was $85 million, up 16.5%, and diluted earnings per share $2.21. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$162 million
+18.6% on the year
FY2009FY2016
Operating margin
52.0%
51.9% a year earlier
FY2009FY2016
Net income
$85 million
+16.5% on the year
FY2009FY2016
Diluted EPS
$2.21
+13.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
162
136
119
+18.6%
Operating income
84.0
70.7
68.4
+18.8%
Operating margin
52.0%
51.9%
57.5%
Interest expense
26.4
17.5
13.1
+51.1%
Income tax
0.0
0.0
0.0
Net income
85.1
73.1
73.4
+16.5%
Net margin
52.7%
53.7%
61.7%
Diluted EPS
$2.21
$1.94
$1.99
+13.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
106
102
95.8
+3.3%
Capital expenditure
6.8
7.5
14.0
-9.8%
Free cash flow
98.9
94.8
81.8
+4.3%
Free cash flow margin
61.2%
69.6%
68.8%
Cash from investing
-140
-327
-29.0
Cash from financing
29.2
212
-48.3
-86.2%
Depreciation and amortisation
35.9
29.4
25.5
+22.1%
Share-based compensation
4.3
4.0
3.3
+6.8%
Dividends paid
84.6
76.8
74.4
+10.2%
Dividend per share
$2.19
$2.07
$2.04
+5.8%
Diluted shares, weighted
39m
37m
37m
+3.4%
Shares outstanding at period end
39m
38m
35m
+4.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
740
659
660
+12.3%
Debt
609
572
281
+6.6%
Other liabilities
45.5
44.4
25.1
+2.5%
Total liabilities and equity
1,395
1,275
966
+9.4%
Cash and equivalents
8.0
12.9
25.2
-38.3%
Other assets
1,387
1,262
941
+9.9%
Total assets
1,395
1,275
966
+9.4%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.