LTC Properties, Inc.

LTC

LTCLTC Properties, Inc. US flag

New York Stock Exchange

35.06

USD

-0.88

- -

1.79BMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	84	92	105	119	136	162	168	169	185	159	155	175	197	210	263
+ Sales & Services Revenue	84	92	105	119	136	162	168	169	185	159	155	175	197	210	263
- Cost of Revenue	6	10	11	13	17	26	- -	- -	17	15	15	15	13	13	65
+ Cost of Goods & Services	6	10	11	13	17	26	- -	- -	17	15	15	15	13	13	65
Gross Profit	77	83	94	106	119	135	168	169	169	144	140	160	184	197	198
+ Other Operating Income	-6	-10	-11	-13	-17	-26	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	29	32	38	37	45	54	55	57	58	59	61	63	67	64	74
+ Selling, General & Admin	10	11	12	12	15	17	18	19	18	20	21	24	24	27	31
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	19	22	27	26	30	36	37	38	39	39	39	39	43	37	42
Operating Income (Loss)	55	60	67	82	91	108	113	112	111	85	79	97	117	133	124
- Non-Operating (Income) Loss	6	10	11	8	18	23	26	-43	30	-10	23	-4	25	38	- -
+ Interest Expense, Net	6	10	11	13	17	26	30	30	31	30	27	31	47	40	35
+ Interest Expense	6	10	11	13	17	26	30	30	31	30	27	31	47	40	35
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	-5	1	-4	-4	-73	-1	-40	-4	-35	-22	-3	-35
Pretax Income	49	50	55	73	73	85	87	155	81	96	56	101	91	95	124
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	49	50	55	73	73	85	87	155	81	96	56	101	91	95	124
- Net Extraordinary Losses (Gains)	- -	-1	-2	- -	- -	- -	- -	- -	1	1	1	1	3	8	12
+ Discontinued Operations	1	1	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-1	-2	-5	- -	- -	- -	- -	- -	1	1	1	1	3	8	12
Income (Loss) Incl. MI	49	51	58	73	73	85	87	155	80	95	55	99	88	87	112
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-2	-4	-6
Net Income, GAAP	49	51	58	73	73	85	87	155	81	95	56	100	90	91	118
- Preferred Dividends	9	3	3	3	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	40	48	55	70	71	85	87	155	81	95	56	100	90	91	118
EBIT	55	60	67	82	91	108	113	112	111	85	79	97	117	133	124
EBITDA	75	82	92	107	121	144	151	149	150	125	117	134	154	169	162
EBITDA Margin (%)	89.31	89.09	87.23	90.19	88.54	88.94	89.7	88.57	80.91	78.18	75.62	76.75	78.08	80.5	61.76
EBITA	55	60	67	82	91	108	113	112	111	85	79	97	117	133	124
Gross Margin (%)	92.31	89.26	89.17	88.96	87.15	83.64	100	100	90.96	90.55	90.09	91.16	93.27	93.84	75.32
Operating Margin (%)	65.84	65.13	63.7	68.73	66.93	66.7	67.32	66.3	59.75	53.66	50.96	55.34	59.11	63.17	47.35
Profit Margin (%)	58.9	55.46	55.08	61.7	53.66	52.68	51.97	91.9	43.46	59.81	35.96	57.11	45.49	43.38	44.88
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.94	1.91	2.02	2.15	2.16	2.2	2.29	2.29	2.3	2.3	2.31	2.29	2.3	2.3	2.32
Depreciation Expense	20	22	25	26	29	36	38	38	39	39	38	37	37	36	38
Basic Weighted Avg Shares	29	30	33	35	36	38	39	39	40	39	39	40	41	44	46
Basic EPS, GAAP	1.38	1.59	1.65	2.03	1.98	2.22	2.22	3.93	2.03	2.43	1.43	2.51	2.17	2.08	2.55
Basic EPS from Cont Ops	1.67	1.66	1.67	2.12	2.05	2.22	2.22	3.93	2.04	2.44	1.44	2.52	2.22	2.17	2.68
Diluted Weighted Avg Shares	29	30	33	37	37	39	40	40	40	39	39	40	41	44	47
Diluted EPS, GAAP	1.37	1.59	1.65	1.91	1.89	2.21	2.2	3.89	2.03	2.43	1.43	2.5	2.17	2.06	2.53
Diluted EPS from Cont Ops	1.66	1.66	1.67	2	1.96	2.21	2.2	3.89	2.03	2.44	1.44	2.51	2.21	2.14	2.66

