LTC Properties (LTC) Financial Statements
Price: $36.1
Market Cap: $1.66B
Avg Volume: 360.31K
Market Cap: $1.66B
Avg Volume: 360.31K
Country: US
Industry: REIT - Healthcare Facilities
Sector: Real Estate
Industry: REIT - Healthcare Facilities
Sector: Real Estate
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of LTC Properties.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $209.85M | $197.24M | $175.15M | $155.32M | $159.34M | $185.30M | $168.65M | $168.06M | $161.58M | $136.20M |
| Cost of Revenue | $12.93M | $14.41M | $15.49M | $15.39M | $15.06M | $16.75M | $30.20M | $29.95M | $26.44M | $17.50M |
| Gross Profit | $196.92M | $182.83M | $159.67M | $139.93M | $144.27M | $168.55M | $138.45M | $138.12M | $135.14M | $118.71M |
| Gross Profit Ratio | 93.84% | 92.69% | 91.16% | 90.09% | 90.55% | 90.96% | 82.09% | 82.18% | 83.64% | 87.15% |
| Research and Development Expenses | $- | $- | $1 | $0 | $1 | $0 | $1 | $1 | $1 | $- |
| General and Administrative Expenses | $27.24M | $24.29M | $23.71M | $21.46M | $19.71M | $18.45M | $19.19M | $17.51M | $17.41M | $15.12M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $27.24M | $24.29M | $23.71M | $21.46M | $19.71M | $18.45M | $19.19M | $17.51M | $17.41M | $15.12M |
| Other Expenses | $77.24M | $69.73M | $39.02M | $39.32M | $39.07M | $39.38M | $37.64M | $37.40M | $36.39M | $30.05M |
| Operating Expenses | $104.48M | $94.02M | $62.73M | $60.78M | $58.78M | $57.84M | $56.84M | $54.92M | $53.80M | $45.17M |
| Cost and Expenses | $117.41M | $107.29M | $78.22M | $76.17M | $73.84M | $74.59M | $56.84M | $54.92M | $53.80M | $45.17M |
| Interest Income | $- | $- | $26.89M | $25.99M | $27.86M | $28.02M | $- | $- | $- | $- |
| Interest Expense | $40.34M | $47.01M | $31.44M | $27.38M | $29.70M | $30.58M | $30.20M | $29.95M | $26.44M | $17.50M |
| Depreciation and Amortization | $36.37M | $37.42M | $80.18M | $81.97M | $131.34M | $77.14M | $89.07M | $58.94M | $82.20M | $29.43M |
| EBITDA | $171.58M | $175.89M | $136.58M | $93.10M | $134.70M | $121.09M | $189.77M | $118.87M | $116.33M | $100.11M |
| EBITDA Ratio | 81.77% | 89.17% | 77.98% | 59.94% | 84.54% | 65.35% | 112.52% | 70.73% | 71.99% | 73.50% |
| Operating Income | $92.44M | $89.96M | $99.08M | $80.57M | $95.63M | $113.10M | $152.21M | $81.26M | $80.39M | $70.68M |
| Operating Income Ratio | 44.05% | 45.61% | 56.57% | 51.87% | 60.02% | 61.04% | 90.26% | 48.35% | 49.75% | 51.89% |
| Total Other Income Expenses Net | $-1.40M | $1.50M | $1.50M | $1.42M | $47.00K | $-1.00M | $2.86M | $2.26M | $1.14M | $2.40M |
| Income Before Tax | $91.04M | $91.46M | $100.58M | $56.22M | $95.68M | $80.87M | $155.08M | $87.34M | $85.11M | $73.08M |
| Income Before Tax Ratio | 43.38% | 46.37% | 57.43% | 36.20% | 60.05% | 43.64% | 91.95% | 51.97% | 52.68% | 53.66% |
| Income Tax Expense | $- | $- | $-364.00K | $29.16M | $29.76M | $33.32M | $33.06M | $32.21M | $27.58M | $19.32M |
