WELL FY 2016 Earnings Report — Welltower Inc. Revenue & Financial Results | Market Cap Arena

Welltower Inc.WELL

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	$4.3B	—	—	—	—
Op. Income	$1.3B	—	—	—	—
Gross Margin	55.9%	—	—	—	—
Net Margin	25.4%	—	—	—	—
EPS (Diluted)	$2.81	—	—	—	—
Free Cash Flow	$1.6B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$155M
SG&A Expenses	$155M
Other Expenses	$911M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$1.3B
Interest Income	$98M
Interest Expense	$521M
Other Income/Expenses	-$609M
INCOME BEFORE TAX	$699M
Income Tax Expense	-$19M
Net Income from Continuing Ops	$718M
Net Income from Discontinued Ops	$0
Other Adjustments	$364M
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$910M
EBIT	$1.2B
EBITDA	$2.1B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$155M
SG&A Expenses	$155M
Other Expenses	$911M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$1.3B
Interest Income	$98M
Interest Expense	$521M
Other Income/Expenses	-$609M
INCOME BEFORE TAX	$699M
Income Tax Expense	-$19M
Net Income from Continuing Ops	$718M
Net Income from Discontinued Ops	$0
Other Adjustments	$364M
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$910M
EBIT	$1.2B
EBITDA	$2.1B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$910M
Stock-Based Compensation	$29M
Deferred Income Tax	-$290M
Other Non-Cash Items	-$88M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$17M
Acquisitions (Net)	-$2.1B
Purchases of Investments	-$760M
Sales/Maturities of Investments	$2.6B
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$310M
Net Debt Issuance	$400M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.3B
Other Financing Activities	-$886M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.6B
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$419M
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$188M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$24.5B
Goodwill	$68M
Intangible Assets	$0
Long-Term Investments	$457M
Tax Assets	$0
Other Non-Current Assets	$25.9B
TOTAL NON-CURRENT ASSETS	$26.5B
TOTAL ASSETS	$28.9B
Account Payables	$0
Short-Term Debt	$645M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$11.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$11.7B
TOTAL LIABILITIES	$13.2B
Common Stock	$363M
Additional Paid-In Capital	$17.0B
Retained Earnings	-$3.3B
Treasury Stock	-$55M
Accum. Other Comp. Income	-$170M
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$14.8B
Minority Interest	$874M
TOTAL EQUITY	$15.7B
TOTAL LIABILITIES & EQUITY	$28.9B
Total Debt	$12.4B
Net Debt	$11.9B