Omega Healthcare Investors (OHI) FY2013 results: revenue $419 million, up 19.5% on the year
Omega Healthcare Investors Inc. (OHI) reported revenue of $419 million for fiscal 2013, the year ended 31 December 2013, up 19.5% on the year before. Net income was $173 million, up 42.9%, and diluted earnings per share $1.46. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2014.
Revenue
$419 million
+19.5% on the year
FY2008FY2013
Operating margin
63.5%
61.3% a year earlier
FY2008FY2013
Net income
$173 million
+42.9% on the year
FY2008FY2013
Diluted EPS
$1.46
+30.4% 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
419
350
292
+19.5%
Operating income
266
215
138
+23.6%
Operating margin
63.5%
61.3%
47.2%
Interest expense
100
95.5
81.2
+5.1%
Pre-tax income
173
n/a
n/a
Net income
173
121
52.6
+42.9%
Net margin
41.2%
34.4%
18.0%
Diluted EPS
$1.46
$1.12
$0.46
+30.4%
$ 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
280
208
170
+34.4%
Capital expenditure
31.3
29.4
19.6
+6.5%
Free cash flow
249
179
150
+39.0%
Free cash flow margin
59.4%
51.0%
51.4%
Cash from investing
-599
-391
-258
Cash from financing
320
184
81.3
+74.0%
Depreciation and amortisation
129
113
100
+13.9%
Share-based compensation
5.9
5.9
6.0
0.0%
Buybacks
n/a
n/a
2.9
Dividends paid
218
182
162
+19.7%
Dividend per share
$1.86
$1.69
$1.55
+10.1%
Diluted shares, weighted
118m
108m
102m
+9.3%
Shares outstanding at period end
124m
112m
103m
+9.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,300
1,011
878
+28.6%
Debt
2,024
1,825
1,551
+10.9%
Other liabilities
138
146
127
-5.5%
Total liabilities and equity
3,462
2,982
2,557
+16.1%
Cash and equivalents
2.6
1.7
0.4
+52.9%
Other assets
3,460
2,980
2,557
+16.1%
Total assets
3,462
2,982
2,557
+16.1%
10-K for the year ended 31 December 2013, filed 11 February 2014: the filing.