National Health Investors (NHI) FY2013 results: revenue $118 million, up 26.3% on the year
National Health Investors Inc. (NHI) reported revenue of $118 million for fiscal 2013, the year ended 31 December 2013, up 26.3% on the year before. Net income was $106 million, up 17.0%, and diluted earnings per share $3.74. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2014.
Revenue
$118 million
+26.3% on the year
FY2008FY2013
Operating margin
67.5%
78.1% a year earlier
FY2008FY2013
Net income
$106 million
+17.0% on the year
FY2008FY2013
Diluted EPS
$3.74
+14.7% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
118
93.3
83.7
+26.3%
Operating income
79.5
72.8
69.8
+9.1%
Operating margin
67.5%
78.1%
83.4%
Interest expense
9.2
3.5
3.8
+164.3%
Pre-tax income
75.9
67.9
59.6
+11.7%
Income tax
0.1
0.3
0.1
-55.8%
Effective tax rate
0.2%
0.4%
0.2%
Net income
106
90.7
81.1
+17.0%
Net margin
90.1%
97.2%
96.9%
Diluted EPS
$3.74
$3.26
$2.92
+14.7%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
104
86.3
76.9
+20.8%
Capital expenditure
655
111
75.8
+491.9%
Free cash flow
-550
-24.3
1.0
Free cash flow margin
-467.2%
-26.1%
1.3%
Cash from investing
-626
-99.8
-55.5
Cash from financing
524
6.8
-8.2
+7,568.7%
Share-based compensation
2.3
2.2
3.1
+7.9%
Dividends paid
85.1
78.9
67.9
+7.9%
Dividend per share
$2.90
$2.86
$2.71
+1.4%
Diluted shares, weighted
28m
28m
28m
+2.0%
Shares outstanding at period end
33m
28m
28m
+18.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
767
457
443
+67.7%
Non-controlling interest
10.6
10.9
n/a
-2.3%
Debt
617
203
97.3
+203.6%
Other liabilities
61.6
34.7
38.8
+77.5%
Total liabilities and equity
1,456
706
580
+106.2%
Fixed assets
1,248
n/a
n/a
Loans
60.6
84.2
78.7
-28.0%
Cash and equivalents
11.3
9.2
15.9
+23.3%
Receivables
2.5
1.8
1.2
+37.9%
Other assets
134
611
484
-78.1%
Total assets
1,456
706
580
+106.2%
10-K for the year ended 31 December 2013, filed 18 February 2014: the filing.