National Healthcare (NHC) FY2023 results: revenue $1.1 billion, up 5.1% on the year
National Healthcare Corp. (NHC) reported revenue of $1.1 billion for fiscal 2023, the year ended 31 December 2023, up 5.1% on the year before. Net income was $67 million, up 197.6%, and diluted earnings per share $4.34. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$1.1 billion
+5.1% on the year
FY2016FY2023
Operating margin
5.0%
2.9% a year earlier
FY2016FY2023
Net income
$67 million
+197.6% on the year
FY2016FY2023
Diluted EPS
$4.34
+199.3% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
111
8.7
62.4
+1,172.2%
Capital expenditure
27.9
30.2
39.4
-7.6%
Free cash flow
83.3
-21.5
23.0
Free cash flow margin
7.3%
-2.0%
2.1%
Cash from investing
-17.6
-6.0
-65.9
Cash from financing
-42.5
-47.6
-35.3
Depreciation and amortisation
42.0
40.5
40.7
+3.8%
Share-based compensation
2.8
2.6
2.6
+6.5%
Buybacks
2.5
9.9
0.8
-74.9%
Dividends paid
35.6
34.6
32.0
+2.8%
Dividend per share
$2.34
$2.26
$2.11
+3.5%
Diluted shares, weighted
15m
15m
15m
-0.5%
Shares outstanding at period end
15m
15m
15m
-0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
909
874
903
+3.9%
Non-controlling interest
1.7
3.2
5.5
-46.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
63.2
91.0
129
-30.6%
Finance lease liabilities
0.0
0.9
5.8
Other liabilities
337
306
361
+10.2%
Total liabilities and equity
1,311
1,275
1,403
+2.8%
Fixed assets
493
507
521
-2.6%
Goodwill
168
168
168
0.0%
Intangible assets
7.0
7.0
7.0
0.0%
Securities held for sale or to maturity
128
143
172
-10.5%
Cash and equivalents
107
58.7
108
+82.5%
Receivables
109
100.0
96.1
+8.6%
Inventory
7.4
7.1
8.6
+4.2%
Other assets
291
285
323
+2.2%
Total assets
1,311
1,275
1,403
+2.8%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.