LTC Properties (LTC) FY2020 results: revenue $159 million, down 14.0% on the year
LTC Properties Inc. (LTC) reported revenue of $159 million for fiscal 2020, the year ended 31 December 2020, down 14.0% on the year before. Net income was $95 million, up 17.8%, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$159 million
-14.0% on the year
FY2013FY2020
Operating margin
60.0%
44.2% a year earlier
FY2013FY2020
Net income
$95 million
+17.8% on the year
FY2013FY2020
Diluted EPS
$2.42
+19.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
159
185
169
-14.0%
Operating income
95.6
81.9
152
+16.8%
Operating margin
60.0%
44.2%
90.3%
Interest expense
29.7
30.6
30.2
-2.9%
Income tax
0.0
0.0
0.0
Net income
95.3
80.9
155
+17.8%
Net margin
59.8%
43.6%
91.9%
Diluted EPS
$2.42
$2.02
$3.89
+19.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
116
122
116
-5.2%
Capital expenditure
6.9
2.8
3.2
+143.5%
Free cash flow
109
120
112
-8.7%
Free cash flow margin
68.5%
64.6%
66.6%
Cash from investing
43.9
-79.0
-3.6
Cash from financing
-157
-44.0
-112
Depreciation and amortisation
39.1
39.2
37.6
-0.4%
Share-based compensation
7.0
6.6
5.9
+6.8%
Buybacks
18.0
n/a
n/a
Dividends paid
90.3
90.9
90.4
-0.7%
Dividend per share
$2.28
$2.28
$2.28
0.0%
Diluted shares, weighted
39m
40m
40m
-1.2%
Shares outstanding at period end
39m
40m
40m
-1.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
767
777
825
-1.2%
Non-controlling interest
8.4
8.5
7.5
-0.9%
Debt
649
693
645
-6.3%
Other liabilities
34.3
35.4
35.6
-3.1%
Total liabilities and equity
1,459
1,514
1,514
-3.6%
Cash and equivalents
7.8
4.2
2.7
+83.1%
Other assets
1,452
1,510
1,511
-3.9%
Total assets
1,459
1,514
1,514
-3.6%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.