| Net Income | $91.04M | $89.73M | $100.02M | $27.07M | $65.91M | $47.56M | $154.98M | $87.34M | $85.11M | $73.08M |
| Net Income Ratio | 43.38% | 45.49% | 57.11% | 17.43% | 41.37% | 25.66% | 91.90% | 51.97% | 52.68% | 53.66% |
| EPS | $2.10 | $2.16 | $2.49 | $0.69 | $1.68 | $1.20 | $3.93 | $2.21 | $2.21 | $1.97 |
| EPS Diluted | $2.07 | $2.16 | $2.48 | $0.69 | $1.68 | $1.20 | $3.89 | $2.20 | $2.21 | $1.94 |
| Weighted Average Shares Outstanding | 43.74M | 41.27M | 39.89M | 39.16M | 39.18M | 39.57M | 39.48M | 39.41M | 38.39M | 35.59M |
| Weighted Average Shares Outstanding Diluted | 44.24M | 41.36M | 40.07M | 39.16M | 39.26M | 39.76M | 39.84M | 39.64M | 38.60M | 37.33M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $9.41M | $20.29M | $10.38M | $5.16M | $7.77M | $4.24M | $2.66M | $5.21M | $7.99M | $12.94M |
| Short Term Investments | $925.85M | $- | $19.34M | $1.03B | $1.10B | $1.14B | $1.11B | $1.09B | $1.03B | $947.42M |
| Cash and Short Term Investments | $935.26M | $20.29M | $10.38M | $5.16M | $7.77M | $4.24M | $2.66M | $5.21M | $7.99M | $12.94M |
| Net Receivables | $439.63M | $19.63M | $126.23M | $24.15M | $71.66M | $90.22M | $107.30M | $95.94M | $81.39M | $49.18M |
| Inventory | $- | $18.39M | $13.02M | $- | $- | $61.97M | $5.75M | $3.83M | $- | $1 |
| Other Current Assets | $15.89M | $310.48M | $476.83M | $4.19M | $5.32M | $- | $6.09M | $247.62M | $22.95M | $21.44M |
| Total Current Assets | $1.37B | $368.79M | $624.14M | $445.80M | $342.00M | $380.53M | $362.82M | $352.60M | $342.13M | $301.10M |
| Property Plant Equipment Net | $- | $969.57M | $1.01B | $1.03B | $1.10B | $1.11B | $1.10B | $1.08B | $1.03B | $947.42M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $-1.66B | $-1.50B | $-1.46B | $-1.51B | $-1.51B | $-1.47B | $-2.42B | $- |
| Long Term Investments | $- | $19.34M | $19.34M | $19.34M | $11.34M | $19.00M | $30.61M | $29.90M | $25.22M | $24.04M |
| Tax Assets | $- | $- | $1.66B | $1.50B | $1.46B | $1.51B | $1.51B | $1.47B | $1.39B | $- |
| Other Non-Current Assets | $957.19M | $1.56M | $4.11M | $5.74M | $3.79M | $4.72M | $17.43M | $810.00K | $1.03B | $2.87M |
| Total Non-Current Assets | $957.19M | $990.47M | $1.03B | $1.06B | $1.12B | $1.13B | $1.15B | $1.11B | $1.05B | $974.33M |
| Other Assets | $-545.94M | $495.84M | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.79B | $1.86B | $1.66B | $1.50B | $1.46B | $1.51B | $1.51B | $1.47B | $1.39B | $1.28B |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Short Term Debt | $584.79M | $- | $49.16M | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $- | $47.51M | $118.78M | $36.98M | $34.30M | $35.40M | $35.62M | $571.00M | $502.29M | $451.37M |
| Total Current Liabilities | $584.79M | $47.51M | $167.94M | $36.98M | $34.30M | $35.40M | $35.62M | $39.42M | $45.46M | $44.35M |
| Long Term Debt | $- | $891.32M | $718.69M | $722.72M | $649.38M | $693.39M | $645.03M | $667.50M | $609.39M | $571.87M |
