Omega Healthcare Investors (OHI) FY2023 results: revenue $950 million, up 8.1% on the year
Omega Healthcare Investors Inc. (OHI) reported revenue of $950 million for fiscal 2023, the year ended 31 December 2023, up 8.1% on the year before. Net income was $242 million, down 43.3%, and diluted earnings per share $1.00. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2024.
Revenue
$950 million
+8.1% on the year
FY2016FY2023
Operating margin
16.4%
8.9% a year earlier
FY2016FY2023
Net income
$242 million
-43.3% on the year
FY2016FY2023
Diluted EPS
$1.00
-44.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
618
626
722
-1.3%
Capital expenditure
38.0
47.2
44.9
-19.5%
Free cash flow
580
579
677
+0.2%
Free cash flow margin
61.0%
65.9%
63.7%
Cash from investing
-0.8
443
-524
Cash from financing
-473
-789
-341
Depreciation and amortisation
320
332
342
-3.8%
Share-based compensation
35.1
27.3
21.4
+28.4%
Buybacks
n/a
142
n/a
Dividends paid
644
633
638
+1.7%
Dividend per share
$2.68
$2.68
$2.68
0.0%
Diluted shares, weighted
250m
244m
244m
+2.5%
Shares outstanding at period end
245m
234m
239m
+4.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,575
3,609
3,907
-1.0%
Non-controlling interest
188
194
201
-3.2%
Debt
5,067
5,287
5,254
-4.2%
Other liabilities
288
315
277
-8.7%
Total liabilities and equity
9,117
9,405
9,638
-3.1%
Goodwill
644
643
651
+0.1%
Intangible assets
0.7
1.4
1.6
-52.8%
Loans
1,212
1,043
n/a
+16.2%
Cash and equivalents
443
297
20.5
+49.0%
Other assets
6,818
7,421
8,965
-8.1%
Total assets
9,117
9,405
9,638
-3.1%
10-K for the year ended 31 December 2023, filed 12 February 2024: the filing.