CTRE FY 2016 Earnings Report — CareTrust REIT, Inc. Revenue & Financial Results | Market Cap Arena

CareTrust REIT, Inc.CTRE

FY 2016 Earnings

Reported February 7, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$104M	—	$74M	—	40.5%
Op. Income	$52M	—	$34M	—	52.3%
Gross Margin	90.0%	—	89.4%	—	0.6pp
Net Margin	28.2%	—	13.6%	—	14.7pp
EPS (Diluted)	$0.52	—	$0.27	—	92.6%
Free Cash Flow	-$215M	—	-$193M	—	-11.5%

Revenue Flow

Item	Amount
REVENUE	$104M
Cost of Revenue	$10M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$32M
Operating Expenses	$41M
Cost & Expenses	$52M
OPERATING INCOME	$52M
Interest Income	$737.0K
Interest Expense	$23M
Other Income/Expenses	-$265.0K
INCOME BEFORE TAX	$29M
Income Tax Expense	$23M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$75M
EBIT	$52M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$104M
Cost of Revenue	$10M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$32M
Operating Expenses	$41M
Cost & Expenses	$52M
OPERATING INCOME	$52M
Interest Income	$737.0K
Interest Expense	$23M
Other Income/Expenses	-$265.0K
INCOME BEFORE TAX	$29M
Income Tax Expense	$23M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$75M
EBIT	$52M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$32M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	-$391.0K
OPERATING CASH FLOW	$64M
Capital Expenditure	-$279M
Acquisitions (Net)	$0
Purchases of Investments	-$5M
Sales/Maturities of Investments	$0
Other Investing Activities	-$280M
NET CASH FROM INVESTING	-$285M
Net Debt Issuance	$55M
Common Stock Repurchased	-$515.0K
Common Dividends Paid	-$37M
Other Financing Activities	$199M
NET CASH FROM FINANCING	$216M
FREE CASH FLOW	-$215M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$8M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$15M
PP&E (Net)	$894M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$14M
Tax Assets	$925M
Other Non-Current Assets	-$924M
TOTAL NON-CURRENT ASSETS	$911M
TOTAL ASSETS	$925M
Account Payables	$12M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$118M
Long-Term Debt	$450M
Deferred Revenue NC	$473M
Deferred Tax Liabilities	-$460M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$355M
TOTAL LIABILITIES	$473M
Common Stock	$648.0K
Additional Paid-In Capital	$611M
Retained Earnings	-$160M
Treasury Stock	$0
Accum. Other Comp. Income	$452M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$452M
Minority Interest	$442M
TOTAL EQUITY	$895M
TOTAL LIABILITIES & EQUITY	$925M
Total Debt	$450M
Net Debt	$442M