Welltower (WELL) FY2021 results: revenue $4.7 billion, up 3.0% on the year
Welltower Inc. (WELL) reported revenue of $4.7 billion for fiscal 2021, the year ended 31 December 2021, up 3.0% on the year before. Net income was $336 million, down 65.7%, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$4.7 billion
+3.0% on the year
FY2014FY2021
Operating margin
3.6%
-0.7% a year earlier
FY2014FY2021
Net income
$336 million
-65.7% on the year
FY2014FY2021
Diluted EPS
$0.78
-66.5% 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
1,275
1,365
1,536
-6.6%
Capital expenditure
283
245
329
+15.3%
Free cash flow
993
1,120
1,207
-11.3%
Free cash flow margin
20.9%
24.3%
23.6%
Cash from investing
-4,516
2,348
-2,049
Cash from financing
1,568
-2,081
577
Depreciation and amortisation
1,038
1,038
1,027
-0.1%
Share-based compensation
17.8
28.3
25.0
-37.1%
Buybacks
0.0
7.7
0.0
Dividends paid
1,037
1,120
1,405
-7.4%
Dividend per share
$2.44
$2.70
$3.48
-9.6%
Diluted shares, weighted
427m
417m
404m
+2.3%
Shares outstanding at period end
447m
417m
410m
+7.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
17,636
15,973
15,540
+10.4%
Non-controlling interest
961
909
966
+5.7%
Redeemable equity
401
343
476
+16.8%
Debt
14,131
13,799
14,915
+2.4%
Other liabilities
1,781
1,460
1,483
+22.0%
Total liabilities and equity
34,910
32,484
33,381
+7.5%
Goodwill
68.3
68.3
68.3
0.0%
Intangible assets
503
323
436
+56.1%
Cash and equivalents
269
1,545
285
-82.6%
Other assets
34,069
30,548
32,592
+11.5%
Total assets
34,910
32,484
33,381
+7.5%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.