XML 80 R68.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARIZED CONDENSED CONSOLIDATING INFORMATION - Condensed Consolidating Statement of Income (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental income $ 144,255 $ 57,224
Interest and other income 4,338 1,945
Resident fees and services 17,493 3,481
Total revenues 166,086 62,650
Expenses:    
Depreciation and amortization 48,005 19,137
Interest 35,818 15,788
Operating expenses 12,124 2,420
General and administrative 7,867 6,090
Merger and acquisition costs 330 563
Provision for (recovery of) doubtful accounts and loan losses 1,213 1,770
Impairment of real estate 532 0
Total expenses 105,889 45,768
Other income (expense):    
Other income (expense) 2,820 2,129
Net loss on sales of real estate (472) 0
Total other income 2,348 2,129
Income in subsidiary 0 0
Income before income from unconsolidated joint venture and income tax expense 62,545 19,011
Income from unconsolidated joint venture 446 0
Income tax expense (510) (220)
Net income 62,481 18,791
Net income attributable to noncontrolling interests (10) 32
Net income attributable to Sabra Health Care REIT, Inc. 62,471 18,823
Preferred stock dividends (2,561) (2,561)
Net income attributable to common stockholders $ 59,910 $ 16,262
Net income attributable to common stockholders, per:    
Basic common share (in dollars per share) $ 0.34 $ 0.25
Diluted common share (in dollars per share) $ 0.34 $ 0.25
Weighted-average number of common shares outstanding, basic (in shares) 178,294,605 65,354,649
Weighted-average number of common shares outstanding, diluted (in shares) 178,516,388 65,920,486
Elimination    
Revenues:    
Rental income $ (4,233) $ (784)
Interest and other income (112) 0
Resident fees and services 0 0
Total revenues (4,345) (784)
Expenses:    
Depreciation and amortization 0 0
Interest (112) 0
Operating expenses (4,233) (784)
General and administrative 0 0
Merger and acquisition costs 0 0
Provision for (recovery of) doubtful accounts and loan losses 0 0
Impairment of real estate 0  
Total expenses (4,345) (784)
Other income (expense):    
Other income (expense) 0 0
Net loss on sales of real estate 0  
Total other income 0 0
Income in subsidiary (172,807) (62,040)
Income before income from unconsolidated joint venture and income tax expense (172,807) (62,040)
Income from unconsolidated joint venture 0  
Income tax expense 0 0
Net income (172,807) (62,040)
Net income attributable to noncontrolling interests 0 0
Net income attributable to Sabra Health Care REIT, Inc. (172,807) (62,040)
Preferred stock dividends 0 0
Net income attributable to common stockholders (172,807) (62,040)
Parent Company | Reportable Legal Entities    
Revenues:    
Rental income 0 0
Interest and other income 10 7
Resident fees and services 0 0
Total revenues 10 7
Expenses:    
Depreciation and amortization 222 216
Interest 0 0
Operating expenses 0 0
General and administrative 5,822 5,259
Merger and acquisition costs 336 533
Provision for (recovery of) doubtful accounts and loan losses 2,181 (145)
Impairment of real estate 0  
Total expenses 8,561 5,863
Other income (expense):    
Other income (expense) 1,977 1,367
Net loss on sales of real estate 0  
Total other income 1,977 1,367
Income in subsidiary 69,343 23,436
Income before income from unconsolidated joint venture and income tax expense 62,769 18,947
Income from unconsolidated joint venture 0  
Income tax expense (298) (124)
Net income 62,471 18,823
Net income attributable to noncontrolling interests 0 0
Net income attributable to Sabra Health Care REIT, Inc. 62,471 18,823
Preferred stock dividends (2,561) (2,561)
Net income attributable to common stockholders 59,910 16,262
Operating Partnership | Reportable Legal Entities    
Revenues:    
Rental income 0 0
Interest and other income 112 0
Resident fees and services 0 0
Total revenues 112 0
Expenses:    
Depreciation and amortization 0 0
