XML 81 R68.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Disclosures - Summary Information for the Reportable Segments (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
facility
Sep. 30, 2016
USD ($)
Dec. 31, 2016
facility
Segment reporting information, revenues            
Rental revenues   $ 442,249 $ 510,075 $ 1,354,145 $ 1,518,051  
HCP share of unconsolidated JV revenues   84,884 53,814 248,379 160,779  
Operating expenses   (155,338) (187,714) (467,582) (542,751)  
HCP share of unconsolidated JV operating expenses   (65,631) (43,037) (191,772) (126,899)  
Segment NOI   306,164 333,138 943,170 1,009,180  
Adjustments to NOI   1,335 810 2,806 352  
Adjusted NOI   307,499 333,948 945,976 1,009,532  
Addback adjustments   (1,335) (810) (2,806) (352)  
Interest income   11,774 20,482 50,974 71,298  
Interest expense   (71,328) (117,860) (235,834) (361,255)  
Depreciation and amortization   (130,588) (141,407) (397,893) (421,181)  
General and administrative   (23,523) (34,781) (67,287) (83,011)  
Acquisition and pursuit costs   (580) (2,763) (2,504) (6,061)  
Recoveries (impairments), net   (25,328) 0 (82,010) 0  
Gain (loss) on sales of real estate, net   5,182 (9) 322,852 119,605  
Loss on debt extinguishments   (54,227) 0 (54,227) 0  
Other income (expense), net   (10,556) 1,432 40,723 5,064  
Income tax benefit (expense)   5,481 424 14,630 (1,101)  
Less: HCP share of unconsolidated JV NOI   (19,253) (10,777) (56,607) (33,880)  
Equity income (loss) from unconsolidated JVs   1,062 (2,053) 4,571 (4,028)  
Discontinued operations   0 108,213 0 283,996  
Net income (loss)   (5,720) 154,039 480,558 578,626  
Corporate and other assets            
Segment reporting information, revenues            
Rental revenues   0 0 0 0  
HCP share of unconsolidated JV revenues   0 0 0 0  
Operating expenses   0 0 0 0  
HCP share of unconsolidated JV operating expenses   0 0 0 0  
Segment NOI   0 0 0 0  
Adjustments to NOI   0 0 0 0  
Adjusted NOI   0 0 0 0  
Addback adjustments   0 0 0 0  
Interest income   0 0 0 0  
Interest expense   (68,924) (104,584) (222,775) (314,708)  
Depreciation and amortization   0 0 0 0  
General and administrative   (23,523) (34,781) (67,287) (83,011)  
Acquisition and pursuit costs   (580) (2,763) (2,504) (6,061)  
Recoveries (impairments), net   0   0    
Gain (loss) on sales of real estate, net   0 0 0 0  
Loss on debt extinguishments   (54,227)   (54,227)    
Other income (expense), net   (10,556) 1,432 40,723 5,064  
Income tax benefit (expense)   5,481 424 14,630 (1,101)  
Less: HCP share of unconsolidated JV NOI   0 0 0 0  
Equity income (loss) from unconsolidated JVs   0 0 0 0  
Discontinued operations     108,213   283,996  
Net income (loss)   (152,329) (32,059) $ (291,440) (115,821)  
Senior housing triple-net            
Segment Disclosure            
Number of SH NNN facilities transitioned to RIDEA structure | facility       4   17
Senior housing triple-net | Operating segment            
Segment reporting information, revenues            
Rental revenues   77,220 104,262 $ 255,332 319,989  
HCP share of unconsolidated JV revenues   0 0 0 0  
Operating expenses   (934) (1,794) (2,927) (5,521)  
HCP share of unconsolidated JV operating expenses   0 0 0 0  
Segment NOI   76,286 102,468 252,405 314,468  
Adjustments to NOI   (600) (1,003) (2,844) (8,464)  
Adjusted NOI   75,686 101,465 249,561 306,004  
Addback adjustments   600 1,003 2,844 8,464  
Interest income   0 0 0 0  
Interest expense   (640) (644) (1,898) (8,859)  
Depreciation and amortization   (25,547) (34,030) (77,478) (101,737)  
General and administrative   0 0 0 0  
Acquisition and pursuit costs   0 0 0 0  
Recoveries (impairments), net   0   0    
Gain (loss) on sales of real estate, net   (6) 0 268,227 23,940  
Loss on debt extinguishments   0   0    
Other income (expense), net   0 0 0 0  
Income tax benefit (expense)   0 0 0 0  
Less: HCP share of unconsolidated JV NOI   0 0 0 0  
Equity income (loss) from unconsolidated JVs   0 0 0 0  
Discontinued operations     0   0  
Net income (loss)   50,093 67,794 441,256 227,812  
SHOP | Operating segment            
Segment reporting information, revenues            
Rental revenues   126,040 170,739 391,684 500,704  
HCP share of unconsolidated JV revenues   81,936 50,973 239,667 152,424  
Operating expenses   (86,821) (121,502) (267,226) (350,949)  
HCP share of unconsolidated JV operating expenses   (65,035) (42,463) (190,049) (125,244)  
Segment NOI   56,120 57,747 174,076 176,935  
Adjustments to NOI   4,551 4,081 12,229 14,648  
Adjusted NOI   60,671 61,828 186,305 191,583  
