LTC Properties (LTC) FY2022 results: revenue $175 million, up 12.8% on the year
LTC Properties Inc. (LTC) reported revenue of $175 million for fiscal 2022, the year ended 31 December 2022, up 12.8% on the year before. Net income was $100 million, up 79.1%, and diluted earnings per share $2.48. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$175 million
+12.8% on the year
FY2015FY2022
Operating margin
56.6%
35.3% a year earlier
FY2015FY2022
Net income
$100 million
+79.1% on the year
FY2015FY2022
Diluted EPS
$2.48
+75.9% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
106
91.2
116
+15.8%
Capital expenditure
9.0
6.3
6.9
+42.8%
Free cash flow
96.6
84.9
109
+13.8%
Free cash flow margin
55.1%
54.7%
68.5%
Cash from investing
-120
-69.8
43.9
Cash from financing
19.6
-24.0
-157
Depreciation and amortisation
37.5
38.3
39.1
-2.1%
Share-based compensation
8.0
7.8
7.0
+2.6%
Buybacks
n/a
n/a
18.0
Dividends paid
91.5
90.5
90.3
+1.1%
Dividend per share
$2.28
$2.28
$2.28
0.0%
Diluted shares, weighted
40m
39m
39m
+2.3%
Shares outstanding at period end
41m
39m
39m
+4.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
828
737
767
+12.4%
Non-controlling interest
21.9
8.4
8.4
+160.8%
Debt
768
723
649
+6.2%
Other liabilities
37.9
37.0
34.3
+2.6%
Total liabilities and equity
1,656
1,505
1,459
+10.1%
Cash and equivalents
10.4
5.2
7.8
+101.1%
Other assets
1,646
1,500
1,452
+9.7%
Total assets
1,656
1,505
1,459
+10.1%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.