| Deferred Revenue Non-Current | $- | $- | $805.80M | $759.70M | $683.68M | $728.78M | $680.65M | $706.92M | $654.85M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $-669.19M | $-662.53M | $-604.25M | $-634.32M | $-568.58M | $-605.77M | $-565.47M | $- |
| Other Non-Current Liabilities | $148.34M | $- | $-80.84M | $- | $- | $- | $- | $-531.58M | $-456.83M | $-407.02M |
| Total Non-Current Liabilities | $148.34M | $891.32M | $637.85M | $722.72M | $649.38M | $693.39M | $645.03M | $667.50M | $609.39M | $571.87M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $733.14M | $938.83M | $805.80M | $759.70M | $683.68M | $728.78M | $680.65M | $706.92M | $654.85M | $616.22M |
| Preferred Stock | $- | $- | $- | $- | $85.77M | $90.80M | $- | $- | $- | $- |
| Common Stock | $455.00K | $430.00K | $412.00K | $394.00K | $392.00K | $398.00K | $397.00K | $396.00K | $392.00K | $375.00K |
| Retained Earnings | $- | $-116.92M | $-111.89M | $-120.40M | $-85.77M | $-90.80M | $-37.62M | $-102.23M | $-99.35M | $-99.90M |
| Accumulated Other Comprehensive Income Loss | $3.81M | $6.11M | $8.72M | $-172.00K | $-85.77M | $-90.80M | $832.97M | $758.65M | $740.05M | $47.00K |
| Other Total Stockholders Equity | $956.36M | $991.66M | $931.12M | $856.89M | $852.78M | $867.35M | $862.71M | $856.99M | $839.00M | $758.68M |
| Total Stockholders Equity | $960.63M | $881.28M | $828.37M | $736.71M | $767.40M | $776.94M | $825.49M | $755.16M | $740.05M | $659.20M |
| Total Equity | $1.05B | $916.27M | $850.31M | $745.13M | $775.81M | $785.43M | $832.97M | $758.65M | $1.34B | $659.20M |
| Total Liabilities and Stockholders Equity | $1.79B | $1.86B | $1.66B | $1.50B | $1.46B | $1.51B | $1.51B | $1.47B | $1.39B | $1.28B |
| Minority Interest | $92.38M | $34.99M | $21.94M | $8.41M | $8.40M | $8.48M | $7.48M | $3.49M | $601.40M | $- |
| Total Liabilities and Total Equity | $1.79B | $1.86B | $1.66B | $1.50B | $1.46B | $1.51B | $1.51B | $1.47B | $1.39B | $1.28B |
| Total Investments | $925.85M | $19.34M | $38.68M | $19.34M | $11.34M | $19.00M | $30.61M | $1.12B | $1.05B | $971.46M |
| Total Debt | $584.79M | $891.32M | $767.85M | $722.72M | $649.38M | $693.39M | $645.03M | $667.50M | $609.39M | $571.87M |
| Net Debt | $575.38M | $871.03M | $757.48M | $717.56M | $641.61M | $689.14M | $642.37M | $662.29M | $601.40M | $558.93M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $94.88M | $91.46M | $100.58M | $56.22M | $95.68M | $80.87M | $155.08M | $87.34M | $85.11M | $73.08M |
| Depreciation and Amortization | $36.37M | $37.42M | $37.50M | $38.30M | $39.07M | $39.22M | $37.55M | $37.61M | $35.93M | $29.43M |
| Deferred Income Tax | $- | $- | $- | $-7.86M | $-39.38M | $4.16M | $-71.09M | $-3.51M | $-1.80M | $1.02M |
| Stock Based Compensation | $9.05M | $8.48M | $7.96M | $7.76M | $7.01M | $6.57M | $5.87M | $5.25M | $4.28M | $4.01M |
| Change in Working Capital | $- | $-14.90M | $-3.99M | $-4.29M | $-8.95M | $-6.80M | $-3.74M | $-14.79M | $-8.19M | $1.87M |