Addback adjustments   (4,551) (4,081) (12,229) (14,648)  
Interest income   0 0 0 0  
Interest expense   (933) (8,130) (6,950) (23,818)  
Depreciation and amortization   (24,884) (26,837) (75,657) (78,124)  
General and administrative   0 0 0 0  
Acquisition and pursuit costs   0 0 0 0  
Recoveries (impairments), net   0   0    
Gain (loss) on sales of real estate, net   5,180 0 5,313 0  
Loss on debt extinguishments   0   0    
Other income (expense), net   0 0 0 0  
Income tax benefit (expense)   0 0 0 0  
Less: HCP share of unconsolidated JV NOI   (16,901) (8,510) (49,618) (27,180)  
Equity income (loss) from unconsolidated JVs   (245) (3,517) 683 (8,477)  
Discontinued operations     0   0  
Net income (loss)   18,337 10,753 47,847 39,336  
Life science            
Segment reporting information, revenues            
Gain (loss) on sales of real estate, net $ 45,000          
Life science | Operating segment            
Segment reporting information, revenues            
Rental revenues   90,174 90,847 262,224 269,994  
HCP share of unconsolidated JV revenues   2,031 1,929 5,975 5,628  
Operating expenses   (19,960) (18,487) (56,024) (53,191)  
HCP share of unconsolidated JV operating expenses   (433) (406) (1,234) (1,173)  
Segment NOI   71,812 73,883 210,941 221,258  
Adjustments to NOI   (751) (314) (1,094) (1,545)  
Adjusted NOI   71,061 73,569 209,847 219,713  
Addback adjustments   751 314 1,094 1,545  
Interest income   0 0 0 0  
Interest expense   (87) (634) (288) (1,904)  
Depreciation and amortization   (30,851) (31,967) (95,648) (97,640)  
General and administrative   0 0 0 0  
Acquisition and pursuit costs   0 0 0 0  
Recoveries (impairments), net   0   0    
Gain (loss) on sales of real estate, net   8 0 45,922 29,428  
Loss on debt extinguishments   0   0    
Other income (expense), net   0 0 0 0  
Income tax benefit (expense)   0 0 0 0  
Less: HCP share of unconsolidated JV NOI   (1,598) (1,523) (4,741) (4,455)  
Equity income (loss) from unconsolidated JVs   789 778 2,322 2,263  
Discontinued operations     0   0  
Net income (loss)   40,073 40,537 158,508 148,950  
Medical office | Operating segment            
Segment reporting information, revenues            
Rental revenues   119,847 113,653 357,381 331,881  
HCP share of unconsolidated JV revenues   496 502 1,481 1,503  
Operating expenses   (46,486) (44,738) (137,930) (129,715)  
HCP share of unconsolidated JV operating expenses   (143) (148) (431) (452)  
Segment NOI   73,714 69,269 220,501 203,217  
Adjustments to NOI   (582) (814) (2,321) (2,361)  
Adjusted NOI   73,132 68,455 218,180 200,856  
Addback adjustments   582 814 2,321 2,361  
Interest income   0 0 0 0  
Interest expense   (126) (1,608) (382) (4,899)  
Depreciation and amortization   (42,047) (41,111) (127,261) (120,432)  
General and administrative   0 0 0 0  
Acquisition and pursuit costs   0 0 0 0  
Recoveries (impairments), net   0   0    
Gain (loss) on sales of real estate, net   0 (9) (406) 8,333  
Loss on debt extinguishments   0   0    
Other income (expense), net   0 0 0 0  
Income tax benefit (expense)   0 0 0 0  
Less: HCP share of unconsolidated JV NOI   (353) (354) (1,050) (1,051)  
Equity income (loss) from unconsolidated JVs   274 462 846 1,541  
Discontinued operations     0   0  
Net income (loss)   31,462 26,649 92,248 86,709  
Other non-reportable segments | Operating segment            
Segment reporting information, revenues            
Rental revenues   28,968 30,574 87,524 95,483  
HCP share of unconsolidated JV revenues   421 410 1,256 1,224  
Operating expenses   (1,137) (1,193) (3,475) (3,375)  
HCP share of unconsolidated JV operating expenses   (20) (20) (58) (30)  
Segment NOI   28,232 29,771 85,247 93,302  
Adjustments to NOI   (1,283) (1,140) (3,164) (1,926)  
Adjusted NOI   26,949 28,631 82,083 91,376  
Addback adjustments   1,283 1,140 3,164 1,926  
Interest income   11,774 20,482 50,974 71,298  
Interest expense   (618) (2,260) (3,541) (7,067)  
Depreciation and amortization   (7,259) (7,462) (21,849) (23,248)  
General and administrative   0 0 0 0  
Acquisition and pursuit costs   0 0 0 0  
Recoveries (impairments), net   (25,328)   (82,010)    
Gain (loss) on sales of real estate, net   0 0 3,796 57,904  
Loss on debt extinguishments   0   0    
Other income (expense), net   0 0 0 0  
Income tax benefit (expense)   0 0 0 0  
Less: HCP share of unconsolidated JV NOI   (401) (390) (1,198) (1,194)  
Equity income (loss) from unconsolidated JVs   244 224 720 645  
Discontinued operations     0   0  
Net income (loss)   $ 6,644 $ 40,365 $ 32,139 $ 191,640