NNN REIT (NNN) FY2019 results: revenue $670 million, up 7.7% on the year
NNN REIT, Inc. (NNN) reported revenue of $670 million for fiscal 2019, the year ended 31 December 2019, up 7.7% on the year before. Net income was $299 million, up 2.3%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2020.
Revenue
$670 million
+7.7% on the year
FY2012FY2019
Operating margin
62.2%
68.2% a year earlier
FY2012FY2019
Net income
$299 million
+2.3% on the year
FY2012FY2019
Diluted EPS
$1.56
-5.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
670
623
585
+7.7%
Operating income
417
425
374
-1.9%
Operating margin
62.2%
68.2%
64.0%
Interest expense
120
116
109
+3.6%
Pre-tax income
n/a
n/a
229
Income tax
0.0
0.0
0.0
Effective tax rate
n/a
n/a
0.0%
Net income
299
292
265
+2.3%
Net margin
44.6%
47.0%
45.3%
Diluted EPS
$1.56
$1.65
$1.45
-5.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
502
472
422
+6.3%
Cash from investing
-619
-609
-626
Cash from financing
4.5
250
-89.2
-98.2%
Depreciation and amortisation
189
174
174
+8.3%
Share-based compensation
10,737
9.3
13.0
+115,575.5%
Dividends paid
334
303
277
+10.1%
Dividend per share
$2.03
$1.95
$1.86
+4.1%
Diluted shares, weighted
165m
156m
149m
+5.6%
Shares outstanding at period end
172m
162m
154m
+6.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
4,332
4,154
3,841
+4.3%
Non-controlling interest
0.0
0.4
0.3
-98.0%
Debt
2,988
2,839
2,580
+5.3%
Other liabilities
115
110
139
+4.3%
Total liabilities and equity
7,435
7,103
6,561
+4.7%
Cash and equivalents
1.1
114
1.4
-99.0%
Other assets
7,434
6,989
6,559
+6.4%
Total assets
7,435
7,103
6,561
+4.7%
10-K for the year ended 31 December 2019, filed 11 February 2020: the filing.