Sabra Health Care REIT (SBRA) FY2017 results: revenue $408 million, up 56.7% on the year
Sabra Health Care REIT, Inc. (SBRA) reported revenue of $408 million for fiscal 2017, the year ended 31 December 2017, up 56.7% on the year before. Net income was $158 million, up 125.4%, and diluted earnings per share $1.40. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$408 million
+56.7% on the year
FY2011FY2017
Operating margin
n/a
FY2011FY2017
Net income
$158 million
+125.4% on the year
FY2011FY2017
Diluted EPS
$1.40
+52.2% on the year
FY2011FY2017
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
408
261
239
+56.7%
Interest expense
88.4
64.9
59.2
+36.3%
Pre-tax income
159
71.3
80.1
+123.2%
Income tax
0.7
1.0
0.7
-37.9%
Effective tax rate
0.4%
1.5%
0.9%
Net income
158
70.3
79.4
+125.4%
Net margin
38.8%
27.0%
33.2%
Diluted EPS
$1.40
$0.92
$1.11
+52.2%
$ 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
136
176
121
-22.8%
Cash from investing
-183
142
-489
Cash from financing
599
-301
314
Depreciation and amortisation
114
68.5
63.1
+66.3%
Share-based compensation
8.4
7.5
6.1
+11.5%
Dividends paid
182
119
110
+52.7%
Dividend per share
$1.73
$1.67
$1.60
+3.6%
Diluted shares, weighted
106m
66m
62m
+61.5%
Shares outstanding at period end
178m
65m
65m
+173.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,433
1,016
1,054
+238.0%
Non-controlling interest
4.4
0.0
0.1
+12,591.4%
Debt
3,394
1,211
1,398
+180.4%
Other liabilities
201
39.6
17.1
+405.9%
Total liabilities and equity
7,032
2,266
2,469
+210.3%
Intangible assets
167
26.2
n/a
+536.6%
Loans
65.9
50.8
270
+29.6%
Cash and equivalents
519
25.7
7.4
+1,920.9%
Other assets
6,281
2,163
2,191
+190.3%
Total assets
7,032
2,266
2,469
+210.3%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.