LTC Properties (LTC) FY2019 results: revenue $185 million, up 9.9% on the year
LTC Properties Inc. (LTC) reported revenue of $185 million for fiscal 2019, the year ended 31 December 2019, up 9.9% on the year before. Net income was $81 million, down 47.8%, and diluted earnings per share $2.02. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$185 million
+9.9% on the year
FY2012FY2019
Operating margin
44.2%
90.3% a year earlier
FY2012FY2019
Net income
$81 million
-47.8% on the year
FY2012FY2019
Diluted EPS
$2.02
-48.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
185
169
168
+9.9%
Operating income
81.9
152
85.1
-46.2%
Operating margin
44.2%
90.3%
50.6%
Interest expense
30.6
30.2
29.9
+1.3%
Income tax
0.0
0.0
0.0
Net income
80.9
155
87.3
-47.8%
Net margin
43.6%
91.9%
52.0%
Diluted EPS
$2.02
$3.89
$2.20
-48.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
122
116
105
+6.0%
Capital expenditure
2.8
3.2
2.9
-12.6%
Free cash flow
120
112
102
+6.5%
Free cash flow margin
64.6%
66.6%
60.9%
Cash from investing
-79.0
-3.6
-92.0
Cash from financing
-44.0
-112
-16.1
Depreciation and amortisation
39.2
37.6
37.6
+4.4%
Share-based compensation
6.6
5.9
5.2
+11.9%
Dividends paid
90.9
90.4
90.2
+0.6%
Dividend per share
$2.28
$2.28
$2.28
0.0%
Diluted shares, weighted
40m
40m
40m
-0.2%
Shares outstanding at period end
40m
40m
40m
+0.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
777
825
755
-5.9%
Non-controlling interest
8.5
7.5
3.5
+13.4%
Debt
693
645
668
+7.5%
Other liabilities
35.4
35.6
39.4
-0.6%
Total liabilities and equity
1,514
1,514
1,466
+0.0%
Cash and equivalents
4.2
2.7
5.2
+59.8%
Other assets
1,510
1,511
1,460
-0.1%
Total assets
1,514
1,514
1,466
+0.0%
10-K for the year ended 31 December 2019, filed 20 February 2020: the filing.