NNN REIT (NNN) FY2020 results: revenue $661 million, down 1.5% on the year
NNN REIT, Inc. (NNN) reported revenue of $661 million for fiscal 2020, the year ended 31 December 2020, down 1.5% on the year before. Net income was $229 million, down 23.5%, and diluted earnings per share $1.22. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2021.
Revenue
$661 million
-1.5% on the year
FY2013FY2020
Operating margin
56.7%
62.2% a year earlier
FY2013FY2020
Net income
$229 million
-23.5% on the year
FY2013FY2020
Diluted EPS
$1.22
-21.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
661
670
623
-1.5%
Operating income
374
417
425
-10.1%
Operating margin
56.7%
62.2%
68.2%
Interest expense
129
120
116
+7.8%
Income tax
0.0
0.0
0.0
Net income
229
299
292
-23.5%
Net margin
34.6%
44.6%
47.0%
Diluted EPS
$1.22
$1.56
$1.65
-21.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
450
502
472
-10.3%
Cash from investing
-143
-619
-609
Cash from financing
-41.3
4.5
250
Depreciation and amortisation
197
189
174
+4.1%
Share-based compensation
14,213
10,737
9.3
+32.4%
Dividends paid
356
334
303
+6.8%
Dividend per share
$2.07
$2.03
$1.95
+2.0%
Diluted shares, weighted
172m
165m
156m
+4.3%
Shares outstanding at period end
175m
172m
162m
+2.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
4,319
4,332
4,154
-0.3%
Non-controlling interest
0.0
0.0
0.4
-42.9%
Debt
3,210
2,988
2,839
+7.4%
Other liabilities
109
115
110
-5.1%
Total liabilities and equity
7,638
7,435
7,103
+2.7%
Cash and equivalents
267
1.1
114
+23,932.0%
Other assets
7,371
7,434
6,989
-0.8%
Total assets
7,638
7,435
7,103
+2.7%
10-K for the year ended 31 December 2020, filed 11 February 2021: the filing.