National Healthcare (NHC) FY2021 results: revenue $1.1 billion, up 4.5% on the year
National Healthcare Corp. (NHC) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 4.5% on the year before. Net income was $139 million, up 231.0%, and diluted earnings per share $8.99. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$1.1 billion
+4.5% on the year
FY2016FY2021
Operating margin
4.7%
4.7% a year earlier
FY2016FY2021
Net income
$139 million
+231.0% on the year
FY2016FY2021
Diluted EPS
$8.99
+230.5% on the year
FY2016FY2021
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
62.4
203
100
-69.3%
Capital expenditure
39.4
21.9
26.4
+80.1%
Free cash flow
23.0
181
73.7
-87.3%
Free cash flow margin
2.1%
17.6%
7.4%
Cash from investing
-65.9
-63.9
-14.3
Cash from financing
-35.3
-41.9
-79.7
Depreciation and amortisation
40.7
42.0
42.4
-3.2%
Share-based compensation
2.6
2.5
1.9
+6.8%
Buybacks
0.8
0.1
0.9
+1,477.4%
Dividends paid
32.0
31.9
31.2
+0.3%
Dividend per share
$2.11
$2.08
$2.06
+1.4%
Diluted shares, weighted
15m
15m
15m
+0.3%
Shares outstanding at period end
15m
15m
15m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
903
795
779
+13.6%
Non-controlling interest
5.5
3.1
0.5
+77.0%
Debt
0.0
0.0
10.0
Operating lease liabilities
129
154
179
-16.3%
Finance lease liabilities
5.8
10.5
15.0
-44.5%
Other liabilities
361
400
304
-9.8%
Total liabilities and equity
1,403
1,362
1,287
+3.0%
Fixed assets
521
520
535
+0.1%
Goodwill
168
21.3
21.0
+688.6%
Intangible assets
7.0
0.0
n/a
Investments
n/a
n/a
279
Securities held for sale or to maturity
172
190
n/a
-9.3%
Cash and equivalents
108
147
50.3
-26.8%
Receivables
96.1
89.7
93.0
+7.2%
Inventory
8.6
8.8
7.4
-2.3%
Other assets
323
385
300
-16.2%
Total assets
1,403
1,362
1,287
+3.0%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.