$CTRE
CareTrust REIT, Inc.

2021 Q1 Form 10-Q Financial Statement

#000162828021009294 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $45.75M $44.34M
YoY Change 3.18% 11.81%
Cost Of Revenue $0.00 $546.0K
YoY Change -100.0% -22.77%
Gross Profit $45.75M $43.79M
YoY Change 4.47% 12.43%
Gross Profit Margin 100.0% 98.77%
Selling, General & Admin $5.840M $4.540M
YoY Change 28.63% 9.66%
% of Gross Profit 12.76% 10.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.49M $13.18M
YoY Change 2.36% 10.66%
% of Gross Profit 29.48% 30.08%
Operating Expenses $19.31M $18.25M
YoY Change 5.81% -22.69%
Operating Profit $26.44M $25.54M
YoY Change 3.51% 66.45%
Interest Expense $5.762M $6.714M
YoY Change -14.18% -2.13%
% of Operating Profit 21.79% 26.28%
Other Income/Expense, Net
YoY Change
Pretax Income $20.49M $19.33M
YoY Change 6.0% 20.44%
Income Tax
% Of Pretax Income
Net Earnings $20.49M $19.33M
YoY Change 6.01% 20.38%
Net Earnings / Revenue 44.78% 43.58%
Basic Earnings Per Share $0.21 $0.20
Diluted Earnings Per Share $0.21 $0.20
COMMON SHARES
Basic Shares Outstanding 95.38M shares 95.16M shares
Diluted Shares Outstanding 95.39M shares 95.16M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.50M $23.90M
YoY Change 27.62% -88.85%
Cash & Equivalents $30.47M $23.94M
Short-Term Investments
Other Short-Term Assets $7.400M $11.40M
YoY Change -35.09% 29.55%
Inventory
Prepaid Expenses
Receivables $1.800M $1.800M
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.70M $37.10M
YoY Change 7.01% -83.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.593B $1.491B
YoY Change 6.79% 15.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $1.800M $2.800M
YoY Change -35.71% -26.32%
Total Long-Term Assets $1.594B $1.494B
YoY Change 6.71% 15.61%
TOTAL ASSETS
Total Short-Term Assets $39.70M $37.10M
Total Long-Term Assets $1.594B $1.494B
Total Assets $1.634B $1.531B
YoY Change 6.72% 0.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.90M $15.50M
YoY Change 9.03% 10.71%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.80M $39.60M
YoY Change 8.08% 16.13%
LONG-TERM LIABILITIES
Long-Term Debt $665.8M $569.9M
YoY Change 16.83% -16.06%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $665.8M $569.9M
YoY Change 16.83% -16.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.80M $39.60M
Total Long-Term Liabilities $665.8M $569.9M
Total Liabilities $708.7M $609.4M
YoY Change 16.28% -14.52%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.182B $1.163B
YoY Change 1.64% 14.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $925.4M $921.8M
YoY Change
Total Liabilities & Shareholders Equity $1.634B $1.531B
YoY Change 6.72% 0.47%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $20.49M $19.33M
YoY Change 6.01% 20.38%
Depreciation, Depletion And Amortization $13.49M $13.18M
YoY Change 2.36% 10.66%
Cash From Operating Activities $33.95M $36.52M
YoY Change -7.03% 21.43%
INVESTING ACTIVITIES
Capital Expenditures -$139.5M -$28.30M
YoY Change 392.93% -1667.0%
Acquisitions
YoY Change
Other Investing Activities $6.200M $4.000M
YoY Change 55.0%
Cash From Investing Activities -$133.3M -$24.30M
YoY Change 448.56% -63.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.19M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $110.9M -$8.608M
YoY Change -1388.35% -104.03%
NET CHANGE
Cash From Operating Activities $33.95M $36.52M
Cash From Investing Activities -$133.3M -$24.30M
Cash From Financing Activities $110.9M -$8.608M
Net Change In Cash $11.55M $3.610M
YoY Change 219.94% -97.97%
FREE CASH FLOW
Cash From Operating Activities $33.95M $36.52M
Capital Expenditures -$139.5M -$28.30M
Free Cash Flow $173.4M $64.82M
YoY Change 167.59% 129.3%

Facts In Submission

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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3610000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18919000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20327000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30469000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23937000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
1325000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
2289000 USD
CY2021Q1 ctre Increase Decrease In Dividends Payable
IncreaseDecreaseInDividendsPayable
1673000 USD
CY2020Q1 ctre Increase Decrease In Dividends Payable
IncreaseDecreaseInDividendsPayable
2399000 USD
CY2021Q1 ctre Transfer Of Preacquisition Costs To Acquired Assets
TransferOfPreacquisitionCostsToAcquiredAssets
358000 USD
CY2020Q1 ctre Transfer Of Preacquisition Costs To Acquired Assets
TransferOfPreacquisitionCostsToAcquiredAssets
167000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
32400000 USD
CY2021Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
28 state
CY2021Q1 us-gaap Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
15200000 USD
CY2021Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
101131000 USD
CY2021Q1 us-gaap Land
Land
243457000 USD
CY2020Q4 us-gaap Land
Land
205356000 USD
CY2021Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1578754000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1477849000 USD
CY2020Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
97836000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2658000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2352000 USD
CY2021Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1926000000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1783393000 USD
CY2021Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
348550000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
335294000 USD
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1577450000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1448099000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
132001000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
176082000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
175777000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
174467000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
174441000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
171488000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
860010000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1864266000 USD
CY2021Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
45171000 USD
CY2020Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
42438000 USD
CY2021Q1 us-gaap Straight Line Rent
StraightLineRent
12000 USD
CY2020Q1 us-gaap Straight Line Rent
StraightLineRent
26000 USD
CY2021Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
63000 USD
CY2020Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
45246000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
42464000 USD
CY2021Q1 ctre Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
141508000 USD
CY2021Q1 ctre Operating Leases Anticipated Initial Annual Lease Revenues
OperatingLeasesAnticipatedInitialAnnualLeaseRevenues
10096000 USD
CY2021Q1 ctre Number Of Properties Acquired
NumberOfPropertiesAcquired
5 property
CY2021Q1 ctre Number Of Beds Or Units In Properties Acquired
NumberOfBedsOrUnitsInPropertiesAcquired
785 unit
CY2021Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
0 USD
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
0 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
670000000 USD
CY2021Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
4164000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
665836000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
550000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
4406000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
545594000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000.0 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.265
CY2021Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-04-15
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
25633000 USD
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-31
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1585000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
884000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14500000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
20486000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
19325000 USD
CY2021Q1 ctre Undistributed Earnings Loss Allocated To Participating Securities Basic And Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasicAndDiluted
119000 USD
CY2020Q1 ctre Undistributed Earnings Loss Allocated To Participating Securities Basic And Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasicAndDiluted
75000 USD
CY2021Q1 ctre Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
20367000 USD
CY2020Q1 ctre Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
19250000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95378000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95161000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95385000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95161000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20

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