LTC Properties (LTC) FY2021 results: revenue $155 million, down 2.5% on the year
LTC Properties Inc. (LTC) reported revenue of $155 million for fiscal 2021, the year ended 31 December 2021, down 2.5% on the year before. Net income was $56 million, down 41.4%, and diluted earnings per share $1.41. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$155 million
-2.5% on the year
FY2014FY2021
Operating margin
35.3%
60.0% a year earlier
FY2014FY2021
Net income
$56 million
-41.4% on the year
FY2014FY2021
Diluted EPS
$1.41
-41.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
91.2
116
122
-21.5%
Capital expenditure
6.3
6.9
2.8
-8.9%
Free cash flow
84.9
109
120
-22.3%
Free cash flow margin
54.7%
68.5%
64.6%
Cash from investing
-69.8
43.9
-79.0
Cash from financing
-24.0
-157
-44.0
Depreciation and amortisation
38.3
39.1
39.2
-2.0%
Share-based compensation
7.8
7.0
6.6
+10.7%
Buybacks
n/a
18.0
n/a
Dividends paid
90.5
90.3
90.9
+0.3%
Dividend per share
$2.28
$2.28
$2.28
0.0%
Diluted shares, weighted
39m
39m
40m
-0.3%
Shares outstanding at period end
39m
39m
40m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
737
767
777
-4.0%
Non-controlling interest
8.4
8.4
8.5
+0.1%
Debt
723
649
693
+11.3%
Other liabilities
37.0
34.3
35.4
+7.8%
Total liabilities and equity
1,505
1,459
1,514
+3.1%
Cash and equivalents
5.2
7.8
4.2
-33.6%
Other assets
1,500
1,452
1,510
+3.3%
Total assets
1,505
1,459
1,514
+3.1%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.