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	98	85	210	236	301	342	327	359	354	342	448	615	846	812	827
+ Cash, Cash Equivalents & STI	11	7	7	25	13	8	5	3	4	8	5	10	20	9	14
+ Cash & Cash Equivalents	4	7	7	25	13	8	5	3	4	8	5	10	20	9	14
+ ST Investments	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	79	70	197	200	267	311	320	350	344	329	439	594	810	803	813
+ Accounts Receivable, Net	24	27	30	33	43	55	64	74	46	24	24	22	20	22	21
+ Notes Receivable, Net	1	3	1	1	2	16	16	13	18	14	28	58	60	47	26
+ Loans Receivable, Net	53	39	165	166	218	230	224	243	254	257	344	390	477	313	382
+ Other Receivable, Net	1	1	1	1	5	10	15	21	27	33	42	124	253	422	385
+ Inventories	1	9	- -	- -	- -	- -	4	4	27	- -	- -	11	18	1	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	1	9	- -	- -	- -	- -	4	4	27	- -	- -	11	18	1	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	7	-2	7	10	21	23	-2	2	-22	5	4	- -	-2	-1	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	549	705	721	729	974	1,053	1,138	1,155	1,161	1,117	1,056	1,041	1,009	974	1,235
+ Property, Plant & Equip, Net	542	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3
+ Property, Plant & Equip	719	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3
- Accumulated Depreciation	178	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	- -	- -	- -	- -	24	25	30	31	19	11	19	19	19	31	13
+ LT Investments	- -	- -	- -	- -	24	25	30	31	19	11	19	19	19	31	13
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	7	705	721	729	950	1,028	1,108	1,124	1,142	1,106	1,037	1,022	990	940	1,220
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	7
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	7
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	7	705	721	729	950	1,028	1,108	1,124	1,142	1,106	1,037	1,022	990	933	1,213
Total Assets	647	790	931	965	1,275	1,395	1,466	1,514	1,514	1,459	1,505	1,656	1,855	1,786	2,062
+ Payables & Accruals	19	23	20	24	44	45	39	36	35	34	37	38	48	49	57
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	19	23	20	24	44	45	39	36	35	34	37	38	48	49	57
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	302	144	253
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	302	144	253
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	19	23	20	24	44	45	39	36	35	34	37	38	350	193	310
+ LT Debt	159	304	279	281	572	609	668	645	693	649	723	768	589	540	589
+ LT Borrowings	159	304	279	281	572	609	668	645	693	649	723	768	589	540	589
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	159	304	279	281	572	609	668	645	693	649	723	768	589	540	589
Total Liabilities	178	326	299	305	616	655	707	681	729	684	760	806	939	733	900
+ Preferred Equity and Hybrid Capital	38	38	38	38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	508	511	689	718	759	839	857	863	868	853	857	932	992	1,083	1,190
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	507	510	689	717	759	839	857	863	867	853	857	931	992	1,083	1,190
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-80	-86	-95	-96	-100	-99	-102	-38	-91	-86	-120	-112	-117	-126	-116
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	6	4	- -
Equity Before Minority Interest	467	463	632	660	659	740	755	825	777	767	737	828	881	961	1,075
+ Minority/Non Controlling Interest	2	- -	- -	- -	- -	- -	3	7	8	8	8	22	35	92	87
Total Equity	469	463	632	660	659	740	759	833	785	776	745	850	916	1,053	1,162
Total Liabilities & Equity	647	790	931	965	1,275	1,395	1,466	1,514	1,514	1,459	1,505	1,656	1,855	1,786	2,062
Shares Outstanding	30	31	35	35	38	39	40	40	40	39	39	41	43	46	48
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	155	297	272	255	559	601	662	642	689	642	718	757	871	675	828
Net Debt to Equity	33.03	64.08	43.02	38.68	84.79	81.26	87.3	77.12	87.74	82.7	96.3	89.08	95.06	64.12	71.22
Tangible Common Equity Ratio	66.48	53.78	63.77	64.43	51.68	53.05	51.76	55.03	51.87	53.16	49.52	51.34	49.39	58.79	56.23
Current Ratio	5.11	3.77	10.43	9.79	6.79	7.53	8.3	10.08	9.99	9.97	12.13	16.21	2.42	4.21	2.67
Cash Conversion Cycle	131.3	296.44	250.06	95.75	100.94	110.64	- -	- -	451.99	405.69	57.1	174.14	438.62	304.81	31.45

