LTC Properties (LTC) FY2017 results: revenue $168 million, up 4.0% on the year
LTC Properties Inc. (LTC) reported revenue of $168 million for fiscal 2017, the year ended 31 December 2017, up 4.0% on the year before. Net income was $87 million, up 2.6%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$168 million
+4.0% on the year
FY2010FY2017
Operating margin
50.6%
52.0% a year earlier
FY2010FY2017
Net income
$87 million
+2.6% on the year
FY2010FY2017
Diluted EPS
$2.20
-0.5% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
168
162
136
+4.0%
Operating income
85.1
84.0
70.7
+1.3%
Operating margin
50.6%
52.0%
51.9%
Interest expense
29.9
26.4
17.5
+13.3%
Income tax
0.0
0.0
0.0
Net income
87.3
85.1
73.1
+2.6%
Net margin
52.0%
52.7%
53.7%
Diluted EPS
$2.20
$2.21
$1.94
-0.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
105
106
102
-0.4%
Capital expenditure
2.9
6.8
7.5
-57.3%
Free cash flow
102
98.9
94.8
+3.5%
Free cash flow margin
60.9%
61.2%
69.6%
Cash from investing
-92.0
-140
-327
Cash from financing
-16.1
29.2
212
Depreciation and amortisation
37.6
35.9
29.4
+4.7%
Share-based compensation
5.2
4.3
4.0
+22.6%
Dividends paid
90.2
84.6
76.8
+6.7%
Dividend per share
$2.28
$2.19
$2.07
+4.1%
Diluted shares, weighted
40m
39m
37m
+2.7%
Shares outstanding at period end
40m
39m
38m
+0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
755
740
659
+2.0%
Non-controlling interest
3.5
n/a
n/a
Debt
668
609
572
+9.5%
Other liabilities
39.4
45.5
44.4
-13.3%
Total liabilities and equity
1,466
1,395
1,275
+5.1%
Cash and equivalents
5.2
8.0
12.9
-34.8%
Other assets
1,460
1,387
1,262
+5.3%
Total assets
1,466
1,395
1,275
+5.1%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.