Safehold (SAFE) FY2022 results: revenue $270 million, up 44.5% on the year
Safehold Inc. (SAFE) reported revenue of $270 million for fiscal 2022, the year ended 31 December 2022, up 44.5% on the year before. Net income was $135 million, up 85.2%, and diluted earnings per share $2.17. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$270 million
+44.5% on the year
FY2015FY2022
Operating margin
50.2%
35.0% a year earlier
FY2015FY2022
Net income
$135 million
+85.2% on the year
FY2015FY2022
Diluted EPS
$2.17
+64.4% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
64.9
26.9
21.9
+140.9%
Capital expenditure
1.2
6.8
15.8
-82.6%
Free cash flow
63.7
20.2
6.1
+215.9%
Free cash flow margin
23.6%
10.8%
1.9%
Cash from investing
-1,146
-1,288
31.2
Cash from financing
1,091
1,203
-255
-9.3%
Depreciation and amortisation
5.5
59.3
58.1
-90.8%
Share-based compensation
1.5
1.8
39.4
-11.7%
Buybacks
n/a
123
54.6
Dividends paid
30.2
34.8
32.7
-13.1%
Dividend per share
$0.38
$0.48
$0.43
-22.7%
Diluted shares, weighted
62m
55m
76m
+12.9%
Shares outstanding at period end
87m
69m
74m
+25.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,142
851
871
+151.6%
Non-controlling interest
4.1
212
193
-98.1%
Redeemable equity
19.0
n/a
n/a
Debt
3,521
2,572
2,569
+36.9%
Other liabilities
165
1,205
1,228
-86.3%
Total liabilities and equity
5,851
4,841
4,862
+20.9%
Intangible assets
218
1.2
2.5
+17,914.5%
Cash and equivalents
20.1
29.6
98.6
-32.3%
Other assets
5,613
4,810
4,761
+16.7%
Total assets
5,851
4,841
4,862
+20.9%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.