WELL FY 2014 Earnings Report — Welltower Inc. Revenue & Financial Results | Market Cap Arena

Welltower Inc.WELL

FY 2014 Earnings

Reported February 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.3B	—	—	—	—
Op. Income	$945M	—	—	—	—
Gross Margin	57.9%	—	—	—	—
Net Margin	15.4%	—	—	—	—
EPS (Diluted)	$1.43	—	—	—	—
Free Cash Flow	$1.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$143M
SG&A Expenses	$143M
Other Expenses	$844M
Operating Expenses	$987M
Cost & Expenses	$2.4B
OPERATING INCOME	$945M
Interest Income	$38M
Interest Expense	$481M
Other Income/Expenses	-$588M
INCOME BEFORE TAX	$357M
Income Tax Expense	-$1M
Net Income from Continuing Ops	$358M
Net Income from Discontinued Ops	$7M
Other Adjustments	$147M
NET INCOME	$512M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447M
D&A	$852M
EBIT	$865M
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$143M
SG&A Expenses	$143M
Other Expenses	$844M
Operating Expenses	$987M
Cost & Expenses	$2.4B
OPERATING INCOME	$945M
Interest Income	$38M
Interest Expense	$481M
Other Income/Expenses	-$588M
INCOME BEFORE TAX	$357M
Income Tax Expense	-$1M
Net Income from Continuing Ops	$358M
Net Income from Discontinued Ops	$7M
Other Adjustments	$147M
NET INCOME	$512M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447M
D&A	$852M
EBIT	$865M
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$512M
Depreciation & Amortization	$852M
Stock-Based Compensation	$32M
Deferred Income Tax	-$109M
Other Non-Cash Items	-$75M
Change in Working Capital	-$74M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$7M
Acquisitions (Net)	-$2.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$445M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$412M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.0B
Other Financing Activities	-$417M
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	$1.1B
Net Change in Cash	$315M

Balance Sheet

Item	Amount
Cash & Equivalents	$474M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$80M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$21.8B
Goodwill	$68M
Intangible Assets	$0
Long-Term Investments	$744M
Tax Assets	$0
Other Non-Current Assets	$22.5B
TOTAL NON-CURRENT ASSETS	$23.3B
TOTAL ASSETS	$25.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$627M
Long-Term Debt	$10.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$10.8B
TOTAL LIABILITIES	$11.5B
Common Stock	$329M
Additional Paid-In Capital	$14.7B
Retained Earnings	-$2.8B
Treasury Stock	-$35M
Accum. Other Comp. Income	-$77M
Other Equity	$6M
TOTAL STOCKHOLDERS' EQUITY	$13.2B
Minority Interest	$384M
TOTAL EQUITY	$13.6B
TOTAL LIABILITIES & EQUITY	$25.0B
Total Debt	$10.8B
Net Debt	$10.3B