Welltower Inc. (WELL)

Welltower Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	6,937	6,638	5,861	4,742	4,606	5,121
Revenue Growth (YoY)	15.12%	13.26%	23.59%	2.96%	-10.06%	8.95%
Cost of Revenue	4,087	3,948	3,559	2,775	2,598	2,690
Gross Profit	2,850	2,690	2,302	1,968	2,008	2,431
Selling, General & Admin	188.04	179.09	150.39	126.73	128.39	126.55
Other Operating Expenses	1,598	1,553	1,448	1,130	1,350	1,122
Operating Expenses	1,786	1,732	1,599	1,257	1,478	1,249
Operating Income	1,064	957.9	703.26	710.48	529.89	1,183
Interest Expense / Income	610.76	607.85	529.52	489.85	514.39	555.56
Other Expense / Income	1.88	3.6	25.28	-124.23	-973.32	-608.34
Pretax Income	451.08	346.46	148.46	344.85	988.81	1,235
Income Tax	9.51	6.36	7.25	8.71	9.97	2.96
Net Income	441.57	340.09	141.21	336.14	978.84	1,232
Net Income Growth	320.69%	140.84%	-57.99%	-65.66%	-20.58%	62.54%
Shares Outstanding (Basic)	574	516	462	425	415	402
Shares Outstanding (Diluted)	578	519	465	427	417	404
Shares Change	16.79%	11.51%	8.98%	2.27%	3.36%	7.61%
EPS (Basic)	0.82	0.66	0.31	0.79	2.36	3.07
EPS (Diluted)	0.82	0.66	0.30	0.78	2.33	3.05
EPS Growth	272.73%	120.00%	-61.54%	-66.52%	-23.61%	50.99%
Free Cash Flow	173.2	165.99	420.45	1,645	5,218	3,534
Free Cash Flow Per Share	0.30	0.32	0.91	3.87	12.56	8.79
Dividend Per Share	1.830	2.440	2.440	2.440	2.700	3.480
Dividend Growth	-25.00%	0%	0%	-9.63%	-22.41%	0%
Gross Margin	41.09%	40.53%	39.28%	41.49%	43.60%	47.47%
Operating Margin	15.33%	14.43%	12.00%	14.98%	11.50%	23.09%
Profit Margin	6.37%	5.12%	2.41%	7.09%	21.25%	24.06%
Free Cash Flow Margin	2.50%	2.50%	7.17%	34.69%	113.30%	69.01%
Effective Tax Rate	2.11%	1.84%	4.88%	2.53%	1.01%	0.24%
EBITDA	2,490	2,355	1,988	1,872	2,542	2,818
EBITDA Margin	35.89%	35.48%	33.93%	39.48%	55.18%	55.03%
Depreciation & Amortization	1,428	1,401	1,310	1,038	1,038	1,027
EBIT	1,062	954.3	677.98	834.7	1,503	1,791
EBIT Margin	15.31%	14.38%	11.57%	17.60%	32.64%	34.97%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).