CTRE FY 2018 Earnings Report — CareTrust REIT, Inc. Revenue & Financial Results | Market Cap Arena

CareTrust REIT, Inc.CTRE

FY 2018 Earnings

Reported February 13, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$155M	—	$131M	—	18.5%
Op. Income	$82M	—	$57M	—	43.1%
Gross Margin	90.4%	—	90.1%	—	0.3pp
Net Margin	37.3%	—	19.7%	—	17.5pp
EPS (Diluted)	$0.73	—	$0.36	—	102.8%
Free Cash Flow	-$8M	—	-$201M	—	95.9%

Revenue Flow

Item	Amount
REVENUE	$155M
Cost of Revenue	$15M
GROSS PROFIT	$140M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$46M
Operating Expenses	$58M
Cost & Expenses	$73M
OPERATING INCOME	$82M
Interest Income	$2M
Interest Expense	$28M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$58M
Income Tax Expense	$4M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$101M
EBIT	$84M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$155M
Cost of Revenue	$15M
GROSS PROFIT	$140M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$46M
Operating Expenses	$58M
Cost & Expenses	$73M
OPERATING INCOME	$82M
Interest Income	$2M
Interest Expense	$28M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$58M
Income Tax Expense	$4M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$101M
EBIT	$84M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$46M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	-$3M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$99M
Capital Expenditure	-$108M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$115M
NET CASH FROM INVESTING	-$115M
Net Debt Issuance	-$70M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$63M
Other Financing Activities	$180M
NET CASH FROM FINANCING	$46M
FREE CASH FLOW	-$8M
Net Change in Cash	$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$0
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$57M
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$18M
Tax Assets	$1.3B
Other Non-Current Assets	-$1.3B
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.3B
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$129M
Long-Term Debt	$490M
Deferred Revenue NC	$524M
Deferred Tax Liabilities	-$475M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$395M
TOTAL LIABILITIES	$524M
Common Stock	$859.0K
Additional Paid-In Capital	$966M
Retained Earnings	-$198M
Treasury Stock	$0
Accum. Other Comp. Income	$768M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$768M
Minority Interest	$453M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$490M
Net Debt	$453M