| Accounts Receivables | $- | $- | $-7.17M | $-6.78M | $-6.16M | $-5.85M | $-5.68M | $-5.37M | $-5.15M | $-3.94M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-3.08M | $-14.90M | $3.19M | $2.49M | $-2.79M | $-947.00K | $-3.74M | $-14.79M | $-8.19M | $1.87M |
| Other Non Cash Items | $-15.13M | $-18.06M | $-36.47M | $1.05M | $22.68M | $-1.55M | $-8.14M | $-6.60M | $-9.63M | $-7.06M |
| Net Cash Provided by Operating Activities | $125.17M | $104.40M | $105.59M | $91.18M | $116.10M | $122.47M | $115.53M | $105.31M | $105.71M | $102.34M |
| Investments in Property Plant and Equipment | $- | $- | $-8.99M | $-6.30M | $-354.00K | $-608.00K | $-1.25M | $-908.00K | $-1.41M | $-827.00K |
| Acquisitions Net | $- | $- | $50.00K | $-5.68M | $9.33M | $6.13M | $-670.00K | $-3.85M | $-1.77M | $-23.04M |
| Purchases of Investments | $- | $- | $-191.59M | $-110.98M | $-45.13M | $-100.72M | $-97.84M | $-121.51M | $-157.44M | $-324.80M |
| Sales Maturities of Investments | $- | $- | $80.64M | $47.50M | $96.33M | $25.18M | $98.73M | $33.30M | $25.75M | $6.34M |
| Other Investing Activities | $90.68M | $-174.91M | $-50.00K | $5.68M | $-16.24M | $-8.97M | $-1.69M | $-87.26M | $-136.72M | $-302.95M |
| Net Cash Used for Investing Activities | $90.68M | $-174.91M | $-119.95M | $-69.79M | $43.93M | $-78.99M | $-3.61M | $-92.01M | $-139.90M | $-326.82M |
| Debt Repayment | $-207.06M | $123.09M | $45.94M | $73.84M | $-44.16M | $48.23M | $-22.67M | $58.23M | $37.43M | $291.33M |
| Common Stock Issued | $82.40M | $53.78M | $68.16M | $- | $- | $- | $1.00M | $14.58M | $78.59M | $79.00K |
| Common Stock Repurchased | $- | $- | $- | $-3.57M | $-18.01M | $-2.05M | $- | $- | $- | $- |
| Dividends Paid | $-100.53M | $-94.76M | $-91.51M | $-90.49M | $-90.26M | $-90.90M | $-90.37M | $-90.22M | $-84.57M | $-76.77M |
| Other Financing Activities | $-1.54M | $-1.69M | $-3.01M | $-7.36M | $-4.07M | $-1.33M | $-342.00K | $1.34M | $-2.22M | $-2.38M |
| Net Cash Used Provided by Financing Activities | $-226.72M | $80.42M | $19.58M | $-24.01M | $-156.50M | $-44.00M | $-112.38M | $-16.07M | $29.24M | $212.18M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-10.87M | $9.91M | $5.22M | $-2.61M | $3.53M | $-520.00K | $-449.00K | $-2.78M | $-4.95M | $-12.29M |
| Cash at End of Period | $9.41M | $20.29M | $10.38M | $5.16M | $7.77M | $4.24M | $4.76M | $5.21M | $7.99M | $12.94M |
| Cash at Beginning of Period | $20.29M | $10.38M | $5.16M | $7.77M | $4.24M | $4.76M | $5.21M | $7.99M | $12.94M | $25.24M |
| Operating Cash Flow | $125.17M | $104.40M | $105.59M | $91.18M | $116.10M | $122.47M | $115.53M | $105.31M | $105.71M | $102.34M |
| Capital Expenditure | $- | $- | $-8.99M | $-6.30M | $-354.00K | $-608.00K | $-1.25M | $-908.00K | $-1.41M | $-827.00K |
| Free Cash Flow | $125.17M | $104.40M | $96.59M | $84.89M | $115.75M | $121.86M | $114.29M | $104.40M | $104.30M | $101.51M |