SBRA FY 2016 Earnings Report — Sabra Health Care REIT, Inc. Revenue & Financial Results | Market Cap Arena

Sabra Health Care REIT, Inc.SBRA

FY 2016 Earnings

Reported February 22, 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	$261M	—	$239M	—	9.1%
Op. Income	$161M	—	$137M	—	17.9%
Gross Margin	97.8%	—	98.9%	—	-1.1pp
Net Margin	27.0%	—	33.2%	—	-6.3pp
EPS (Diluted)	$0.92	—	$1.11	—	-17.1%
Free Cash Flow	$177M	—	$121M	—	45.9%

Revenue Flow

Item	Amount
REVENUE	$261M
Cost of Revenue	$6M
GROSS PROFIT	$255M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$11M
Operating Expenses	$94M
Cost & Expenses	$100M
OPERATING INCOME	$161M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$70M
Income Tax Expense	$75M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$93M
EBIT	$136M
EBITDA	$285M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$261M
Cost of Revenue	$6M
GROSS PROFIT	$255M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$11M
Operating Expenses	$94M
Cost & Expenses	$100M
OPERATING INCOME	$161M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$70M
Income Tax Expense	$75M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$93M
EBIT	$136M
EBITDA	$285M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$68M
Stock-Based Compensation	$7M
Deferred Income Tax	$42M
Other Non-Cash Items	-$18M
Change in Working Capital	$6M
OPERATING CASH FLOW	$177M
Capital Expenditure	$0
Acquisitions (Net)	-$7M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$314M
Other Investing Activities	$157M
NET CASH FROM INVESTING	$142M
Net Debt Issuance	-$174M
Common Stock Repurchased	$0
Common Dividends Paid	-$119M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$301M
FREE CASH FLOW	$177M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$256M
PP&E (Net)	$2.0B
Goodwill	$0
Intangible Assets	$26M
Long-Term Investments	$45M
Tax Assets	$2.3B
Other Non-Current Assets	-$2.3B
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.3B
Account Payables	$40M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$644M
TOTAL CURRENT LIABILITIES	$40M
Long-Term Debt	$1.2B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	-$1.2B
Other Non-Current Liabilities	-$644M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.3B
Common Stock	$653.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	-$192M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$35.0K
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$1.2B
Net Debt	$1.2B