Medical Properties Trust (MPT) Q4 FY2023 earnings: revenue -$122 million

Medical Properties Trust Inc. (MPT) reported revenue of -$122 million for Q4 FY2023, the quarter ended 31 December 2023. Net income was -$664 million, and diluted earnings per share $-1.11. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.

Revenue-$122 million

Net income-$664 million

Diluted EPS$-1.11

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	-122	307	n/a	n/a
Cost of revenue	n/a	28.8	n/a	n/a
Gross profit	n/a	278	n/a	n/a
Gross margin	n/a	90.6%	n/a
Operating income	-335	77.5	n/a	n/a
Operating margin	n/a	25.3%	n/a
Interest expense	102	107	n/a	n/a
Pre-tax income	-660	127	n/a	n/a
Income tax	4.0	10.1	n/a	n/a
Effective tax rate	n/a	7.9%	n/a
Net income	-664	117	n/a	n/a
Net margin	n/a	38.1%	n/a
Diluted EPS	-$1.11	$0.19	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	135	158	n/a	n/a
Cash from investing	170	-61.7	n/a	n/a
Cash from financing	-403	-66.7	n/a	n/a
Depreciation and amortisation	79.9	77.8	n/a	n/a
Share-based compensation	3.5	11.5	n/a	n/a
Dividend per share	n/a	$0.15	n/a	n/a
Diluted shares, weighted	599m	599m	n/a	n/a
Shares outstanding at period end	599m	598m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	7,632	8,285	n/a	n/a
Non-controlling interest	2.3	0.9	n/a	n/a
Debt	10,064	10,157	n/a	n/a
Other liabilities	607	562	n/a	n/a
Total liabilities and equity	18,305	19,005	n/a	n/a
Cash and equivalents	250	340	n/a	n/a
Other assets	18,055	18,665	n/a	n/a
Total assets	18,305	19,005	n/a	n/a

Questions

What was Medical Properties Trust's revenue in Q4 FY2023?

Medical Properties Trust (MPT) reported revenue of -$122 million for Q4 FY2023, the quarter ended 31 December 2023.

How much did Medical Properties Trust earn in Q4 FY2023?

Net loss for Q4 FY2023 was $664 million, and the diluted loss per share $1.11.

When did Medical Properties Trust report Q4 FY2023 results?

Medical Properties Trust filed its 10-K for the year that ended with the quarter on 29 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	307	-122	271	267	226	232	224	240	238	270	252	259
Cost of revenue	28.8	n/a	40.9	4.3	7.8	21.1	81.4	19.8	n/a	11.4	97.3	12.3
Gross profit	278	n/a	230	262	218	211	142	221	n/a	259	155	247
Gross margin	91%	n/a	85%	98%	97%	91%	64%	92%	n/a	96%	61%	95%
Operating income	77.5	-335	48.9	19.9	-127	27.2	-5.5	6.9	-8.6	36.7	6.9	8.6
Operating margin	25%	n/a	18%	7%	-56%	12%	-2%	3%	-4%	14%	3%	3%
Interest expense	107	102	109	101	106	101	116	130	132	132	133	135
Pre-tax income	127	-660	-864	-305	-792	-403	-109	-88.3	-66.6	26.1	0.3	7.8
Tax rate	8%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	33%	-11516%	129%
Net income	117	-664	-876	-321	-801	-413	-118	-98.4	-77.7	17.3	32.8	-2.6
Net margin	38%	n/a	-323%	-120%	-355%	-178%	-53%	-41%	-33%	6%	13%	-1%
Diluted EPS	$0.19	-$1.11	-$1.46	-$0.54	-$1.34	-$0.69	-$0.20	-$0.16	-$0.13	$0.03	$0.05	-$0.01
Operating cash flow	158	135	74.3	35.3	59.2	76.7	0.4	51.7	18.6	160	-14.3	62.4
Shares outstanding	598m	599m	600m	600m	600m	600m	601m	601m	601m	597m	598m	597m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 29 February 2024, accession 0000950170-24-023248: the filing on EDGAR. All of Medical Properties Trust Inc.'s filings: EDGAR company page.

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