Interest 32,566 13,409
Operating expenses 0 0
General and administrative 14 14
Merger and acquisition costs 0 0
Provision for (recovery of) doubtful accounts and loan losses 0 0
Impairment of real estate 0  
Total expenses 32,580 13,423
Other income (expense):    
Other income (expense) 201 35
Net loss on sales of real estate 0  
Total other income 201 35
Income in subsidiary 101,610 36,825
Income before income from unconsolidated joint venture and income tax expense 69,343 23,437
Income from unconsolidated joint venture 0  
Income tax expense 0 (1)
Net income 69,343 23,436
Net income attributable to noncontrolling interests 0 0
Net income attributable to Sabra Health Care REIT, Inc. 69,343 23,436
Preferred stock dividends 0 0
Net income attributable to common stockholders 69,343 23,436
Sabra Capital Corporation | Reportable Legal Entities    
Revenues:    
Rental income 0 0
Interest and other income 0 0
Resident fees and services 0 0
Total revenues 0 0
Expenses:    
Depreciation and amortization 0 0
Interest 0 0
Operating expenses 0 0
General and administrative 0 0
Merger and acquisition costs 0 0
Provision for (recovery of) doubtful accounts and loan losses 0 0
Impairment of real estate 0  
Total expenses 0 0
Other income (expense):    
Other income (expense) 0 0
Net loss on sales of real estate 0  
Total other income 0 0
Income in subsidiary 0 0
Income before income from unconsolidated joint venture and income tax expense 0 0
Income from unconsolidated joint venture 0  
Income tax expense 0 0
Net income 0 0
Net income attributable to noncontrolling interests 0 0
Net income attributable to Sabra Health Care REIT, Inc. 0 0
Preferred stock dividends 0 0
Net income attributable to common stockholders 0 0
Combined Guarantor Subsidiaries | Reportable Legal Entities    
Revenues:    
Rental income 45,464 53,039
Interest and other income 1,267 1,938
Resident fees and services 0 0
Total revenues 46,731 54,977
Expenses:    
Depreciation and amortization 14,930 16,956
Interest 790 728
Operating expenses 0 0
General and administrative 431 767
Merger and acquisition costs 0 30
Provision for (recovery of) doubtful accounts and loan losses (971) 1,915
Impairment of real estate 532  
Total expenses 15,712 20,396
Other income (expense):    
Other income (expense) 410 727
Net loss on sales of real estate (56)  
Total other income 354 727
Income in subsidiary 1,854 1,779
Income before income from unconsolidated joint venture and income tax expense 33,227 37,087
Income from unconsolidated joint venture 0  
Income tax expense (53) 0
Net income 33,174 37,087
Net income attributable to noncontrolling interests 0 0
Net income attributable to Sabra Health Care REIT, Inc. 33,174 37,087
Preferred stock dividends 0 0
Net income attributable to common stockholders 33,174 37,087
Combined Non-Guarantor Subsidiaries | Reportable Legal Entities    
Revenues:    
Rental income 103,024 4,969
Interest and other income 3,061 0
Resident fees and services 17,493 3,481
Total revenues 123,578 8,450
Expenses:    
Depreciation and amortization 32,853 1,965
Interest 2,574 1,651
Operating expenses 16,357 3,204
General and administrative 1,600 50
Merger and acquisition costs (6) 0
Provision for (recovery of) doubtful accounts and loan losses 3 0
Impairment of real estate 0  
Total expenses 53,381 6,870
Other income (expense):    
Other income (expense) 232 0
Net loss on sales of real estate (416)  
Total other income (184) 0
Income in subsidiary 0 0
Income before income from unconsolidated joint venture and income tax expense 70,013 1,580
Income from unconsolidated joint venture 446  
Income tax expense (159) (95)
Net income 70,300 1,485
Net income attributable to noncontrolling interests (10) 32
Net income attributable to Sabra Health Care REIT, Inc. 70,290 1,517
Preferred stock dividends 0 0
Net income attributable to common stockholders $ 70,290 $ 1,517