Cash Flow Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	49	51	58	73	73	85	87	155	81	96	56	101	91	95	124
+ Depreciation & Amortization	20	22	25	26	29	36	38	38	39	39	38	37	37	36	38
+ Non-Cash Items	-1	- -	1	-3	-2	-12	-11	-73	9	-10	2	-29	-10	5	-16
+ Stock-Based Compensation	1	2	3	3	4	4	5	6	7	7	8	8	8	9	9
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	2	1	2	- -	6	4	- -	3	16	7	41
+ Other Non-Cash Adj	-2	-1	-2	-6	-8	-17	-19	-79	-3	-21	-6	-40	-34	-11	-67
+ Chg in Non-Cash Work Cap	2	3	4	- -	2	-3	-8	-4	-7	-9	-5	-4	-15	-11	-9
+ (Inc) Dec in Accts Receiv	- -	1	- -	- -	-4	-5	-5	-6	-6	-6	-7	-7	-9	-10	-10
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	1	2	- -	- -	- -	1	1	-1	1	-1	- -	1	-1	-1	1
+ Inc (Dec) in Other	2	1	4	- -	5	1	-3	3	-2	-2	2	2	-4	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	70	77	87	96	102	106	105	116	122	116	91	106	104	126	136
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-104	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-104	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	104	- -	176	25	- -	79	15	1	- -	-18	- -	68	54	83	101
+ Increase in Capital Stock	104	- -	176	25	- -	79	15	1	- -	- -	- -	68	54	83	101
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	-18	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	-23	-2	-4	-1	6	9	-6	- -	- -	-11	18
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	7	18	- -	- -	- -	- -	19
+ Cash for Acq of Subs	- -	- -	- -	- -	-23	-2	-4	-1	- -	-9	-6	- -	- -	-11	-1
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	11	-165	-165	-29	-304	-138	-88	-3	-85	35	-64	-120	-175	102	-288
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-93	-159	-165	-29	-327	-140	-92	-4	-79	44	-70	-120	-175	91	-270
+ Dividends Paid	-57	-58	-67	-74	-77	-85	-90	-90	-91	-90	-90	-92	-95	-101	-107
+ Net Cash From Debt	68	145	-25	3	291	37	58	-23	48	-44	74	46	123	-207	159
+ Cash From Debt	218	239	163	68	491	201	213	116	208	24	304	269	172	- -	309
+ Repayments of Debt	-150	-95	-188	-65	-200	-164	-155	-139	-160	-68	-231	-223	-49	-207	-150
+ Other Financing Activities	-95	-2	-7	-1	-2	-2	1	- -	-1	-4	-7	-2	-2	-3	-13
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	20	85	77	-48	212	29	-16	-112	-44	-157	-24	20	80	-227	139
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-2	3	- -	18	-12	-5	-3	- -	-1	4	-3	5	10	-11	5
EBITDA	75	82	92	107	121	144	151	149	150	125	117	134	154	169	162
EBITDA Margin (%)	89.31	89.09	87.23	90.19	88.54	88.94	89.7	88.57	80.91	78.18	75.62	76.75	78.08	80.5	61.76
Free Cash Flow	-33	77	87	96	102	106	105	116	122	116	91	106	104	126	136
Net Cash Paid for Acquisitions	- -	- -	- -	- -	23	2	4	1	-6	-9	6	- -	- -	11	-18
Free Cash Flow to Firm	-27	87	98	109	120	132	135	146	153	146	119	137	152	166	171
Free Cash Flow to Equity	-63	218	59	95	353	143	164	93	171	72	165	152	228	-81	295
Free Cash Flow per Basic Share	-1.14	2.54	2.63	2.77	2.88	2.75	2.67	2.93	3.09	2.96	2.33	2.65	2.53	2.88	2.94
Price/Free Cash Flow	5.17	13.87	13.46	16.52	15.74	17.15	16.39	14.37	14.53	13.16	14.66	13.48	12.71	12.14	11.77
Cash Flow to Net Income	1.43	1.5	1.51	1.3	1.4	1.24	1.21	0.75	1.52	1.22	1.63	1.06	1.16	1.38	1.15
Capital Expenditures	-104	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -