Safehold (SAFE) FY2021 results: revenue $187 million, down 42.3% on the year
Safehold Inc. (SAFE) reported revenue of $187 million for fiscal 2021, the year ended 31 December 2021, down 42.3% on the year before. Net income was $73 million, and diluted earnings per share $1.32. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$187 million
-42.3% on the year
FY2014FY2021
Operating margin
35.0%
-46.3% a year earlier
FY2014FY2021
Net income
$73 million
FY2014FY2021
Diluted EPS
$1.32
FY2014FY2021
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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
26.9
21.9
-45.6
+23.0%
Capital expenditure
6.8
15.8
39.9
-57.2%
Free cash flow
20.2
6.1
-85.6
+231.1%
Free cash flow margin
10.8%
1.9%
-31.3%
Cash from investing
-1,288
31.2
-398
Cash from financing
1,203
-255
-179
Depreciation and amortisation
59.3
58.1
58.3
+2.1%
Share-based compensation
1.8
39.4
30.4
-95.6%
Buybacks
123
54.6
68.3
+124.7%
Dividends paid
34.8
32.7
25.1
+6.5%
Dividend per share
$0.48
$0.43
$0.39
+12.8%
Diluted shares, weighted
55m
76m
81m
-27.0%
Shares outstanding at period end
69m
74m
78m
-6.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
851
871
1,040
-2.3%
Non-controlling interest
212
193
198
+9.6%
Debt
2,572
2,569
3,387
+0.1%
Other liabilities
1,205
1,228
460
-1.9%
Total liabilities and equity
4,841
4,862
5,085
-0.4%
Intangible assets
1.2
2.5
175
-51.4%
Cash and equivalents
29.6
98.6
307
-70.0%
Other assets
4,810
4,761
4,603
+1.0%
Total assets
4,841
4,862
5,085
-0.4%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.