Omega Healthcare Investors (OHI) FY2014 results: revenue $505 million, up 20.6% on the year
Omega Healthcare Investors Inc. (OHI) reported revenue of $505 million for fiscal 2014, the year ended 31 December 2014, up 20.6% on the year before. Net income was $221 million, up 28.3%, and diluted earnings per share $1.74. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$505 million
+20.6% on the year
FY2008FY2014
Operating margin
68.4%
63.5% a year earlier
FY2008FY2014
Net income
$221 million
+28.3% on the year
FY2008FY2014
Diluted EPS
$1.74
+19.2% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
505
419
350
+20.6%
Operating income
345
266
215
+30.0%
Operating margin
68.4%
63.5%
61.3%
Interest expense
119
100
95.5
+18.9%
Pre-tax income
221
173
n/a
+28.3%
Net income
221
173
121
+28.3%
Net margin
43.8%
41.2%
34.4%
Diluted EPS
$1.74
$1.46
$1.12
+19.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
338
280
208
+20.6%
Capital expenditure
17.9
31.3
29.4
-42.8%
Free cash flow
320
249
179
+28.6%
Free cash flow margin
63.3%
59.4%
51.0%
Cash from investing
-548
-599
-391
Cash from financing
212
320
184
-33.6%
Depreciation and amortisation
123
129
113
-4.2%
Share-based compensation
8.6
5.9
5.9
+44.6%
Dividends paid
259
218
182
+18.5%
Dividend per share
$2.02
$1.86
$1.69
+8.6%
Diluted shares, weighted
127m
118m
108m
+7.8%
Shares outstanding at period end
128m
124m
112m
+3.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,401
1,300
1,011
+7.8%
Debt
2,379
2,024
1,825
+17.5%
Other liabilities
142
138
146
+3.0%
Total liabilities and equity
3,922
3,462
2,982
+13.3%
Cash and equivalents
4.5
2.6
1.7
+71.6%
Other assets
3,917
3,460
2,980
+13.2%
Total assets
3,922
3,462
2,982
+13.3%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.