LTC Properties (LTC) FY2018 results: revenue $169 million, up 0.3% on the year
LTC Properties Inc. (LTC) reported revenue of $169 million for fiscal 2018, the year ended 31 December 2018, up 0.3% on the year before. Net income was $155 million, up 77.4%, and diluted earnings per share $3.89. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$169 million
+0.3% on the year
FY2011FY2018
Operating margin
90.3%
50.6% a year earlier
FY2011FY2018
Net income
$155 million
+77.4% on the year
FY2011FY2018
Diluted EPS
$3.89
+76.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
169
168
162
+0.3%
Operating income
152
85.1
84.0
+78.9%
Operating margin
90.3%
50.6%
52.0%
Interest expense
30.2
29.9
26.4
+0.8%
Income tax
0.0
0.0
0.0
Net income
155
87.3
85.1
+77.4%
Net margin
91.9%
52.0%
52.7%
Diluted EPS
$3.89
$2.20
$2.21
+76.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
116
105
106
+9.7%
Capital expenditure
3.2
2.9
6.8
+12.1%
Free cash flow
112
102
98.9
+9.6%
Free cash flow margin
66.6%
60.9%
61.2%
Cash from investing
-3.6
-92.0
-140
Cash from financing
-112
-16.1
29.2
Depreciation and amortisation
37.6
37.6
35.9
-0.1%
Share-based compensation
5.9
5.2
4.3
+11.8%
Dividends paid
90.4
90.2
84.6
+0.2%
Dividend per share
$2.28
$2.28
$2.19
0.0%
Diluted shares, weighted
40m
40m
39m
+0.5%
Shares outstanding at period end
40m
40m
39m
+0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
825
755
740
+9.3%
Non-controlling interest
7.5
3.5
n/a
+114.5%
Debt
645
668
609
-3.4%
Other liabilities
35.6
39.4
45.5
-9.6%
Total liabilities and equity
1,514
1,466
1,395
+3.3%
Cash and equivalents
2.7
5.2
8.0
-49.1%
Other assets
1,511
1,460
1,387
+3.5%
Total assets
1,514
1,466
1,395
+3.3%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.