Ventas (VTR) FY2021 results: revenue $3.8 billion, up 0.9% on the year
Ventas, Inc. (VTR) reported revenue of $3.8 billion for fiscal 2021, the year ended 31 December 2021, up 0.9% on the year before. Net income was $49 million, down 88.8%, and diluted earnings per share $0.13. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$3.8 billion
+0.9% on the year
FY2014FY2021
Operating margin
-4.2%
2.1% a year earlier
FY2014FY2021
Net income
$49 million
-88.8% on the year
FY2014FY2021
Diluted EPS
$0.13
-88.9% on the year
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
1,026
1,450
1,438
-29.2%
Capital expenditure
1,802
607
157
+196.7%
Free cash flow
-776
843
1,281
Free cash flow margin
-20.3%
22.2%
33.1%
Cash from investing
-724
154
-1,585
Cash from financing
-558
-1,300
161
Depreciation and amortisation
1,197
1,110
1,046
+7.9%
Share-based compensation
32.0
21.5
33.9
+48.8%
Dividends paid
687
929
1,158
-26.0%
Dividend per share
$1.80
$2.14
$3.17
-16.0%
Diluted shares, weighted
386m
377m
370m
+2.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
10,854
10,180
10,446
+6.6%
Non-controlling interest
91.4
98.0
99.6
-6.8%
Redeemable equity
280
235
274
+19.0%
Debt
12,028
11,895
12,159
+1.1%
Other liabilities
1,464
1,520
1,714
-3.7%
Total liabilities and equity
24,718
23,929
24,692
+3.3%
Goodwill
1,046
1,052
1,051
-0.5%
Securities held for sale or to maturity
0.0
238
237
Cash and equivalents
150
413
106
-63.8%
Other assets
23,522
22,227
23,297
+5.8%
Total assets
24,718
23,929
24,692
+3.3%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.