Ventas (VTR) FY2023 results: revenue $4.5 billion, up 8.9% on the year
Ventas, Inc. (VTR) reported revenue of $4.5 billion for fiscal 2023, the year ended 31 December 2023, up 8.9% on the year before. Net income was -$41 million, and diluted earnings per share $-0.10. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$4.5 billion
+8.9% on the year
FY2016FY2023
Operating margin
-2.6%
-2.3% a year earlier
FY2016FY2023
Net income
-$41 million
FY2016FY2023
Diluted EPS
-$0.10
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
1,120
1,120
1,026
-0.0%
Capital expenditure
649
901
1,802
-27.9%
Free cash flow
470
219
-776
+114.3%
Free cash flow margin
10.5%
5.3%
-20.3%
Cash from investing
-185
-859
-724
Cash from financing
-544
-284
-558
Depreciation and amortisation
1,392
1,198
1,197
+16.3%
Share-based compensation
31.0
30.7
32.0
+0.9%
Dividends paid
724
720
687
+0.4%
Dividend per share
$1.80
$1.80
$1.80
0.0%
Diluted shares, weighted
406m
403m
386m
+0.5%
Shares outstanding at period end
402m
400m
n/a
+0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
9,488
10,153
10,854
-6.5%
Non-controlling interest
56.3
68.7
91.4
-18.0%
Redeemable equity
303
265
280
+14.4%
Debt
13,491
12,297
12,028
+9.7%
Other liabilities
1,387
1,375
1,464
+0.9%
Total liabilities and equity
24,725
24,158
24,718
+2.3%
Goodwill
1,045
1,044
1,046
+0.1%
Securities held for sale or to maturity
n/a
n/a
0.0
Cash and equivalents
509
123
150
+315.1%
Receivables
76.1
n/a
n/a
Other assets
23,095
22,991
23,522
+0.5%
Total assets
24,725
24,158
24,718
+2.3%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.