Omega Healthcare Investors (OHI) FY2017 results: revenue $908 million, up 0.8% on the year
Omega Healthcare Investors Inc. (OHI) reported revenue of $908 million for fiscal 2017, the year ended 31 December 2017, up 0.8% on the year before. Net income was $100 million, down 72.6%, and diluted earnings per share $0.51. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$908 million
+0.8% on the year
FY2010FY2017
Operating margin
34.7%
62.2% a year earlier
FY2010FY2017
Net income
$100 million
-72.6% on the year
FY2010FY2017
Diluted EPS
$0.51
-73.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
908
901
744
+0.8%
Operating income
315
560
411
-43.7%
Operating margin
34.7%
62.2%
55.3%
Interest expense
189
164
147
+15.0%
Pre-tax income
106
384
235
-72.4%
Income tax
3.2
1.4
1.2
+131.2%
Effective tax rate
3.1%
0.4%
0.5%
Net income
100
366
225
-72.6%
Net margin
11.1%
40.7%
30.2%
Diluted EPS
$0.51
$1.90
$1.29
-73.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
578
626
464
-7.7%
Capital expenditure
37.8
40.5
26.4
-6.7%
Free cash flow
540
585
437
-7.7%
Free cash flow margin
59.5%
65.0%
58.8%
Cash from investing
-285
-1,114
-397
Cash from financing
-304
576
-65.3
Depreciation and amortisation
288
267
211
+7.7%
Share-based compensation
15.2
13.8
11.1
+10.3%
Dividends paid
503
453
358
+10.9%
Dividend per share
$2.54
$2.36
$2.18
+7.6%
Diluted shares, weighted
207m
202m
181m
+2.6%
Shares outstanding at period end
198m
196m
187m
+1.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,555
3,859
3,738
-7.9%
Non-controlling interest
333
353
363
-5.7%
Debt
4,572
4,367
3,569
+4.7%
Other liabilities
313
370
320
-15.5%
Total liabilities and equity
8,773
8,949
7,990
-2.0%
Goodwill
645
643
646
+0.2%
Cash and equivalents
85.9
93.7
5.4
-8.3%
Other assets
8,043
8,212
7,339
-2.1%
Total assets
8,773
8,949
7,990
-2.0%
10-K for the year ended 31 December 2017, filed 26 February 2019: the filing.