NHC Reports Year End EarningsPosted 02/20/2015
MURFREESBORO, Tenn. -- National HealthCare Corporation (NYSE MKT: NHC, NHC.PRA), the nation's oldest publicly traded long-term health care company, today announced net operating revenues for the year ended December 31, 2014 totaled $871,683,000 compared to $788,957,000 for the year ended December 31, 2013, an increase of 10.5%. For the year ended December 31, 2014, net income available to common shareholders was $44,699,000, or $3.24 per share basic, compared to $55,942,000, or $4.05 per share basic, for the 2013 year. The newly constructed or leased skilled nursing facilities placed in service during the 2014 year and a decrease in non-operating income negatively impacted the 2014 financial results compared to the 2013 year.
Net operating revenues for the three months ended December 31, 2014 totaled $226,374,000 compared to $206,796,000 for the same three months in 2013, an increase of 9.5%. Fourth quarter of 2014 net income available to common shareholders was $12,632,000, or $0.92 per basic share, compared to $14,421,000, or
$1.04 per basic share, in the fourth quarter of 2013. Excluding the operating losses from the newly constructed or leased skilled nursing facilities and the decrease in non-operating income, income before income taxes for the quarter ended December 31, 2014 would have increased $982,000 compared to the prior year period, which is a 3.8% increase.
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